By TRADEway
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The podcast currently has 166 episodes available.
Today we’re going to be talking about the end of the so-called “petrodollar,” what that means for gold, and what that means for you.
For the past 80 years the global financial system has been dominated by the strength of the U.S. dollar.
Why has the dollar been so dominant and what’s the future of the dollar look like? That’s what we’re going to talk about today.
We’ll cover the petrodollar agreement of 1973 between the U.S. and Saudi Arabia, and the history, definition and uses of the petrodollar. Let’s dive in.
Here’s why I think you should be buying gold in 2024.
Gold isn’t digital, it’s physical. Because it’s physical, it can’t be manipulated, it can’t go bankrupt, and it can’t be created out of thin air.
The thing is, digital money carries risks.
And even though we all benefit in many ways from the conveniences of digital currency, we still need to protect ourselves from the vulnerabilities of digital currency–and that’s where gold comes into play.
Gold is something we can rely on–especially when the dollar is doing all kinds of funny things.
Should you buy silver or gold? How do you know which precious metal is best for you?
Gold is generally more conservative, and can be used to protect your purchasing power. Gold is better for saving than for trade and is also easier to store. Silver, however, is better for trade, is easier to acquire, and you can get more metal for your dollar.
Let’s talk about the major differences between these two metals in detail and really unpack this.
Why are people buying gold right now? Today I want to share the one reason I believe people are buying up gold right now in the United States. And that is that gold is resilient against the dollar.
The thing that’s often ignored by analysts is that even during economic and world events that should have hurt the value of gold badly, gold remained resilient, and it’s likely to continue to do so.
You can think of owning gold like having an emergency fund of actual cash. It’s for emergencies. If the value of the dollar was ever seriously compromised, owning physical gold could be an enormous boon for your family.
There probably is a recession coming around the corner in 2025, which can leave people feeling scared. But I’m here to tell you that you can prepare for it. Not only can you learn how to protect your assets during an economic downturn, but you also have the potential to make some serious money during the next recession. There are three main strategies that I recommend to my students to take advantage of a recession. Once you learn these three strategies you can get more advanced with them, but here’s where I’d start. In this video I’ll also cover the strategy I do NOT recommend you try during a recession.
Today we’re going to be talking about why a retailer like Costco is selling gold. Wells Fargo recently estimated that Costco is selling as much as $200 million in gold bars monthly. That amount of money in the gold market is not unusual. But what is unusual is that people are buying their gold from a place like Costco, rather than from a metals dealer. So why is this trend happening, and what can it tell us about the gold market? Let’s get into it.
The CNBC article mentioned: “Costco selling as much as $200 million in gold bars monthly, Wells Fargo estimates” https://cnb.cx/3SFmoQt
NEW Barter to Currency course coming soon! Join the waitlist here: https://tradeway.myflodesk.com/zz1w6988pc
If you’re over 30 and broke, you’re probably starting to realize that time isn’t unlimited, and you’re running out of it. Learning to create wealth at this stage may seem like an impossible task. But you would be amazed at how fast you can turn things around. In this video I’m going to share with you three steps for you to get started if you’re over 30 and broke.
In today’s episode we’re going to be talking about why you don’t let fear drive your financial decisions. Have you ever noticed that the most common command in scripture is do not fear? It turns out people are pretty terrified in life, and they need constant reminding that they shouldn’t be. When it comes to money, fear is often one of the most driving forces in people’s decision making. Here are three things you can do to kick financial fear to the curb.
Don’t make the mistake of thinking that because something is hard, it’s not God’s will for you.
In this episode, you’re going to learn how to know God’s will for your life. Here are seven steps to knowing you’re doing the right thing. “In everything give thanks, for this is the will of God in Christ Jesus concerning you.” – 1 Thessalonians 5:18
When you start trading, you might fight that your desire to do well financially will drive you to do things that aren’t rational, making emotional decisions rather than looking at the facts that are right in front of you. We have to ask the Lord daily to remove the pride in our hearts that can be detrimental to our trading journeys. Following the rules and guidelines is trading is key to success.
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