Hubert Senters here.
A very common question that I get all the time when the market sells off. Where does the money go to? Number one, a lot of people will just stay. They’ll put their head in the sand and ride stuff down and that’s fine. If you’re a long term investor that’s what you should do. You should just buy and hold. Never look at stuff. If you’re a long term investor if that’s your plan do that be you. Okay.
Index funds and stuff like that. That’s where I’ve got lot of my retirement stuff. I don’t think it’s a bad idea. As long as you were in for the long haul you should be fine. Now, from time to time this stuff there’s a couple different places where people tend to go number one a lot of people will try to go gold so this is a picture of gold at GC. Not a picture but a chart.
That’s a picture of gold to $11. Earlier was only up about $10. When a lot of people when there’s blood in the streets in Wall Street. I’m not talking about anything else but Wall Street. Then they’ll go to Gold or they’ll go to the bond market. Right now, they’re going to bonds and they’re not really jumping into Gold.
But the question that I want to put to you which I get put to me all the time is which one’s better Gold or NEM? Which would be Newmont Mining? For me, I’d rather see you get long Gold as Newmont Mining. Here’s why. Newmont Mining is a mining company that tries to extract Gold from the earth.
They have expenses associated with that. They may or not find the sparkly yellow stuff and the fuel costs and equipment costs and if they don’t drill around that spot their holes, right? At least with Gold you know the price of gold so if you’re looking at like one of the Gold miners I would skip that and just go straight to the price of gold that would be my recommendation. And number one, never invest in more stuff than you can afford to lose because therefore it may happen.
I’m going to be doing a webinar on ‘’The 1% Club’’ Wednesday at noon. Discover the secret account that earns just under one percent a day enough to turn $5,000 into $70,000 dollars and as little as one year. So far the webinars are still maxing out. We have a little bit better chance when we do them during the day because most people attend webinars at night so we’re trying to do some of them during the day.
First name, email address and reserve my seat now. Once again GotoWebinar only holds thousand that people. I will open up the GotoWebinar room about 30 minutes early.
Good luck. Hope it helps. Have a great weekend. And I’ll see you on the next video.
Hubert.
