Ryan (Chumba Casino Narrator)

I like to buy things in bull markets with violent short pullbacks. And sure enough, that's what gold obviously did back in November. So good trade there.

I like to buy things in bull markets with violent short pullbacks. And sure enough, that's what gold obviously did back in November. So good trade there.

I like to buy things in bull markets with violent short pullbacks. And sure enough, that's what gold obviously did back in November. So good trade there.

Exactly. You need new gold stocks. We personally don't own any gold stocks or gold ETFs. We're sticking with simply ETFs based on the price of the metal. But trust me, if somebody wanted to be more aggressive and they had a stomach for it, then yes, some of those gold stocks obviously will do a lot better because they're more leveraged than the actual metal.

Exactly. You need new gold stocks. We personally don't own any gold stocks or gold ETFs. We're sticking with simply ETFs based on the price of the metal. But trust me, if somebody wanted to be more aggressive and they had a stomach for it, then yes, some of those gold stocks obviously will do a lot better because they're more leveraged than the actual metal.

Exactly. You need new gold stocks. We personally don't own any gold stocks or gold ETFs. We're sticking with simply ETFs based on the price of the metal. But trust me, if somebody wanted to be more aggressive and they had a stomach for it, then yes, some of those gold stocks obviously will do a lot better because they're more leveraged than the actual metal.

But hey, the metal is doing pretty darn good on its own.

But hey, the metal is doing pretty darn good on its own.

But hey, the metal is doing pretty darn good on its own.

Yeah, there are. That's clearly the big one. I mean, that's the gold. You like this one? That's the gold standard. I can't believe I just said that. That's the gold standard for ETFs with gold. There are some others. Honest to goodness, off the top of my head, I'm not 100% sure, but there are. But that's the safest one that if you just want some gold exposure...

Yeah, there are. That's clearly the big one. I mean, that's the gold. You like this one? That's the gold standard. I can't believe I just said that. That's the gold standard for ETFs with gold. There are some others. Honest to goodness, off the top of my head, I'm not 100% sure, but there are. But that's the safest one that if you just want some gold exposure...

Yeah, there are. That's clearly the big one. I mean, that's the gold. You like this one? That's the gold standard. I can't believe I just said that. That's the gold standard for ETFs with gold. There are some others. Honest to goodness, off the top of my head, I'm not 100% sure, but there are. But that's the safest one that if you just want some gold exposure...

It's been around the block once or twice. Funny thing about that one, GLD, I think it was 2011, maybe 2012. That's when there were more assets in that GLD ETF than there were in SPY, the S&P 500 ETF. It had to have been 2011. That's when gold peaked. And that was, looking back, a major, major peak in gold. And that was one of those anecdotal sentiment things that looking back, oh, it's obvious.

It's been around the block once or twice. Funny thing about that one, GLD, I think it was 2011, maybe 2012. That's when there were more assets in that GLD ETF than there were in SPY, the S&P 500 ETF. It had to have been 2011. That's when gold peaked. And that was, looking back, a major, major peak in gold. And that was one of those anecdotal sentiment things that looking back, oh, it's obvious.

It's been around the block once or twice. Funny thing about that one, GLD, I think it was 2011, maybe 2012. That's when there were more assets in that GLD ETF than there were in SPY, the S&P 500 ETF. It had to have been 2011. That's when gold peaked. And that was, looking back, a major, major peak in gold. And that was one of those anecdotal sentiment things that looking back, oh, it's obvious.

But I mean, that was a little over the top. We're you know, we're not quite seeing that yet with gold. One other thing on gold. I mean, gold went up from 2009 until about 2011, so about 12 years. Then look at the chart. Gold went sideways for about 12 years. Now, when I say sideways, I mean, it didn't go up. It went down to sideways for about 12 years. So now it's broken out.

But I mean, that was a little over the top. We're you know, we're not quite seeing that yet with gold. One other thing on gold. I mean, gold went up from 2009 until about 2011, so about 12 years. Then look at the chart. Gold went sideways for about 12 years. Now, when I say sideways, I mean, it didn't go up. It went down to sideways for about 12 years. So now it's broken out.

But I mean, that was a little over the top. We're you know, we're not quite seeing that yet with gold. One other thing on gold. I mean, gold went up from 2009 until about 2011, so about 12 years. Then look at the chart. Gold went sideways for about 12 years. Now, when I say sideways, I mean, it didn't go up. It went down to sideways for about 12 years. So now it's broken out.

We're a couple years into this thing. By no means am I like some huge gold bug. I think stocks are going to do pretty good. I don't think there's going to be a recession. But for a diversified portfolio, if someone wants to own something, if you think about a 60-40 portfolio, what is that? 60% stocks, 40% other stuff, usually bonds. Usually bonds, the other 40.

We're a couple years into this thing. By no means am I like some huge gold bug. I think stocks are going to do pretty good. I don't think there's going to be a recession. But for a diversified portfolio, if someone wants to own something, if you think about a 60-40 portfolio, what is that? 60% stocks, 40% other stuff, usually bonds. Usually bonds, the other 40.