Ryan (Chumba Casino Narrator)

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.

To us, it makes some sense to own some gold in that other 40%. And maybe gold's going to pull back because it's had such a historic run. Perfectly, perfectly normal. If gold pulled back 15%, that'd be perfectly normal with the incredible rally that it's had. And that's maybe an actual good buying opportunity.

To us, it makes some sense to own some gold in that other 40%. And maybe gold's going to pull back because it's had such a historic run. Perfectly, perfectly normal. If gold pulled back 15%, that'd be perfectly normal with the incredible rally that it's had. And that's maybe an actual good buying opportunity.

To us, it makes some sense to own some gold in that other 40%. And maybe gold's going to pull back because it's had such a historic run. Perfectly, perfectly normal. If gold pulled back 15%, that'd be perfectly normal with the incredible rally that it's had. And that's maybe an actual good buying opportunity.

So for longer-term investors out there, have some stocks, yes, have a little bit of bond, sure. But honestly, having a little bit of gold makes sense because, again, these cycles last a lot longer than you think. If 12 years it went up the one time, 12 years went sideways, now we're two or three years into this one. Who knows? Who knows what's going to happen? But I would be open to the idea.

So for longer-term investors out there, have some stocks, yes, have a little bit of bond, sure. But honestly, having a little bit of gold makes sense because, again, these cycles last a lot longer than you think. If 12 years it went up the one time, 12 years went sideways, now we're two or three years into this one. Who knows? Who knows what's going to happen? But I would be open to the idea.

So for longer-term investors out there, have some stocks, yes, have a little bit of bond, sure. But honestly, having a little bit of gold makes sense because, again, these cycles last a lot longer than you think. If 12 years it went up the one time, 12 years went sideways, now we're two or three years into this one. Who knows? Who knows what's going to happen? But I would be open to the idea.

that gold might continue to do pretty well here over the next five to 10 years, honestly.

that gold might continue to do pretty well here over the next five to 10 years, honestly.

that gold might continue to do pretty well here over the next five to 10 years, honestly.

No, that's exactly right. And even 2023, I mean, mag seven did well. So people were conditioned for a couple of years to just be in the large cap tech names and then, you know, then they dropped like they did. So it's, it just still makes sense.

No, that's exactly right. And even 2023, I mean, mag seven did well. So people were conditioned for a couple of years to just be in the large cap tech names and then, you know, then they dropped like they did. So it's, it just still makes sense.

No, that's exactly right. And even 2023, I mean, mag seven did well. So people were conditioned for a couple of years to just be in the large cap tech names and then, you know, then they dropped like they did. So it's, it just still makes sense.

I mean, this is some old stuff that people way before my time were talking about, but stay diversified, stick with your plan, you know, continue to buy when you're supposed to buy and then don't, don't make an irrational decision. If you can help it at the worst time, you know, I'll do another quick little story if we've got time.

I mean, this is some old stuff that people way before my time were talking about, but stay diversified, stick with your plan, you know, continue to buy when you're supposed to buy and then don't, don't make an irrational decision. If you can help it at the worst time, you know, I'll do another quick little story if we've got time.

I mean, this is some old stuff that people way before my time were talking about, but stay diversified, stick with your plan, you know, continue to buy when you're supposed to buy and then don't, don't make an irrational decision. If you can help it at the worst time, you know, I'll do another quick little story if we've got time.

Lawrence of Arabia, the movie Lawrence of Arabia, there's a scene called the candlestick scene. And this guy goes up to the candlestick and pinches it and takes it out. The second guy looks at it, goes up to the he wants to try it, goes up to a candlestick, pinches a candlestick, screams in pain. And he looks at the first guy and goes, how in the world did you do that?

Lawrence of Arabia, the movie Lawrence of Arabia, there's a scene called the candlestick scene. And this guy goes up to the candlestick and pinches it and takes it out. The second guy looks at it, goes up to the he wants to try it, goes up to a candlestick, pinches a candlestick, screams in pain. And he looks at the first guy and goes, how in the world did you do that?

Lawrence of Arabia, the movie Lawrence of Arabia, there's a scene called the candlestick scene. And this guy goes up to the candlestick and pinches it and takes it out. The second guy looks at it, goes up to the he wants to try it, goes up to a candlestick, pinches a candlestick, screams in pain. And he looks at the first guy and goes, how in the world did you do that?

The first guy looks at him, just says, you just got to know it's going to hurt. Right. That is investing. It's going to hurt.