Gold in Venezuela Jumps to $200 Million - Failed Hyperinflation Hedge?
Published on Sep 15, 2018
Venezuela has seen a complete destruction of it's currency, the bolivar, in 2018 as a result of economic turmoil, socialist monetary policies, corruption, and more. As a result, gold has soared in value from $13,000 to about $200 million per ounce in 2018. Was it enough to hedge against the loss in value of the Venezuelan dollar (the bolivar)? We take an objective look at the results of having something of value (metals) verses having nothing but worthless fiat paper currency when the economy collapses.
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Thank you to all viewers and subscribers. I apologize that I do not typically have time to answer questions that are posted in comments.
Also, I cannot offer specific investment advice due to the complicated and detailed nature of everyone's personal, unique financial and life situations. Although I usually include sources, charts, data, and links to the subject matter in my videos, the views expressed in my videos are often "one man's opinion" and should not be taken as financial advice, in any way. I urge you to seek professional counsel and for everyone to do their own due diligence prior to making any significant decisions regarding financial and investment matters.
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Links to news sources discussed in the video are posted here: https://bullboom.blogspot.com/
Also, please help our channel grow by clicking like, commenting, sharing our videos and subscribing to our channel.
Thank you to all viewers and subscribers. I apologize that I do not typically have time to answer questions that are posted in comments.
Also, I cannot offer specific investment advice due to the complicated and detailed nature of everyone's personal, unique financial and life situations. Although I usually include sources, charts, data, and links to the subject matter in my videos, the views expressed in my videos are often "one man's opinion" and should not be taken as financial advice, in any way. I urge you to seek professional counsel and for everyone to do their own due diligence prior to making any significant decisions regarding financial and investment matters.
Fair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to credit you for your photo, data, website, or documents.
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