What The Gold?!

It’s one of the oldest "stocks" ever...GOLD. It’s over though, right? That’s the late-night TV infomercial stuff? Your grandpa had it in a safe but you’re living in the future and everything’s digital now? ...right? Then why’s it up 43% this year, and 105% in the last 5 years? Stock or not, shouldn’t your advisor be aware of an asset soaring like that? This week on It’s All Money, hosts Dano Weir and Daren Blonski CFP® sit down with Jason Bowman from Napa Gold and Silver, for an insider’s take on what’s happening in the precious metals market. • What could be behind this meteoric rise? • How long will it last? How is gold purchased? • How is it held? • When does a gold ETF make sense for a portfolio? • If you have gold lying around, can you really turn it into cash? Wait, would you want to if you could? While you won’t find us giving out a 1-800 number any time soon, the rise in gold has been too significant to ignore. This educational episode aims to address the gains, and how or if it makes sense for a diversified portfolio. Full video available on our YouTube Channel: https://youtu.be/oUi8Zqqb3jU Learn more about Jason Bowman of Napa Gold and Silver here: https://napagoldandsilver.com/ Learn more about Sonoma Wealth here: https://sonomawealthadvisors.com/ Book your Wealth Analysis right here: https://sonomawealthadvisors.com/book-your-wealth-analysis CHAPTERS 0:00 Cold Open: Is Gold A Meme Stock? 1:03 Welcome To It's All Money 1:30 Gold's Meteoric Rise: Up 52% This Year 2:24 Meet Jason Bowman Of Napa Gold And Silver 3:12 How Jason Got Into The Gold Business 8:15 Gold Fever: Finding Your First Nugget 9:16 A Quick History Of Gold As Money 14:47 Recent Buyer Demand At The Shop 17:26 What Is A Gold ETF? 19:26 Understanding Premiums Over Spot Price 25:37 Show And Tell: Mercury Dimes And Constitutional Silver 30:52 Getting Started: How To Buy Gold And Silver 32:46 Real Or Fake? Spotting A Counterfeit Coin 40:24 Being A Gold Bug In A Volatile Market 48:07 California's $2,000 Sales Tax Rule 52:24 The Case Against Buying Gold Online 55:28 Will The Government Confiscate Gold Again? 59:40 Final Takeaways: Diversify, Diversify, Diversify 63:34 Jason's Philosophy: Relationships Over Transactions References: https://seekingalpha.com/article/4828510-gold-miners-outperforming-ai-chip-stocks-this-year https://www.reuters.com/article/business/timeline-golds-history-as-a-currency-standard-idUSTRE6A71J1/ https://www.stlouisfed.org/open-vault/2022/oct/ghost-bretton-woods-global-economic-system https://www.presidency.ucsb.edu/documents/executive-order-11825-revocation-executive-orders-pertaining-the-regulation-the https://goldprice.org/gold-price-history.html https://www.herobullion.com/are-olympic-medals-real-gold/