Hear what expert thinks about people buying gold bars at Costco

Are you shocked when you hear things like this $100 million? First of all, they weren’t even selling them a year ago. Then they sell them one quarter, $100 million. Now they’re running at $200 million a month in gold bars. Is that something anybody should be buying? Well, here’s the thing, Aaron, is that people always have this herd mentality and this fear of missing out. It happened with Bitcoin bitcoins going up. It’s going up. It’s going up All I have to buy it. Oh, gold. Never even thought about gold before. Now here you’re in Costco and people are in line and they’re running out of it and they’re only let people buying 5 apiece. And and all of a sudden this, this frenzy starts and everybody wants to be a part of it, especially when they see the price going up and the price has gone up 13% so far this year. What they are not thinking about, however, is that it’s one thing to buy gold and get a physical bar. It’s another thing to have to sell it. And that is not what they are thinking about. You have to have it surveyed, all these things, Where do you go? Where do you keep it? Is it insured? Is it not? And so there’s a lot of things that I think people really need to think about when you’re buying physical gold. Listen, if you want to be invested in gold, you can do it through an ETF. You can do it many ways, but to buy the actual commodity I’m not sure is something that people should be doing and that which is a crucial point. The point you make of if you do believe that that gold is a good thing to buy right as a as a sort of a a hedge, as you know as against inflation that there are other ways to do it. As you mentioned exchange traded funds and other ways. Do you Susie right now have fears about where inflation is going though those fears. That clearly is where a lot of Americans are getting this anxiety from. I do have fear about it, but for different reasons than before. Now I’m afraid because commodities are going up, not just gold. Look at the price of oil. Oil’s at $8689 right in there, depending if it’s WTI or Brent. And as oil goes up, what else happens? The price of gasoline starts to go up. So people start to feel it every single day as they’re filling up their tanks. Then everybody starts to talk about it again. And also the news is saying what’s going to happen tomorrow with the CPI? Is inflation going to go up? Is it not? And so then you see people getting, having, you know, coming out of stocks, possibly going into bonds and vice versa. I think everybody needs to just calm down and I think they need to see really where is it at and not be investing according to inflation, Aaron, they need to be investing according to what’s going on in their individual lives. Are they older and do they need fixed income? So should they be buying a 20 or 30 year treasury bond and locking it up or are they younger and should they be in the stock market? So I think everybody is just freaking out right now, but I don’t think they need to be freaking out as much as they are.