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Why You Should Stick With Gold

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    Gold Bullion International president Savneet Singh explains why you should keep your money in gold.

  • Duration 4:06
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I mentioned a moment ago that we have this headline -- world the gold sales are down first time in three years our next guest though who's coming on says the gold market.

So pretty good place today suddenly saying president of gold bullion international and that one of the Forbes thirty under thirty.

This is pretty Callista beyond congratulations on that and thank you thank welcome thanks for joining us.

Are so let's talk about just be and we can get -- us.

Some more long term.

You know its goals you -- business everything else but gold at this point the economy started to recover as it is such as it is why is -- still -- -- -- your view insight into underlying fundamentals of the gold market haven't really changed that much -- you know as you know investors are generally a little shortsighted so we've had a great rally here.

And I think a lot of what people there is what -- bought gold will start to come to play in the next few months so that the fact let's dig the quantity of money -- been printed has been.

In far exceed any other time in history that money has to go somewhere yeah I think one of the places and we'll go to is gold.

Central banks have been huge -- a goal album that's gonna stop anytime soon.

And the fact that -- -- emerging market wealth growing that doesn't stop either so what's the dynamic do you think going to be and in terms essential mark -- Central Bank involvement in financial markets over the next say.

68 months and this is anything going to change in terms of the money printing that we've seen not only here in the United States and overseas as well so I don't think a short term rating is going to change at some point will because some of that money you'll get back into the system right people get scared and rates may have to rise.

But in the short term I don't think a change you know particularly gold market.

You know you have countries like China where the now the biggest -- of gold palace the biggest importers of gold.

And yet he's underlying dynamics that are just that are going to be a for a long times I always think if I was central banker -- -- The treasury count and in a foreign country and all my reserves -- -- one currency you know us dollar.

The only other thing I could probably buying in scale is gold -- by the Euro but I don't want that exposure so if someone else and they're forced to by Goldman and -- veterans and and.

-- and we I'm curious about how.

You personally got involved or interest to the -- because simply says he said you're one of the -- thirty under thirty which is nice this is a great honor to have but.

I think most of the people we have coming in here to talk about -- to get a bunch of then well we -- older people that are scared -- their -- -- the world's -- they have -- canned foods and everything else in the civil let me buy gold buy gold but -- Much different than that the way you approach its -- get adjusted and yet completely so it is actually simple myself and a couple of -- -- Angel investors and co-founder for trying to buy gold and.

And we once the market.

We ran into the -- to have the characters that you mentioned.

That's sort of buy -- to get your mattress it's -- and when he went to -- -- -- really high fees you can go to your financial violence ahead wanna buy some gold there wasn't easy way to do it.

And I think we were lucky in that we -- -- our time -- was the fortuitous that we started in 20092010.

Thanks so real them.

Bring together a lot of very Smart minds that usually would have completely ignored to the gold market and say hey let's create.

The first -- of people to electronically by in trade assassin.

So we could create a new avenue demand -- continuing to buy it pretty -- and that's how we thought there was there was a personal problem that we turned into business solution -- to -- With that expand in some ways.

Venture out of that or forced to stay on this path you know -- we might go to other -- I think right now the gold market is is just it very is very -- its infancy that the ownership of gold is still extremely small around the world.

-- and as you said.

I don't think the smartest minds the world ever got in single market which is so it was a bad thing but trust is a great thing that we can innovate -- -- -- came from this market will came from.

Different areas essential services like give you one example of that before wrap up give me an innovative example that you would and that's not happening now that you know we might see the -- or that you're just started as a right now if you wanna buy golden IRA right you can't really do it and so we're launching this marks the first way to buy -- electronically in an IRA.

We also the first -- -- -- copied by trade so.

On some -- and you can type a ticker and by golden wonder in New York Zurich soliciting Melbourne we did all electronic curve it was -- kind of market before.

-- well congrats on all that and again on the Forbes thirty under thirty.

You -- lucky got this year right Tony nine -- -- about sixty pass up and it's a not nice to meet you thanks for coming thank you -- our.

Zillow what do.

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