Preserving Wealth | Ray Dalio Says "Cash Is Trash"

1. I tell people this every I talk to them. Why would you ever keep any money in a bank, ever? The scam is so obvious at this point it is pathetic. How is a bank offering you less % on a savings account than Coinbase is offering you for holding a stable coin? These globalizing central planners are totally sick in the head and their hubris will come back to bite them in the ass when their machinations become more and more exposed and their glass house of cards crumbles, shatters, and flys away into the wind. The cycle continues.

2. Money in the bank (in the UK) has been pointless for years. My savings have overpaid the mortgage and gone into crypto. I don't risk my home and assets, but spare money I am happy to trade/invest.

3. Excellent video Nick

4. 95% exposure to BTC, it's all or nothing bro!

5. Hey Nicolas , how do we do trading without charts, please make video if it is possible

6. Crypto, nokia, aurora cannabis, and silver for the next 10 years

7. great content as always! Where do you purchase those? An account at some broker's? Interactive brokers for example?

8. Property works for me

9. What about savings accounts like PNC bank which offer a rate of 1.75 %?

10. All the ads I get are about getting me into stocks, options, or real estate… Everyone wants to show me how they made their billions. This shows me their jig is up and they need more suckers for their bubble…

11. Question about your insights. If it is gold and silver that you would recommend spreading in. What is your opinion about https://www.goldrepublic.com/ Gold republic? Would love to here your thoughts about it.

    You buy your gold but can place it in NL Germany or Zwitserland

12. Equities will continue to run for the next few years at least . Thanks Nich.

13. Damn these Taxes! They wanna steal even more money from us now. They r already printing shitloads of dollars.

14. Bitcoin is king!

15. Hi Nick. You mention having stops in place to prevent complete loss of all crypto, but in prior vids you say to protect your crypto by removing from the exchanges… How do we do both?

16. I've always agreed with Dalio more than Buffet. Buffet is a hoarder not an investor, he's like a black hole where money goes to die.

17. Just curious if there is such a thing called Higher Interest Savings Accounts in America. Cos we have that in my country but realistically one can hit a 2-3% interest rate

    And if you follow certain criteria set by the banks(salary credit, credit card spend etc)

18. You talk the talk, Let's see your portfolio? Prove it!!

19. I wouldn't bet against Buffet. That cash treasure trove is waiting to jump in when "there is blood in the streets". The returns of which will dwarf anything else he could do with that cash in the next 3-9 months… and we know he isn't going to go anywhere near crypto, so we rule that out (pity).

20. Without a sense of your net worth, it becomes a bit difficult to get a sense of your investment plan… you'd be 25% silver if you had $10m? or $100m net worth? I doubt it. These %'s all change as you move higher and higher, do you not agree? As an example, If you have a $10,000 net worth, then, OK YOLO on 90% crypto. If you have a $1m net worth, it would be terrifying to be 90% crypto. After a certain point being 50% precious metals is also a little extreme IMO.

21. It's not an economic expansion it's an economic failure that is in the process of creating the bubble of all bubbles that will eventually pop. Nobody can debt themselves into prosperity. It's just mathematically impossible I don't care how big you think you are. Even the USA.

22. Great insight Nicholas! I really appreciate your ACTIONABLE advice and you don't shy away from giving specifics. Liked and sub'd!

23. Hey Nick! I really liked this video, I found it very valuable. Thanks for all the hard work and great content!

24. Maybe I'm a big dummy… but I have 90% in crypto lol

25. Hey nick how would one go about actually structuring/purchasing a portfolio? Do we buy it from trading platform?

26. The way you present your graphs are incredibly misleading. You present yourself as having an unbiased opinion, but then clearly demonstrate bias toward bitcoin and other assets you’re interested in by changing the scales of data to appear to be outperforming other assets you’re not as interested in.

27. glad we dont have to hear you say "Twenty ninteeeeeeeeeeeen" anymore. lol. Thanks for the free content!

28. Smart. I'm in crypto for the next 2 to 3 years. Then metals and maybe buying the dip on some stock's.

29. ?‍♂️ I'm all in on crypto ??

30. I have 60% in crypto and 40% in cash. That's enough for me.

31. I've asked a few times on different videos but i find it even more pertinent here. Where does gold mining equities fit into all of this? Do you see rising gold prices in the face of a drop in the dollar? If so, do you see mining stocks as a good move for the next year or two?

32. Kinda sounds like a Ray Dalio all weather portfolio. I've thought about using Ray's all weather portfolio as a savings account instead of a bank account.

33. He also said that bitcoin is not a proper store of value in this video and to buy gold. So…yeah

34. Can’t live without the snap!

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