Du hast einen 1.2 MILLIONEN $ FEHLER gemacht

Summary

The video script discusses the devaluation of the US dollar from 1913 to 2013, highlighting the transition from gold-backed to fiat currency post-1971. It emphasizes the preservation of purchasing power by gold and silver over time, contrasting with the dollar's decline. The script illustrates the potential wealth accumulation through collecting MS70 silver eagles since 1986, which could have amassed a portfolio worth $1.2 million for a small initial investment. It also mentions the significant appreciation of unique and rare modern coins, such as the 2004 Tiffany art coin and the 2021 Julius Caesar coin, urging viewers to consider the investment in collector's items to avoid missing out on substantial returns.

Takeaways

• 💵 The value of the US dollar has significantly decreased over time, with a dollar in 1913 having the same purchasing power as 5 cents or less in 2013.
• 📉 The devaluation of the dollar and other currencies is partly due to inflation but primarily due to the shift to fiat currencies after the termination of the Bretton Woods Agreement in 1971.
• 🚗 In 1965, a new Mustang could be bought for $2500 or 2500 silver dollars, but the same amount in USD today would not buy a car, whereas the silver coins could still purchase two cars, demonstrating the preservation of purchasing power by precious metals.
• 🏆 Gold and silver have maintained their purchasing power over time, unlike fiat currencies.
• 💰 If one had consistently bought gold and silver over the years, they could have offset inflation and maintained their average purchasing power.
• 🌟 The concept of 'collectible' gold and silver is introduced, with MS70 silver eagles being a prime example, where 'MS' stands for 'mint state' and '70' indicates a perfect condition coin.
• 💸 By purchasing MS70 silver coins monthly since 1986, one could have amassed a portfolio worth $1.2 million for an initial investment of only $50,000 to $80,000.
• 🔍 The '$1.2 million dollar mistake' refers to the missed opportunity by most people to invest in such collectible precious metals.
• 💎 The script highlights the potential of investing in exclusive, unique, and rare modern coins, with examples of significant increases in value over time.
• 🌈 The Tiffany art coin from 2004, originally sold for about $100, now sells for $5,000 to $10,000, illustrating the substantial return on investment for rare coins.
• 📈 The script serves as a call to action to avoid the '$1.2 million dollar mistake' by building a legacy through the strategic collection of precious metals and coins.

Q & A

What is the significance of the year 1913 in the context of the US dollar's purchasing power?

In 1913, the US dollar had a purchasing power equivalent to one dollar, which is used as a reference point to compare its value over time.

How much purchasing power did a US dollar have in 2013 compared to 1913?

In 2013, a US dollar had a purchasing power of about 5 cents compared to its value in 1913.

What major event in 1971 is mentioned as a turning point for the value of the US dollar and other world currencies?

In 1971, US President Richard Nixon ended the Bretton Woods Agreement, which severed the connection between the US dollar and gold, leading to a shift to fiat currencies.

What does 'fiat currency' mean in the context of the script?

Fiat currency refers to a currency that is not backed by a physical commodity like gold, but rather by the trust and credit of the government that issues it.

Why did the value of the US dollar decrease over time according to the script?

The value of the US dollar decreased over time due to inflation and the shift to fiat currency after the termination of the Bretton Woods Agreement in 1971.

How did gold and silver maintain their purchasing power compared to the US dollar?

Gold and silver have historically maintained their purchasing power over time, unlike the US dollar, which has lost value.

What is the significance of the year 1965 in the script's discussion of the Mustang car?

In 1965, a brand-new Mustang could be purchased for 2500 US dollars or 2500 US silver dollars, which would not buy a car today but would be equivalent to two cars in terms of silver value.

What does 'MS70 silver eagle' mean and why is it important in the script?

MS70 stands for 'Mint State 70,' a grading system where MS70 indicates a coin in perfect condition. The script suggests that consistently buying MS70 silver eagles since 1986 could result in a portfolio worth 1.2 million dollars.

What is the '1.2 million dollar mistake' referred to in the script?

The '1.2 million dollar mistake' refers to the missed opportunity to buy MS70 silver eagles regularly since 1986, which could have resulted in a valuable portfolio for a relatively small initial investment.

What are some examples of exclusive and rare modern coins mentioned in the script?

Examples include a 2004 Tiffany art coin, a Julius Caesar coin from 2021, and the Montana Butterfly coin, all of which have significantly increased in value since their initial sale.

What is the potential benefit of focusing on collector's items as mentioned in the script?

Focusing on collector's items, such as rare and exclusive coins, can potentially lead to a significant increase in value over time, as demonstrated by the examples provided in the script.