Welcome to our latest blog post on the Gold Millionaire Club – the exclusive club that grants access to the top 1% of the wealthiest individuals in the world. In this post, we will answer the question that many of you might be asking: how much gold do you need to be a member of this coveted group? We will delve into the nuances of this question and explore the various factors that come into play. So, if you’re curious about what it takes to become a part of the Gold Millionaire Club, read on!
How Much Gold Do You Need to be a Member of the Top 1%? Discover the Gold Millionaire Club
Have you ever wondered how much gold it would take to be ahead of 99% of the world? A recent YouTube video by The Gold Millionaire Club explores this fascinating question and provides some helpful insights.
Introduction
The video examines the wealth distribution across the world and applies it to gold supply. According to the video, Credit Suisse’s wealth distribution pyramid shows that 86% of the world’s entire wealth is in the hands of only 13% of the population. This means that the vast majority of people have a relatively small amount of wealth, while a small percentage of people have the lion’s share.
If you want to be part of that small percentage, how much gold do you need to own? The video provides some interesting calculations and insights.
Here are some key takeaways from the video:
Key Points
- 208,874 metric tons of gold have been discovered throughout history.
- If central banks’ supply is removed, each person potentially has 0.7 ounces of gold.
- The sample population of studies measuring private gold or silver ownership is too small to be useful.
- Owning three quarters of an ounce of gold in any form would put an individual above the average possible amount each living human could have.
So, to be a member of the top 1% of the world, you would need to own a significant amount of gold. Specifically, you would need to own more than three quarters of an ounce of gold. This may not seem like a lot, but it is more than the average amount each living human could have.
How to Purchase Gold
If you’re interested in purchasing gold, the video also contains helpful links for buying gold coins, storage, and other products. However, it’s essential to be careful and do your research before investing in gold. The content creator clarifies that they are not a financial advisor, CPA, or attorney, and the links in the description may be affiliate links.
Here are some tips for purchasing gold:
- Research your gold dealer before making a purchase.
- Avoid buying gold from online auction sites or classified ads.
- Consider purchasing gold from a reputable dealer with a long-standing history in precious metals investing.
Conclusion
In summary, owning gold can be a great way to build wealth and protect your assets. However, it’s essential to be informed and do your research before making any investments.
By owning more than three quarters of an ounce of gold in any form, you would become a member of the top 1% of the world in terms of gold ownership. So, if you’re interested in joining the Gold Millionaire Club, start investing in gold today.
FAQs
- Is gold a good investment?
Yes, gold can be a great investment for building long-term wealth and protecting your assets.
- How much gold should I own?
The amount of gold you should own depends on your personal financial goals and circumstances. However, owning more than three quarters of an ounce of gold in any form would put you above the average possible amount each living human could have.
- How can I purchase gold?
You can purchase gold from reputable dealers, online retailers, and other sources. However, it’s essential to be careful and do your research before investing in gold.
Some tips for investing in gold include doing your research, buying from reputable dealers, and avoiding online auction sites or classified ads.
- Is gold ownership for everyone?
No, gold ownership may not be suitable for everyone. It’s essential to evaluate your financial goals and circumstances before investing in gold.
