Peter Hug on Investing in Gold

01/04/18 • 26 min

Chain of Wealth - Debt, Investing, Entrepreneurship, Wealth & More

A frequent speaker at precious metals conferences and in the financial media, Peter is one of a handful of experts who have succeeded through multiple bull and bear cycles using skills honed during the dramatic fluctuations of the 1980s.

Prior to joining Kitco, Mr Hug served as Senior Vice President at Guardian Trust Company, now a part of Laurentian Bank, which became one of the largest international trading houses for precious metals.

Mr. Hug developed the first precious metals certificate program and the first margin trading accounts for metals on the cash market.

Welcome Peter!
[2:48] Tell us a bit about yourself.
· Graduated from University of Toronto
· Lives in California

[6:5] Why should I consider buying gold?
· What is the motivation?
o Apocalypse
o Conservative investor
o Traders
o Collectors

[14:4] What’s the difference between buying gold and buying silver?
· Gold is more pure
· Silver follows/ out preforms gold in a bull market
· Silver is an industrial metal

[15:43] How do you actually buy gold or silver?
· Traders- futures market
· Investors- Mining sector/ buy bars

[16:50] How do I know I’m getting a fair price?
· Standard Gold delivery bars
· Kitco.com= gold charts

[19:37] Can I insure it?
· Stored with a dealer= fully insured and protected
· Store at home- can insure it with your home policy (like insuring jewelry)

Sponsors

[20:46] Chain of Wealth – Are you looking for great actionable advice you can really use to bring about a financial change in your life?

Katie runs an awesome blog located at chainofwealth.com/blog check it out today and follow her journey to become financially independent.

If you’re enjoying this podcast, don’t forget to subscribe, rate and review!

Value Link Round (VLR)

[21:20] Why do you think people fail at reaching their dreams?
· Impatient with their goals
[23:46] How can listeners get in touch?
· You can email him here.
[24:39] Any last advice?
· Think your purchase through
· Do your research

Support this podcast at — https://redcircle.com/chain-of-wealth-debt-investing-entrepreneurship-wealth-and-more/donations
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy

Original Show Notes: Investing in Gold

Mr. Hug developed the first precious metals certificate program and the first margin trading accounts for metals on the cash market.

Welcome Peter!
[2:48] Tell us a bit about yourself.
· Graduated from University of Toronto
· Lives in California

[6:5] Why should I consider buying gold?
· What is the motivation?
o Apocalypse
o Conservative investor
o Traders
o Collectors

[14:4] What’s the difference between buying gold and buying silver?
· Gold is more pure
· Silver follows/ out preforms gold in a bull market
· Silver is an industrial metal

[15:43] How do you actually buy gold or silver?
· Traders- futures market
· Investors- Mining sector/ buy bars

[16:50] How do I know I’m getting a fair price?
· Standard Gold delivery bars
· Kitco.com= gold charts

[19:37] Can I insure it?
· Stored with a dealer= fully insured and protected
· Store at home- can insure it with your home policy (like insuring jewelry)

Sponsors

[20:46] Chain of Wealth – Are you looking for great actionable advice you can really use to bring about a financial change in your life?

Katie runs an awesome blog located at chainofwealth.com/blog check it out today and follow her journey to become financially independent.

If you’re enjoying this podcast, don’t forget to subscribe, rate and review!

Value Link Round (VLR)

Previous Episode

CJ Cato talks about being frugal

Original Show Notes:Being Frugal

CJ Cato is the founder of the blog Vow Of Practicality.

Located in Austin, Texas he has a background as a financial analyst and a grant writer.

Welcome CJ!

[2:16] Tell us a bit about yourself
· Lives in Austin, Texas
· Married with 2 boys

[3:8] What is the biggest money mistake you have ever made?
· Co- owned a gym
· Life style creep

[7:35] Where did the idea for your blog, Vow of Practicality come from?
· Saw how hard people can live in other countries
· Family on street story
· Wanted to put happiness into perspective

[11:12] What is your favorite blog post?
· Most popular posts have characters
· Imaginary characters are interviewed

[12:33] What advice would you give someone who is trying to pay off debt?
· You have to have a plan

Sponsors

[15:19] Chain of Wealth – Ready to learn to master debt? We’ve got a free guide that will help you get out of debt and master your finances.

If you’re enjoying this podcast, don’t forget to subscribe, rate and review!

Value Link Round (VLR)

[15:56] Why do you think people fail at reaching their dreams?
· Because they are afraid of failing

[18:6] What is your favorite quote?
· “You don’t have to be great to get started, but you have to start to be great.” -Les Brown

[18:55] Do you have any other podcasts or books to recommend?
· Books: Richest man in Babylon
· Podcasts: Side Hustle Nation, BaldThoughts.com, Personal Profitability

[20:59] How can listeners reach you?
· Vowofpracticality.com
· Twitter

[21:19] Any last advice?
· A life without perusing your dreams isn’t really a life.
· Go after your dreams

Next Episode

Whitney Nicely teaches how to invest in real estate

Original Show Notes: Investing in Real Estate E29: Whitney Nicely

from WhitneyNicely.com Whitney Nicely went from no investments (or strategies) to 19 houses, 19 apartment units and 7 chunks of land in less than three years all bringing monthly money to her bank account on auto pilot.

She has traveled the United States speaking on stages, teaching her simple strategies, and meeting with other successful real estate investors- and still buying houses the way she teaches others.

Since 2016, Whitney has led and trained hundreds of future real estate rock stars to grow their portfolios, collect checks and achieve financial freedom.

100’s of real estate newbies are securing leads, signing deals and scaling their dream incomes through the First Deal Done Fast Program.

Welcome Whitney!
[2:33] Tell us a bit about yourself? What is your favorite cereal? Why?
· Likes cereal bars instead

[3:1] What is the worst money mistake you’ve ever made?
· Bought a house without looking at it
· Water squishing in the carpet
· Infested with bugs

[4:14] What was your first step in acquiring all of these properties?
· Started buying land
· Borrowed money from family

[5:13] What is the best advice you have for someone who is looking to be on the housing market?
· Talk to friends and neighbors
· Good deals found off the market

[6:35] Tell us about the First Deal Done Fast Program?
· Designed for new buyers
· One student did first deal in 8 weeks

[7:48] How much money did you need to invest in property?
· $10! Just skip lunch and you can start.

Sponsors

[8:24] Sponsors: Chain of Wealth – Are you looking to get out of debt? Check out chainofwealth.com/debt to find out more.

If you’re enjoying this podcast, don’t forget to subscribe, rate and review!

Value Link Round (VLR)

[8:40] Why do you think people have a hard time achieving their dreams?
· People get scared

[9:42] Do you have any other podcasts or books you recommend?
· Podcast: All real estate all the time

[9:51] What is your favorite quote?
· Proverbs 31:16- She considers a field and buys it; out of her earnings she plants a vineyard.

[10:13] How can our listeners get in touch with you?
· whitneynicely.com
· Free Ebook

If you like this episode you’ll love

DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

The DIY Investing Podcast

Support is Sexy

Your Career Podcast with Jane Jackson

Learning Life with Jon Tota

Episode Comments

Generate a badge

Get a badge for your website that links back to this episode

Select type & size

Copy