Is All That Glitters Gold?

Jonathan Satovsky
Jonathan Satovsky, CFP®, ChFC®, CIMA®, CPWA®

This week on the video blog, Jonathan talks about why investors have historically bought Gold, and whether biblical wisdom can teach us an important lesson about being lured by shiny objects. 

Good afternoon. This is Jonathan Satovsky of the Satovsky Asset Management. We’re in August 2020, and on this episode I want to talk about gold, shiny objects trust and optimism.

Gold has been going up at an accelerated pace, and historically people buy gold as a perceived storage of wealth; the inverse in trust in financial systems – governments, central banks and corporations and humanity, risk for inflation, deflation, destabilization. People perceive it as a shiny rock that they can hold.

Now, forgive me for getting biblical for a moment but this is the story of the Golden Calf where it was a test to see whether people would worship shiny objects, and chase after bright shiny objects versus trusting the heart and soul and faith in humanity and their fellow soul mates in the pursuit of a better life each and every day.

I’m in New York City and there’s music on the streets, there is jazz musicians playing and people eating at restaurants. There is a hustle, a little vibe that I haven’t felt in a long time in New York City, very much like a European street in Italy or France with little coves of outdoor seating and music. It is something that has transformed New York.

Remember, hope stands for “hold on, possibilities exist.”

So, keep forging ahead with confidence and optimism in the face of the fact that 75 percent of the population is extraordinarily bearish or neutral about the future. That mindset isn’t going to serve your heart, head and soul very well so be optimistic on your own journey to seeking wisdom wealth and wellness.

Have a great day.

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Video Recorded August 6th, 2020
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This video is not intended to be, nor should it be construed or used as, an offer to sell, or a solicitation or offer to buy any securities or interests in any strategy offered by SAM. Please remember that different types of investments involve varying degrees of risk, and that past performance is not indicative of future results. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the strategies recommended or undertaken by SAM) will be profitable. Market index information shown herein is included to show relative market performance for the periods indicated and not as standards of comparison. The market volatility, liquidity and other characteristics of SAM’s portfolio composition are materially different from the securities listed on public market indices. Market index information was compiled from sources that SAM believes to be reliable. No representation of guarantee is made hereby with respect of the accuracy or completeness or such data. Opinions are as of date of video and are subject to change. A copy of SAM’s current written disclosure statement discussing our advisory services and fees continues to remain available for your review upon request. SAM undertakes no duty to update information presented herein.

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