please make a pionts summary (with explanation of 2-3 sentences for each point) on this transcript

# tactiq.io free youtube transcript
# The Power of Saving 1/4 oz of Gold per Month
# https://www.youtube.com/watch/RDZXFj2pWIo

00:00:00.120 you don't need crazy stories and gold to
00:00:03.280 see material gains you need a pretty
00:00:05.759 basic plan and if that sounds boring
00:00:09.080 well give me a minute to change your
00:00:13.320 mind so we're going to look at some
00:00:15.519 facts and figures we're going to look at
00:00:17.720 historical performance based on a real
00:00:19.960 case of buying gold every month since
00:00:22.880 October of 2013 now this is a practical
00:00:25.720 case of planning and it's going to show
00:00:28.160 what's sticking to a plan like that can
00:00:30.199 do and when I say real case I'm talking
00:00:32.960 about my case with one deviation here I
00:00:36.559 purchased a quar ounce of gold a month
00:00:39.239 for just over 7 years before Switching
00:00:41.480 gears and buying a little bit more but
00:00:43.760 we're going to stick to that quarter
00:00:45.600 ounce a month plan for demonstration
00:00:48.640 purposes this is more about a real case
00:00:51.719 than it is about my case now if you want
00:00:53.440 to change it up I'm going to give you
00:00:54.760 the figures to do that but we're talking
00:00:56.359 about 3 o of gold a year now this might
00:00:59.480 not seem as exciting as the wild stories
00:01:02.320 in the gold space lately whether or not
00:01:04.119 the gold is still in Fort Knox what
00:01:06.640 could happen if we discovered it wasn't
00:01:09.080 and whether or not an audit could even
00:01:11.080 be trusted to begin with but I'm going
00:01:12.799 to have to stop you there because beyond
00:01:14.320 the entertainment factor of those
00:01:15.600 stories they just really aren't likely
00:01:17.479 to have a big impact on us individually
00:01:19.680 now if we get a surprise Discovery we
00:01:22.360 can have this talk again and we're going
00:01:24.280 to be talking about Gold Eagles and
00:01:25.600 premium so let's just get a quick shout
00:01:27.240 out to channel sponsored Summit medals
00:01:28.880 there are a lot of play places to buy
00:01:30.479 gold but they stand out for a lot of
00:01:32.680 reasons in this particular case it just
00:01:34.840 happened to have American Gold Eagles as
00:01:36.560 cheap as I've been able to find them
00:01:38.200 Summit medals.com so let's get into the
00:01:41.040 case if this starts out feeling familiar
00:01:43.960 to you well just give it a minute
00:01:45.520 because what I've told you about this so
00:01:47.360 far will only be half the story The
00:01:50.079 Familiar part would be that I decided to
00:01:52.600 start buying a quarter ounce of gold
00:01:54.880 each month beginning October of 2013
00:01:57.600 that was after sitting a few years out
00:01:59.200 due to the 11 price spike now if you're
00:02:01.640 thinking to yourself those don't look
00:02:03.320 like quarter ounce gold coins well
00:02:05.039 you're right now my plan it was based on
00:02:07.159 a starting budget of somewhere around
00:02:08.440 $400 that was based on freeing up right
00:02:11.319 around that amount from what I would
00:02:12.800 call wasted spending now that gave me
00:02:14.920 enough to buy a quar oun American Gold
00:02:16.560 Eagle every month and that was important
00:02:19.480 for me because I found that buying each
00:02:21.080 month was just more exciting and turned
00:02:23.480 out to be a lot easier than buying a 1o
00:02:25.760 gold coin when I tried to save up
00:02:28.200 initially that money would appear so 3
00:02:31.239 months 1/4 ounce gold coins and then I
00:02:33.160 would trade them up pay that extra
00:02:35.720 difference to buy 1 o every fourth month
00:02:38.760 now that fourth month it just always
00:02:41.800 felt a little bit more exciting now I
00:02:43.959 can't say there's logic in it because I
00:02:45.640 lost a little bit in premium but I can
00:02:47.560 say it was better at keeping me
00:02:49.879 interested so now we're all caught up to
00:02:52.400 the parts that I probably already talked
00:02:53.920 about we're going to get into the
00:02:54.800 numbers now starting from October of
00:02:57.159 2013 we're looking at 11 1/2 years years
00:03:01.000 138 months so if we add 1 qu ounce of
00:03:04.000 gold 138 times it results in
00:03:07.200 34.5 ounces currently that would be
00:03:10.120 worth
00:03:12.760 $1,740 just in Gold content now you
00:03:15.840 might be thinking cool you saved
00:03:17.599 $100,000 over the years good for you
00:03:20.280 well that isn't actually the case saved
00:03:23.519 around
00:03:24.480 $58,000 and that just happens to now be
00:03:26.920 worth 100 you can see from the gold spot
00:03:29.200 price chart here what's happened to gold
00:03:31.280 price over the years so in the case of
00:03:33.080 buying once per month 138 times the
00:03:36.720 total amount paid is much lower so if we
00:03:39.400 want to look at the math on this again
00:03:41.159 this is 12 purchases adding 3 ounces of
00:03:43.560 gold per year 138 months I'm just going
00:03:46.720 to use average cost through each year so
00:03:49.680 we aren't getting specific only to me
00:03:51.799 this table shows the year the amount
00:03:53.519 purchased the average price for those
00:03:55.400 purchases and then the total so $58,800
00:03:59.920 after premiums that's an average premium
00:04:02.239 of around 7% quarter ounce Eagles were
00:04:04.439 slightly higher than that but every
00:04:05.840 fourth purchase was right around 3%
00:04:08.760 premium so that plan to purchase a quar
00:04:11.120 ounce of gold per month has amounted to
00:04:12.879 more than $100,000 in Savings in the 11
00:04:15.760 and a half years that I've been doing it
00:04:17.918 I think it's like
00:04:19.040 $102,000 if we were realistic on what we
00:04:21.560 would get back in a sale now I know
00:04:23.160 people see these videos and they think
00:04:25.400 hey I only have 3 ounces of gold or I
00:04:27.960 only have 3/4 of an ounce of gold I'm
00:04:30.840 nowhere near this well we don't start at
00:04:33.520 the end this shows what a plan does over
00:04:35.680 time 1 qu ounce of gold turns into three
00:04:37.680 three turns into 34 1/2 11 years goes by
00:04:41.440 faster than we'd like now the reason I
00:04:43.479 started this whole thing off saying you
00:04:44.840 don't need crazy events for this to work
00:04:46.800 is that you don't I just showed the math
00:04:49.320 and it worked over 11 and A2 years when
00:04:51.280 gold didn't go to the moon now we heard
00:04:53.720 lots of people tell us stories about
00:04:55.600 imminent cbdcs Financial resets gold
00:04:58.639 revaluations return to the gold standard
00:05:01.080 but none of those things actually
00:05:03.479 happened now you might think that would
00:05:05.280 have been let down except this plan just
00:05:08.400 doesn't require hype the bottom line is
00:05:11.360 time and persistence focusing on saving
00:05:13.960 in maybe a more interesting way it
00:05:15.560 didn't need any of those wild stories to
00:05:17.960 turn into a significant outcome I picked
00:05:20.160 an amount that wouldn't disrupt anything
00:05:22.080 else I was doing saving cash for
00:05:23.960 emergencies maxing out tax advantage
00:05:26.280 retirement accounts investing in other
00:05:28.720 classes this was just a habit I created
00:05:31.080 from wasted spending I saved
00:05:33.199 $58,800
00:05:34.759 that's now worth $12 so look the hot
00:05:38.560 button topics are entertaining but this
00:05:40.319 has always been a case the tortoise
00:05:42.400 beating the hair and the race and if it
00:05:44.240 doesn't seem like an exciting way to run
00:05:46.000 a race well I'm hoping these numbers
00:05:47.720 show just how fast it adds up even
00:05:50.319 without an overnight event spiking your
00:05:53.240 Holdings so this isn't a plan meant to
00:05:55.639 be highrisk or at least not the way I
00:05:57.639 approach it it's meant to be practical
00:05:59.680 but turning $58,000 of otherwise wasted
00:06:02.240 Capital into 102 is still pretty high
00:06:05.440 reward so let's call it good there I
00:06:07.639 left out a few points in the storyline
00:06:09.440 here sold some gold toward properties
00:06:11.520 twice and that has an impact on
00:06:13.840 portfolio and on capital gains but not
00:06:16.440 on the math shown in this video for
00:06:19.039 growth I've caught back up where I sold
00:06:20.800 I passed it up even and I worked in a
00:06:22.840 few more plans over the years but all of
00:06:24.919 those are stories for other times so
00:06:27.840 let's hear from you let us know if you
00:06:29.360 have your own plans in the comments it's
00:06:31.000 always more interesting to get different
00:06:32.520 takes and then while you're there be
00:06:34.639 sure to hit the like button if you found
00:06:36.280 any of this interesting be sure you're
00:06:38.479 subscribed with notifications turned on
00:06:40.199 if you want to hear more on the topic
00:06:41.919 and if you're still here thanks again
00:06:43.680 for watching you always appreciate your
00:06:45.759 time take care
00:06:48.350 [Music]
00:06:59.919 ah
00:07:06.810 [Music]