Cash vs Gold - What Should Be In Your Safe?
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- เผยแพร่เมื่อ 29 ก.พ. 2024
- Cash vs Gold - what should be in your safe? How would you store $150,000 in valuables at home? Hypothetically. This is a question that came up in the dark recesses of Reddit. The poster had $150k in cash. I'd say there are better ways.
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Nothing in a safe. Hide it somewhere else. Use the safe as a decoy
Might want to consider protection from a fire or the like...
Been doing this for years❤
This! I keep a small document safe with motorcycle and UPS batteries in it in the master br closet. I live in a bad neighborhood, been broken into a few times, no metals or cash ever taken.
Guns, ammo, gold, silver, liquor, porn, diapers, baby formula, freeze dried food, wet wipes, antibiotics, and about $20 cash. 😂
Why store diapers? If you have shirts, you have cloth diapers..
I agree with you. I don’t lock up wealth in gold which I expect to need, which prevents the need to sell at a bad time. I’ve never sold any gold, silver, or platinum which I own at all actually. If you are in a strong financial position when u start acquiring them, you’ll love them even more. Will never need to sell at a bad time.
Never is a very long time
@@normanzimmerman5029 the sweet thing is the gold & platinum will look exactly the same 1000yrs from now as they do now lol. So, “never” works just fine for the metals other than silver. Just one of the reasons I like the physical & have no paper metals. Cool chemistry & such.
@@DrJack144 I need your eyes
An argument for using gold directly (as cash) is that, in my state at least, such an exchange avoids sales tax. A few years ago when premiums on metals were less than the sales tax rate, I could buy tax free gold, pay the premium, then trade it tax free for goods (yep, guns) at an establishment that was obligated to collect the governor’s geld for legal tender transactions.
All states should operate this way.
@@2is1goldEspecially for official US mint produced and dollar denominated coins. If the US government calls it money, its tax exemption is established at the federal level. People just need to step up and challenge the states that tax the dollar denominated coins.
@@2is1gold It seems likely to me that all of the so-called "red states" are trending towards that very thing. The blues? Not so much.
HOOKERS & BLOW ????????????? . . . ROTFLMAO . . . Priceless . . Dude - my sides hurt !!!
😅
@7:11 “That you know of.” Made me laugh out loud. Another great free CCSE (continuing common sense education) brought to us by 2. Keep on keeping on my friend. Great to see your progress. As for me, 3-6 months cash reserves, and then some gold and silver, among other “useful things.”
Lots of useful things I imagine! Hope all's well, Vert!
Another fine video filled with helpful information to consider as we continue on our journey through life. Thanks.
Love these videos!!
15k in currency. 75k in gold. And some heirloom jewelry.
Nailed it! 👍
I keep gold and silver with some cash iny safe. This is for my son just in case we end up in a nursing home they won't get it all and He will still get something.
Smart man. 👍
Doesn't matter how much I had, I wouldn't do anything different than I already do... I keep 3 months in cash, and buy gold & silver in roughly 80/20 ratio. Currently, that's right around 20oz of silver for every ounce of gold.
The stock market has always beaten gold
@@carlyndolphin Never said otherwise, but the stock market doesn't beat the tax man...... especially when handed down generationally.
@@frankw7266 only pay tax when sell the shares
Hypothetical safe contents: some gold, a few black or coyote tan long guns, some blue, black or blue-black short guns, some ammo, and some relevant tax stamps. Then there’s the other safe…
This is the way.
Very nice. Approved.
The other safe keep some fake gold bars and coins from china, even fake dollar bills from there.
most excellent!
@@2is1gold if God is not with you, still you're going to miss it
This one is easy. Gold! After discovering your channel recently I converted all the cash in my safe to gold. I have a checking account and a savings account for household expenses The gold is there to appreciate, unlike cash, and I won't be pulling $100 bill out for dinner or some stupid expense. Cracking a coin takes forethought and effort. It's a good forced additional savings! I'll be adding to my gold this year, not so much to my IRA . YMMV.
You have a great channel! 🍺👊🏼
Love your Channel brother, and your insights.
Thank you!
If I had $150,000 it probably go something like this: $75-80 thousand in gold, $30-40 thousand in silver, jewelry and other precious metals, $15 thousand in cash, and the rest on guns, ammo, safes, and training.
Training ✊
Great quote at the end. Best wishes to all
🤜🤛
Just picked up a tube of silver eagles, xx Payday and building that habit. Gold right now WOW
Thank you for the interesting video. I've thought about the topic myself and if to store gold.
Great video! I think that we'll go into phases. First phase dumping your money into assets. Right now into something that makes money. When SHTF, dump all before people figure out that money is trash. Then sell assets. Then come the gold and silver. Maybe the government will try to ban gold/silver some how. Anyone left standing will not become a slave to debt. good luck!
Let’s talk about this spike on spot today! Bought another ounce today and the seller at LCS didn’t account for the $40 jump from yesterday. In a bullion tax free state. I got a buffalo out the door for $2200. I’m happy with that. Normally, they ask +175 premium. But I used cash so they cut that a little for me.
Nice!
50k today yields 2300$ in 9 months at 4.6%. CD TODAY YIELDS A FREE OUNCE OF GOLD AT THANKSGIVING
50k in dogecoin would have yielded 16 oz of free gold in the past week
@@GoAway68655 yeah as long as you can find some sucker to buy it. Whoever does buy it & gets ripped off would be sacrificing a lot of gold in the process. Zero sum game.
@@GoAway68655Except the CD interest is a sure thing, backed by the FDIC. Same $ in crypto, stocks, etc can just as easily plummet over a 9-mo period. Huge difference, bad comparison.
@@GoAway68655could have just as easily been worth $50 at the end of the week
@@GoAway68655 dogecoin could go to zero with a hack. Gold will always be valuable and will probably increase at least 500% in cash value in the next ten years.
Gold is a savings account that is likely never to crash very hard for very long. It also tends not to lose overall value due to inflation compared to fiat.
Counting for inflation, if you bought in 1980 after 44 years you are not even yet.
@@ibbermanI think your up .019
@ibberman do you think anyone out there bought all the gold they have in 1980 and then just sat on it for 44 years, never to buy again even after it crashed two years later?
@@ibberman Sure, but then, just how many on here bought ANY gold in 1980? Even of they did, their DCA purchases of gold over the years likely handled inflation quite well.
@@edb3877 Well I did, but it's just food for thought for a new investor. Don't go all in, but dollar cost average. Timing the market may not work out.
Nice video!
The first $10K goes for a AMSEC TL-30 HIGH SECURITY SAFE. The remainding $140K would be around 1,400 rolls of pre-65 Roosevelt dimes.
@DrSchor Hi, there.
So you do not invest in gold? So you take everything out of the point.Any idea about credit unions,? BASEL 3 Make a difference? Will you let us know why those dimes are so valuable. Thank you so much
100k gold, 25k constitutional silver, 15k cash, 10k in survival and safety supplies (pew pew’s, water sanitation, seeds, and fuel)
I would have small gold coins, valcambi combi silver, a roll of tp, 😅, a few pieces of quality jewelry for trade.😊
Good shit‼️😄🍻👍
🍻
I think everyone should have a monster box of silver eagles at least 10 oz's of gold and cash in the safe. I'm definitely not there yet so I hope we continue to see price dips and affordable purchases for ten more years as I keep stacking. Definitely don't see that happening but can hope.
I think diamonds would be an interesting store of value but I still need to learn more about it. Too many factors to consider when pricing an individual diamond
A safe can be cracked very easily, have a security system for that. If there's a fire at your house, you only have so much time before your metals will start to melt. Third option is to bury it where only you know where it is, last option is the interior of the home but then there's that fire again.
Thank you for the video.
Have a good weekend!
@@2is1gold . You also my friend.
Crazy idea 4 a show
Great video, buddy
Thanks!
Sweet Baby Jesus! and that's all I have to say other than thanks for another Cash vs Gold 🚀 What Should Be In Your Safe video. 👍👍👍
🤜🤛
$150K? Well I don't see much need to have more than $10k in cash. Covers a couple months expenses and 99% of emergency situations. Rest would be Gold, Silver, and Lead for those other things that Lead goes with.
Lead works well when buried at sea
More cash means more buying power
@@Cryostal It does if the cash isn't replaced by a CBDC or some other darn fool thing.
@@edb3877 The value of physical cash would sky rocket up, because it's familiar, easy to trade with, untraceable, and there would be high resistance to something like CBDC. Worst place to keep any currency or valuable at that point would be the centralized banks.
Ah those lead-tipped hole punches that were invented some centuries ago? I know a lot of collectors in the reverse-osteoarchaeology field those are especially popular with.
They like them for certain government documents or something like that, I wouldn’t know.
Great video brother thanks for the info have a great weekend 🥃🥃🥃
Thanks Nate! You too! 🥃
For the youtube algorithm 😎✌️... Me personally I keep 3 - 4 months of living expenses in cash... 2 years of living EXP in gold and 1 year in silver... My cold wallet with btc (3 MO EXP) Important documents, and a few guns with ammo.. 😋. But I do have gold and silver pieces that are numismatic / key dates and I don't really count it as part of my stack.. that's more or less my life insurance policy for my family when I pass
shout out for mentioning important documents!
@@wda-59-14 yep you always got to keep some of your important documents at the ready.. never know when you're going to need everything in one place so you can just grab it and go... but it's also prudent to have a backup thumb drive too... me for example I have one on my keychain that's the size of a fingernail and I gave my wife one too so if we ever had to prove documents or something along those lines we have it... never know
any money you have in your bank account belongs to that bank. you sign over the rights to your money, to them. if you have $50k in the bank and they wanna keep it all for themselves, they can legally do that. so i keep only the bear minimum in the bank for bills, a little cash on hand at home and the rest in metals. another good tip is never keeping all your eggs in one basket.
250 k is insured.
I'm not saying to keep that much, but 50 to 100 k I am comfortable with.
@@tingtong5898sureeeeeee trust the goberment 🥴
Wrong
@@tingtong5898I wouldn’t put that much faith in the FDIC Fund. They used a lot of it last March with the bank failures. They insured SVB depositors in full when they were only supposed to insure them up to $250k. That money was meant for small depositors at other banks. Yellen also said the FDIC board votes on whether a bank’s depositors should be insured or not based on whether that bank has a big enough impact on the entire financial system. So in other words, if they deem your bank is small enough, they won’t vote to insure said depositors.
Sadly I lost all my gold and guns in a boating accident offshore in 8,000 feet of water and I don't remember exactly where I was when the unregistered boat went down.🤷♂
One thing I buy and or do not get rid of is...clothes! Seems a bit eccentric, but it will get hard to buy simple items that are made overseas, which is where all clothing is made. And with the ongoing damage to the distribution networks and inflation, your jeans will cost $100 or more if you can get them. I rotate out my clothes while they are in good clean condition. I donate some of course. Includes coats, socks, etc.
Before my safe tragically fell into the lake. I had some gold, some silver and few pew pews.
Tragedy!
😢
As with all of my guns
That's a shame
Where’s the lake? 🏊
Thank you for the video. Well, today I did sell 1-1oz gold Krugerand, 1-1/10 oz gold Krugerand, and 100 ASEs. I knew the 1 oz AU Krug wouldn't even sell for spot price, spot minus $38.00 is what I got. The 1/10th oz au Krug went for $211.50. The ASEs went for $1.00 over the spot price. This was an online dealer. The other online dealer I turned their offer down. They offered $0.25 below the spot price on the ASEs. She told me they were having record by back for silver and they would not offer me more. Imagine what it's going to be like when the price for PMs really takes off. I'm going to start laddering out on the silver.
Curious as to why a Krug in any condition isn't getting at least spot.
I've been pretty successful using Goldbacks here in Michigan.
Keep 10k in cash, 4 tubes of Silver eagles, 6 10 oz silver bars, 10 gold eagles and 6 gold Buffalo’s.
Day Dreaming Safe Items:
10K in Fiat (USD)
1-2 (BTC)
50K Gold (1/2oz - 1oz bullion / coin )
5K (1oz Silver)
1-2K (Junk Silver)
1 Stainless Steel Recognizable Entry Tier High End Swiss Watch - Rolex Submariner or Date Just or AP Royal Oak 15500ST
1 Bible
*rest in CQC PEW PEW / Lead & Basic survival items
A limited amount of both. $50,000 anything of value at home is just asking for home invasion
"That you know of." Lol
😂
Gold, silver, lead, and enough Gummi Bears to last a few years.
See, now we’re into real talk. Nobody’s happy when the gummy bears run out.
Great video 21. I'm interested to see how you spend your goldbacks. Hopefully you'll do a video. Have a great day brother.
Thanks - you too!
My safe has never been in my home for one thing. I have a small safe at home for a few items. My real safe is elsewhere.
If someone handed me money 10k 20k 30k 50k 100k , I would take half of it and buy gold and keep the other half in cash in the safe. Thats if I already had stocks.
🤜🤛
Why not buy a lottery ticket?
You wouldn’t put it in savings?
@Dylan.More-Veiny savings account is just like cash they don't even pay 1% interest. I rather have gold than extra money I don't need in the next few years in cash pr as you say savings. Cash is a depreciating asset at least gold keeps up with inflation. And half cash well you always need some cash in case of fast emergency.
@@Frdtsl can you tell me what spot price means? Is that the price of an ounce of gold at the time?
A new truck in the garage. 60k in gold and the rest in stocks.
Stocks way over valued now, wait for a big pull back.
Truck? That's a depreciating purchase, not even an asset unless it's a capital purchase that you profit from owning. Stocks depending on your age and risk tolerance. Gold? Average track record past 30 years. And past 20 years, and past 10 years. Commercial R.E. in a growing city gets my vote for part of a person's worth. A good business that you understand is good to own also. $150K isn't a big sum to work with, 5% CD is a decent deal at the moment. I've owned gold/silver coins since 1999, and yawn. My business is the best ROI by far. Gold is subject to the variable world events that nobody has any control over. The well off people I know are all business owners from plumbing to jewelry-fast food and financial advisors. Most MD's. Attorneys are so-so. That's 40 years of observations.
in my safe i have 1 half eaten apple 1 old slipper and a loaf of 3 day old bread
Should have some of both for an emergency.
800,000 Chinese citizens all scrambled to buy gold last week...
You should always have both in your safe. Never rely on plastic or digital payments,these two types of payments are useless without power and a internet connection/ mobile phone signal.
@@DrSchor cash and precious metals !
Ive worried if I had a fire the safes don't really protect paper.If the gold melted it would still be there
#1 - I do not have safe . . . #2 - I would tell you I have a safe . . #3 - I buy my stuff in the back yard . . . . But NOT in my back yard . . My neighbors have no idea what is in the yards and nor do they know where . . ( EYE) I am the only one that knows where and in who yards . . . I have those special cynlindrical containers & GPS is a really GR8T thing
Gold is good worldwide
"...that you know of..." 🤣
😂
“Why are you posting this on the internet” lol my coworkers mustve heard me
😄
Cheers
🍻
Savings vs. risk.....all up to you! Would never post pics, but......gold and guns?????
The pm website In The Vault says you should never keep more than $10k in your home safe. So I guess everyone disagrees with that?
I have guns in my safe. And my Rolex that I stopped wearing. 🤣
I bet you do!
@@2is1gold I have hundreds of bottles of wine
My target on Gold is at minimum 50 ounces. Slowly working towards that with 1 oz per month. I was able to buy a Lunar 2020 year of the mouse for < €2000 what was a bargan. This was extra. Cash target is 25k. Silver 1k.
If I had that much to play with I'd probably keep $15,000 in cash and the rest in gold. I think it's wise to keep some cash available because you never know. The rest in gold because it's an obvious choice, at least for me
🤜🤛
Nice no nonsense video…love the common sense
Thanks!
"that you know of" lol
May You Live In Interesting Times
The stock market has outperformed gold every decade apart from 1999 to 2009
I don't think there will be much bartering with precious metals, but that's an argument for another day, so let's say this market does occur: gold is just not liquid enough in that imagined scenario. If you think bartering will occur, you'll need a LOT of silver. You can't show up at a farm hoping to trade for a couple chickens or a dozen eggs with even a 1/10th ounce gold coin. Gold is to preserve your purchasing power into a reset. Silver is for bartering.
Guns, goats and gold.
And people who can divine water and secure food
Guns, girls, guitars and gold.
@@ibberman still forgot God
@@normanzimmerman5029 when it comes to a crises or world war, food and water are much more important than gold
50%AU 30%AG 10% Crypto on hard wallet 10% cash and little PB / Black Powder but need a safe and 100k first.
There are those that make things happen (1% elite),
there are those that watch things happen (economists),
and those that wonder what happened (the middle class).
This was a fun video made me actually sit back n think. 15-20k cash. 15-20k cold storage,and the rest split in metals gold/lead pew pew. As much as I hate to admit it Bitcoin especially is not just popular with the younger generation. Certain countries seem to really like it so unless it's a world wide shtf it well have value somewhere
Yeah, I know a lot of kids in their 40s who swear by it too! 😄
@@2is1gold Yeah? Well us codgers our here swear AT it! lol
Hah! I saw that Reddit post. r/Gold just seems like a list of poor choices (i.e. photographs of your valuables.)
Cash gold silver stones and tracker
Been stacking for a little more than a couple decades so I've got what I consider a decent stack of silver and am relatively debt free with the obligatory EMG fund, that being said if I came into a windfall of $150K I'd have to put it all in gold, a couple of kilo bars would effin cool as hell.
I know of a gun store that takes gold, and Goldbacks, and they are not even in one of the Goldback states. :-)
BDS9! 😄
@@2is1gold GRP Recon Commander size for people with class and taste! 😂
Good information here ! FJB 💕😺😺🐕🐕🐕
I'm thinking you'd have some nice pocket knives in there...
One or two. 😄
I don't hardly keep any cash on hand. When I keep cash on hand, I always end up down at my local coin shop buying silver;-) My emergency fund is credit cards ($100K in borrowing power) then gold/silver in my safe. Of course I have investments that I could liquidate to then pay off those credit cards. Why hold cash if you can make yield on it?? If the system crumbles and you can't get your cash out of the system, a bunch of toilet paper dollar bills ain't going to get you very far. Guns, Gold, and God at that point.
I can see the non-yielding part. I’ll go to my grave having enough cash to buy into a big game, though. Just in case. 😄
"Guns, Gold, and God at that point."
Four Gs: Guns, Gold, Guts, and God.
I don't see any reason to sit on more than a few hundred in cash. If everything goes down, are they really going to transact in paper currency? Could they make change? Is what you're looking to buy even for sale? Give me 5% in a HYSA.
If I had $100,000 spare cash I would do the following, assuming I already had a 6 months emergency fund.
1. $80K global ETF fund
2. $18K gold
3. $2K bitcoin
First off I personally wouldn’t keep that kind of cash 💰 just sitting around not working for me.
That guy on Reddit would be much better off parking his cash in a high yield savings account or CD.
Possible he was a Russian outfit guy.
@@2is1gold mobster or maybe just Yankee 🤣
Cash: 13.33%
Gold: 66.67%
Silver: 16.67%
Other Assets: 5%
I would suggest moving 12% to treasury bills. Of course when they’re over 2.5%
@@acewild9689 Currently 5.4% for 6 months and 4.5% for 2 years, and a mix in between.
solid ratio!
2/3 of your portfolio in gold is a bad idea in my opinion even though that stack probably looks amazing. I would have 7-10% in stocks
I would add a few cans of spam.
2500 oz ag. 25 oz au. $2500.
Acquisition order: Lodging, Water, Food, Medicine, Heat source, guns and ammunition, cash, silver, gold (in tiny increments), fellow preppers, transportation, Alternate power source, tools, strong mind, strong body, etc,
Great video thank you for sharing. How many gold backs are in the strap? They look great. Nice novelty and a fancy collectable. As to it competing against the USD seems a stretch. Businesses that take this item, what do they do with it? So they become their own banks or do the named State Banks take them with the normal deposits?
Goldbacks the math doesn't work for me. 1/1000thoz; $2333/1000=$2.33. Yet at ~$7; 7x1000=$7,000.00oz. $7000-2333=$4,667.00 per oz in this format wow I think NO.
Do you happen to have the reddit link? If so can you share in the BIO thank you sir.
It was a completely unrelated sub and a strange flex. Didn’t want to create the wrong context around his intent.
Gold on a tear today, $2084 right now, to sell some oddball Gold & either buy standard Buffalo or Treasury or Bitcoin??
🤜🤛
What REALLY sucks about gold vs cash is you always run out of cash frequently but your gold goes up and doesn't go down. You feel like a fool holding an ever growing "long term savings" and not as much short term savings account. Deep down its just a mentality thing because we were educated as "paper good, paper is real money" and it is hard for many to ditch that mask... Erm, that fiat.
" but your gold goes up and doesn't go down." WOW, well OK then.
@@ibberman The weight/ounces, not the value in fiat.
Question…whenever you talk about selling and you say get it for spot price, what is spot price? Is that the price of an ounce of gold at the time?
@@DrSchor lol take your stool softener and get to bed grandpa
$25k Invidia stock, $20k AMD, $5k Amazon. Easy!
WHY did you buy gold backs ?? ... What value do they bring to the table if any ? ? ? ..... Please do vid on this & provide INDEPTH info . . thank you . . ME?? .. I sticking with what I know - PM in my hands
Nice Grimsmo
100 in gold 40 in cash and 10 in junk silver