Looking at the US Bureau of Statistics, under the Consumer Price Index, one can notice that in the last quarter of this year, stocks are not really doing well, especially energy stocks as they seem to be below the zero point. However, I don't know if stocks will quickly rebound as I have no clue the direction of the market. Can I get an advice on any other stocks that I can acquire to diversify my reserve of $300k across multiple markets while creating a comprehensive portfolio.
Avert too-good-to-be-true con tricks. Consult a fiduciary counsellor; these professionals are among the best in the business and offer individualized guidance to clients based on their risk tolerance. There are undesirable ones, but some with a solid track record can be excellent.
For you to grow your portfolio in today’s market, you really need to be coachable and willing to get off your high Horses. I for example, have managed to grow mine from $150k to 300% of my initial deposit within the past 8 months just by copying trades from a broker that has better skillset and technical know-how than me.
@@KelvinWallace I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like Colleen Janie Towe who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
In the original Hebrew Bible (before the translations), the word for "money" is the same as the word for "silver." This is true in other languages too. "Silver" and "money" are the same exact word. Silver has always been money and hopefully always will be.
@@gmanlee575 in Chinese the word for 'bank' literally means 'silver exchange'. I don't think silver was seen as less precious than gold, merely that gold was not money and instead seen as jewelry or highly symbolic. When the Imperial Seal was damaged, gold was used to repair it. One would not have used a comparatively less valuable material to restore the most important and valuable symbol of the emperor's authority, legitimacy, and power.
There are clear risks with burying your stack, but I think the biggest downside is access… how many times a year do you access your metals? Now try it with your stash buried (in one or more places). Thus, my rule #7… Slap’s “Eleven Rules For Storing Gold & Silver At Home” 1) A safe advertises hidden valuables, but if you must use a safe, bolt it down and load it with VERY heavy weights. 2) Store some decoy/sacrificial coins/cheap jewelry in an easy-to-find location. Then hide the good stuff well. 3) Unless you use a safe, NEVER hide your stash in a bedroom or bedroom closet. 4) Same as #3, but insert “study” and “pantry”. 5) Forget hollowed-out books, fake soup cans, etc… your stack will be stolen in less than 5 minutes. 6) If using a desk, bookcase or shelf, make sure your hiding spot won’t be revealed if these are tipped over. Because they WILL be tipped over. 7) You WILL want frequent access to your stash (to add to it, look at it, or (god forbid) take from it)… don’t make access difficult (behind drywall, buried in the yard, need a sledgehammer to get to it, etc.). 8) Unless using a safe, the best spots are in plain sight and LIKELY TO BE OVERLOOKED, or they’re multi-layered (meaning you have to move this, shift that, lift this and open that in order to access your stash). 9) Make sure someone you trust (spouse, financial planner, estate attorney, etc) has a sealed “open in the event of my death” letter describing where your stash is hidden. 10) With the exception of #9 above, NEVER EVER talk about your stash or that it’s in your home. 11) Never use a hiding spot that can be discovered by a contractor doing work in your house or yard. KEEP IN MIND: The average home burglary in the US lasts just 11 minutes! Thieves want a quick hit-and-run.
I think there's other risks. Yes; theft is high on the list. The first rule of your PM's is: do not talk about your PM's! (I don't even like to buy online, the feds will surely know you have it and, if you have some, they'll presume you have more.) That said, there are other risks you didn't mention. First, the price can fall faster than inflation. It can fall very quickly as we've seen. No; never to zero but far faster than the dollar is falling and if that just happens to be when you need the fiat, well, you're kinda fuqued. Second, and this is a biggie: watching youtubers will easily convince you that the sky is falling and get you to over extend yourself. This happens to a lot of folks. If you don't have your debts paid off 100%, and three to six months of fiat currency in your safe, you don't have the money - yet - for precious metals. Alright, a $100 purchase here or there is okay. But, if you're scouring metals websites for deals weekly, and you haven't met those conditions above, move your cursor and search for budgeting techniques or a second job to get there. Then stack away. Not before.
@@buyerofsorts That was done by FDR to purposefully devalue the dollar. Nowadays, making the ownership of gold illegal is not necessary to devalue the dollar.
Ok, after watching about 20 of your videos, I guess I will subscribe now haha... FYI, I just made my first SDBULLION order, I have a hard time buying from anyone else from my normal seller, but I will compare shipping, timing, communication and prices etc... youre probably the easiest TH-cam guy to watch full videos of. Everyone else is annoying. Thanks
SD is one of the more expensive online dealers out there. I have bought one time when Doc's Deals had a pretty good offer. Usually I buy from Hero or Monument Metals. My LCS is about the same price as SD, so I don't buy there much either.
@fathermetallica94 liberty coin in Huntington Beach CA is the best I've ever dealt with. Super fast shipping, signature required over $750... I've NEVER had an issue with them and I've spent over $10k with them. They have like a half a million 5 star reviews for a reason...
With a few exceptions, you cannot move to another country with your gold and silver. You are stuck in the country in which you live. You can move to another country only if you convert your precious metals (at least temporarily) into a fiat currency.
Finally, someone gives the correct definition of "inflation", rather than the feeble-minded who think that the word just means "prices are going up". They decouple cause and effect. As for protecting my silver and gold? Well, I also keep a good store of lead on hand for just-in-case. And if someone is stupid enough to go for it, well, I'm not getting my security deposit back.
Life comes at you fast, from bank collapses to rising conflicts and the looming 2024 recession. Ditched cash for gold and crypto; my portfolio's thriving.
I am immensely thankful to Bianca Faye Lindsey for her mentorship, witnessing significant daily advancements in my portfolio since our collaboration began, Truly Grateful.
Her guidance changed how I invest. I used to chase fast profits, but now I prioritize long-term plans. The outcome is clear: my portfolio is steadier, and I've reached financial goals I never imagined. This experience has truly been a blessing.
Prior to world war 1, the gold sovereign (containing 0.2354 ozt gold) was Britain's £1 coin. At the current spot price, you'd need £384 to exchange for one sovereign - over £400, including a small premium & delivery. That gives you a measure of the devaluation of the pound sterling in the last 110 years.
Yes, gold is a great hedge against inflation if the alternative is just holding cash. But you need to understand that inflation works on both the cost and the income side over time. Gold is a great way of preserving wealth and diversify your investments with a very low risk-low reward asset, but lets be real here. Unlike 1 USD, 1 oz of gold represents about the same amount of buying power now as it did 100 years ago, but it's not like the percentage of the global population who can afford 1 oz of gold on their monthly income has dropped dramatically in the same period.
@@henrikjohansson6629 The amount of gold in the world has not increased as much as the population has increased over the past 100 years. My gut says that requires the amount of gold a person could 'afford' to have decreased accordingly, but I haven't a mathematical proof for that. However, in 1934 the average income in the US was $471, which was equal to about 23.5 oz of gold. Today, the average income in the US of 37,500 is equivalent to 17-18 oz of gold. In terms of gold the average American makes 25% less compared to 90 years ago.
I give each of my grand nieces and nephews a gold sovereign for birthdays and Christmas. All 7 of them. But I got them when they were really cheap, and I am shocked at the prices now!
Many think it's crazy, but I think a safe place is safe deposit box at a reputable bank. Unlikely to get stolen, and a banking crisis should provide warning to retrieve it. Even if you don't in have time before a temporary shutdown, the bank doesn't have any claims to the content. Even Silicon Valley Bank was only closed a few days.
Unlikely to have access at a bank if SHTF, and banks don't advertise when they are going to stop letting people withdraw. Laughable that "if society shuts down bank tellers will still be working and follow the laws" It's like keeping your gun at a gun shop, it can't help you NOW, and other people will already be there seeing what's left.
Private offsite vault w/24h access + insured = happy stacker. Slightly increases my cost-per-oz, but that's ok, as the long-term value increase will easily cover this cost to secure. Or maybe I just am paranoid, but either way... "Is it secret? Is it safe?" -LOTR
Money by definition is widely accepted “ payment for goods and services. “ Gold and silver is not widely accepted for goods and services . Therefore it does not fit the term “money” . that being said I like gold and silver better than the USD . It is a better “store of value.”
@@CornDogShaun yes, all fiat currencies fail over time and are no longer accepted as payment for goods and services, because it loses all of its value from government printing. At that point it is no longer “money “
@@davidortiz3094 so you’re buying your groceries, paying your rent/mortgage, paying your utilities with gold and silver ? Look up the definition of money because you clearly don’t know what you’re talking about.
Gold and Silver has been sound money for thousands of years. In fact, Gold and Silver is Legal Tender in some states in the USA. Gold and Silver is accepted in every country on the planet. USD unfortunately is not. Also the world is dumping dollars. Great time to be a stacker. Peace and Luv be with you.
It would be nice if you guys would tip off that a particular episode is for newbie’s. I understand the importance of getting the message out but also be considerate to your loyal subscribers. I’m getting tired of hearing the benefits of holding PM’s. I get it, just give a heads up at the beginning of an episode that it’s for those newer to this subject. Thank you 🙏
I've got a question. Say CBDC's become real and cash becomes eliminated and every transaction is tracked by prying eyes. How on Earth can someone holding gold actually trade it without getting caught??? I can understand that silver can be traded for chicken eggs but a gold coin will be very valuable and if you take it to a local coin shop and try to cash one into CBDC, I would think you're going to get caught.
I think this is a legit concern. I think the thing to do is liquidate before an LCS can only pay you in a CBDC. Especially since all the LSC's are about to go out of business. Have not seen this addressed in any video urging us to buy because CBDC's are coming.
I believe if you're spending more than 10% of your take home pay in precious metals you're over extending yourself. But I'm spending all 10% as Long as Silver is below $30 a ounce.
My biggest worry is actually the risk of buying fakes. Even more than the possibility of losing my stack in a fire or to a robbery, I worry about counterfeits.
Actually, gold and silver only have the value of what someone is willing to give you for them, just like any other item. There is no intrinsic value in them. Nuclear war happens, for instance. Clean water and food will be the most valuable things. Gold can't be eaten or drunk. So you will need to find someone that places a value on it in order to trade it. There was a time that a copper knife was valued far more than relatively soft gold. Gold and silver have always been decorative. That's where its value ended.
@@hubster4477 Can you name a historical shtf scenario in the last 2000 years where silver permanently lost its intrinsic value? I'm not aware of any. And I'm aware of several historical times where it was a Lifesaver and provided people a way out of harm's way. But happy to learn, if you can give some examples.
Best tip. If you decide to bury your PM's in your yard somewhere make sure you scatter a bunch of nails everywhere in your yard. This will help throw off any people with metal detectors trying to find your stash.
I don't think I would use nails, I would use nuts and washers, where I live the freezing temperatures with frost would raise the nails to the surface and I would get a flat tire on my lawn mower, but that is really good advice thanks for sharing 👍
@@stevemacdonald9456 The modern penny made since Reagan debased that coin will have a very limited existence. If the copper jacket gets a nick or scratch, the zinc inside reacts with the jacket and they both dissolve into nothing. Pennies made since 1984 will be as rare in the future as the steel pennies of WWII. Any steel penny left outside simply rust away.
I think the biggest risk is you start watching youtubers who take their 30 silver coins and try to pump mining stocks and uranium and all sorts of crap that you never actually own. Can't stand pump n dump scammers
You can make one of those pipe thingies you bury in the ground, cheaply. Just get some schedule 30 or 40 pvc pipe at the hardware store and buy the end caps and glue them on with the cement sold for the purpose.
Decades from now we could be mining gold and silver from asteroids which could cripple the market. I only mentioned it because you used decades in your example for fiat currency. 😀 Also, a potential danger for the dirty man safe is if an employee gets access to your address or they are hacked. In my old house I hid a safe behind a bathroom tile. You had to press two corners of the same tile simultaneously for it to depress and pop open 😀
The second danger is, the market for gold and silver tanks. Happened many times before or the government demands compulsory purchases so you have to sell to them. Again already Happened.
I love gold and silver, but I think calling it money is silly. Try taking that coin to a store and getting anymore than 50$ worth of goods. If we consider we have to sell gold for money, just like stocks, silver, or any other asset or commodity, it becomes apparent it's not money. It holds its value and increases in value, but it's not money.
I don't get you guys. If there is a real catastrophe and I have some food and you don't. And you came up to me and was like hey man, I wanna trade you my silver for your food. I'm gonna laugh my butt off and walk away with a full belly. And as far as a hedge against inflation. That's laughable. Come on man. The premiums on gold and silver are ridiculously high and negate any advantage of stacking it up. Its a nice hobby and its cool. Its not a real alternative in a crisis. Think it through. 🤔
Silver Dragons, what is your thoughts on SD Bullion delivery time after order placed? I have several orders placed and it appears from the time order is placed to the time it will be delivered is about 2 weeks. Even with FEDX $14.95 delivery charge it will take about 10 days before you receive your order.
So riddle me this: when gold loses 10% of its current value and drops to around $1,800, does that mean Federal Reserve notes suddenly gained 10% value? Gold is fine for some things sometimes. But no bank teller ever tried to tell me that a dollar is worth a premium one day and barely worth spot a minute later or maunder on about how pretty and rare it is. People are in business to get Federal Reserve notes for metal. No one gets rich selling dollars for metal.
You’ve cited how much gold has appreciated over the last hundred years. How many dollars an ounce of gold can buy today versus how many it could by a hundred years ago. That’s interesting. But consider the power of industry. How much penicillin or insulin could any amount of gold buy a hundred years ago? There is no real risk of hyperinflation in the US, UK, EU, Canada, Australia. Every time a miner extracts iron or petroleum from the ground, the amount of money in the country increases. Every car rolling off an assembly line, every book that’s published, every satellite that’s lifted into orbit increases the amount of money in the country. I like gold and silver as much as the next guy, but have a portfolio of stocks representing an index of the total market, has increased steadily year after year for the past hundred years, for surpassing the appreciation of gold.
Wrong - I'm from Europe and I have witnessed 3 currency changes in my life, every time money was worth less. The Euro will fail someday and then I don't wanna stand here with nothing more than toilet paper. All FIAT money will fail someday, because all of them failed in the past. The question is not if , but when it will happened....
I think the #1 Risk is buying FAKE PM's. Sure, there are counter measures, but how many Stackers, even seasoned Stackers have bought fakes or been SCAMMED. The only reason we don't hear about it as much, is b/c people are EMBARRASSED to ADMIT that they've been duped. More people get scammed than get robbed. Now...all of this being said, getting SCAMMED is a form of THEFT. Just know someone was going to say that
@@DrSchor , I'm not saying their whole stack is fake. I guarentee you that SD🐉, Yankee and other prominant Stackers have bought a fake before. Even Harry has bought fakes. They all say they have and admitted it. So not sure what your point is...
Look, I follow your channel with great interest and appreciate the content because I like stacking gold and silver as a way of portfolio diversification and risk mitigation. But, saying that all FIAT currencies will eventually be worthless is alarmist and conspirational thinking. FIAT currencies will always inflate, but as long as there's a central bank supporting it they will not be useless. In fact, over the long term, cost of living increases because of inflation are always matched or exceeded by income increases. That's an easily verifiable fact, because if it wasn't so we would all be poorer than we were 100 years ago, and that's simly not true (quite the opposite if fact). The only thing that would lead to a major currency being worthless is a complete collapse of society. That may well happen, but if and when that happens, I think you'd find it a bit difficult to find buyers for your precious metals as well 😊
Probably misleading to say that you are “not really buying anything” because you indeed have to sell silver in order to buy anything with it. And since you pay a premium to buy silver, you probably won’t get the same amount of money back unless it appreciates above the premium you paid. This will take time. Make no mistake, silver is not money unless people will give you goods and services in exchange for silver. That’s not the case right now. Therefore, you’re buying an asset, and you pay a premium to buy it.
So many risks involved. Theft is one. You could also lose your metals in a fire or an accident. If Russia suddenly decided to release its gold and silver reserves into the market (unimaginable amounts in stock), the metals would lose most of their value. The risk of fakes is real, if you don't take precautions or test the metals you buy. The list goes on. The bedt way to save your money, in my opinion, is to diversify and spread the risk. Buy some metals now and then, but not too much or too often. Invest in stocks and markets, have some money in the bank, but save them in different currencies. In my country, Norway, the far bedt investment, being long or short term for the last 70 years, is real estate. So if you have the opportunity to buy, even the smallest of apartments in a major town or city, do it. Peace out.
The value of anything is whatever anyone will pay for it. There is no effective difference between "fiat currency" and bullion. Silver and gold have not kept up with inflation since their highs. It's all semantics. I stack silver because I like to have diversified assets but it's still dependant on other people's perception. There is a very good reason why the best investor in the world, Warren Buffett, doesn't bother with precious metals.
The only risk in buying silver or gold is when for financial reasons you need to sell and the price fell considerably. So the combination of hard financial situation making you sell and price of metals going down. Where that risk is eliminated is by holding onto your silver and gold for a long time. Maybe ten years
The charts are misleading. If the dollar has only last 97%, that would mean that the silver dollar is worth about two dollars. But it's not it's worth about $20-$30 which means that the paper dollar has lost around 2000% to 3000%.
Not even remotely how that works. The exchange of metal to fiat currency is decoupled entirely from the purchasing power of fiat currency in terms of necessary goods.
Since 1964, when they changed from silver dimes to clad dimes, gas did not go up 97%, it has gone up around 2000%. You can still buy a gallon of gas for two or three silver dimes.
Since 1933 when they took the dollar off of the gold standard, the dollar has lost about 10,000% against gold. Because the $20 an ounce gold is now $2000. The ounce of gold still buys the same amount of goods, but the paper dollar buys 10,000% less Or 100 times less is the same thing as 10,000% less.
you need help. fast. like yesterday. first, you need to learn there is always risk have you never heard the stackers number one mantra, if you dont hold it , you dont own it. Your deposit box can be sealed you can with draw from your deposit box and sell at a bad time etc I truly pity guy like you who should not be buying PM at all. or buying anything at all. sad.
The best place to bury gold? Not on your own land actually but national forest land. Just remember where the hell you buried it and be sure there's not a pipe line coming through the area!
😆 Inflation predates fiat currency by centuries. It has multiple causes including, but not limited to increased production of supply. We’ve had multiple instances of severe inflation before the central bank or fiat currency
Yikes! I am worried about you and the viewers who depend on you for advice. The biggest danger of amassing precious metals is blindly tying so much of your money up in it that you miss out on other wealth building opportunities. Have precious metals, sure, for all the right reasons, but never so much that it is at the expense of a portfolio balanced with growth and income. The biggest risk is opportunity risk, not theft.
some point in the near future, we will experience a huge crisis where currencies of all kind become waste paper. having physical assets will help in getting over the crisis. this isn't some stupid conspiracy theory but simple observation: governments(especially first world countries and regional super powers) around the globe either start losing control of inflation or losing control over the people.
Silver Dragons! With all due respect you are NOT converting fiat into physical PMs - you are BUYING physical PMs. Just like when you are exchanging Dollars into physical Pesos you are BUYING physical objects and you pay a premium. Anything you aquire that carry a buy/sell spread is BUYING, not converting! This is misunderstanding no. 1 that seem to haunt us stackers!
i put mine in my safe with my guns.. but the silver that is not in a capsule started to tone and not look very good in a short time. any ideas on what to do besides descident bags? i already have a bunch of those in it
![เขามัทรี - เอ็กซ์ ศุภกฤต - จอนนี่มิวสิค [ Official MV ]](http://i.ytimg.com/vi/AS9ufKuQIVs/mqdefault.jpg)
Looking at the US Bureau of Statistics, under the Consumer Price Index, one can notice that in the last quarter of this year, stocks are not really doing well, especially energy stocks as they seem to be below the zero point. However, I don't know if stocks will quickly rebound as I have no clue the direction of the market. Can I get an advice on any other stocks that I can acquire to diversify my reserve of $300k across multiple markets while creating a comprehensive portfolio.
Avert too-good-to-be-true con tricks. Consult a fiduciary counsellor; these professionals are among the best in the business and offer individualized guidance to clients based on their risk tolerance. There are undesirable ones, but some with a solid track record can be excellent.
For you to grow your portfolio in today’s market, you really need to be coachable and willing to get off your high Horses. I for example, have managed to grow mine from $150k to 300% of my initial deposit within the past 8 months just by copying trades from a broker that has better skillset and technical know-how than me.
@@KelvinWallace I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like Colleen Janie Towe who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@@KelvinWallace Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
In the original Hebrew Bible (before the translations), the word for "money" is the same as the word for "silver." This is true in other languages too. "Silver" and "money" are the same exact word. Silver has always been money and hopefully always will be.
“Plata” in Spanish, another example
Welsh
Arian - Silver, money
In ancient china also silver was more precious than gold
@@HC-sb5ck that quote is from the New Testament, not the Hebrew Bible.
@@gmanlee575 in Chinese the word for 'bank' literally means 'silver exchange'. I don't think silver was seen as less precious than gold, merely that gold was not money and instead seen as jewelry or highly symbolic. When the Imperial Seal was damaged, gold was used to repair it. One would not have used a comparatively less valuable material to restore the most important and valuable symbol of the emperor's authority, legitimacy, and power.
I keep all my gold in a case of Bud Light at the local Dollar General store. I stop in every week or two to check in on it.
Nice
@@douglasfarwell6379 You will probably come up with something witty one day. Today just wasn't it.
@@douglasfarwell6379think u missed the joke...
😂😂
@@douglasfarwell6379 lol....comprehension dude.
I love these kind of videos. I secure my precious metals by not telling anyone I invest in them and keep them hidden in a place in my apartment :)
Stacking can be a lonely hobby.
Thats the way to go
What do you live? Address please
where is your apartment?
I KNOW WHERE YOU ARE AND I KNOW YOU STACK NOW! (Jk lol)
There are clear risks with burying your stack, but I think the biggest downside is access… how many times a year do you access your metals? Now try it with your stash buried (in one or more places). Thus, my rule #7…
Slap’s “Eleven Rules For Storing Gold & Silver At Home”
1) A safe advertises hidden valuables, but if you must use a safe, bolt it down and load it with VERY heavy weights.
2) Store some decoy/sacrificial coins/cheap jewelry in an easy-to-find location. Then hide the good stuff well.
3) Unless you use a safe, NEVER hide your stash in a bedroom or bedroom closet.
4) Same as #3, but insert “study” and “pantry”.
5) Forget hollowed-out books, fake soup cans, etc… your stack will be stolen in less than 5 minutes.
6) If using a desk, bookcase or shelf, make sure your hiding spot won’t be revealed if these are tipped over. Because they WILL be tipped over.
7) You WILL want frequent access to your stash (to add to it, look at it, or (god forbid) take from it)… don’t make access difficult (behind drywall, buried in the yard, need a sledgehammer to get to it, etc.).
8) Unless using a safe, the best spots are in plain sight and LIKELY TO BE OVERLOOKED, or they’re multi-layered (meaning you have to move this, shift that, lift this and open that in order to access your stash).
9) Make sure someone you trust (spouse, financial planner, estate attorney, etc) has a sealed “open in the event of my death” letter describing where your stash is hidden.
10) With the exception of #9 above, NEVER EVER talk about your stash or that it’s in your home.
11) Never use a hiding spot that can be discovered by a contractor doing work in your house or yard.
KEEP IN MIND: The average home burglary in the US lasts just 11 minutes! Thieves want a quick hit-and-run.
For #2 head to Temu? Lol.😂
The biggest risk it’s not have gold and silver , amazing collection , best regards from Spain
If you’re gonna stack gold and silver, ya gotta stack lead, copper and brass as well😉
Pow pow hahahah
I have a bit of those as well
I would love to. In Germany not possible.
@@MatzeMaulwurf Then check out Joerge…
That is a good thought
I think there's other risks. Yes; theft is high on the list. The first rule of your PM's is: do not talk about your PM's! (I don't even like to buy online, the feds will surely know you have it and, if you have some, they'll presume you have more.) That said, there are other risks you didn't mention. First, the price can fall faster than inflation. It can fall very quickly as we've seen. No; never to zero but far faster than the dollar is falling and if that just happens to be when you need the fiat, well, you're kinda fuqued. Second, and this is a biggie: watching youtubers will easily convince you that the sky is falling and get you to over extend yourself. This happens to a lot of folks. If you don't have your debts paid off 100%, and three to six months of fiat currency in your safe, you don't have the money - yet - for precious metals. Alright, a $100 purchase here or there is okay. But, if you're scouring metals websites for deals weekly, and you haven't met those conditions above, move your cursor and search for budgeting techniques or a second job to get there. Then stack away. Not before.
Really good advice
The feds don't give a single crap if you have precious metals or not lol
@@andrewsmith8715 They made it illegal to own gold a while back though, didn't they? Yes, they can and will give a crap if and when the time comes.
@@buyerofsorts That was done by FDR to purposefully devalue the dollar. Nowadays, making the ownership of gold illegal is not necessary to devalue the dollar.
I don't have gold in my house
Ok, after watching about 20 of your videos, I guess I will subscribe now haha... FYI, I just made my first SDBULLION order, I have a hard time buying from anyone else from my normal seller, but I will compare shipping, timing, communication and prices etc... youre probably the easiest TH-cam guy to watch full videos of. Everyone else is annoying. Thanks
SD is one of the more expensive online dealers out there. I have bought one time when Doc's Deals had a pretty good offer. Usually I buy from Hero or Monument Metals. My LCS is about the same price as SD, so I don't buy there much either.
Verified eBay bullion sellers is where I go to, usually the best prices.
@fathermetallica94 liberty coin in Huntington Beach CA is the best I've ever dealt with. Super fast shipping, signature required over $750... I've NEVER had an issue with them and I've spent over $10k with them. They have like a half a million 5 star reviews for a reason...
With a few exceptions, you cannot move to another country with your gold and silver.
You are stuck in the country in which you live.
You can move to another country only if you convert your precious metals (at least temporarily) into a fiat currency.
Finally, someone gives the correct definition of "inflation", rather than the feeble-minded who think that the word just means "prices are going up". They decouple cause and effect. As for protecting my silver and gold? Well, I also keep a good store of lead on hand for just-in-case. And if someone is stupid enough to go for it, well, I'm not getting my security deposit back.
Feeble, indeed!
Life comes at you fast, from bank collapses to rising conflicts and the looming 2024 recession. Ditched cash for gold and crypto; my portfolio's thriving.
Your words really hit home ,I am trying to do the same but navigating the market isn’t always easy.
I am immensely thankful to Bianca Faye Lindsey for her mentorship, witnessing significant daily advancements in my portfolio since our collaboration began, Truly Grateful.
How do I reach her?
It’s as easy as searching her name on google , she is a big shot in the market
Her guidance changed how I invest. I used to chase fast profits, but now I prioritize long-term plans. The outcome is clear: my portfolio is steadier, and I've reached financial goals I never imagined. This experience has truly been a blessing.
Prior to world war 1, the gold sovereign (containing 0.2354 ozt gold) was Britain's £1 coin. At the current spot price, you'd need £384 to exchange for one sovereign - over £400, including a small premium & delivery. That gives you a measure of the devaluation of the pound sterling in the last 110 years.
It’s all relevant to people’s earnings. When analyzing prices you must consider all the relevant math
Yes, gold is a great hedge against inflation if the alternative is just holding cash. But you need to understand that inflation works on both the cost and the income side over time. Gold is a great way of preserving wealth and diversify your investments with a very low risk-low reward asset, but lets be real here. Unlike 1 USD, 1 oz of gold represents about the same amount of buying power now as it did 100 years ago, but it's not like the percentage of the global population who can afford 1 oz of gold on their monthly income has dropped dramatically in the same period.
@@henrikjohansson6629 The amount of gold in the world has not increased as much as the population has increased over the past 100 years. My gut says that requires the amount of gold a person could 'afford' to have decreased accordingly, but I haven't a mathematical proof for that.
However, in 1934 the average income in the US was $471, which was equal to about 23.5 oz of gold. Today, the average income in the US of 37,500 is equivalent to 17-18 oz of gold. In terms of gold the average American makes 25% less compared to 90 years ago.
I give each of my grand nieces and nephews a gold sovereign for birthdays and Christmas. All 7 of them. But I got them when they were really cheap, and I am shocked at the prices now!
Many think it's crazy, but I think a safe place is safe deposit box at a reputable bank. Unlikely to get stolen, and a banking crisis should provide warning to retrieve it. Even if you don't in have time before a temporary shutdown, the bank doesn't have any claims to the content. Even Silicon Valley Bank was only closed a few days.
Unlikely to have access at a bank if SHTF,
and banks don't advertise when they are going to stop letting people withdraw.
Laughable that "if society shuts down bank tellers will still be working and follow the laws"
It's like keeping your gun at a gun shop, it can't help you NOW, and other people will already be there seeing what's left.
@@CornDogShaunthe apocalypse isnt going to happen.
I agree with you on the top risk - theft.
Better from a honest thief than a government one...
Just have to stack that lead, copper and brass as well.
I think a good strategy is not to keep everything in one spot. Scatter it around the house and invest in an alarm system.
Private offsite vault w/24h access + insured = happy stacker. Slightly increases my cost-per-oz, but that's ok, as the long-term value increase will easily cover this cost to secure.
Or maybe I just am paranoid, but either way... "Is it secret? Is it safe?" -LOTR
Money by definition is widely accepted “ payment for goods and services. “ Gold and silver is not widely accepted for goods and services . Therefore it does not fit the term “money” . that being said I like gold and silver better than the USD . It is a better “store of value.”
you didn't see the picture of wheelbarrows full of "money" I take it.
@@CornDogShaun yes, all fiat currencies fail over time and are no longer accepted as payment for goods and services, because it loses all of its value from government printing. At that point it is no longer “money “
@jon3092 Clearly you don't know what you are talking about. Gold & Silver is worldwide accepted
@@davidortiz3094 so you’re buying your groceries, paying your rent/mortgage, paying your utilities with gold and silver ? Look up the definition of money because you clearly don’t know what you’re talking about.
Gold and Silver has been sound money for thousands of years. In fact, Gold and Silver is Legal Tender in some states in the USA. Gold and Silver is accepted in every country on the planet. USD unfortunately is not. Also the world is dumping dollars. Great time to be a stacker. Peace and Luv be with you.
Try to pay your light bill with it
It would be nice if you guys would tip off that a particular episode is for newbie’s. I understand the importance of getting the message out but also be considerate to your loyal subscribers. I’m getting tired of hearing the benefits of holding PM’s. I get it, just give a heads up at the beginning of an episode that it’s for those newer to this subject. Thank you 🙏
I used to keep jars full of weed in my active beehives.
So that would be good for metals too. 😂👍
I've got a question. Say CBDC's become real and cash becomes eliminated and every transaction is tracked by prying eyes. How on Earth can someone holding gold actually trade it without getting caught??? I can understand that silver can be traded for chicken eggs but a gold coin will be very valuable and if you take it to a local coin shop and try to cash one into CBDC, I would think you're going to get caught.
I think this is a legit concern. I think the thing to do is liquidate before an LCS can only pay you in a CBDC. Especially since all the LSC's are about to go out of business. Have not seen this addressed in any video urging us to buy because CBDC's are coming.
Gold and silver become the black market currency
Please send me everything on that table...its my birthday 🎂🎊 thanks 😜
That was a great video!!! I learned a few things. Thank you!! 👏 🌄
I believe if you're spending more than 10% of your take home pay in precious metals you're over extending yourself. But I'm spending all 10% as Long as Silver is below $30 a ounce.
10% and you think thats over extending? I don't.
My biggest worry is actually the risk of buying fakes. Even more than the possibility of losing my stack in a fire or to a robbery, I worry about counterfeits.
Actually, gold and silver only have the value of what someone is willing to give you for them, just like any other item. There is no intrinsic value in them.
Nuclear war happens, for instance. Clean water and food will be the most valuable things. Gold can't be eaten or drunk. So you will need to find someone that places a value on it in order to trade it. There was a time that a copper knife was valued far more than relatively soft gold.
Gold and silver have always been decorative. That's where its value ended.
People don’t talk about this enough 👆🏻
Yes value is only worth what someone is willing to pay for it or trade historically gold and silver have lost value several times in history
There is all kinds of intrinsic value in silver. It is widely used.
@@Run4Ever77not in a shtf scenario.
@@hubster4477 Can you name a historical shtf scenario in the last 2000 years where silver permanently lost its intrinsic value?
I'm not aware of any. And I'm aware of several historical times where it was a Lifesaver and provided people a way out of harm's way.
But happy to learn, if you can give some examples.
I think the biggest risk is getting robbed. Happened to us in 2011 and cost me $55k but worse they stole the feeling of security in our home.
Best tip. If you decide to bury your PM's in your yard somewhere make sure you scatter a bunch of nails everywhere in your yard. This will help throw off any people with metal detectors trying to find your stash.
I don't think I would use nails, I would use nuts and washers, where I live the freezing temperatures with frost would raise the nails to the surface and I would get a flat tire on my lawn mower, but that is really good advice thanks for sharing 👍
Instead of nails, buy a couple rolls of Pennies and scatter a couple of handfuls.
I like it
@@stevemacdonald9456 Pennies are not magnetic unless it’s the steal Pennie.
@@stevemacdonald9456 The modern penny made since Reagan debased that coin will have a very limited existence. If the copper jacket gets a nick or scratch, the zinc inside reacts with the jacket and they both dissolve into nothing. Pennies made since 1984 will be as rare in the future as the steel pennies of WWII. Any steel penny left outside simply rust away.
I thought you were going to say government confiscation, or some kind of capital gains tax.
he DID say theft, so kinda covers that. 😆
I think the biggest risk is you start watching youtubers who take their 30 silver coins and try to pump mining stocks and uranium and all sorts of crap that you never actually own. Can't stand pump n dump scammers
You can make one of those pipe thingies you bury in the ground, cheaply. Just get some schedule 30 or 40 pvc pipe at the hardware store and buy the end caps and glue them on with the cement sold for the purpose.
Decades from now we could be mining gold and silver from asteroids which could cripple the market.
I only mentioned it because you used decades in your example for fiat currency. 😀
Also, a potential danger for the dirty man safe is if an employee gets access to your address or they are hacked.
In my old house I hid a safe behind a bathroom tile. You had to press two corners of the same tile simultaneously for it to depress and pop open 😀
The second danger is, the market for gold and silver tanks. Happened many times before or the government demands compulsory purchases so you have to sell to them. Again already Happened.
You can also consider it like "selling" your dollars
As always good info. Thanks for sharing.
I love gold and silver, but I think calling it money is silly. Try taking that coin to a store and getting anymore than 50$ worth of goods. If we consider we have to sell gold for money, just like stocks, silver, or any other asset or commodity, it becomes apparent it's not money. It holds its value and increases in value, but it's not money.
When ever I trade some silver to gold, I will get a money belt😊
I have a few of those Mandolorian bars as well....nice!!
The biggest risk always is selling at a loss, or it takes alot of time and effort to sell with no loss or a minor profit.
That’s why gold and silver is a long term investment, never a quick buck to be made in gold and silver.
Wow. Gold and silver are things we dig out of the ground??? Amazing knowledge right there!
Ironically, if you use the Dirty Man Safe, you'll be putting them back into the ground.
And if we don't grow things or dig them out the ground they don't exist
No way man! Gold comes from Rumpelstiltskin and King Midas!
@@shauncawley1138 meteorites?
You had me sold mentioning Dave @ Coin Huskers 👍👍 I as well just took advantage of his nitorious "FLASH Sale"
@TEXT-NOW.. Why?
I love the TH-cam video commercial of the guy who trained to be a welder.
Yeah, I guess theres a risk of an asteroid hitting the planet causing a mass extinction event. Making my silver kinda useless.
At that point, everything will be useless.
I don't get you guys. If there is a real catastrophe and I have some food and you don't.
And you came up to me and was like hey man, I wanna trade you my silver for your food.
I'm gonna laugh my butt off and walk away with a full belly.
And as far as a hedge against inflation. That's laughable. Come on man.
The premiums on gold and silver are ridiculously high and negate any advantage of stacking it up.
Its a nice hobby and its cool. Its not a real alternative in a crisis. Think it through. 🤔
After your food is gone and you're empty handed, I'll have silver and gold to trade to someone else and you'll have empty pockets
Silver Dragons, what is your thoughts on SD Bullion delivery time after order placed? I have several orders placed and it appears from the time order is placed to the time it will be delivered is about 2 weeks. Even with FEDX $14.95 delivery charge it will take about 10 days before you receive your order.
The biggest risk is THIEVES!!! IAM going to get a safe.😊
So riddle me this: when gold loses 10% of its current value and drops to around $1,800, does that mean Federal Reserve notes suddenly gained 10% value? Gold is fine for some things sometimes. But no bank teller ever tried to tell me that a dollar is worth a premium one day and barely worth spot a minute later or maunder on about how pretty and rare it is. People are in business to get Federal Reserve notes for metal. No one gets rich selling dollars for metal.
silly analogy. bank tellers are not collectors.
I'm a physical gold and silver day trader.
Love the analogy! Helps this make sense to me as a new stacker and collecter.
I keep very little gold and silver at home. I use off site storage and its guaranteed.
The dollar is "guaranteed" too.
@@ItsEverythingElseNo it isn't
Store your gold in fake books. It’s like kryptonite to thieves.
You’ve cited how much gold has appreciated over the last hundred years. How many dollars an ounce of gold can buy today versus how many it could by a hundred years ago. That’s interesting. But consider the power of industry. How much penicillin or insulin could any amount of gold buy a hundred years ago? There is no real risk of hyperinflation in the US, UK, EU, Canada, Australia. Every time a miner extracts iron or petroleum from the ground, the amount of money in the country increases. Every car rolling off an assembly line, every book that’s published, every satellite that’s lifted into orbit increases the amount of money in the country. I like gold and silver as much as the next guy, but have a portfolio of stocks representing an index of the total market, has increased steadily year after year for the past hundred years, for surpassing the appreciation of gold.
Wrong - I'm from Europe and I have witnessed 3 currency changes in my life, every time money was worth less. The Euro will fail someday and then I don't wanna stand here with nothing more than toilet paper. All FIAT money will fail someday, because all of them failed in the past. The question is not if , but when it will happened....
Now do the value of the dollar vs the appreciation of the stock market.
So jealous that you already have the new malta knights of the past coin....
I think the #1 Risk is buying FAKE PM's. Sure, there are counter measures, but how many Stackers, even seasoned Stackers have bought fakes or been SCAMMED. The only reason we don't hear about it as much, is b/c people are EMBARRASSED to ADMIT that they've been duped. More people get scammed than get robbed.
Now...all of this being said, getting SCAMMED is a form of THEFT. Just know someone was going to say that
how many Stackers, even seasoned Stackers have bought fakes or been SCAMMED. i give up, how many, and were did you get your data?
@@DrSchor ,
I'm not saying their whole stack is fake. I guarentee you that SD🐉, Yankee and other prominant Stackers have bought a fake before. Even Harry has bought fakes. They all say they have and admitted it. So not sure what your point is...
Look, I follow your channel with great interest and appreciate the content because I like stacking gold and silver as a way of portfolio diversification and risk mitigation. But, saying that all FIAT currencies will eventually be worthless is alarmist and conspirational thinking. FIAT currencies will always inflate, but as long as there's a central bank supporting it they will not be useless. In fact, over the long term, cost of living increases because of inflation are always matched or exceeded by income increases. That's an easily verifiable fact, because if it wasn't so we would all be poorer than we were 100 years ago, and that's simly not true (quite the opposite if fact). The only thing that would lead to a major currency being worthless is a complete collapse of society. That may well happen, but if and when that happens, I think you'd find it a bit difficult to find buyers for your precious metals as well 😊
Probably misleading to say that you are “not really buying anything” because you indeed have to sell silver in order to buy anything with it. And since you pay a premium to buy silver, you probably won’t get the same amount of money back unless it appreciates above the premium you paid. This will take time. Make no mistake, silver is not money unless people will give you goods and services in exchange for silver. That’s not the case right now. Therefore, you’re buying an asset, and you pay a premium to buy it.
So many risks involved. Theft is one. You could also lose your metals in a fire or an accident. If Russia suddenly decided to release its gold and silver reserves into the market (unimaginable amounts in stock), the metals would lose most of their value. The risk of fakes is real, if you don't take precautions or test the metals you buy. The list goes on. The bedt way to save your money, in my opinion, is to diversify and spread the risk. Buy some metals now and then, but not too much or too often. Invest in stocks and markets, have some money in the bank, but save them in different currencies. In my country, Norway, the far bedt investment, being long or short term for the last 70 years, is real estate. So if you have the opportunity to buy, even the smallest of apartments in a major town or city, do it. Peace out.
The value of anything is whatever anyone will pay for it. There is no effective difference between "fiat currency" and bullion. Silver and gold have not kept up with inflation since their highs. It's all semantics. I stack silver because I like to have diversified assets but it's still dependant on other people's perception. There is a very good reason why the best investor in the world, Warren Buffett, doesn't bother with precious metals.
How much does a monster box cost? And how many ounces of silver does that equal?
The only risk in buying silver or gold is when for financial reasons you need to sell and the price fell considerably. So the combination of hard financial situation making you sell and price of metals going down. Where that risk is eliminated is by holding onto your silver and gold for a long time. Maybe ten years
If anyone comes to me, my wife or our dogs the wrong way, they are going to get it 😁verbally! Good share 👍
Yes. Verbally go brrrrrrrrrrrrt
I thought you were going to talk about the fact that if the price of silver and gold exploded that nobody would buy it from you. Is that a real risk?
yes, very much
dont buy gold. if the price goes up, no one will be able to afford to buy it from you.
My lead protects my silver
Manipulation?
Tell two people you trust where your stashes are. Make sure you're hardly all together at the same time.
I would add buying counterfeit metal.
How do you feel about safe deposit boxes at a bank?
Not insured, and the bank or govt can generally gain access if they choose. There are private vaults which are a bit better.
Informative ❤
no buyers or cheap buyers and transporting if you're nomadic or want to expatriate
HOLDING ON TO FIAT NOW = DEATH/HOMELESSNESS....ITS A SHAME BUT TRUE
The first astroid we mine will bring the price waaaaaaaaaay down. Lol
The charts are misleading. If the dollar has only last 97%, that would mean that the silver dollar is worth about two dollars. But it's not it's worth about $20-$30 which means that the paper dollar has lost around 2000% to 3000%.
Not even remotely how that works. The exchange of metal to fiat currency is decoupled entirely from the purchasing power of fiat currency in terms of necessary goods.
The silver dollar buys 2000% more than a paper dollar.
Since 1964, when they changed from silver dimes to clad dimes, gas did not go up 97%, it has gone up around 2000%. You can still buy a gallon of gas for two or three silver dimes.
Since 1933 when they took the dollar off of the gold standard, the dollar has lost about 10,000% against gold. Because the $20 an ounce gold is now $2000.
The ounce of gold still buys the same amount of goods, but the paper dollar buys 10,000% less
Or 100 times less is the same thing as 10,000% less.
i got a 300LB gun safe i use to store it. been sacking since 2011.
I worry buying off ebay. Seen so many fake silver dollars.
So glad I store my metals in a depository. No risk here
you need help. fast. like yesterday.
first, you need to learn there is always risk
have you never heard the stackers number one mantra, if you dont hold it , you dont own it.
Your deposit box can be sealed
you can with draw from your deposit box and sell at a bad time
etc
I truly pity guy like you who should not be buying PM at all. or buying anything at all. sad.
0:22 - Hes going to say theft or fire to home, stuff like that i'm betting.
The biggest risk to me is tarnishing of the coins. Keep them dry.
Best system I"ve used is ABS plumbing pipe with the endcaps glued in place. Can hide that under the dock...
Still stacking silver eagles ❤
Imagine how many more ounces of silver you'd have if you hadn't bought the highest premium ones.
@@ItsEverythingElse I’m buying the lows now
Is anyone else addicted to purchasing metals? Willing to put themselves in a tight spot for acquiring Au
sounds like you know you need to get help, and fast.
No one ever seems to mention government confiscation ala Pres. Roosevelt. love to see some opinons on this
The best place to bury gold? Not on your own land actually but national forest land. Just remember where the hell you buried it and be sure there's not a pipe line coming through the area!
Is it a daily entry type sweepstakes
😆
Inflation predates fiat currency by centuries. It has multiple causes including, but not limited to increased production of supply. We’ve had multiple instances of severe inflation before the central bank or fiat currency
Yikes! I am worried about you and the viewers who depend on you for advice. The biggest danger of amassing precious metals is blindly tying so much of your money up in it that you miss out on other wealth building opportunities. Have precious metals, sure, for all the right reasons, but never so much that it is at the expense of a portfolio balanced with growth and income.
The biggest risk is opportunity risk, not theft.
Thanks man..😊
some point in the near future, we will experience a huge crisis where currencies of all kind become waste paper. having physical assets will help in getting over the crisis. this isn't some stupid conspiracy theory but simple observation: governments(especially first world countries and regional super powers) around the globe either start losing control of inflation or losing control over the people.
This biggest take from this is don't do what do you.... well never show too much and never a face which is why I watch you lol
Silver Dragons! With all due respect you are NOT converting fiat into physical PMs - you are BUYING physical PMs. Just like when you are exchanging Dollars into physical Pesos you are BUYING physical objects and you pay a premium. Anything you aquire that carry a buy/sell spread is BUYING, not converting! This is misunderstanding no. 1 that seem to haunt us stackers!
Spot on as awlays.
"Spot" on haha nice.
Does Dirtymansafe ship to Europe ??? 😊
Don’t watch it. Waste of time. No related information
i put mine in my safe with my guns.. but the silver that is not in a capsule started to tone and not look very good in a short time. any ideas on what to do besides descident bags? i already have a bunch of those in it
even a paper bag is better than a bag that does not exist. what is a descident bag anyway.
Can’t there just be tons of more gold produced?
Produced? Do you mean found? But no.
I have an alarm system on $58,000 house...
Oh you lucky sob. That 8.88 oz Scottsdale bar is so cool. 😎
Money metals mails you huge postcards with a freeby wishing you to come back!!!!
When is the drawing for the sd bullion monster box ?
February 30th
😂 nobody ever wins bro
What do you mean we need fiat currency? 💀
We could as well go back to the gold standard.
Just put you silver next to some Hershey bars 👌