When I started stacking silver in 2010 and gold in 2013, I was thinking along those same lines. But I can't seem to stop stacking something! lol I have stopped buying silver because my stacking goal was met in 2019 but I still stack gold because my gold stack is not yet completed. I am patiently (?) waiting for my most recent gold buy of 2 1-oz. Britannias and 6 1/4 oz. Britannias. Will be fun to add them to the stack. I still do not know what I will do when the gold stacking goal has been met. Will have to evaluate that when the time comes, probably in mid to late 2024.
@@go4it129 Yes, we do... for now, which is why cash is not trash as some like to say. Every place that sells the things that people want and need accepts cash in one form or another for their goods and services. Until that stops, cash is king. But the math of the situation indicates that cash is running hard on borrowed time. There very well might be a time when digital "money" replaces cash. CBs around the world are either looking at this or are implementing it. There is some resistance to it, so maybe it happens and maybe it doesn't. But being prepared for it seems a reasonably good idea, especially when the cost is minimal. When we buy gold or silver, we still have a valuable liquid asset that can be converted back into cash at any time. We can't say that about most other assets.
I only stack gold and silver bullion just to hide a significant portion of my net worth “off-the-books”. Gotta protect myself from Big Brother’s greedy reach as well as a rug-pull from a lawsuit, bankruptcy, divorce, etc. Always, always, always hide some money off-the-books if you know what’s good for you. 🤷🏻♂️
Haven't been able to buy any gold this year, but I keep buying silver monthly. Medical bills have inhibited my extra curricular spending activity this year, but I have about 18 ounces of gold from years past purchases.
Honestly, I just love the "game" of trying to improve being self-sufficient or prepared for black swan events. I systematically allocate a portion of surplus income for physical gold and silver and make purchases when the price and my account balance are in synch. 2is1 resonates.. I have two ways to heat my house in a northern tier location, two ways to get power. I really enjoy making my own food or sourcing it locally and have canned, frozen, dried and fresh food on hand.. bonus that it is delicious. I dislike the connotations of the term prepper and prefer homesteader.. I mean, thats how our grandparents got by, they worked to be self sufficient and "operate through" a crisis or lean times. To me, having a reasonable allocation of heating oil, firewood, propane and diesel fuel is the same as a reasonable allocation of gold, silver, cash and equities, or rice, chicken, venison, and blueberries. Even if you don't care about most of that stuff, financial diversity and security is the cornerstone and owning physical precious metals should be part of that.. my two cents. Last comment - If some local disaster occurs, do you envision yourself on the roof of your house with sheets painted to say "HELP" or do you see yourself in the little motorboat rescuing those people on the roof? I hope to be part of the rescue and not the victim.
I won't be the rescuer or the victim. I'll be the one watching the world go to Hell and surviving on my preps. And I also stockpile junk silver. I'd rather trade a silver dime or quarter instead of an eagle for a small item. IMHO
I had always heard that you should have enough silver ounces to equal your personal weight in ounces..and you should have enough gold ounces to equal each year of your age. I think that’s an admirable goal
@@mannybruce8950 ooooh. See now that makes more sense. I honestly didn't even think about it like that. My personal goal is 250 ounces minimum. Id like more but sheesh them 10 ounce bars add up 🤣😅
365oz of silver (you’re not gonna starve for a year) 12 coins in either 1/4, 1/2, or 1oz depending on your rent/mortgage. (You won’t be homeless for a year) then I’d say you’re good.
@@2is1gold Yes, that is a good start but one should also be mindful that a depression can last for 10 years or more. The Great Depression of the 1930s was a very bad time for a great many people but it is likely that the next one will be much worse thanks in no small part to the $33T and rising national debt and lousy budgeting by politicians who don't seem to know very much about economics or finance. Because of this, I tend to be less optimistic about the future than others and plan for much harder times than do some others. Running out of money when we are too old to work is a lousy option. I don't want to be in a position of thinking, "Damn! I should have bought more gold when I had the chance!".
@@edb3877Yeah, you need to save more than a year. I'm going for 20 yrs worth of gold savings before I retire, but I'll probably have around 10 to 15 yrs of gold saved before I retire. And those politicians are just kicking the can down the road like they always have done. Our government needs to cut a lot of social welfare programs. There's so much fraud we're supporting.
I never understood why creators always said 40% is not subscribed but now i do. I listen to this channel alot, at work but do not log in. I guess I'm just trying to say is "Thank You". I appreciate this channel more than you probably get credit for.
The correct amount to own is what you can afford without going into debt for it. Putting pm's on credit cards is a major no for me. Make sure your debts and bills are paid and on time Make sure you take care of yourself (and family if you have it) and your needs And then make sure to put a little aside for your stack. This is a long game, any amount will help
putting them on a credit card is one of the smartest things you can do because you can earn 2% cash back and often find great deals online... but you must pay off the balance each month.
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It's got to hurt when you buy , also when you sell , buy what u can ,hope you never sell , what happens you accumulate a surprising amount of wealth that is real also paid for ... So wise decision is necessary both ways how much pain do you want is up to the individual ...a tenth oz of gold is a oz of gold in ten months etc pay yourself first I would advise with gold , silver gets very heavy fast ... Every one have lovely day grow wealthy slow ... Tough lesson anything worth having takes a while .
Nah, don't pay off the mortgage. Invest the money elsewhere in an asset class which gives a greater more tax efficient return than the interest rate payable on the mortgage.
i'd be very comfortable with 5-10 ounces of gold and 100-1000 ounces of silver however i just sold most of my silver and gold for a down payment on a piece of property so i'm down to around 15 ounces of silver and 3/10 ounce of gold but hey i still have some
I asked this question some time ago and got this answer that really made me think: A man should have stacked his weight in pounds of silver and his age in ounces of gold. Admirable, but that means I really better start exercising more and eating less!
Good advice. I’m not sure on amount but by the time I lugged the sixth 30 Lb case of silver up the stairs to its new home, I was asking myself why I hadn’t bought more gold instead 😉. Personal note, I finished my twenty 1/4 oz gold coin goal this month with a BU 1913 Indian Half Eagle. Yes, it’s not a full quarter ounce and yes I probably could have bought a 1/2 ounce something else instead, but I don’t care…
Thanks for the video! What has worked for me the past few years is to split my emergency fund 3 ways. 50% cash 25% silver 25% gold. I add cash to my cash E fund every week and every 3 months I rebalance using the cash over 50% to buy more gold or silver as I need to get close to my percentage goal.
I've answered that in the past with a percentage. It used to be 10-20%, but that has changed for me as I have seen questionable choices by various governments. It's now a case of how much do I feel comfortable having. I don't want to miss out on opportunities to grow my money elsewhere but I want a bit more security as well. It's not an easy answer and I've been struggling with it for a bit. I guess no matter what I decide having gold is more than 95% of the general public (at least in western countries) ever do so I'm ahead. Thanks!
It really depends on your financial picture. Is your home and other debt paid off? What sources of income do you have? How soon will you need the money if you buy an investment and can you afford to cash out in that time frame? The biggest factor for percentage allocation should be directly proportional to economic instability. I wouldn't own much more than 30% of investible cash in precious metals at this time. We will soon find out how valuable precious metals are in the next few years and beyond.
In my opinion an amount you don’t need to cash in for 7+ years is a good amount Since it’s more of a last resort savings & gold prices fluctuate but if you hold 7+ years I do believe it’ll be positive
@@DrSchor You’re funny! If there’s a crash in the price of gold you buy more It’s only going to go up over time I just meant it’s not a 2 month quick flip get rich asset it’s a long term winner
Thank you for the video 2 is 1! I think of gold as part of a monthly investment perspective. I regularly save in tax protected accounts. I selectively put more in other places. Gold is a great way to save and balance it all out. It’s also fun. It gives me joy to collect something that retains its value, can be used if needed, and hopefully I can pass down to my kids. Best wishes to all!
Given the economic instability, 5% is much too low. Under the current conditions of economic instability and depending on your financial picture, I would go for no more than 30% of your investible cash in precious metals. Place the rest across a number of defensive, diverse asset classes.
@@audiophileman7047 30% is too high, especially for individuals under 50. The lost benefit of compounding growth in other asset classes (stocks, fixed deposit, bonds) is too large of a penalty. And anyone carrying consumer debt, aside from a mortgage, shouldn’t be stacking at all.
Just started gettingi into precious metals this spring. I find your videos very informative and rational. Here's my formula for me "getting started": I buy a tube of Silver Eagles every month (and a handful of Maple leafs since they are beautiuful)., As for gold I have a target: I want a tubeof tenths, a tube of 1/4s, and since I have thee childen I am buying 3 ounces at Christmas and one for each of their birthdays. So I intend to buy 6 ounces a year plus oportunistiically filling out those tubes.I'm sure it will all change overtime but that is my current plan. Meanwhile I pay down my mortgage, fully fund my retirement, HSA etc. I'm just getting started so it is going to take awhile but every shipment I receive brings a little smile to my face as every month my collection/stack gets just a little bit bigger.
The question is difficult but there definitely is too much as gold/silver will never be the "best returning asset" . It depends on your net worth, what other assets you own , tolerance to risk ( risk changes over time, youngsters should be more risky to build wealth quickly, older prople less so to preserve wealth ) etc . I currently have 400oz silver and 30oz gold and will continue to add gold .
I like the idea of having more than others in terms of wealth so I never end my stacking. Its actually more about never having the feeling of being financially vulnerable ever again but nothing is ever enough. In terms of percentage of overall wealth in metals I say 80% plus should be in metals due to my views about the dollar being devalued overnight.
Lmao the dumbest thing you can do is have 80% in metals. Its also a slow way to build wealth compared to alternatives. You are kidding yourself if you think you are getting more wealthier than others
I think anywhere between 5%-25% of your net worth is a good range for gold to own. Below 5% you're missing out on wonderful gold. Above 25% and you're missing out on some other wonderful opportunities (like stocks, real estate, and so on). I think 5%-25% or so, depending on your personality and preferences, is a good general range.
Agreed. One of the very worst investing ideas comes to us in the form of "going all in" with ANY one asset. More money has been lost via this route than just about anything else out there. Trying to save hundreds on taxes has also resulted in many thousands being lost, so also not a good strategy. One should be mindful of their tax situation but should not allow that to control all that they are doing. Asset diversification and dollar cost averaging on both the buy and sell sides are also good, and using debt very sparingly will help most people get through life in reasonably good shape. I am currently at just under 20% of my wealth in PMs. I can see raising this to 25% but no more than that. This is not a generic one size fits all recommendation for others but is a personal opinion that works well for me and my financial situation.
@@2is1gold I also like your method of calculating how much of an emergency fund you need (say, for two years of spending) and using that to calculate how much gold you want. I think that's also a smart way of doing things.
Another thought provoking video. Not after any sympathy here but recently a specialist doctor told me I have a 50% chance of living another 4 years. My reaction was to laugh. It has now become a challenge to reach my target of 1LB of gold and to live longer than the specialist doctor. Wicked eh! 😊. My inheritor is disappointed though she will have to go to the trouble of converting the gold into cash?!?! Thank you for the pleasure you bring Mr 2is1.
I think everyone’s situation is different on how much gold and silver to own . Me personally I make sure I’m putting at least 15% in my retirement accounts and have 6 months of emergency funds in place . Make sure my bills are paid every month and my credit card balance is zero . Then buy as much gold and silver as I can . I agree that 5-10 % could be the sweet spot !!!
The amount of gold I personally keep is in direct correlation of my wife's willingness to not resent me for the rest of her life in the event it becomes worthless
Trust me, she's about to see the power of gold in the next few years and well into the future. When that time comes, you will have a tough time acquiring more gold.
precious metals are the ultimate shiny object. It is tempting to buy buy buy once you get the bug. I have a goal of 100 oz of silver per year at 52 yrs old i would have a decent retirement savings outside of traditional bank or other programs. That being said, I did stop buying over the last few months and started focusing on our debt. Sold and paid off one vehicle, selling my toy vehicle this weekend and upped payments on my wifes. That leaves my work van and a consolidation loan which paid off our c.c. debt and reduced our monthly payments by about $700.
Now that the premium on silver have sharply dropped, adding to a dip, I’ve been focusing on silver. ASE for $28, ML for $26. I only buy on special deals and sales and there’s a lot of them now. Up to 6 1//2 oz Au and a little over 13 lbs of Ag
The equivalent of two years of expenses held in gold is the base metric that makes perfect sense for a worst case economic scenario. Anything more than that would be for elective purchases being completely debt free of course. Factor in monthly obligations accordingly if one has a mortgage, car payment, etc..
I think some context that is missing is the scenario in which gold and silver (g&s) will be accepted in lieu of fiat currency. Right now it's going to a Pawn Shop or LCS to sell your metals for fiat. I don't expect there's a concrete time schedule but a 'best guess-timation' on when or how long until g&s would be used in transactions from a day zero/fiat crash. The reason I bring this up is because using a whole 1 ounce silver Eagle for gas seems a bit much if the gas (or any item) value is based on the fiat value of g&s.
Once again solid advice.Get those monthly expenses down and you don't need as much gold/silver to see you through.Then again,if you have excess cash why not put into PM's,thats my plan I'm working on.
Hey big man , I wish I had the ability to think the way you do , Grounded common sense , My general rule of thumb is buying gold and silver is like the C.B. Radio craze back in the late 60's through the early 80's , C.B. stands for continuous buying , doesn't matter how much you you think you need just keep buying a little along , one day it will pull you out of a hole .
My calculation is (current monthly income) minus (expected social security monthly income) minus (expected retirement income) converted to oz of gold and multiplied by (expected number of months in retirement). Example: If the plan is to fund 30 years of retirement and If current income is $3400/mo and expected social security benefit is $1400/mo and expected retirement income is $1000/mo, then $1000 will be needed or 1/2 oz of gold multiplied by 360 months. Such a person that is stacking primarily for this purpose would need 180 ounces at the current prices. The idea is the gold would hedge against future inflation and taxes. Is this logical?
Always appreciate your insight sir...I think you nailed it on the head with the debt reduction bit. I may be wrong but most of us here are interested in wealth preservation and you can't do that if most of your monthly expense is due to interest payments.
An emergency fund of 3 to 6 months of expenses is a pretty good simple start to consider if someone is new to buy gold or silver then you if someone wants to increase their stack than dollar cost averaging along the way can be very helpful.
I think everyone should have at least 20 1 ounce gold coins to fill up 1 tube just for the cool factor. 😂 you can buy a coin a month a coin every 3 months a coin a year whatever you can afford after all your other expenses are paid and you have that extra cash burning a hole in your pocket.
@DrSchor you are missing the point of buying gold. How much money did you throw in the garbage buy wasting it on buying clothes you don't wear or going out drinking or going to the mall and buying things you don't need. Buying gold is a way to save money instead of spending unwisely. And when you have that itch to buy something buy gold it will fill that itch and in the long run you will have a stack. How many pages of shoes or sneakers do you have thst you never wear. There is always extra money spent uselessly.
For me the following makes sense: 1. Precious metals: Have enough silver to use as barter for food, water and gas in a SHTF scenario that could last up to 3 months. Have as much gold as you want and can afford and your partner will allow, so long as you take care of points 2, 3 and 4 below. 2. Debt (aside from mortgage): Stick to a program of paying this off that is well above the minimum monthly charge. 3. Save up about 4 months of cash for getting by if you lost your job or SHTF. I would suggest keeping some of this outside the bank. 4. Have a steady plan to save for retirement, be it real estate, stocks, bonds, or some combination thereof.
In a SHTF scenario, cash, gold, and silver will be worthless. Banks will be closed , and the internet will be down, so you will have no idea how much gold and silver will be worth. If you can't eat it, shelter yourself and your family, keep warm or cool , or defend yourself and your family . It will be useless. Now, if you are saving for an economic down turn, that is another story.
My goal was 40 and I achieved that last year. New goal is 60. Not sure from there what I'll do. Likely a few mint state numismatic coins and call it quits. You have been very helpful along the way.
I was going to stop at 20 ounces. And then once I hit a kilo I thought OK I’m good. Now I’m at 48.75 ounces so I figure once I hit 50 ounces I’ll stop buying gold I was gonna stop at a kilo of platinum also now I’m at 35 ounces. I just don’t know what else to put money in. I can invest 4000 a month.
I don't know. I promised myself that I would never be on the financial bottom again. I have a specific amount of fiat that covers the costs of relocating that never gets touched. There's a portion of silver and gold that matches my monthly income for a season. That's the foundation, then there's the part that's in motion: generics, collectibles, tubes, fractional, etc. But I don't know. I'm still figuring things out, and I'm not a millionaire. I constantly learn and plan accordingly.
I'm about 60% in real estate, 15% in precious metals (most of which is gold) and the rest in cash. I've been waiting for close to a year for a big adjustment before hopping back into the market. Even then, I'm looking to food, fuel and other industrial commodity producers (necessities, not luxuries) for the next few years.
I have little gold & lots of silver, I will be seeling most if not all to buy a Can-Am Spyder cuz I almost died this past spring & while still above ground want to ride some more. Sights not yet seen.
I do listen carefully to what you say. For those who want to store a large sum, gold is easy to store, silver would get bulky. For me, I feel ok with my stock portfolio, bank savings is null, pensions I can live on if I got very cheap. I don't consider my stock folio part of my pension, it is more an investment I try not to touch, or touch very little. Gold is my main buy, I just love the beauty of it and as said before, I buy for the beauty, and you are a large influence in that area when I saw that High Profile Mustang you showed for while. That hooked me, so yes, you are a major influence. Silver is my backup money. My buying varies, American Eagles, British Britannias, some novelty but not much and then bars 5 ounces to a Kilo. Hopefully in the near future larger bars, but not many as they could be harder to sell, although they could be cut into smaller pieces.. The coins are going to probably be the easiest to exchange, so that is my focus. My spread is roughly in exchange value, 80% gold 20% silver. I try to stay in that range. Sure would like to see more or your beauty gold coins.
Good job. Always a calm look into things. My personal belief is there is no such thing as too much. It like saying how much is too much rich ore is in a gold mine itself. But the way you build your own personal gold mine is important.
I think it depends not on your expenses, but your earnings. For beginners or youngsters, a single tube of silver is a big deal. I dont earn much, so one of those "mini monster boxes"(5 tubes of silver) and a single ounce of gold is a big deal. I see a lot of people say rediculous amounts for what they *want* to own. You can't own too much gold. I want to own a ton too, but sometimes you cant. Id rather be debt free and in good health before I start giving a bullion company all my cash fiat. Just my 4 cents.
So many factors but I think there is a bare minimum and it's what can put food on the table. You can negotiate with your bank and your mortgage if you start to run behind, you can get a few months behind on a car before repossession, but you need to eat everyday. I think Venezuela was a good case study. If there is runaway inflation how much do I need to put food on the table so we are not eating rats, digging in dumpsters, so your loved ones do not have to prostitute themselves. All things that they had to do there for food. From what I read many didn't have gold or silver stacked per say but did have jewelry that was able to be traded so this was a survival tactic. Granted it won't take all the pains of a situation like this away, but if your family can eat that's huge. And that doesn't take a huge amount of gold or silver. I think that's the true bare minimum based on real world collapses that has happened recently.
If I spent all of my expendable money in a year on my salary, I could get 12 oz. How many years should I dump all of my money into gold 2 years 24 oz, 3 years 36 oz, 4 years 48 oz, 5 years 60 oz The only problem is, I'm super late to the party, gold has shifted from tier 3 to tier 1 and will be revalued soon, meaning the amount I can buy will be less and less every year.
5-7% of a well rounded portfolio. Say you have 100k in stock market 20k in cash under your pillow 300k house 80k in bonds and cds thats 500k so 5-7% of that would be 25k-35k in a gold stack.
With the average credit card interest rate being around 21%, get your ass out of credit card debt if you have it. And if you need your available $ for saving in less than 5 years, put it in CDs (online banks paying 5.65% for 1-yr CD with at least $1,000 investment). Then consider stacking with any leftover $.
I am strange, I had to sell 2,500 silver eagles because the weight was prohibiting moving them as they were too heavy and I was moving overseas. I did keep 200 ounces of various silver 1 oz coins. I also brought 200 ounces of gold coins 97% were 24kt (all but 6 gold eagles sold as well as all Krugerrands). That gives me ten years (at current prices) irrespective of real estate and cash to live on. Now there are four in my family and we live on a budget of $3,200/ month because all properties and cars are paid in full. We have $350/ month condo dues that is recurring. I feel comfortable having 10 years in reserve but probably not something everyone would do.The gold also serves as a medical emergency fund .
@@DrSchor if I need to explain it to you it doesn’t help. The rest of the people garner these points regarding “Do you have enough…”. First if you are remaining where you are you can have as much silver as your safe(s) can hold. Second if you have to move you can carry far more dollar value of in gold by weight. Your comment tells me you are either obtuse or never had a monster box of silver (let alone five) to try to carry when moving.
I like the ratio 40/1 (silver/gold). Yet, for someone that like gold over silver 40/3 (silver/gold) is a very promising option. Like you said rainy day not doomsday.
Doom and gloom? I can buy less than half the fuel and less than half of the food that I could just 2 years ago with the same currency. Doom and gloom is already here, and if people don't see it at this point, they probably never will.
Silver is a historically undervalued asset and is likely to appreciate more than gold. Buy silver now to convert into gold at a more favorable price ratio
Yes, they are...thanks for asking. And the flasks got here in time for a mini reunion on a fishing boat! I'll make it a point to pour out a bit for the ones who aren't. @@2is1gold
I was buying silver at first. When I reached 31 ounces, I shifted my focus to American Gold coins. I admittedly get too focused, and have neglected the rainy day funds. 😖
Excellent video is always 2. I know that you, like me, have other assets. I like how you mentioned eliminating debt, and how precious metals should only be a percentage of ones portfolio. Diversification is the key.
Good stuff man... Btw, did you see the new benchmade taggout 😋.. Nice knife... Anyways, gold wise I'm still Dca it, but in smaller amounts trying to get some fractional built up.. And silver I'm just still buying numismatic types... But waiting for the new libertads (silver) to hit the Exchange to buy some... Got the 2023 1/2 ozt & 1 ozt yesterday.. Well Its in the mail... anyways have a great one
Not a formula, but I like the 3/40 gold/silver as a good starting point for most anyone. Hopefully, after reaching such a milestone, the bug will have bitten the accumulator so that he will continue to increase at the same rate he would have otherwise if the initial goal was much higher.
1 is 2 if you hold gold for long enough. No speculation but as the cost of gasoline (crude oil) increases here in the USA increases gold will also increase. Gold is Gods money. God bless. No amount of Gold is ever enough
I’ve been buying gold since the mid 1980s. My average price is probably $900-$1000 an ounce. I have not made one penny on it over that period of time and neither have you. Gold, other precious metals are not an appreciating assets they are however, a store of value and purchasing power. If you’ve been pretty successful and you have some cash and you want to put it aside in an area where it probably won’t lose much purchasing power buy some gold or other precious metals but if you think you’re gonna make money on it, you better do it only with short term plays .
You are the only person ii trust when it comes to pms...I'm from Canada but a lot of your information and ideas still apply up here. Common sense, logic, education in precious metals and patience...love the videos you share...continue to enlighten the masses...ty for your love of gold and your insights...don't stop the educating...ty.
For many just getting 100 ounces of silver will be hard enuff with our economy tanking and essentials going through the roof via inflation. Not sure where you get that number from near the end but it seems excessive. I would think maybe 500 - 1000 ozs of silver might be more doable since the avg person will be pretty frugal with expenditures and can make that go a long way with barter. Would depend on lifestyle vs needs. Thanks for the info.
Slow & steady wins the race for stacking BUT.... "collecting" because you have a dream & want to enjoy a history lesson & some fun...then thats the way to go. Works for me & i don't panic about politics or life 🥰
In 2 countries where the currency has become worthless, Venezuela and Lebanon the preferred metal is gold. You can escape quickly with gold (weight/value) over silver. You might ask how they do small transactions with gold, well you take you gold eagle and you shave it with a file onto a scale. If you think theres going to be a collapse where you have to move gold is the only option. Silver is way to heavy and bulky to move.
Malabar spinach and tomatoes were good. I haven't bought a tomato in years from the grocery store. Victory gardens! I never had too much gold or silver.
I love this kind of information. Every channel creator has pretty much the same factors even with a few other factors. It’s great you and channels like yours have taken the time to inform and help guide us to be ready for what might or might not happen. 👍
Just sold 600,000 dollars in mostly gold 6 monster boxes of eagles in Calgary alberta took about 45minites at Albern coin and exchange just some food for thought for those who don’t think your gold is easy to exchange oh bought a house iam sure some are wondering
Before you buy, look at your finances. Have you paid off your loans, mortgages, rent, taxes you owe. If you have done all of that and have extra disposable income, then buy gold and silver. You dont need a lot of gold and silver. Just buy some and sit on it. Don't keep buying and buying like the Joneses. In life, be satisfied with what you have. There will be many other people who have larger incomes. Don't compete with them. Buy what you can afford and don't go overboard.
If the SHTF and paper fiat is no good,credit also, I wonder who is willing to trade silver for gas or food. It just becomes heavy metal. And gold is similar in a real SHTF situation.Just a bigger range of values,Correct?
civil unrest Barter, hyperinflation I suppose.loss of trust in government. //////////// I have only had one experience with gold for barter,and It was educational to say the least.We think know what a 1/4 oz of Gold is worth but it is not common knowledge to many people.Silver may have the same deal being metal for goods.
For me the sweet spot is 1,000 ounces of silver and 20 ounces of gold! Anything after that is just icing on the cake.🤠
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When I started stacking silver in 2010 and gold in 2013, I was thinking along those same lines. But I can't seem to stop stacking something! lol
I have stopped buying silver because my stacking goal was met in 2019 but I still stack gold because my gold stack is not yet completed. I am
patiently (?) waiting for my most recent gold buy of 2 1-oz. Britannias and 6 1/4 oz. Britannias. Will be fun to add them to the stack. I still do not
know what I will do when the gold stacking goal has been met. Will have to evaluate that when the time comes, probably in mid to late 2024.
Picked up the complete set of Brittanias too yesterday
Tis is very close to my preset stack.
Just curious, why do you/I need any silver?
I'll answer your question with a question. How much do you trust our financial system? The lower the trust, the more gold you should have.
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We still have to pay with cash.
@@go4it129 Yes, we do... for now, which is why cash is not trash as some like to say. Every place that sells the things that people want and need accepts cash in one
form or another for their goods and services. Until that stops, cash is king. But the math of the situation indicates that cash is running hard on borrowed time. There
very well might be a time when digital "money" replaces cash. CBs around the world are either looking at this or are implementing it. There is some resistance to it, so
maybe it happens and maybe it doesn't. But being prepared for it seems a reasonably good idea, especially when the cost is minimal. When we buy gold or silver, we
still have a valuable liquid asset that can be converted back into cash at any time. We can't say that about most other assets.
Best answer here.
@@Kurt1969 NOW what happened in Ohio?
Every oz of gold you buy is a blessing.
Agreed.
It"s sad how many channels hype their audience with doom and gloom. I'm thankful that this channel gives a dose of reality.
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I only stack gold and silver bullion just to hide a significant portion of my net worth “off-the-books”. Gotta protect myself from Big Brother’s greedy reach as well as a rug-pull from a lawsuit, bankruptcy, divorce, etc.
Always, always, always hide some money off-the-books if you know what’s good for you. 🤷🏻♂️
Completely agree
During this time of tyranny, you are speaking words of wisdom. 👍👍👍
Good point, i agree
what money 💰? LOL
Haven't been able to buy any gold this year, but I keep buying silver monthly. Medical bills have inhibited my extra curricular spending activity this year, but I have about 18 ounces of gold from years past purchases.
Honestly, I just love the "game" of trying to improve being self-sufficient or prepared for black swan events. I systematically allocate a portion of surplus income for physical gold and silver and make purchases when the price and my account balance are in synch. 2is1 resonates.. I have two ways to heat my house in a northern tier location, two ways to get power. I really enjoy making my own food or sourcing it locally and have canned, frozen, dried and fresh food on hand.. bonus that it is delicious. I dislike the connotations of the term prepper and prefer homesteader.. I mean, thats how our grandparents got by, they worked to be self sufficient and "operate through" a crisis or lean times. To me, having a reasonable allocation of heating oil, firewood, propane and diesel fuel is the same as a reasonable allocation of gold, silver, cash and equities, or rice, chicken, venison, and blueberries. Even if you don't care about most of that stuff, financial diversity and security is the cornerstone and owning physical precious metals should be part of that.. my two cents. Last comment - If some local disaster occurs, do you envision yourself on the roof of your house with sheets painted to say "HELP" or do you see yourself in the little motorboat rescuing those people on the roof? I hope to be part of the rescue and not the victim.
Self sufficiency times two. I like it.
I won't be the rescuer or the victim. I'll be the one watching the world go to Hell and surviving on my preps. And I also stockpile junk silver. I'd rather trade a silver dime or quarter instead of an eagle for a small item. IMHO
I had always heard that you should have enough silver ounces to equal your personal weight in ounces..and you should have enough gold ounces to equal each year of your age. I think that’s an admirable goal
I'm 235 pounds. Thats about 80000 dollars. In silver.
That was what they used to say when everyone was skinny. Im even heavier…
@@blazedanddazed3763 , I think he means in ounces and not weight .
You would need 235 ounces in silver .
@@mannybruce8950 ooooh. See now that makes more sense. I honestly didn't even think about it like that. My personal goal is 250 ounces minimum. Id like more but sheesh them 10 ounce bars add up 🤣😅
If ounce number equal lb number not to scale, then it’s feasible.
365oz of silver (you’re not gonna starve for a year) 12 coins in either 1/4, 1/2, or 1oz depending on your rent/mortgage. (You won’t be homeless for a year) then I’d say you’re good.
Solid idea.
@@2is1gold Yes, that is a good start but one should also be mindful that a depression can last for 10 years or more. The Great Depression of the 1930s was a very
bad time for a great many people but it is likely that the next one will be much worse thanks in no small part to the $33T and rising national debt and lousy budgeting
by politicians who don't seem to know very much about economics or finance. Because of this, I tend to be less optimistic about the future than others and plan for
much harder times than do some others. Running out of money when we are too old to work is a lousy option. I don't want to be in a position of thinking, "Damn! I
should have bought more gold when I had the chance!".
@@edb3877Yeah, you need to save more than a year. I'm going for 20 yrs worth of gold savings before I retire, but I'll probably have around 10 to 15 yrs of gold saved before I retire. And those politicians are just kicking the can down the road like they always have done. Our government needs to cut a lot of social welfare programs. There's so much fraud we're supporting.
I never understood why creators always said 40% is not subscribed but now i do. I listen to this channel alot, at work but do not log in. I guess I'm just trying to say is "Thank You". I appreciate this channel more than you probably get credit for.
The correct amount to own is what you can afford without going into debt for it. Putting pm's on credit cards is a major no for me.
Make sure your debts and bills are paid and on time
Make sure you take care of yourself (and family if you have it) and your needs
And then make sure to put a little aside for your stack.
This is a long game, any amount will help
putting them on a credit card is one of the smartest things you can do because you can earn 2% cash back and often find great deals online... but you must pay off the balance each month.
At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. Investing in stocks, gold, silver, and digital currencies can still be profitable during this period. Therefore, it is advisable to explore these investment options to secure one's financial future.
You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment.
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It's got to hurt when you buy , also when you sell , buy what u can ,hope you never sell , what happens you accumulate a surprising amount of wealth that is real also paid for ... So wise decision is necessary both ways how much pain do you want is up to the individual ...a tenth oz of gold is a oz of gold in ten months etc pay yourself first I would advise with gold , silver gets very heavy fast ... Every one have lovely day grow wealthy slow ... Tough lesson anything worth having takes a while .
10% of net worth should be in gold is my comfort zone. Along with 10% of net worth in cash. Along with a paid off mortgage.
Nah, don't pay off the mortgage. Invest the money elsewhere in an asset class which gives a greater more tax efficient return than the interest rate payable on the mortgage.
i'd be very comfortable with 5-10 ounces of gold and 100-1000 ounces of silver however i just sold most of my silver and gold for a down payment on a piece of property so i'm down to around 15 ounces of silver and 3/10 ounce of gold but hey i still have some
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I asked this question some time ago and got this answer that really made me think: A man should have stacked his weight in pounds of silver and his age in ounces of gold.
Admirable, but that means I really better start exercising more and eating less!
That's about right.
That is the goal I had!
@@bhargi4692 Had? I hope you were able to surpass those figures! Very impressive if so.
Good advice. I’m not sure on amount but by the time I lugged the sixth 30 Lb case of silver up the stairs to its new home, I was asking myself why I hadn’t bought more gold instead 😉. Personal note, I finished my twenty 1/4 oz gold coin goal this month with a BU 1913 Indian Half Eagle. Yes, it’s not a full quarter ounce and yes I probably could have bought a 1/2 ounce something else instead, but I don’t care…
Silver forces you to be in shape. 😄
Have watched most of the commodity channels on this platform and I must say you are the most enjoyable to listen to. Good job
Thank you!
I got a question: ... What do we do with our G&S AFTER they sock us into a digital currency?
@@douglascarlson9006 that is a good question. One thing I know is id never exchange for paper currency or CBDC’s
Thanks for the video! What has worked for me the past few years is to split my emergency fund 3 ways. 50% cash 25% silver 25% gold. I add cash to my cash E fund every week and every 3 months I rebalance using the cash over 50% to buy more gold or silver as I need to get close to my percentage goal.
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You should hold gold just for the simplicity of having unspendable money that doesn’t flow like cash it’s more of a wealth storage.
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I've answered that in the past with a percentage. It used to be 10-20%, but that has changed for me as I have seen questionable choices by various governments. It's now a case of how much do I feel comfortable having. I don't want to miss out on opportunities to grow my money elsewhere but I want a bit more security as well. It's not an easy answer and I've been struggling with it for a bit. I guess no matter what I decide having gold is more than 95% of the general public (at least in western countries) ever do so I'm ahead. Thanks!
It really depends on your financial picture. Is your home and other debt paid off? What sources of income do you have? How soon will you need the money if you buy an investment and can you afford to cash out in that time frame? The biggest factor for percentage allocation should be directly proportional to economic instability. I wouldn't own much more than 30% of investible cash in precious metals at this time. We will soon find out how valuable precious metals are in the next few years and beyond.
In my opinion an amount you don’t need to cash in for 7+ years is a good amount
Since it’s more of a last resort savings & gold prices fluctuate but if you hold 7+ years I do believe it’ll be positive
@@DrSchor
You’re funny! If there’s a crash in the price of gold you buy more
It’s only going to go up over time
I just meant it’s not a 2 month quick flip get rich asset it’s a long term winner
Thank you for the video 2 is 1! I think of gold as part of a monthly investment perspective. I regularly save in tax protected accounts. I selectively put more in other places. Gold is a great way to save and balance it all out. It’s also fun. It gives me joy to collect something that retains its value, can be used if needed, and hopefully I can pass down to my kids. Best wishes to all!
Great approach. Cheers!
If you haven’t yet reached at least 5% of your net worth in precious metals then you’re not done stacking.
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Given the economic instability, 5% is much too low. Under the current conditions of economic instability and depending on your financial picture, I would go for no more than 30% of your investible cash in precious metals. Place the rest across a number of defensive, diverse asset classes.
@@audiophileman7047 30% is too high, especially for individuals under 50. The lost benefit of compounding growth in other asset classes (stocks, fixed deposit, bonds) is too large of a penalty. And anyone carrying consumer debt, aside from a mortgage, shouldn’t be stacking at all.
Just started gettingi into precious metals this spring. I find your videos very informative and rational. Here's my formula for me "getting started": I buy a tube of Silver Eagles every month (and a handful of Maple leafs since they are beautiuful)., As for gold I have a target: I want a tubeof tenths, a tube of 1/4s, and since I have thee childen I am buying 3 ounces at Christmas and one for each of their birthdays. So I intend to buy 6 ounces a year plus oportunistiically filling out those tubes.I'm sure it will all change overtime but that is my current plan. Meanwhile I pay down my mortgage, fully fund my retirement, HSA etc. I'm just getting started so it is going to take awhile but every shipment I receive brings a little smile to my face as every month my collection/stack gets just a little bit bigger.
A solid plan happy stacking
The question is difficult but there definitely is too much as gold/silver will never be the "best returning asset" . It depends on your net worth, what other assets you own , tolerance to risk ( risk changes over time, youngsters should be more risky to build wealth quickly, older prople less so to preserve wealth ) etc . I currently have 400oz silver and 30oz gold and will continue to add gold .
I like the idea of having more than others in terms of wealth so I never end my stacking. Its actually more about never having the feeling of being financially vulnerable ever again but nothing is ever enough.
In terms of percentage of overall wealth in metals I say 80% plus should be in metals due to my views about the dollar being devalued overnight.
@@DrSchor Yes it will never be enough ever.
Lmao the dumbest thing you can do is have 80% in metals. Its also a slow way to build wealth compared to alternatives. You are kidding yourself if you think you are getting more wealthier than others
I am 2.5 years away from my max SS income. I am 100% into Silver and Gold. I'd rather have my assets out of the banking system than in.
I think anywhere between 5%-25% of your net worth is a good range for gold to own. Below 5% you're missing out on wonderful gold. Above 25% and you're missing out on some other wonderful opportunities (like stocks, real estate, and so on). I think 5%-25% or so, depending on your personality and preferences, is a good general range.
Stocks?....are you serious
Agreed. One of the very worst investing ideas comes to us in the form of "going all in" with ANY one asset. More money has been lost via this route than just about anything
else out there. Trying to save hundreds on taxes has also resulted in many thousands being lost, so also not a good strategy. One should be mindful of their tax situation but
should not allow that to control all that they are doing. Asset diversification and dollar cost averaging on both the buy and sell sides are also good, and using debt very sparingly
will help most people get through life in reasonably good shape. I am currently at just under 20% of my wealth in PMs. I can see raising this to 25% but no more than that. This
is not a generic one size fits all recommendation for others but is a personal opinion that works well for me and my financial situation.
Gave you a thumbs up, but I’d cap it at 15%.
Yep. Diversification is the way. I wouldn't want to limit growth options yet. Cheers!
@@2is1gold I also like your method of calculating how much of an emergency fund you need (say, for two years of spending) and using that to calculate how much gold you want. I think that's also a smart way of doing things.
I'm just going to keep acquiring until it doesn't feel right anymore. Thanks for the video. 😎
Cheers!
At this time, I wouldn't go beyond 30% of your investible cash. Spread the rest across diverse asset classes.
@@audiophileman7047 thanks for the input
Comfortable Retirement = 158 oz gold and 3160 oz silver
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Also depends on how long you live. But I know I'd like to have that.
@@lamarravery4094 Retirement at age 65 and it last to the last day of life, study says 25-30 years. Cover all cost of living!
Another thought provoking video. Not after any sympathy here but recently a specialist doctor told me I have a 50% chance of living another 4 years. My reaction was to laugh. It has now become a challenge to reach my target of 1LB of gold and to live longer than the specialist doctor. Wicked eh! 😊. My inheritor is disappointed though she will have to go to the trouble of converting the gold into cash?!?! Thank you for the pleasure you bring Mr 2is1.
You're gonna smash it bro!!
I’m still trying to figure out how many licks does it take to get to the center of a tootsie pop? 🤨
Three 🦉
@@ElDuffman 🦉
Nice! 🤣
I think everyone’s situation is different on how much gold and silver to own . Me personally I make sure I’m putting at least 15% in my retirement accounts and have 6 months of emergency funds in place . Make sure my bills are paid every month and my credit card balance is zero . Then buy as much gold and silver as I can . I agree that 5-10 % could be the sweet spot !!!
The amount of gold I personally keep is in direct correlation of my wife's willingness to not resent me for the rest of her life in the event it becomes worthless
Ha!
Get her on board with you, take the time to explain it to her then happy wife happy life 😅
@@aussiegirl6738 she prefers the cash flow from our rental portfolio which is hard to argue tbh
Trust me, she's about to see the power of gold in the next few years and well into the future. When that time comes, you will have a tough time acquiring more gold.
What's the ratio?
precious metals are the ultimate shiny object. It is tempting to buy buy buy once you get the bug. I have a goal of 100 oz of silver per year at 52 yrs old i would have a decent retirement savings outside of traditional bank or other programs. That being said, I did stop buying over the last few months and started focusing on our debt. Sold and paid off one vehicle, selling my toy vehicle this weekend and upped payments on my wifes. That leaves my work van and a consolidation loan which paid off our c.c. debt and reduced our monthly payments by about $700.
Now that the premium on silver have sharply dropped, adding to a dip, I’ve been focusing on silver. ASE for $28, ML for $26. I only buy on special deals and sales and there’s a lot of them now. Up to 6 1//2 oz Au and a little over 13 lbs of Ag
The equivalent of two years of expenses held in gold is the base metric that makes perfect sense for a worst case economic scenario. Anything more than that would be for elective purchases being completely debt free of course. Factor in monthly obligations accordingly if one has a mortgage, car payment, etc..
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I add gold and silver when enough money is saved after bills.
Enough can be hard to quantify. Different for everyone
I think some context that is missing is the scenario in which gold and silver (g&s) will be accepted in lieu of fiat currency. Right now it's going to a Pawn Shop or LCS to sell your metals for fiat. I don't expect there's a concrete time schedule but a 'best guess-timation' on when or how long until g&s would be used in transactions from a day zero/fiat crash. The reason I bring this up is because using a whole 1 ounce silver Eagle for gas seems a bit much if the gas (or any item) value is based on the fiat value of g&s.
Once again solid advice.Get those monthly expenses down and you don't need as much gold/silver to see you through.Then again,if you have excess cash why not put into PM's,thats my plan I'm working on.
Hey big man , I wish I had the ability to think the way you do , Grounded common sense ,
My general rule of thumb is buying gold and silver is like the C.B. Radio craze back in the late 60's through the early 80's , C.B. stands for continuous buying , doesn't matter how much you you think you need just keep buying a little along , one day it will pull you out of a hole .
That works too! 🤜🤛
My calculation is (current monthly income) minus (expected social security monthly income) minus (expected retirement income) converted to oz of gold and multiplied by (expected number of months in retirement). Example: If the plan is to fund 30 years of retirement and If current income is $3400/mo and expected social security benefit is $1400/mo and expected retirement income is $1000/mo, then $1000 will be needed or 1/2 oz of gold multiplied by 360 months. Such a person that is stacking primarily for this purpose would need 180 ounces at the current prices. The idea is the gold would hedge against future inflation and taxes. Is this logical?
Always appreciate your insight sir...I think you nailed it on the head with the debt reduction bit. I may be wrong but most of us here are interested in wealth preservation and you can't do that if most of your monthly expense is due to interest payments.
An emergency fund of 3 to 6 months of expenses is a pretty good simple start to consider if someone is new to buy gold or silver then you if someone wants to increase their stack than dollar cost averaging along the way can be very helpful.
I am just starting. For gold, I'm mostly doing goldbacks, can't afford coins n bars. For silver, I'm doing 1oz coins n half oz coins.
I think everyone should have at least 20 1 ounce gold coins to fill up 1 tube just for the cool factor. 😂 you can buy a coin a month a coin every 3 months a coin a year whatever you can afford after all your other expenses are paid and you have that extra cash burning a hole in your pocket.
@DrSchor you are missing the point of buying gold. How much money did you throw in the garbage buy wasting it on buying clothes you don't wear or going out drinking or going to the mall and buying things you don't need. Buying gold is a way to save money instead of spending unwisely. And when you have that itch to buy something buy gold it will fill that itch and in the long run you will have a stack. How many pages of shoes or sneakers do you have thst you never wear. There is always extra money spent uselessly.
I would say if you can buy silver on a regular basis, then do so.
I agree
For me the following makes sense:
1. Precious metals: Have enough silver to use as barter for food, water and gas in a SHTF scenario that could last up to 3 months.
Have as much gold as you want and can afford and your partner will allow, so long as you take care of points 2, 3 and 4 below.
2. Debt (aside from mortgage): Stick to a program of paying this off that is well above the minimum monthly charge.
3. Save up about 4 months of cash for getting by if you lost your job or SHTF. I would suggest keeping some of this outside the bank.
4. Have a steady plan to save for retirement, be it real estate, stocks, bonds, or some combination thereof.
Good plan.
In a SHTF scenario, cash, gold, and silver will be worthless. Banks will be closed , and the internet will be down, so you will have no idea how much gold and silver will be worth. If you can't eat it, shelter yourself and your family, keep warm or cool , or defend yourself and your family . It will be useless. Now, if you are saving for an economic down turn, that is another story.
My goal was 40 and I achieved that last year. New goal is 60. Not sure from there what I'll do. Likely a few mint state numismatic coins and call it quits. You have been very helpful along the way.
I was going to stop at 20 ounces. And then once I hit a kilo I thought OK I’m good. Now I’m at 48.75 ounces so I figure once I hit 50 ounces I’ll stop buying gold I was gonna stop at a kilo of platinum also now I’m at 35 ounces. I just don’t know what else to put money in. I can invest 4000 a month.
Congrats!
If you are going to be in a difficult situation that's the one to be in.@@briancallahan5673
I don't know. I promised myself that I would never be on the financial bottom again. I have a specific amount of fiat that covers the costs of relocating that never gets touched. There's a portion of silver and gold that matches my monthly income for a season. That's the foundation, then there's the part that's in motion: generics, collectibles, tubes, fractional, etc. But I don't know. I'm still figuring things out, and I'm not a millionaire. I constantly learn and plan accordingly.
This was the first "stacking" video I ever watched, and I can see why I got into the hobby. Your presentation was calm, collected, and informative. 👍👍
Thank you
It is not "weird" to expect the fiat currency to collapse. Like every fiat currency does. Every time.
I'm about 60% in real estate, 15% in precious metals (most of which is gold) and the rest in cash. I've been waiting for close to a year for a big adjustment before hopping back into the market. Even then, I'm looking to food, fuel and other industrial commodity producers (necessities, not luxuries) for the next few years.
Buy what you can afford a little here and there adds up, and put $$ away for when gold takes a little dip
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I have little gold & lots of silver, I will be seeling most if not all to buy a Can-Am Spyder cuz I almost died this past spring & while still above ground want to ride some more. Sights not yet seen.
I don't know about enough, but I'm currently aiming for a tube of 1oz silver Britannias, a tube of sovereigns and a tube of 1oz gold Britannias.
@@DrSchor😂 saying I don't know if it's enough is not the same as saying I don't know what I'm doing.
Another fantastic video 2is1 🔥
My favourite TH-camr all the way from the 🇬🇧
Hey thanks! Cheers!
I do listen carefully to what you say. For those who want to store a large sum, gold is easy to store, silver would get bulky. For me, I feel ok with my stock portfolio, bank savings is null, pensions I can live on if I got very cheap. I don't consider my stock folio part of my pension, it is more an investment I try not to touch, or touch very little.
Gold is my main buy, I just love the beauty of it and as said before, I buy for the beauty, and you are a large influence in that area when I saw that High Profile Mustang you showed for while. That hooked me, so yes, you are a major influence.
Silver is my backup money. My buying varies, American Eagles, British Britannias, some novelty but not much and then bars 5 ounces to a Kilo. Hopefully in the near future larger bars, but not many as they could be harder to sell, although they could be cut into smaller pieces.. The coins are going to probably be the easiest to exchange, so that is my focus.
My spread is roughly in exchange value, 80% gold 20% silver. I try to stay in that range.
Sure would like to see more or your beauty gold coins.
Always appreciate your demeanor and how you present your viewpoint
Thank you 🤜🤛
Good job. Always a calm look into things.
My personal belief is there is no such thing as too much.
It like saying how much is too much rich ore is in a gold mine itself.
But the way you build your own personal gold mine is important.
I just purchased 4 rolls of 90% silver quarters.
I want something I can use to trade and a silver quarter is easy to identify as real.
I think it depends not on your expenses, but your earnings. For beginners or youngsters, a single tube of silver is a big deal. I dont earn much, so one of those "mini monster boxes"(5 tubes of silver) and a single ounce of gold is a big deal. I see a lot of people say rediculous amounts for what they *want* to own. You can't own too much gold. I want to own a ton too, but sometimes you cant. Id rather be debt free and in good health before I start giving a bullion company all my cash fiat. Just my 4 cents.
So many factors but I think there is a bare minimum and it's what can put food on the table. You can negotiate with your bank and your mortgage if you start to run behind, you can get a few months behind on a car before repossession, but you need to eat everyday. I think Venezuela was a good case study. If there is runaway inflation how much do I need to put food on the table so we are not eating rats, digging in dumpsters, so your loved ones do not have to prostitute themselves. All things that they had to do there for food. From what I read many didn't have gold or silver stacked per say but did have jewelry that was able to be traded so this was a survival tactic. Granted it won't take all the pains of a situation like this away, but if your family can eat that's huge. And that doesn't take a huge amount of gold or silver. I think that's the true bare minimum based on real world collapses that has happened recently.
If I spent all of my expendable money in a year on my salary, I could get 12 oz.
How many years should I dump all of my money into gold 2 years 24 oz, 3 years 36 oz, 4 years 48 oz, 5 years 60 oz
The only problem is, I'm super late to the party, gold has shifted from tier 3 to tier 1 and will be revalued soon, meaning the amount I can buy will be less and less every year.
You can never have enough sliver and gold 🪙 great video brother thanks for the info 🥃🥃🥃🥃
Thanks Nate!
5-7% of a well rounded portfolio. Say you have 100k in stock market 20k in cash under your pillow 300k house 80k in bonds and cds thats 500k so 5-7% of that would be 25k-35k in a gold stack.
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With the average credit card interest rate being around 21%, get your ass out of credit card debt if you have it. And if you need your available $ for saving in less than 5 years, put it in CDs (online banks paying 5.65% for 1-yr CD with at least $1,000 investment). Then consider stacking with any leftover $.
I am strange, I had to sell 2,500 silver eagles because the weight was prohibiting moving them as they were too heavy and I was moving overseas. I did keep 200 ounces of various silver 1 oz coins. I also brought 200 ounces of gold coins 97% were 24kt (all but 6 gold eagles sold as well as all Krugerrands). That gives me ten years (at current prices) irrespective of real estate and cash to live on. Now there are four in my family and we live on a budget of $3,200/ month because all properties and cars are paid in full. We have $350/ month condo dues that is recurring. I feel comfortable having 10 years in reserve but probably not something everyone would do.The gold also serves as a medical emergency fund .
@@DrSchor if I need to explain it to you it doesn’t help. The rest of the people garner these points regarding “Do you have enough…”. First if you are remaining where you are you can have as much silver as your safe(s) can hold. Second if you have to move you can carry far more dollar value of in gold by weight. Your comment tells me you are either obtuse or never had a monster box of silver (let alone five) to try to carry when moving.
I like the ratio 40/1 (silver/gold). Yet, for someone that like gold over silver 40/3 (silver/gold) is a very promising option. Like you said rainy day not doomsday.
I do not understand this method, could you please tell mehow this works?
Doom and gloom?
I can buy less than half the fuel and less than half of the food that I could just 2 years ago with the same currency. Doom and gloom is already here, and if people don't see it at this point, they probably never will.
Like those people talking about how the market gives an 8% return every year, not factoring in the constant devaluation
I hear you. Inflation is a bitch but keep in mind over past 2 years (9/21 to 9/23) spot price of gold only up 10%.
Silver is a historically undervalued asset and is likely to appreciate more than gold. Buy silver now to convert into gold at a more favorable price ratio
Four Clayton & Crume flasks showed up this week...monogramed with old teammates call signs. Thanks for the introduction to that product.
Fantastic. I love them, and give them for gifts too. Cheers!
Nagging feeling... Hope those teammates are still around. ✊
Yes, they are...thanks for asking. And the flasks got here in time for a mini reunion on a fishing boat! I'll make it a point to pour out a bit for the ones who aren't. @@2is1gold
@@wda-59-14 enjoy 🤜🤛
12 gold good for in pocket😂. 1 silver bar. Good for door stop. Paint black. 😅
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I was buying silver at first. When I reached 31 ounces, I shifted my focus to American Gold coins.
I admittedly get too focused, and have neglected the rainy day funds. 😖
Excellent video is always 2. I know that you, like me, have other assets. I like how you mentioned eliminating debt, and how precious metals should only be a percentage of ones portfolio. Diversification is the key.
Good stuff man... Btw, did you see the new benchmade taggout 😋.. Nice knife... Anyways, gold wise I'm still Dca it, but in smaller amounts trying to get some fractional built up.. And silver I'm just still buying numismatic types... But waiting for the new libertads (silver) to hit the Exchange to buy some... Got the 2023 1/2 ozt & 1 ozt yesterday.. Well Its in the mail... anyways have a great one
Nice! (I haven't seen a taggedout in person yet, but it looks nice.)
Started August 10, 2023. Got at least 600 ounces silver now, and 4 oz 1/5 oz gold.
My goal is 100 pounds silver and 1 pound gold later.
Not a formula, but I like the 3/40 gold/silver as a good starting point for most anyone. Hopefully, after reaching such a milestone, the bug will have bitten the accumulator so that he will continue to increase at the same rate he would have otherwise if the initial goal was much higher.
That’s about it for me too. Not going overboard!
1 is 2 if you hold gold for long enough. No speculation but as the cost of gasoline (crude oil) increases here in the USA increases gold will also increase. Gold is Gods money. God bless. No amount of Gold is ever enough
I’ve been buying gold since the mid 1980s. My average price is probably $900-$1000 an ounce. I have not made one penny on it over that period of time and neither have you. Gold, other precious metals are not an appreciating assets they are however, a store of value and purchasing power. If you’ve been pretty successful and you have some cash and you want to put it aside in an area where it probably won’t lose much purchasing power buy some gold or other precious metals but if you think you’re gonna make money on it, you better do it only with short term plays .
That's why I love your channel, you are very realistic and you keep me grounded in reality haha
🤜🤛
You are the only person ii trust when it comes to pms...I'm from Canada but a lot of your information and ideas still apply up here. Common sense, logic, education in precious metals and patience...love the videos you share...continue to enlighten the masses...ty for your love of gold and your insights...don't stop the educating...ty.
Thank you!
For many just getting 100 ounces of silver will be hard enuff with our economy tanking and essentials going through the roof via inflation. Not sure where you get that number from near the end but it seems excessive. I would think maybe 500 - 1000 ozs of silver might be more doable since the avg person will be pretty frugal with expenditures and can make that go a long way with barter. Would depend on lifestyle vs needs. Thanks for the info.
Great video. I wish there was some sort of numerical representation on the screen when you were talking about numbers.
Hello 👋👋
Excellent 👌 video
I have so far ( 24.02 TOLAS).
Worth $ 18,000 = 5.5 Million Local Currency. Planning to stack Gold Bars minimum ( 50 TOLAS)
Nice!
Slow & steady wins the race for stacking BUT.... "collecting" because you have a dream & want to enjoy a history lesson & some fun...then thats the way to go. Works for me & i don't panic about politics or life 🥰
I'll have enough after I buy the last one.
N+1
same with bicycles
I finally had to unsubscribe from Yankee Stacking. It became like a silver cult. The dollar is crashing tomorrow … everyday
I thought I was the only one that thought that. That dude is straight up odd.
Although silver and gold is very important, it’s always going to be there!
It's better to be years early than a second late!
Bye 👋
I unsubscribed from yankee stacking months ago… Dude’s one CRAZY Mofo!
In 2 countries where the currency has become worthless, Venezuela and Lebanon the preferred metal is gold. You can escape quickly with gold (weight/value) over silver. You might ask how they do small transactions with gold, well you take you gold eagle and you shave it with a file onto a scale. If you think theres going to be a collapse where you have to move gold is the only option. Silver is way to heavy and bulky to move.
Pumping SD Bullion made it WEIRD
Malabar spinach and tomatoes were good. I haven't bought a tomato in years from the grocery store. Victory gardens! I never had too much gold or silver.
I love this kind of information. Every channel creator has pretty much the same factors even with a few other factors. It’s great you and channels like yours have taken the time to inform and help guide us to be ready for what might or might not happen. 👍
I like the idea of having enough to cover a few months worth of monthly expenses. Gives a good rough idea of how much to own.
My goal is to own ALL the gold
Just sold 600,000 dollars in mostly gold 6 monster boxes of eagles in Calgary alberta took about 45minites at Albern coin and exchange just some food for thought for those who don’t think your gold is easy to exchange oh bought a house iam sure some are wondering
Before you buy, look at your finances. Have you paid off your loans, mortgages, rent, taxes you owe. If you have done all of that and have extra disposable income, then buy gold and silver. You dont need a lot of gold and silver. Just buy some and sit on it. Don't keep buying and buying like the Joneses. In life, be satisfied with what you have. There will be many other people who have larger incomes. Don't compete with them. Buy what you can afford and don't go overboard.
About 10% of my net in metal. Most of my buddies think I’m nuts and I don’t care. ;)
If the SHTF and paper fiat is no good,credit also, I wonder who is willing to trade silver for gas or food. It just becomes heavy metal. And gold is similar in a real SHTF situation.Just a bigger range of values,Correct?
Depends. Are we talking about EMP and paratroopers SHTF or are we talking about hyperinflation SHTF?
I asked a farmer friend of my grandfather's if he would trade crops and honey for silver and he said absolutely and so would almost everyone he knows.
civil unrest Barter, hyperinflation I suppose.loss of trust in government.
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I have only had one experience with gold for barter,and It was educational to say the least.We think know what a 1/4 oz of Gold is worth but it is not common knowledge to many people.Silver may have the same deal being metal for goods.
Also, who could you trust for such transactions?
I would add a % of your wealth in guns and ammo