Good video, often I see comments that say "Cant buy food with gold" 99% of all stackers have plentiful bullets and food stacked already. Also in Venezuela people buy food with gold. Stack on!
Money is the universal unit of account. It gives you maximum optionality to get services and goods. I believe you should have a base level of supplies to address initial shock waves of a crisis, but after that money should be your primary prepper tool... and it should be diversified. Metals are the unit of account in a world without internet. Bitcoin is the unit of account in a world with internet.
I lived through a slow burn in Greece from 2008 - 2018. It was pure hell. They couldn't kill the euro so they created artificial inflation. You keep seeing your earnings drop and everything getting more expensive at the same time. Unless you were in the public sector because the politicians protected their cronies. The standard of living has dropped incredibly. 10 years later things are still getting worse there. Lucky people like me got to leave. I'm here watching this because I learned my lesson. They can destroy the value of fiat any time they please. I buy both gold and silver, whatever has the lower premium. I stopped buying Platinum at 900.
I remember going to Athens in around 2009/10 and the prices there were absolutely crazy. I recall thinking at the time that this was unsustainable and everything was going to go to shit. I hope the great nation of Greece prospers and wish you well.
I have family in Greece currently and go there semi often, hearing the on the ground stories from locals and family there solidified my stacking and preparing ideas even more than I had prior. Beautiful place but some real horror stories of inflation and what a government will do
Poised to pounce on a lakefront property in the mountains of North Carolina when real estate prices crash or a correction comes. Dangling shinny gold stuff sweetens the deal or facilitates a bidding preference with the seller. I did that very thing in 1998 and it made me 20 lifetimes of memories. Cheers🥃
Every time I watch one of you videos you answer a question I have. I follow a couple diffrent stackers you are by far my favorite. I find your videos relatable and you make it seem like everything is in reach. I can tell by your hands that you sweat to get yours and in a world where no one wants work I can appreciate that because I do the same.when you said "This is the only way that I can save money" made so much sense to me. I've repeatedly say that to my friends that ask me why I'm doing this. Thanks for keeping it real I'm definitely a loyal follower. Much love from Reno NV.
I agree that doing a bit of preparing goes a long way. A slim minority of folks go overboard but the vast majority of people have no plans for troubled times at all in spite of the fact that they should probably know better. The three ounces that you mentioned as your first objective is a good starting goal. If you've been doing this long enough and you incorporate it into your planning you'll eventually go well beyond that. I don't think we'll have zombies, but 2020 proves that something you thought would never happen can absolutely come to pass and having the flexibility that gold offers is a huge plus. Thanks!
@@2is1gold It sure did but I am hoping that we at least learned a bit about what to do and what not to do in such situations. Not that another pandemic could not happen that was radically different from 2020, of course. Imagine some sort of bio weapon that combines the ease of transmission of the common cold with an incubation time of several weeks before the deadly effects of some sort of hemorrhagic fever break out and become obvious. Ebola comes to mind but there are others.
I love the fact that you're not judgmental..That your smart and informative..And what I like best is you seem very honest and you Don't Push FEAR.. Love your videos..God Bless You Sir.
He's not trying to sell you on a product or a vision. He just wants to share knowledge in a calm, rational way. That's why I subbed a long time ago. Honestly, I'm surprised he doesn't have more views. I guess fear/sleaze really do sell.
Silver star eagles and smart silver stacker are two other good channels. They explain the economic situations along with strategic advice just as good 👍
My 1st tube of silver eagles after 9-11 out the door for 7.00$ ea. Still have all of them. 1st oz gold 700.00$. Churchill said "Buy gold & pray you never need it ! I agree. If that time comes, it will be because bad things are happening.
No plans to pay off the 1.875% mortgage early, but after buying and selling off (at an acceptable profit) my random “gold is gold” stash, I’m now buying back in with US & Canadian coins only. In that, I appreciate your advice.
that is a great mtg rate. i agree- dont pay it off. you may need that cash for unforeseen health expense or something else and you cannot get that kind of borrow rate anywhere these days. of course make sure you pay it down as agreed though.
My plan is to stack gold for the long term. That may seem wildly optimistic at age 74 but there are good reasons for it. First, I always want to be able to pay my property taxes so that we always have a roof over our heads. Currently, that would amount to selling a couple of ounces of gold per year. I also want to be able to supplement my SS benefits and other retirement income, in the event of higher inflation and perhaps a lot higher inflation. There are 7 people in my immediate family. Only my wife, myself, and our son have the ability to stack. Since the others cannot stack, I do it for them and would be subsidizing their living expenses in a financial emergency. I can do this for a few years and in that time I hope to be able to figure out what I need to do in addition to what I've already done. Of course, no one really knows how long they will live, so a lot of this planning may, in fact, run out of time. My gold and silver stacks are mostly for my wife, 2 kids and 2 grandkids. If they don't need it, then they can pass it on but I have this nagging thought that they will be needing it to get through hard times and, hopefully, on to better ones.
I'm 74 also, just me and my kid now, but I feel better having something solid for my kid to depend on in the future. I don't plan on ever touching my gold & silver stack.
@@rabick62 Absolutely. Gold and silver in hand beat every promise out there. Politicians specialize in promises that they very often can't keep, so taking the issue into our own hands means that we can and will implement our plan to hold real wealth and not political promises. I believe that our family members will be very grateful that we did this when push comes to shove.
Edb-I admire your approach and hope I can replicate it. I’m twenty years behind you in age, five kids, and still working in a very secure job, but I’m a salary guy and it’s a game of inches. Cheers to you and keep stacking!
Paying debts with gold and silver in any state is a total fiction. You have to use dollars no matter what legislation was passed to make gold and silver legal tender. Dollars are legal tender and not a damn headache to use. You buy gold and silver with dollars not other gold and silver. What the hell kind of fantasy land have the prescious metal hawkers got you believing?
I feel the most likely SHTF for everyone is a loss of income. Either temporary, or permanent. Its fun to fantasize about buying groceries in the Thunderdome with silver and gold, but I think its highly unlikely. SHTF happens EVERY DAY to people. Gold and silver are very handy for these things that happen all over the world, every day.
So many people are one or two minor setbacks away from homelessness. I agree 100% that people face that for real every day. Myself, I’ve lost income for almost a full year with a newborn at home and a wife not earning income either. I sold things, used savings, stretched the budget, and delayed necessities… but kept holding onto the stack, because one day I might REALLY need the money.
@@wedgetailleather that is awesome man. I know people that had massive gun collections that they sold and they last recession that help them survive for about 4 years, and then after the recession was over they started building up their gun collection again.
I agree what you were saying here about the "slow burn". I also believe more and more progressive policies will eventually make its way into our country. When I hear about massive money spending policies I get frustrated. Gold sort of helps me cope with these frustrations.
It really is about the only thing we can do, since almost everything else is out of our hands. Of all the things that we could be doing, stacking is likely to be the best prep there is. This also goes for other preps that reduce our dependence on supply chains and governments.
Hi Mike! Yes, buying precious metals, up to 10% of my wealth, has helped me deal with what's going on in the country! I can only hope that things change in 2024! 😎
One consideration is that many people are already living on the edge of financial disaster, and if inflation and unemployment accelerate there will be social unrest. It won't take much to trigger that. It would be increasingly dangerous to go out in public to sell precious metals and shop for food.
Having some of both is also good in case the gold/silver ratio swings wildly one way or the other, you can convert some and get a little more metal. Diversification is always a smart thing.
Diversification means gold, real estate, stocks, etc. It does not mean diversification within PMs. No one cares about silver. Get out into the real world -- Asia, Middle East -- and silver is not currency. Gold is. You can swing real estate transactions in much of Asia with gold. Not so with silver. Sorry!
Interesting video. Yeah, I looked into this a number of years ago. Unfortunately, the cost of living is so different in the various places in the U.S. that's it's hard to give a number of dollars or ounces one might need. Ultimately, I determined that 100 to 150 ounces of Silver or 1 to 2 ounces of Gold could sustain the average person for a month. Because I'm rather risk averse, can't predict all of the variables & possible outcomes, and have an inclination to prefer more options rather than fewer in any crisis situation; I chose to base my plans on my own bi-metallic standard. In other words, I'm going to have both Silver and Gold. Yes, that is significantly more cumbersome, particularly since I'm moving toward being able to sustain myself for a 10 year time-frame, but I think prudence dictates a certain amount of preparedness depth, especially financially. So that's 12,000 ounces of Silver and 120 ounces of Gold. That's basically 757.5 lbs of weight, so obviously my mobility will be affected. I don't expect to necessarily have to be mobile during that time, and if I do, then that's where my Gold will be advantageous. Likely most of my Silver would end up being buried or left behind. I've probably mentioned this before, but I've limited myself to Eagles and Krugerrands, as they are closer to the composition meant for circulation. As for the Silver, I keep a variety of three 9s, four 9s, and 90% fine Silver that I could convert. Like you, I think the circumstance would involve regularly converting into local currency rather than trading directly with metal. That would only happen in a true End Of Days / Mad Maxx style situation, which I think it pretty unlikely. I appreciate the mention of metals not being any kind of end-all solution. That's 100% true, and I think something that is often missed. While this is an extremely important aspect of preparing for retirement, retirement supplement, extended job loss, uncertainty in the future or SHTF, there are certainly a number of things that are likely just as, if not more important. Having a significant amount of cash held outside of the banking system is one thing that I simply wouldn't be without. As to whether that's for 1 month or 6 months, everyone has to figure to achieve their own comfort level and acceptable storage mediums. There's also the debt issue. If things are going to get bad, you want to eliminate as much debt as you can. Ideally, you owe nothing. Then there's food. I realize the same people that hand-waivingly deny the possibly of SHTF tend to poo-poo this as well, but food and food storage is a huge issue in all of this. Having a deep pantry that can sustain your family comfortably for some period of 1 to 3 months is almost just a must-have in today's world. Beyond that, putting up long-term food, whether one packs it up themselves in mylar bags & food grade buckets or simply puts a large sum toward pre-packaged long-term and/or freeze-dried food, it's an important category to get squared away. The ability to supply yourself with non-perisable everyday use or at least common use items is important as well. This will help insulate you from those $20 or $30 purchases somewhat and give you more resilience and lead time when having to think about procuring supplies during a difficult time or circumstance. It may also provide you with the ability to liquidate something other then Gold or Silver, as well as put you in the position to help others in certain circumstances. Related to the ease of converting your metals. One of the reasons that I tend to stick to small increments (i.e. nothing more than 1 ounce in Silver and 1/2 ounce & below in Gold) is specifically for that reason. Your universe of possible buyers or the number of people/businesses that can afford to give you what you want for the metal you have goes up as the increment size of your Silver or Gold goes down. And since ten 1/10 ounce Eagles are essentially the same as a single 1 ounce Eagle, your extra premium has paid you back by giving you significantly more options in who you can sell to. Great video! I always enjoy the brainstorming sessions that your videos so often provide.
Have silver and lots of nickels stacked as well. Food, water and lead. Check. Also live in Montana. Can trade silver with ranchers and farmers for food. Anyone living near a large metropolitan area better be well armed and have a full tank to get out fast. Those areas will devolve into horrific crime ridden death traps within days.
I made my first trip to the LCS this week to sell... what an awakening. You're right... make sure you have what the LCS wants. The guy offered 15x face on constitutional, and spot on government backed gold coins. Any generic gold was under spot. Fortunately, I think I'm not going to have to sell, but I've definately taken a new view on buying!
Just living day-to-day is a challenge. SHTF can happen at inopportune times. I wake up one morning last year and a tree had toppled in my front yard. When I called for emergency removal of the tree, the lady on the end of the phone said, "this is not anyone has $1400.00 to spend unexpectedly at one time. "The lady was nice and extended the time for payment. Saving on a regular basis takes discipline. Doing so will be the reward.
"... the lady on the end of the phone said, "this is not anyone has $1400.00 to spend unexpectedly at one time." I read this 3 times and still do not get what she said. As to trees toppling over in the yard, that's happened to me twice and I solved the issue myself with the judicious application of some chainsaw action and a little fence repair. In the case where the tree was not mine, the owner gave me the wood for our stove as his part of the damage repairs.
@@edb3877 The tree was huge and landed partly into the neighbors yard next door with no damage to their property. This would have been an overwhelming job for me to include stump removal. I was fortunate the tree did not damage any of my vehicles in the driveway or my home. I thank the good lord for that. I am eternally grateful to these folks in my hour of need. Also, my neighbor called the cops on me for this unforeseen occurrence. Weird, nothing was damaged on their property. I just told the officers the task at hand would be taken care of the next day.
Just a comment on your remarks in past videos that American Eagles can be handled without damage because their 92% alloy is "harder" than a four nines buffalo. This is true, but any coin collector will tell you that pre-33 gold (which should be harder still at 90% gold, balance alloy) is certainly subject to dings and dents primarily from contact with other similar coins. Numismatists even have a name for this ... "bag marks"! Many a pre 33 double eagle that is otherwise uncirculated exhibits un-attractive scratches, dings and dents which greatly reduce their value. Just one piece of advice for your viewers... just because you're not primarily a coin collector/numismatist doesn't mean you should be cavalier about handling your coins and their condition, particularly if you intend to hold them for years. Numismatic premiums are nothing to sneeze at , so why mishandle (unintentionally or not) any gold coin? Today's bullion coin could become tomorrow's high value condition rarity collectible, again particularly given the passage of time. You never know. !
You can see one reason why this stacking thing is a scam right? There is no value there to start with that out performs real money. Then if it gets a scratch it ain't perty no more. My paper money is written on, stained and has a few tares. Still has the same buying power.
Took 8-9% of a small inheritance and bought 4 one ounce gold sovereign coins. Two eagles, one Buffalo, and one Maple Leak. Then bought 75 ounces of once ounce silver coins, some sovereign, some not, in increments, not all at the same time since they are so cheap. Working up the silver to then trade in for one more one ounce gold buffalo. Then will start back over with incremental Silver purchases to continue to trade. Don’t have to storage space for too much silver. Would rather buy small amounts of silver than save the money incrementally to buy gold cause saving cash will get spent:) that’s my plan so far.
The background is all nice and all with the posh book covers and the swiss army knife, but it's missing a few bags of weed and maybe a bag or two of white powder. Also have a couple of lines already made up. If you really want to go the extra mile perhaps a syringe as well. You are most welcome.
My only main concern which has crossed most everyones minds, is the fact that all it takes is the government to make possessing gold/silver bullion illegal with having severe consequences after a certain deadline. Look at the push to remove the 2A from legal citizens? Making precious metals illegal to own, purchase, trade or sell is a far easier goal to achieve if they wanted to. Hopefully, you know lots of "like minded" individuals to work with or barter with in a cloak and dagger black market. Full well knowing you're opening yourself to be a target.
The trigger to picking up gold many a moon ago was an epiphany; seeing the historical price of a finely tailored suit costing the equivalent of one ounce of gold in the 1800's. The exchange remains unchanged today--a fine tailored suit still costs the same one ounce of gold. It has always been real money and will continue to be long after we all assume room temperature. Cheers!
@@dandelioncorsage It usually goes in this progression for me and those I know. Payoff credit card. Pay total at the end of the month. No car payment. No mortgage.
I'm buying as many silver buffalo rounds as my dollars can buy. I'm just converting into silver to make me feel like I have some wealth. I can't afford gold so I have to stick with silver as I feel time is running out and I'm trying to beat time.
I would like to know your take on gold bars versus gold coins, specifically bars versus AGE. It seems that since the premium is lower that gold bars might make more sense on a strictly financial basis but a little more boring than AGE. I am specifically speaking of 1 ounce gold bars versus AGE but would also be curious as to your comments on fractional bars in limited quantities within your stack. I have been looking at things much the same way that you have in the fact that 1 ounce AGE for each month of household expenses, 1/4 ounce AGE for smaller expenses as well as 1 ounce ASE and 10 ounce silver bars for more day to day purchases. I would also be interested in your take on constitutional/junk silver also for day to day purchases. And if you have read this through this far and still reading, thank you for the thought-provoking videos!
Fun Fact. I have worked in retail for many years. Every Sunday is price change day. Over the last two years prices of various items have gone up. One critical item has gone up 77% in the last two years. Wake Up America!
Always buy selling is easy , everybody always asks have any gold for sale ? Fill a pirates chest it's all treasure especially if it's gold .... Best time to buy when you can. 😎🏄🏽🌴🌺👍🏽🙏🏽🐬
The only way I see to make life work is to work every day, to make a little more than the day before. Two years ago I got a price quote for a new A/C or heat pump of 3800.00 dollars, today I got a quote from same people and product it was $11970.00. I am starting to see in these times it is going to be very hard to keep what you already have. Gold and silver is starting not to look as safe as it once did. Happy Days everyone.
I gambled 2 years ago when the scare of the SLV's being exposed (I't didn't). I got a couple of green monsters and let my CC's go to 30k. I really jumped the gun. Now I'm paying $250 a month interest. If the EMP hits the debt will not matter if the rapid inflation goes wild I'll pay it back with higher metal prices. If war hits then I would rather have the metal. I betting on the Don't Come bar (craps) If I'm wrong and nothing happens then I would have to pay off with the metal. But I am still in buying AU 1oz a month like you. I won't pay off the debt until this plays out. Just my story. Great analysis
Believe what you will, after all, "a man hears what he wants to hear and disregards the rest..." Human nature beckons us to "feel good." It would take a certain kind of masochist/paranoid to welcome hard times as if ennobling and heroic, in reality it is a haunting, demeaning, and physically painful experience. Let alone how it/they expose the viciousness inside any and all of us if and when survival becomes a true and inescapable daily, weekly, and perhaps monthly struggle. I'm more "Hope for the best, prepare for the worst." What the US government is up to in this administration in foreign policy is every bit as meaningful as a possible looming financial breakdown and/or bust. Too many wild cards. And going hungry (starving) is every bit as unimaginable as poor health due to chronic disease or other catastrophe in any form. I've experienced both and my perception of reality is therefore colored by experience---knowing "It can happen here." Minus that experience one cannot truly behold the worst case scenario in its potentially true and inescapable immediacy. A case of sympathy vs empathy. And unfortunately, too many psychopaths in power these days. The same element JFK confronted when his Joint Chiefs of Staff were bubbling over with the notion that "we can win" in a nuclear exchange. As JCS leaders Lemnitzer and LeMay expressed it with such enthusiasm, "the Soviets would lose 100 million, the U.S. a 'mere' 30 million according to their calculations. A "win" in their amygdala-driven pea brains In that their genotype exists in every generation, it is small wonder that they can gain access to the kind of power that permits their (lack of) conscience to run free and unbridled---after all, they're psychopaths. And pretty much with their non-military but ideologically-driven neocon think-tankers in charge over an incoherent and doddering old man in the White House. Precisely not the case when JFK made decisions for the nation. Hope for the best, prepare for the worst. Because it is different this time.
I've been prepping since 2008. Started stacking pm's in 2014. Got serious about it in 2020. As soon as I figured that election was stolen I knew inflation was coming.
There are no laws binding candidates running for political office to have to honor their campaign promises once they are elected. In fact the track record indicates that most of their campaign promises go by the wayside, once they are elected - they have the freedom to do whatever they want once in office, aka tyranny. Taxation without representation. Republicans = Democrats = 1-party CON job Regardless whom you vote for, they all are beholden to the same cabal who govern them. You get to select between one of the pre-chosen candidates, both of whom are on the same team.
There's no such thing as a "stolen election". Sometimes they want to make you believe that an election was stolen to lead you to believe that voting is important and that voting makes a difference. In fact voting doesn't make a difference, because both candidates are puppets of the same puppet-masters. Regardless who wins the election, WE are the losers.
If everybody is lining up to sell, it is a very bad time to sell. Regardless of what you are selling, you are going to take a loss. In such circumstances, we will all be fortunate to get a little below melt.
I agree. And if a total Mad Max scenario occurs with no internet etc. our metals would be absolutely worthless since nobody can read the daily price of gold set by the London Metal Exchange (if that institution would even be there in that scenario).
Constantly adjusting my strategy and having the discipline to hold on for the right percentages have more importance than the stack/prep itself, just like having the funds and knowhow to get ahead during a recession is more important than actually owning property at the time of a crash. Because I think more in terms of ounces and GSR, I don't see myself losing ground when it comes to precious metals. That doesn't mean I don't have anything. Water is going to be priceless in the coming years, and water that's already been purified will be guarded like Fort Knox used to be.
In a financial crash, my concern would be an abundance of sellers and very few, if any, buyers. Would desperate people be willing to sell that one ounce buffalo for $1,000. if that's all they're being offered? Thanks for the video.
The only thing you said that struck a cord with me is that gold is insurance against financial emergency. Its not an investment. Basic stuff. I don't know what else you were talking about. Maybe the smart people might know?
Sell your house... buy another house in the same suburb, same size, similar lifestyle... How much change do you get? How much return on your investement do you get after all those fees, charges, taxes, upgrades, bank interest etc. over the years. Most people only see money if they downsize or downgrade their lifestyle... So is real estate really a good investment or is it modern day slavery in disguise?
Hi there I am from Turkiye the only way to protect hedge we buy gold or house in 1 year house prices tripled like crazy avarage family can't afford a house at this point with average monthly wage it would take like 50+years to be able buy a house
I finally got to a place where I just don't care what it's doing today, this week, this month or who's screaming some new doomsday fomo script. Buy it. Play with it. Realize how neat it is to be able to own it... and put it away. Don't worry about the end of the world or buying milk with a Kookaburra or 1/20th Gold Maple... just enjoy the fact that historically, playing the long game will work to your advantage. Or your kids advantage. Gold = savings.
I haven’t forgotten your advice about stacking 1/4 oz gold over 1/10th oz. With prices dropping, and I do think prices and premiums are going to drop significantly, I’m thinking that ounces of gold rather than 1/10, 1/4 or even halves ate optimal stacking. “Optimal” meaning more bangs for the buck. For now though I continue to hold. Patients right?
While i would also prefer to have it and not need it instead of needing it and not having it, i must respectfully disagree with your argument. The fast zombie scenario would be far worse than the no zombie scenario.
I like your incremental take 1000, 500, 250, 50 or there about. Couldn’t grams come into play at some point? Seems to me that would be worthwhile in a SHTF scenario. $2000 just seems too much over reach on some big purchase. Just thinkin’ as a budget minded person, any of this could cover a $2000 a month household. Could it not? Honestly, the powers that be are not fearful of any SHFT zombie crap. Everything being tracked and all as it is. Let me throw this out there . Did you get your receipt?
Gold and silver, particularly silver, doesn't seem to be holding up in this high inflationary economy. Just as you say... PMs are not an investment they barely (if at all) act as a store of wealth. I'm selling to get into more real estate. I'll keep 10 oz of gold and thats it I am beginning to think Dave Ramsey was right about PMs
I don't understand gold and silver hoarding really. If the currency backing it implodes then it's just worthless hunks of metal. People will trade goods and services not gold and silver if things go that sideways.
Gold and Silver were real money many, many years before fiat promissory notes. Barter and trade also have pro and con. Takes quite a few potatoes, repair services, etc to purchase real estate/big ticket items.
When the shtf, I doubt I will be shopping for my next gold purchase or will others, or the demand for jewelry, or central banks looking to accumulate wealth. Metals are beautiful and material, at a reasonable price. I see the potential of metals losing half their value, in any situation. My personal goal is to be less concerned about inflation and interest rates. It will all work out for those who have half a brain.
I don't know but I think the walking dead is already in San Francisco and Philly. That being said, the only thing better than gold in a S.H.T.F. meltdown is a valuable skillset that people really need.
You don't see Gold and Silver as investment but you look at it as forced saving? you can force save into stocks and ETFs, it's no differennt from saving perspective, but the difference in growth is exponential.
Where I live in Alaska if you arrange it with the management the local Warehouse / grocery / gun store will let you make all your purchases in gold or silver Placer or bullion
You can have all the gold and silver on Earth. If you can't defend it what's the point? I'm heavily invested in lead & steel, which makes me an asset. I'm not a murderer, or a thief but my services aren't cheap.
