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Gold & Silver In A Financial Collapse: What To Do & How It Works 

Bald Guy Money
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12 сен 2024

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@baldguymoneyofficial
@baldguymoneyofficial Год назад
Join the Patreon Community: patreon.com/user?u=85209064
@baldguymoneyofficial
@baldguymoneyofficial Год назад
I post at least 1 exclusive video every week here - this past week I posted 2. My newsletters contain entry price targets to optimize your monthly stacking budget and the excel tools are a powerful way to track your stack! Joining also helps keep this channel independent and sponsor-free. Thanks for your consideration.
@rosebud3971
@rosebud3971 Год назад
As you may know, there is a widening movement by states to make gold and silver money again. Here's the latest: Tennessee Takes a STAND: Gold and Silver Bill PASSES House
@teru797
@teru797 Год назад
@@baldguymoneyofficial Private property doesn't really exist if they can tax it indefinitely.
@svetusik72
@svetusik72 Год назад
@@baldguymoneyofficial I really appreciate you being creative and not using bad language in this video. That’s fresh.
@myfaithfulsheppard9500
@myfaithfulsheppard9500 Год назад
I would like to know alittle more about stacking silver. Don’t have a lot but need to protect what I have. Thank you….
@jaynawilliams8923
@jaynawilliams8923 Год назад
We are retirees in our 70's. Having no debt is the foundation of our economic plan. We are debt free and gliding through this without a sweat in a pricey part of the USA on social security and hubbies VA disability. We are also stackers and put 90% of our savings in gold and silver.
@jaynawilliams8923
@jaynawilliams8923 Год назад
@@AMP98765 ❤
@JALRML1251
@JALRML1251 Год назад
Exactly. I'm 72, no debt, retired and comfortable. I'm also buying gold and silver as well. Bald Guy is 100 correct. Great perspective.
@silver-en7kl
@silver-en7kl Год назад
Yep you get it…..while the so called “experts” tell us we should only invest 5% of our portfolio into gold, in reality we should do the opposite of what they tell us and put 90-100% of our cash into gold and silver……after we’ve payed off our debts of course.
@MaMa-st2eg
@MaMa-st2eg Год назад
We are debt free on our homestead. We have built infrastructure to help provide most of our energy, some of our food and have gathered a small amount of supplies if things we use. We have an investment property, that has a tenant and more land to grow food or raise animals. We have a large portion of our savings in gold and silver, some crypto and some other private investments. We are better off then most and not as well off as others. We have done our best to ride through the coming storm.
@sarge27271
@sarge27271 Год назад
KUDOS Ma'am!! You are an example for all!
@kevinw9073
@kevinw9073 Год назад
Well done! Turned 70 this year. I Began stacking gold and silver in 2008 when NOTHING was ever fixed. I call that year my "pivot point." I have NEVER stopped my stacking of metals. I have no debt. NONE. I also have NO FEAR. NONE. Gold is my insurance and silver is simply the best value out there. I work part-time to buy even more gold and silver than I normally would have. I sleep better too!
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Stackers should be confident - not fearful. Thanks for watching Kevin! Wishing you a happy and healthy year ahead.
@kevinw9073
@kevinw9073 Год назад
@@baldguymoneyofficial "Spot on!" You keep up your fine work! Just returned from my LCD!
@davemi00
@davemi00 Год назад
70 soon and also got a job to Stack More. But, vax Mandates Stopped that. I couldn’t sacrifice my health for $25 hr. No Price was Worth that.
@raybans8712
@raybans8712 Год назад
@@davemi00great decision Dave
@tinker3962
@tinker3962 Год назад
Best single paragraph .... as cogent summary on the emotional-psychology of holding precious metals.
@interpolagent9
@interpolagent9 Год назад
90% of my wealth is in silver. I know it's contrary to popular advice, but I feel more comfortable this way . I have no debt, and my pantry is always stocked. Great video, BG!
@phoenixmichaels
@phoenixmichaels Год назад
Even though the conventional wisdom has a recommended 5-10% of your portfolio in a PM hedge, it really should be based on your level of alarm. To me, 5-10% is for business as usual times. Obviously, if one believed currency collapse is imminent, then a much higher percentage would be warranted. 90% is an extremely high level of alarm... but then again you are perfectly hedged and safe too... only trading away possible income from an actual income generating investment instead. If you don't need that, I say good on you. My level of alarm is high as well. I am looking at about a 50% hedge... considered outrageous by many and certainly any financial advisors. Cheers.
@TXLionHeart
@TXLionHeart Год назад
​@@phoenixmichaels I completely agree. I think diversification helps mitigate risk, and 30% gold, 15% silver, 10% broad commodities, 5% platinum, 15% bonds, 15% stocks, and 10% cash makes sense to me.
@interpolagent9
@interpolagent9 Год назад
@@phoenixmichaels , I simply don't trust government or banks. I prefer to have my assets in my possession. I appreciate your feedback, though. Cheers
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Hey Racer - at the end of the day you have to do what's best for you. There is no one size fits all for everyone. My message is - get into assets!! As you can see in the Turkish example, it's the only way to protect what you have. And!! As much flack as silver gets when people say "it's going nowhere" etc. Silver proved to be good protection against Turkish inflation - and that's a fact!!!
@tinker3962
@tinker3962 Год назад
Silver is he best and heaviest sleeping-pill known to humans. Silver hodlers sleep well at night.
@maxcactus7
@maxcactus7 Год назад
"I don't stack this stuff out of a place of fear!" Excellent message many need to hear, esp those who worry about confiscation. That will NEVER HAPPEN! Another excellent, clear-thinking video, BG, thank you!
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Thank you! I think the Turkish example clearly shows how confident we should be stacking metals.
@Gingerrrrsnapps
@Gingerrrrsnapps Год назад
Why would it never happen? Is gold illegal tender in Turkey like it is in the USA? Seizing gold and rebuilding a collapsing society on a gold standard seems like a pretty solid idea to me.
@maxcactus7
@maxcactus7 Год назад
@@Gingerrrrsnapps Gold is not illegal tender in the USA. In fact, ASEs and AGEs can be used as legal tender and have a denomination on each, though a person would be foolish to use them as tender as their value as metal far exceeds their face value. The reasons PMs would never be confiscated in the US are as follows. 1. Only aprox 1% of the US population owns ANY gold or silver bullion. Of that 1%, most own very little. We stackers are a SMALL community. It would simply be far too time, labor and resource intensive to confiscate PMs and any recovered wouldn't significantly help any problem they were trying to remedy. 2. Americans learned their lesson from the 1930s gold confiscation of FDR. NEVER AGAIN! Fool us once, shame on us.... 3. Americans own > 400 million firearms and those are just the ones registered since the NICS began @ 1990. Are YOU going to sign up for confiscation duty? I sure as hell am not. As for the idea of a gold standard.... while that would be BETTER than what we have now, it's still the foot in the door to fractional reserve banking, printing fiat currency to the moon, and all the other prroblems we're in now.
@FrankJensen68
@FrankJensen68 Год назад
In the US they did confiscation of gold once before....so....
@maxcactus7
@maxcactus7 Год назад
​@@FrankJensen68 They did NOT confiscate gold once before! FDR signed an executive order "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States" No gold was actually confiscated. Many people, out of a sense of patriotism or fear, VOLUNTARILY surrendered their gold to their banks in exchange for fiat. Do you honestly think most stackers would do that today? The fact is, less than 1% of the population today owns ANY gold or silver bullion, so there's very little in private hands, unlike 90 years ago. Additionally, people in general trust the government FAR less today than they did 90 years ago and we own a LOT more firearms. Confiscation of precious metals will simply NEVER happen! Confiscation of private property and retirement accounts is entirely within the realm of possibility, however.
@thinkfloyd2594
@thinkfloyd2594 Год назад
To reiterate Bald Guy's strategy, mine is very much the same. Real Estate made me a millionaire (tenants paid my mortgages but I owned the houses), and I am in the top 1% of Silver holders, and in the top 5% of Gold holders, plus some platinum. I keep about 20% of my assets in metals. His format worked perfectly for me as well. I retired at 53 as a result. Keep stacking!
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Thank you so much for your comment. This is very important that people see it is possible. Congrats on the early retirement and I love Pink Floyd too!
@ipenguin3918
@ipenguin3918 Год назад
Out of curiosity how much silver, and gold do you hold?
@gladysover5368
@gladysover5368 Год назад
Are you single?
@silverman5707
@silverman5707 Год назад
Good job and for site.
@Rhardebeck
@Rhardebeck Год назад
Real estate was the best move you did
@herbalannie7707
@herbalannie7707 Год назад
This video was right on point. I am watching this 3 weeks after it was made. Since then we have seen banks collapse and the world is ditching the dollar. So yes fear and panic has set in. Good that you are young and have been doing this for a while. Yes you can start over. I am a senior. No debt. Own land. Good health. I am currently converting 20% of my savings to gold and silver. Top loading fast. I also feel as others have said that food and everyday items need to be stored for barter and use. So glad I live in a rural area and know all my neighbors.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
All the best to you Annie. Thank you for watching.
@sipplix
@sipplix Год назад
None of us have been alive long enough to truly know what SHTF looks like.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
That's not a crazy statement.
@sipplix
@sipplix Год назад
@@zackaryst7847 our western democracies and our middle class comfort for the last 70-80years covers all age groups alive today. I wasn’t talking about China or Russia, the people of those countries are probably more ready for a SHTF situation than the western culture is.
@irmak7990
@irmak7990 Год назад
As a Turkish stacker, everything he says in the video is accurate. Economy of Turkey is even worse now but gold appreciates every single day.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Thank you for confirming what I said. People don’t realize how simple a total crash is.
@SovereignCajun78
@SovereignCajun78 Год назад
SHTF can mean a lot of things and being a "prepper" is just being prepared for a wide range of things that can go wrong. Catching a flat tire on your way to work with no spare tire can be an SHTF event. A kitchen fire with no extinguisher in your home can be an SHTF event. A very big event that happened to me recently was when my home was severely damaged by Hurricane Ida. Parts of my hometown had no electricity for months, there was no cell phone service for weeks due to the towers being damaged, you had to drive for several miles to find gas for generators. It looked like a war zone here. I've always had some preps for situations like that ahead of time, but afterwards I worked hard on putting aside additional things like a few handheld CB radios, 12 five gallon gas cans (filling up one each month), and a few other things. In a way, that mindset is what also led me to stack physical gold and silver.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Yes!! Exactly. Please tell us - how did you pay for things during the Ida issues and power outage? Was there a split of using different methods? I would love to know what you did.
@markmoffitt4699
@markmoffitt4699 Год назад
Good idea about the gas and then use the first 5 gallons of gas once a month to keep the octane high
@saeculum2738
@saeculum2738 Год назад
FOOD WATER ENERGY SECURITY BARTER-ABILITY WEALTH PRESERVATION COMMUNITY SHELTER
@richardmayeux9163
@richardmayeux9163 Год назад
Must be south Louisiana.
@TheQuickSilver101
@TheQuickSilver101 Год назад
I always appreciate the sane level-headed approach. Doing anything out of fear leads to poor choices/bad decisions. I'd always rather see a planned approach than the helter-skelter that comes with fear. Thank you!
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Like buying metals with borrowed money (credit cards, etc.). You are 100% right!
@SatelliteEngineer
@SatelliteEngineer Год назад
Bald Guy, I definitely agree with you. I've been stacking for exactly the scenario that you describe. The doomsday scenarios that others expect would have you stacking ammo, not silver and gold. Honestly, some of both are probably a good idea in either scenario. Another excellent video. You are the only RU-vidr that I listen to the entire video each week. Thanks again!
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Thank you for giving me your time and I agree with what you said 100%!
@therooster6104
@therooster6104 Год назад
The big difference is stacking is real money (assets) hold it physically and you own it . Build your savings and keep it close , because it’s starting to come apart , many are unaware of how dire things really are . Thanks brother 🙏🏼🤝
@helgisprengjari9643
@helgisprengjari9643 Год назад
BG 5 Out of 5 Stars ⭐⭐⭐⭐⭐ 1. ⭐ You are very remarkable and impressive. 2. ⭐ You cut through the small-talk. 3. ⭐ You are driven by a powerful sense of purpose. 4. ⭐ Vision with every ounce of your focus. 5. ⭐ Job Well Done. Semper fidelis
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Wow! Thank you for the amazing comment!
@jarrodmontague3424
@jarrodmontague3424 Год назад
Great vid! Appreciate the Turkey inflation comparisons - very tangible and applicable. Between my 401K, metals, and real estate investments (2 SF rental homes), my real estate has performed best in these last three years. Got between 5-10% of my net worth in metals, 50% in RE, and 40% in 401K.
@maureencombites6252
@maureencombites6252 Год назад
Thanks BG. Love that you speak to us with the facts in such a clear and concise manner. You’re videos encourage me to continue with the plan I’ve been working on. God bless you and may we all survive these changes without too much suffering or loss.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Thank you Maureen! God bless you too dear!
@jameshitt3263
@jameshitt3263 Год назад
You have a really good, collected, and considered perspective that I for one need to hear more often.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Thanks James. I am not trying to manipulate anyone here and I have said no to all sponsored videos. I hope you will enjoy my future content just as much.
@mitzibutler6415
@mitzibutler6415 Год назад
Your videos are so important, especially at this specific time.
@avalonunitygarden2394
@avalonunitygarden2394 Год назад
Great video, I believe we are all creating different experiences for ourselves. I worked hard to get out of debt, pay off my house, car, & cards. I have learned many skills such as what flowers and weeds are food or medicine and I learned how to dehydrate & can foods. I’ve also planted many food bushes and trees and also became a bee keeper. My pantry is stocked to my comfort level and now I’m stacking. For me I am comfortable with these choices however I realize I’m the odd person in my small community. Not many want to pull their heads out of the sand or sacrifice their credit cards in order to prepare for a “what if SHTF” scenario. Thank you for your sound advice.
@perminderjit1970
@perminderjit1970 Год назад
Fantastic balanced and practical training on what to do with Silver and Gold in case a crisis happens..thank you from Melbourne Australia. Keep up the great work, mate
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Cheers Mr. Singh! Thank you so much for watching and leaving your feedback. Wishing you a great day ahead.
@skepticcontrarian7477
@skepticcontrarian7477 Год назад
Great vid! I agree that your SHTF scenario is more realistic. Having said that, where you live is important to consider on how an SHTF will play out. Cities where rule of law is currently not observed and applied as it should be, I would anticipate as a skeptic, that pockets of a mad max scenario would happen, and would just gradually worsen. It is already happening.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Agreed, but much of what i am seeing in the West is still reversible and I believe the pendulum will eventually swing back the other way. I am an optimist - I admit!
@mattivation_inc.
@mattivation_inc. Год назад
I appreciate your vigilance in providing quality, evidenced based content. Thanks for the heads up about the Perth Mint story.
@DogBeast221
@DogBeast221 Год назад
I appreciate this tutorial as I have never received a coherent answer to my question as to the realistic mechanics of future transactions after SHTF.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
The problem is that too many RU-vidrs thrive on being vague. That doesn't help anyone in my opinion. Thank you so much for watching. I love your dog! I had a Miniature Schnauzer for years - sadly he passed last year.
@wildc444
@wildc444 Год назад
Anyone in the comment section that is talking bad about gold and silver doesn't know what real money is. Real money is not the fiat dollars in your pockets.Real money 101 is gold and silver.
@harryzero1566
@harryzero1566 Год назад
This analysis makes more sense than most. Your prep, in my opinion, should be about managing your life so that you don't have to use your PM until the chaos clears.
@dpirkl4560
@dpirkl4560 Год назад
That would depend on how deep the sheet gets, and how long it lasts. Some jews made it out of Europe because they had gold. Hopefully our leaders get their heads out of their behinds and prevent ww3 instead of starting it.
@MC-.-
@MC-.- Год назад
I’m debt free and have been stacking for just under a year and I have nearly completed a tube of eagles. I intend to save a tube a year. I’m 61. Hope I’m can cope with with coming crisis…
@kevinw9073
@kevinw9073 Год назад
Stick with your plan!
@MC-.-
@MC-.- Год назад
@@kevinw9073 yep!
@Wurstbrot5555
@Wurstbrot5555 Год назад
Remove that mask, it's not healthy to not breathe in your own breath
@MC-.-
@MC-.- Год назад
@@Wurstbrot5555 relax it’s just a picture. I hate wearing masks.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Good for you MC! Your plan sounds like a great one to be prepared for the multiple crises you will still likely experience.
@hosamelsharrawy6586
@hosamelsharrawy6586 Год назад
Hi BG, I truly appreciate what you do for "our community" of PM followers. Can you please take the time and do a 'bit' on PM use in CBDC scenario where cash is digital and fiat is obsolete... or if their wish comes to fruition. How can PMs be useful, or do you think will just have to revert to bartering?
@baldguymoneyofficial
@baldguymoneyofficial Год назад
I can certainly try to do that!
@throttle4593
@throttle4593 Год назад
Always appreciate your calm and considered perspective.
@phil6926
@phil6926 Год назад
I really appreciate your level headed balanced opinion! I agree that your version of the SHTF scenario is probably one of the most likely to play out. As a Canadian, seeing that the government can and will be able to freeze an individuals financial assets on a whim, and the prospect of all western “democracies” introducing CBDCs, likely before the end of the decade, I’d like you to discuss a scenario for PMs for those of us who will refuse to be part of the digital ID/ currency matrix.
@MMan-yo3ix
@MMan-yo3ix Год назад
Glad to hear other Canadians remember how the government can change the law and shut the banking down for anyone that disagrees with them ..
@ludencrewel5736
@ludencrewel5736 9 месяцев назад
Live here too disgusted by what is going to be our children's fight in the coming years can only stack and watch out for them now
@jasonhartmann3557
@jasonhartmann3557 Год назад
I love your financial philosophy. I couldn't agree more!
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Thanks for watching.
@janemortz8148
@janemortz8148 Год назад
Thank you very much for the information about the Perth Mint. I happen to have a few of those gold Kangaroos and the thought of it being diluted and no good kind of scared the crap out of me. I'm very happy I didn't go to my local coin dealer and try to get rid of them and it would have been at a loss. Gold prices have been shooting up.
@lcrumbley6215
@lcrumbley6215 Год назад
You are the only person willing to answer answer this question. Either no one else knew the answer or they didn't want to talk. Thank you.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Thanks L - I can't speak for other RU-vidrs but I can say that I am focused more on financial literacy in reality vs. doom and gloom. The reality for those poor retirees in Turkey is bad enough and is a reality that I think many Westerners need to get ready for!
@jaynawilliams8923
@jaynawilliams8923 Год назад
If you look at a chart of gold, it looks as if gold will break out once it makes this 4th attempt at breaking through the resistance. It will make it this time, if the historical charts are accurate. It's done it before a couple of times, 4 attempts and a breakout. But, we do live in a manipulated economy so anything could happen.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
I think the Silicon Valley Bank collapse could push us upward in the short term.
@jbear906
@jbear906 Год назад
Hello from Lake Ozark Mo. Much Love sent out in these troubling times. Thank you for taking the time to help those that don't understand what is going on grasp what is happening. 🐻
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Cheers! Thanks for watching.
@robwhite2282
@robwhite2282 Год назад
Another fantastic video brother. I’ve been prepping since the late 80s and you’re giving me some additional things to think about. I appreciate your wisdom.
@dm-fw3qu
@dm-fw3qu Год назад
You do a great job, btw. I like your straightforward, logical style. Keep it up. Subscribed today👍
@metaltracker1723
@metaltracker1723 Год назад
Enjoy the live streams BG. I cannot disagree with you. Solid points. Cheers
@baldguymoneyofficial
@baldguymoneyofficial Год назад
I am so glad you made the live chat.
@leveraction767
@leveraction767 Год назад
As a first time viewer, I subscribe to your belief that stacking for fear is foolishness. 40+ years ago, I started a 500K account to invest and the net gain (each year) from that account went to buying gold/silver and some other physical assets, to be held till death do us part. I have never risked my capital but I have invested the money that my capital created. It has worked very well for me, to date.
@cabbagesoup7879
@cabbagesoup7879 Год назад
Nice to have someone looking at both sides of the coin. Great video
@estherstone4860
@estherstone4860 Год назад
Gold and silver are an insurance policy. In an SHTF scenario, we would be bartering with it since no vendor accepting be accepting it.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Definitely an insurance policy that is always worth something in whatever currency is the leader at the time.
@vallejoborncalihasbecomeal9022
I bought a second home in 2008 when the market went down. I sold it 7 years later doubling my buying price. My primary home was bought for 136k. It's worth 650k today.
@quietstrm11
@quietstrm11 Год назад
This is the first video of yours that I've seen, and I'm very impressed. Great, level-headed perspective. Subscribed! 👍
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Thank you! I hope you’ll stick around for more content. Wishing you a great day ahead.
@quietstrm11
@quietstrm11 Год назад
@@baldguymoneyofficial Thank you, I definitely will be watching your videos going forward! And a great day to you, as well!
@soldierofpeace803
@soldierofpeace803 Год назад
This channel is right up there among my "Top Ten" favourite youtube channels...Always Great content...Thank you, "Bald Guy Money."
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Thank you! It means a lot to hear that.
@manuelmiranda726
@manuelmiranda726 Год назад
Very well said Sir. I could name a few silver stacker channels that like to scare new stackers into clicking their crap discount codes or their crap coins or silverbacks because silver is going to 50 or 100 or more. Stack when you can after paying your debts for the month. Great video in explaing silver/gold.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Silverbacks lol what a racket!! I will reveal very soon how much money I have been offered (as a small channel) to perpetuate some of the BS that other channels talk about (especially by mining companies). It will be an eye-opener for many people who watch content like this.
@MMan-yo3ix
@MMan-yo3ix Год назад
I'm liking this video. Been putting a little gold and silver away for twenty years and now can subsidize my pension..
@baldguymoneyofficial
@baldguymoneyofficial Год назад
That’s great!!
@jeffbishop6470
@jeffbishop6470 Год назад
You are so RIGHT ! Great comparison, love you channel. Been stacking since the Mid 1980's.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Thanks Jeff! That means a lot to me that the real seasoned stackers find my content valuable. Wishing you a great day brother!
@cheeseman417
@cheeseman417 Год назад
The 1923 Weimar Germany Scenerio, with the people carting around Wheelbarrows full of Marks to the local bakery has become ingrained as a cautionary tale, regardless, we should definitely stack silver/gold as a backup. I would recommend some canadian dollars and Euros as well in case one needs to leave the country and stay somewhere temporarily.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Having different currencies is another to protect yourself - absolutely! The thing about the Weimar story is that we forget money is mostly digital these days already. Carrying around a card means you can carry any amount that used to be expressed in paper - no matter how bad inflation gets.
@user-zy9eb6lk1n
@user-zy9eb6lk1n 11 месяцев назад
your message is on point, i own my house which is a major expense in retirement. Not having a mortgage allows me to get more silver and gold
@glennmurray9409
@glennmurray9409 Год назад
I agree with you in purchasing gold and silver, it’s taking me a while but I’ve managed to purchase 100 oz of gold and 7000 oz of silver. That’s how much I believe in our monetary failure will occur. I also have been taking out currency so I have that on hand.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
That's amazing Glenn! I would say you are safe from the harshest of storms.
@Bropann
@Bropann Год назад
In Las Vegas there was a major eminent domain event many years ago when the downtown area casinos wanted to upgrade to compete with the strip. Most of the small business owners who had property in the way of the "Viva Vision" attraction and other renovations were forced to sell, not for some use that would benefit the public (which is what eminent domain was meant to be used for) but rather for the benefit of the casinos in the downtown area. While I lived there I refused to go downtown. I wasn't foolish enough to believe that it made any difference to them. But it mattered to me. As far as being compensated those businesses were to be compensated at the assessed value so the assessed value was determined by those who were 'friendly' with the purchasers rather than those friendly to the sellers of impartial. That is certainly what I heard, anyway. That isn't to invalidate your basic point but to in return point out that "It ain't necessarily so" every time.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
It certainly happens - it’s very rare. One could argue that allowing those casinos to grow attracted more tourism and generated more economic activity. I’m not saying it’s right - but it’s rare.
@CanadaLifeVlogs
@CanadaLifeVlogs Год назад
Thank you for sharing your experience. Living through complete collapse of fiat... gold is GOLD and always gonna be best money and inflation henge.
@rickengman
@rickengman Год назад
I agree wholeheartedly, most of the "Preppers" I know dream of the Hollywood SHTF senario. Beans, Bullets and Constutional Silver... I have these things also but in reality there will be a Post SHTF world that won't be like Mad Max. It's that world where the new Gettys and Rockefellers will be made. I don't know if I'll see it in my lifetime but my Kids will. My goal is to see that they have a place at the Table, it might not be at the Head Table but being in the room is better than living off the scraps. Great Video as usual, looking forward to the Discord Channel.
@michaelcurtis8317
@michaelcurtis8317 Год назад
Love your content, and appreciate your willingness to put the time in to pull in current SHTF events like Turkey's crisis. You have an important voice at this time in our country's history. Please keep it up!!!
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Thank you Michael. I am very glad you enjoyed the video. I am releasing a data heavy video on gold shortly. I hope you’ll tune in.
@RattledAwakeBooks
@RattledAwakeBooks Год назад
All I can say is: ya better hope those ounces can be magically converted into digital dollars to spend.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
I believe they will be.
@johnfowler6189
@johnfowler6189 Год назад
I agree. If we reach the point where the only legal tender is CBDC. The world central banks will have enough power to make the government outlaw any trade or possession of PMs. Anyone remember Nixon in August 1971 doing this?
@leveraction767
@leveraction767 Год назад
Watching along (first time) and I get to where you are speaking to real estate ownership. In the U.S., there is no such thing, due to taxation. Failure to pay taxes on that land leads to losing that land. Simple as that. Anything which is owned on paper and is required to be taxed is not owned but rather it is held for the state, until such time as it is transferred.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Income earned on real estate is among the lowest taxable incomes in the country. What’s more is, when you sell at a profit you can roll the the money into another property and pay no tax at all. That’s a way better deal than working for someone or owning a small business and paying taxes up the wazoo.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Thank you for watching and adding to the discussion by the way. I appreciate it!
@cindypatterson4429
@cindypatterson4429 Год назад
Great 👍 illustrations ! I shared some with my daughter! And she understands! Thank you!
@baldguymoneyofficial
@baldguymoneyofficial Год назад
That is amazing! I also try to pass this on to my children - it's important to understand! Wishing you and your daughter all the best!
@pavlovssheep5548
@pavlovssheep5548 Год назад
if i had to barter silver for food/goods i would rather use an old silver constitutional coin , or a small piece of jewellery than a big shiny one ounce coin
@chadmartindale
@chadmartindale Год назад
I stack silver and gold so I can leave a big pile of it for my wife and kids when I kick the bucket some day. I will also put a note with it instructing them on how to properly sell it for what it’s really worth so they don’t sell it at a garage sale or pawn shop and lose all of its value.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Good idea on leaving instructions.
@jessetaylor4234
@jessetaylor4234 Год назад
I personally know someone who is retiring on gold. He stacked 1oz gold coins for most his career. Basically he can cash a couple coins a month as spending money for the next twenty years and be fine. That’s on top of his wife’s state retirement and having no debt.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
That’s great! Wishing him the best.
@DogBeast221
@DogBeast221 Год назад
How does he cash the gold coins? Meaning via what institution, bank, coin dealer?
@jessetaylor4234
@jessetaylor4234 Год назад
@@DogBeast221 He uses a local coin shop that he built a relationship with. I myself have a broker with the company I buy from, because they pay premiums.
@chadmartindale
@chadmartindale Год назад
I am planning for the natural disaster events (I’ve been through too many) that disrupt the normal local economy. On a larger scale (national or world), I don’t think the boundaries that make up real estate will be honored. I’m looking at how to sustain myself and my family for a long enough period of time to weather out the storm or economic conditions that are a temporary SHTF scenario. Food storage (freeze dried), water storage, fuel storage, generator, solar, batteries, and guns/ammo. Silver and gold stacking is a good prepping strategy for long term protection…or it’s just a fun way of saving.
@Bropann
@Bropann Год назад
I recall, when I lived in Las Vegas some years ago, where imminent domain was used to purchase property in downtown Las Vegas to build a tourist attraction in order to entice tourists to come to the downtown area casinos. Those casinos were, (and for all I know still ate) losing tourists to the "Strip" and wanted to do something to deal with that problem. Since the owners of many of the businesses downtown didn't want to sell they resorted to that tactic, that theft. I admit I am somewhat sketchy on the details after all this time but I recall when it happened and being really furious at the time.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
There are stories - specifically related to businesses & eminent domain - but the average person will never experience it. If you were betting on a sports game and are given the same odds on 2 teams, but one team is vastly superior, which team would you bet on? Sure, maybe 1 out of 100 times the inferior team will win, but you wouldn't bet that way. The same applies to investing and preparing for the future - bet on what is most likely to happen.
@gregsanford3848
@gregsanford3848 Год назад
I'm 60 in Australia no debt,and just sold my farm,bought 32oz gold for 80k aud,and stacking silver,relocating to Asia,to be with my wife in village life,we have 4 small businesses for income,we own everything 100% just sit on gold n silver❤
@baldguymoneyofficial
@baldguymoneyofficial Год назад
That’s great Greg. This video may interest a gentleman in your position: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-BEWTK3sXsu4.html
@spydude38
@spydude38 Год назад
Spot on Bald Guy. For anyone doubting if we could ever find ourselves in a financial SHTF situation, all you have to do is go waaaay back to 2008. Many people today don't realize just how close the entire world financial markets across the globe were from a worldwide depression. Financial crises typically develop over a long time and then something breaks over night and the SHTF. Did anyone see SVB's collapse coming outside of SVB and financial regulators? Nope. Is anyone aware that there are at least four other banks that lost half their value on Friday afternoon? Not many. The threat comes from the unknown of just how many other banks out there are overleveraged as was SVB and if they start to collapse will there be a contagion that impacts more than just a few banks? Lets hope not. Is it time to be crying, "the sky is falling"? I think not, but then again how long did it take for Lehman Brothers and AIG to collapse? It went very quick.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
The scary thing is that it’s always a domino effect because they all lend each other money.
@ryanmoe5302
@ryanmoe5302 Год назад
Outstanding perspectives on a bubbling platform of insanity around us. Thanks again. Love it
@bcnugget0
@bcnugget0 5 месяцев назад
Is new subscriber from canada. I like your content very informative. I listen to a lot of stackers and other investors.And I love golden silver
@baldguymoneyofficial
@baldguymoneyofficial 5 месяцев назад
Thanks for the sub!
@gerardovazquezdemiguel5622
@gerardovazquezdemiguel5622 Год назад
Bravo ! You did again produce a practical and to the point video. I am proud of you ! Many blessings Thanks
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Thank you man!! All the best.
@bryansmith6054
@bryansmith6054 Год назад
Back when I was a kid you could get a gallon of gas for $.25 Silver quarter and with a dollar you could get 4 gallons of gas. fast forward to now that silver quarter can still buy you a gallon of gas today how much can you get with today’s dollar certainly not a gallon of gas.
@PabloTBrave
@PabloTBrave Год назад
It depends on a huge amount of factors including if it's a localised or world SHTF but I doubt precious metals will be of much use during a serious SHTF scenario it will be useful after recovery has started . During SHTF people aren't going to swap gold and silver that essentially do nothing for vital fuel eater food etc, as without the latter you will die .
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Agreed! I hope that part of my message came through in this video. Have a great day!
@blakkat531
@blakkat531 Год назад
In that case lead will become a PM as well. I have a friend who casts his own bullets. He would be in need of lead to hunt game, the same with powder and primers. Don’t forget about hand tools. My cousin was a gem broker who travelled to Brazil, and Africa in the 90’s and rather than cash, most of the miners he dealt with wanted tools and weaponry (knives, hatchets, etc.) I think you need to go into it with not so much a “what will I need?” Mentality, though it doesn’t hurt, rather a “What will others need?”
@ewinmac3561
@ewinmac3561 Год назад
Great video as always. I always laughed when I heard people talk about taking a 1964 dime to the grocery store and buying a loaf of bread! Most cashiers can barely make change without looking at the register let alone knowing about what and when coins were silver! But fractional is good to have for possibly converting into spendable fiat. :-) Ebay is a good source for that too. As for "Stacking", I view it as "Savings", a little each month, every month.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Everyone knows I am not the biggest fan of Junk Silver - but I do have some and I even bought a little on this dip on top of some of the Britannias I bought.
@ewinmac3561
@ewinmac3561 Год назад
@@baldguymoneyofficial I recently bought the dip too, picking up 9 silver Krugerrands. A classy coin!
@dpirkl4560
@dpirkl4560 Год назад
@@baldguymoneyofficial this might be the one thing I can critique. I prefer constitutional silver, not only do I feel it's more accurate in definition and there is nothing junkie about silver. Each his own though. Keep up the great content, great channel for beginners or seasoned investors/stackers.
@susanvaughn741
@susanvaughn741 Год назад
Thank you for your thoughts. They seam more relevant since you are not a metals dealer.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
I am not sponsored either!
@vlastimiljanko8638
@vlastimiljanko8638 Год назад
I like your channel...a lot.... you looks like very sincere guy who has only good intention with your listeners but also I'm watching few others that looks exactly same like you but some of them has that doom-and-gloom tone even if they saying they don't want to be that way and interesting thing is that at some point at some period of time many of these channels starting to promoting same ticker symbols like uroy or goldmining Inc I'm not necessarily saying that it must be bad thing but it gets you thinking... Appreciate your work and it also gets me thinking quite a bit after almost every of your videos... so thank you very much and wish you the very best with your Channel. I think with the content that you providing is just totally crazy that you have only fifteen thousand subscribers!
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Thank you Vlastimil. It is no coincidence other channels are promoting the same ticker symbols - I was recently offered $2000 to do the same for one video. I said no even though that is more than I make in one month from Adsense. I respect my viewers and have a message of truth to get out.
@toddwilson7682
@toddwilson7682 Год назад
Very good information. Thank you.
@parentbuzzkill22
@parentbuzzkill22 Год назад
I want to believe that gold/silver stacking will help. My concern is the Federal reserve, etc manipulating prices of gold/silver. Also the Fed now starting, I don't see them letting us have or being able to use other forms of money . Do you have any videos that address this scenario sir? Thank you for sharing
@baldguymoneyofficial
@baldguymoneyofficial Год назад
I talk about it here a bit: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-MocunabilMM.html
@cropduster8798
@cropduster8798 Год назад
I see it as any money in the banking system is dead money so what have we to lose. We are out of debt all prepped up so it's the only place in my opinion to put our monthly leftover. We don't have enough to buy more property. It is what it is.
@pavlovssheep5548
@pavlovssheep5548 Год назад
during Venezuela recent economic troubles people were using small silver items to barter .
@baldguymoneyofficial
@baldguymoneyofficial Год назад
This is anecdotal. Most people are using dollars in line with my fiat lifecycle chart.
@markbarnaart2381
@markbarnaart2381 Год назад
Good morning this is a important video ! SVB is a SHTF situation for the people who had money in their bank .
@baldguymoneyofficial
@baldguymoneyofficial Год назад
100% - I might cover this in a mid-week video if I have time.
@markbarnaart2381
@markbarnaart2381 Год назад
@@baldguymoneyofficial. Great !
@stevedunham1710
@stevedunham1710 Год назад
Thank you, do have some roos and more, good news, good comments.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Roos are fantastic coins and Perth Mint products are completely fine. Thanks for watching.
@SilverSergeant
@SilverSergeant Год назад
Another good one, BG!!! Your SHTF scenario makes a lot of sense.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Thank you Sergeant! Sending my best wishes to you!
@EroticOnion23
@EroticOnion23 Год назад
Regarding the Perth Mint “dilution”…Problem is that there is VERY little room for error when working with such low quantities of debasement. Say if you got the gold from the bottom of the crucible, it could perhaps be 9995 (or lower) instead...sure the whole "batch" might average out to be 99992, but there will be higher and lower depending on the concentration at any certain location...
@baldguymoneyofficial
@baldguymoneyofficial Год назад
But all products passed the test. There was just a small technicality that the Chinese were unhappy about with there being more than 50 parts per million silver content in the bars - it's totally inconsequential to the gold content.
@EroticOnion23
@EroticOnion23 Год назад
@@baldguymoneyofficial who really knows though...There could have been more but maybe Perth cut them a deal/discount. It would be very easy for a smelter/country to "rework" the gold so maybe not a big deal for China, but it would be nigh impossible to do so for a layman. In any case, I'd be hella pissed if I got 9995 (or lower) gold when it should be 9999, on purpose or not...😅
@cropduster8798
@cropduster8798 Год назад
I saw it as a scare tactic to keep the masses away from purchasing the shiny.
@emannn58
@emannn58 Год назад
Nice, sensible video, as usual. Curious to know out of all investment resources (funds), the percentage BGM allocates to physical precious metals? (Not referring to a percentage of total net worth or paper precious metals or mining stocks -- in other words, if one had a total of 100K for any type of investing, what percentage would be allocate to physical precious metals.)
@baldguymoneyofficial
@baldguymoneyofficial Год назад
I will be revealing the full split of my portfolio on Patreon soon. That said, I can consider your topic for a RU-vid video on the split of that theoretical 100k. I have been meaning to do it for a while so please look out for it.
@emannn58
@emannn58 Год назад
@@baldguymoneyofficial Excellent
@goodman8498
@goodman8498 Год назад
This is an excellent video as it help me fall asleep. Many thanks
@baldguymoneyofficial
@baldguymoneyofficial Год назад
No no… thank you :)
@Reshtarc
@Reshtarc Год назад
Got to save a bit longer to get more gold. At about 1.5 oz now. Over 220 oz silver all ready. I diverted my silver funds to gold and have to wait longer for things to add up but they do. Only spend what you have extra after bills and life take their share.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
You will get there! Fingers crossed it happens very soon.
@cityofjoy8830
@cityofjoy8830 Год назад
Your point regarding retirement in 🇹🇷 was very good and inflation proof. 😊 That woke me up.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Cheers!
@cityofjoy8830
@cityofjoy8830 Год назад
@@baldguymoneyofficial any advice for new comers to this. Target for first year policy etc..
@baldguymoneyofficial
@baldguymoneyofficial Год назад
For starters I would say watch videos like this and learn! Then set a goal. Maybe something like 1/2 to 1 ounce of gold and 20 ounces of silver to start. Ultimately you have to decide based on your budget.
@Sniper.925
@Sniper.925 10 месяцев назад
At this moment in time, whoever hasn't started buying silver. Should not, they should definitely waste their extra money on emergency food when the SHTF. You're not going to be able to eat your silver. And most people who have food are not going to trade away food For silver, food is everything
@baldguymoneyofficial
@baldguymoneyofficial 10 месяцев назад
The economy will still exist in SHTF. Even if the currency or government collapses. History tells us this.
@HistoricMetals
@HistoricMetals Год назад
I'm not the slightest bit paranoid about anything but I DID start a precious metals history channel because I know that history repeats itself too. My wealth is in silver, gold, platinum, freedom seeds, pew pews, actual plant seeds, various kinds of on grid and off grid capable tech and all the "camping" gear one would need for a nuclear winter -- and in a very horizontal departure from the norm, a couple dozen electric guitars and a dozen other synths, drum sets and other instruments of various types and brands and vintages, and a couple of classic Porsches. These are all things that I can use and enjoy and I've been able to accumulate them over time with a hundred bucks here or there or a few hundred or a few thousand there at most for the cars, but it's not like I am stacking real estate properties, because I could neither afford that in the short term or do I care to manage that kind of responsibility. As a result, I have a substantially valuable collection of rare and interesting physical assets that I could easily liquidate piece meal to get by, and the metals stack, which is quite substantial in its own right I might add, as deemed by your very own "top stackers" video is the long term inheritance plan for generational wealth for my already adult daughter. Everybody does it differently, and like you said, everybody sees it play out differently in their minds, but I'm feeling well prepared to either weather my old age with fun toys I can sell to get food if I need it, or to survive in a ... much harsher scenario. Either way. I'm good. I am currently 54 and if I keep putting back silver and gold at my current rate till I retire in a dozen years, I will be very very very good. Another video that is full of genuine information and data. Thanks!
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Thanks for watching. I will check your channel out. Fingers crossed for your success!
@HistoricMetals
@HistoricMetals Год назад
@@baldguymoneyofficial EH, last post was 7 months ago, but i had a solid 2 month run of content videos weekly that you might suffer through and somewhat find interesting. The live streams were all auctions and not evergreen so skip those, but I AM proud of my "winged liberty isn't a DUDE (merc dime)" video and my Morgan dollar one. Heck all of them I guess aren't TOO bad, if maybe a little stiff in the narrations. But I went out of the country for the holidays, let my Adult ADHD get the best of me, and my cameras are dusty now. I have so much neat historical currency and metals stuff that I bought to do videos with, so more is going to come... I must.just.set.perfection.aside.and.hit.record. Sigh.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Don’t give up. It’s all about consistency.
@HistoricMetals
@HistoricMetals Год назад
@@baldguymoneyofficial
@christallett6708
@christallett6708 Год назад
All very clear and useful information...thank you.
@jda1961
@jda1961 Год назад
i;m big on silver, have some gold, my opinion is reale state is too over valued right now like most all things except gold and especially silver. but if you run across a good deal and don;t have to borrow money then go for it. i think when the SHTF everything crashes, gold silver real estate srtocks, everything. cash will still be worth something for a short time but it will crash and burn too. after that? who knows how long it will take for people to wake up to the oldest form of wealth preservation thats been the main kind of real true value for thousands of years and that gold and silver, and land too if you did'nt pay ten times what its worth. i truely believe god is in control of this whole thing, so lets prepare fior ourselves and those loved ones who have been rolling thier eyes at us for the past 6 years.
@kbchicks9978
@kbchicks9978 Год назад
First time viewer here...Thank You! Your video was very informative and covered several points of interest. I'm looking forward to watching some of your previous video's and new ones coming up. One question while it's on my mind...thoughts on stacking copper?
@baldguymoneyofficial
@baldguymoneyofficial Год назад
This video may help a bit: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-CVxgx-KnF3k.html
@kbchicks9978
@kbchicks9978 Год назад
@@baldguymoneyofficial Thank you!
@jameswest7945
@jameswest7945 Год назад
Your starter goals are reasonable for emergency fund for most people
@bobandmaryw4336
@bobandmaryw4336 Год назад
Thank you for this timely example.
@scottsavary4351
@scottsavary4351 8 месяцев назад
I started stacking the day after the 2020 election was stolen, every paycheck I bought silver. Now I'm buying gold every paycheck.
@24carrotgold8
@24carrotgold8 Год назад
I pay all my recurring expenses at least one year in advance. This reduces my fiat currency stored in the bank. I already have lots of metals, but won't need to convert any for at least a year after the SHTF scenario. 💰
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Cool approach!
@GOLDnSILVERStacker
@GOLDnSILVERStacker Год назад
Hey Bald Guy, remember you did a video on traveling with precious metals, I believe I asked you if crossing a boarder with say a 1 oz GML would that be considered an oz of gold or $50 Canadian but you weren't sure, well I have the answer for you at least for Canadian Boarder Services. They told me coming back to Canada after a vacation in the states a US Mint 1oz Gold Buffalo is considered $50 US and a 1oz Gold Maple Leaf is considered $50 CND both these coins fall under currency and do not need to be declared unless I am carrying $10,000 of any cash or legal tender gold coins, and a 1oz gold round is considered 1 oz of gold.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Thanks for much for the follow up. I will have to look for the story.
@dougkulm9665
@dougkulm9665 10 дней назад
Another way to politely say it is “When the excrement meets the rotating blades”, .
@rosebud3971
@rosebud3971 Год назад
As you may know, there is a widening movement by states to make gold and silver money again. Here's the latest: Tennessee Takes a STAND: Gold and Silver Bill PASSES House
@baldguymoneyofficial
@baldguymoneyofficial Год назад
In a way, it could be argued that it never stopped being the best form of money.
@john316godlovesyou5
@john316godlovesyou5 Год назад
Another Great video as always! Thank you and God bless!
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Thanks! Right back at ya brother!
@biggbbear6300
@biggbbear6300 Год назад
Sometimes I wonder if there are not bots out there talking negative about silver gold because if you really don’t like silver gold, why are they even watching this video?
@baldguymoneyofficial
@baldguymoneyofficial Год назад
I think they are just trolls - hard to understand what motivates them to click on these videos.
@attilaa2065
@attilaa2065 Год назад
Great work Bald Guy !
@RepuBlicOfChaD
@RepuBlicOfChaD Год назад
Finally hit the 1,000 ounce mark at 40 and I'm still stacking 💪 No debts plus multiple maxed out yearly retirement accounts Roth IRA, 457b, and a pension. I'm doing better than most but still feel behind
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Congrats man! Don't compare yourself to others - it's you against you! And if you're making progress, you're winning!
@sanpedrosilver
@sanpedrosilver Год назад
I’m almost bald. See you there (discord) soon. Cheers on another fine upload 👍🏼
@baldguymoneyofficial
@baldguymoneyofficial Год назад
I "kind of" figured everything out last night between the public and private channels. I will likely be sharing it by Friday.
@hienienguyen6766
@hienienguyen6766 Год назад
aww wow this is really an eye opener for me. I love this information.
@baldguymoneyofficial
@baldguymoneyofficial Год назад
Glad it was helpful!
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