This is what I do. Knowing that debasement of currency is never going to stop. I use gold as my savings account. The bank savings account or physical cash stash is just for an emergencies. So as far as percentage it's irrelevant to me. Simply keep a set ammount of bank savings, cash, and then convert extra currency as is comes in to gold.
If you don’t trust the banks and fiat currency, wouldn’t it make more sense to have a much higher percentage in Gold and Silver, so when the currency collapses you will be in a good position to prosper?
It also depends on if you're a baller or not. It really just depends on if you can be bothered to actually buy stocks regularly.. if not.. getting addicted to gold seems like a nice way to save money. Sure, it doesn't directly gain value.. but compared to simply holing money in a savings account, it basically is like watching your money grow.
Great stack!, I’ve only managed to accumulate 13 gold and 520 silver past three years., almost half of my earnings since I’m setting up for living off the grid and hardly no debt., doing both at the same time., wealth preservation and self sufficiency., both strategies do make sense.
Gold mining is absolutely horrible on communities, nature, water ways, humans, with all the chemicals poured into the ground not to mention human workers.
I feel precious metals are a safer loss than other items. I feel precious metals are a safer investment with less of a risk of failing. My question is, how long do you hold onto your precious metals before you sell....tyvm. 2 years before I retired, I moved my 401k into precious metals, its doing well so far....
Great advice! I'm an Apmex customer myself and I love the service. Just wish the premiums were a bit lower, but I don't have anything bad to say about my experience with Apmex. 👍
I see it as a hedge against the US Dollar. The US Government will find itself in a debt death spiral if deficit spending policies are not corrected fast. They already have 8 trillion that was near 0% renewing at 5%+ next year. I know the pattern because I went bankrupt myself 10 years ago. The first thing that happens is your 0% balance transfers go away and the debt costs you more. You can’t pay it off. Like just about everything, it goes slowly at first and then very fast.
In Islam, more than 85g gold is considered rich because when one get to that limit they need to give alms/charity around 2.5% of the total you own. The alms will be distributed to the poor, needy, single mothers, orphans. The same goes for silver which if you reach the threshold of more than 595g you need to give 2.5%. The conditions for both gold and silver to give alms are they need to be in your posession for one full year. If your gold and silver is less than 85g and 595g respectfully, you don't need to give alms. 😊😊😊
Wow! That's not much at all. And is a reasonable expectation to achieve. Unfortunately Americans are gluttonous and think you have to have hundreds and thousands of oz for it to mean anything. Peace be unto you and yours ❤
@@TheQueendom-AuUnfortunately Americans are tolerant enough of free speech that people like you insulting us all day while giving other non-American cultures/customs free passes because they are somehow "diverse" (and we somehow are not) are a dime a dozen.
always excellent content. If you get a chance to start EQ'ing the audio those lavs are kind of heavy on the bass end with not much top end making it kind of harder to hear some of the articulation of his words. Thanks for the video!
My 2 Cents: 1) Keep these metals at less than 5% of your net worth if your net worth is below $500K. For every $250K above that, you can increase your metals by 1%. 2) With credit card interest hovering around 21%, NEVER stack if you have cc debt. 3) Metals are “savings”. Some will argue they’re “investments”… they’re not, unless you’re holding for more than 10-20 yrs. Invest in no-load mutual funds, established dividend stocks, real estate and fixed income deposits (CDs, $ markets) while you stack. Stacking is smart; diversification is NECESSARY.
5% would be fine in a sane, functioning economy. Today's economy is an athlete with terminal cancer. Looks great right now but the tumor is already untreatable.
LOL.. what a load of crap. "Experts" will never make you rich. The stock market is doomed. Precious metals prices are being suppressed. By Xmas 2023 the US Dollar will collapse. 190 banks on the verge of collapse, Citizens was on that list.
@@mikalsweeny3143 Yes if they only saved 5% they would have that much in precious metals that will still have value but lose the other 95% of their holdings to the dollar collapse.
Percentage of portfolio - it's difficult to get more precise than that since everyone has money in different investments, some quite complex. Good question.
Ignoring all other asset classes and only investing in two: currency in a bank (earning interest) and gold. You would know that your currency in a bank is being inflated away through central bank "money printing" at a greater rate than you earn interest from the bank. This is why gold always appreciates in value over the long term because the fiat used to measure that value is always depreciating.
Gold investing at 20% is fine if you trust banks and Wall St. with 80% - I don't. Anything less than 50% is like playing roulette with monopoly money to me.
I've always wanted a big, pirate chest in my secret room [ yes, I do have one ]. When opening it, I wanted to see it filled to the top with gleaming gold and silver with a few jewels here and there to add sparkle. What's wrong with that?
I don't know why we always have to talk about this in terms of percentages. It's much more simple than this. 3 to 6 months of living expenses in physical cash held outside of the banking system. Enough Silver & Gold to account for your expected lifespan. For the average middle class American, this is going to mean 900 ounces of Silver & 36 ounces of Gold per year or 350 ounces of Silver and 43 ounces of Gold per year. If you're in the upper middle class, just double those numbers and multiply by at least 10 or the number of years from right now that you expect to live under ideal conditions. Start thinking in ounces instead of percentages. Stick with 22k Gold coins, preferably Eagles, but have a few Krugerands as well. Smaller increment Gold is more liquid on a local level, and having a variety of Silver in 1 ounce increments and fractional 90% is your best bet.
You should add a disclaimer at the end saying- " I know, I know that 500 oz. of Gold and 15,000 oz. of Silver is more than beyond the reach of just about everyone on the planet, and currently, King Charles doesn't need that much for living expenses, but I let my calculator run a little wild and this is what I got."
When you speak of a portfolio, and in particular what percentage to attribute to gold, what assets comprise the portfolio? Cash? 401(k)? Stocks? What about real estate? What other kind of property? I realize it will vary, but generally speaking, what makes up 100% of one's portfolio?
I consider anything I could sell as an asset and lowball the estimate. Ie- My house, car, guns, stocks, cash, and metals are my net worth. My appliances, food, furniture, clothing has virtually zero resale value so I don't count them.
@@michaelearlgreyI’m not sure what the resale is like with guns, but I feel like property gold stocks etc if left five or ten years will have appreciated Vs most cars, you would have to pick something you know will hold or gain in value
Do you endorse selling silver to buy gold? What's your view on this? I bought too much silver imo and now think I would of been better off with gold coins. Silver price right now is high!
We have a video coming out in the near future that lays out the "rules of thumb" for trading the gold to silver ratio! Keep an eye on out on the channel for it. We don't have any official position on the strategy itself and can't endorse a particular tactic, but some people swear by ratio trading. We'll show you some things to avoid and some things to look for in the upcoming video if you want to give this a try.
PM investors say that silver is so undervalued now that it makes no sense to convert it to gold, which is priced at almost historic highs. When price ratios change and get closer to the historic 20 to 1, then it's time to convert to gold.
How much is enough? Try to hit 50 ounces of gold and 1,000 ounces of silver per person. That is 100 ounces of gold and 2,000 ounces of silver per married couple. That is enough.
Which investment forms suggest more than 10 percent portfolio into gold? It was my understanding 10 percent was the highest number, not the low, so just checking objectively. Thanks
Real economics is not taught in schools and almost everyone believes paper is money, investment advisers say " Gold doesn't earn any interest", and others say"Gold is an outdated relic from the past." I've heard "Ignorance is bliss"- We will see, won't we.
PMs have helped me because I don’t trust me! If I have funds in savings, I spend it, same with cash at home. So PMs become my savings because I can’t readily spend it.
Probably none- invest first in your necessities for survival. Life is more precious than gold. When you can begin to think about saving for the future is the time to start thinking about investing
I don't buy gold. I sell dollars. I accept gold and silver in exchange. One functions within a banking system. The other functions outside the banking system. My concern is with the banking system. I don't trust it.
Is gold really worth it to buy ? In terms of the short term considering taxes and overall cost of upfront purchase then trying to resell when I actually need the liquidity, is physical or gold stocks more worth the cost ? Because it seems to be when people speak of gold their not being specific to the short term or Long term approach to justifying the purchase. Let me know your thoughts , thanks anyone
It can be. Many years ago I was lucky enough to buy gold when it was under $300 per ounce. Some time later I sold my gold for a modest profit, because I needed the money for a major expense. Is it a good idea to buy gold as an investment right now? That's a tricky question. Gold is up near its all-time high. Fans of gold will claim that it's going to keep going up forever, but take a look at the long-term chart of gold prices and it'll give you pause.
Colloidal Silver can be made at home and is the world's most broad-spectrum antibiotic, antiviral, and antibacterial [fact]. Because its use is medical and will be in your bloodstream, use only .9999 purity silver, not .999, except in an emergency.
I'm sorry . . . But 5% or 20% of what ? ? ? Og my yearly gross ? . . My bi weekly check ( after tx or before tx) . . Again . I'm sorry . . I do not understand 5% of what ? ? ?
If I understand the video correctly that's a percentage of your total investment portfolio. For example, if you have $100,000 saved up for retirement in stocks, bonds, your bank account and so on, adding 5% gold to your portfolio would mean getting $5,000 worth of gold.
Are u gonna eat the gold when everything goes to crap? I’d buy ammo n food that lasts. One Dorito or bean is worth more than a diamond of any size if you are starving
You're not wrong but if you actually have serious money you'll eventually run out of space and shelf life. I had preppin food going bad before I could eat it so I started into metals. Ammo has a great ROI. Plus there's a ton of scenarios where people AREN'T starving and the economy is collapsing. Hate to miss gains betting on the wrong item...
