How Much Gold & Silver Does a Person Need? Retirement Cheat Sheet

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How much gold and silver does a person need? 3 oz, 12 oz, 24 oz, 50 oz, more? I'll give some thoughts and the data and math I've used to get there. Here's the formula used in the video to figure out how much gold to have by age.
Your Income * 0.08 / Spot Price = Gold ounces
Age multiplier:
1x by age 30
3x by age 40
6x by age 50
9x by age 60
12x by retirement
Example: A person making $90,000 annual salary would have 4 oz of gold by age 30 if they used this model. This is not financial advice, or even a hard and fast rule. This is for entertainment only. Cheers!
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Опубликовано:

4 авг 2022

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Комментарии : 726

@georgegriswold7164 Год назад

Good advice as always! Should be .08 not .8.

@2is1gold Год назад

Thanks George. I need a T.A.! 😂 (The calculated figures I use are correct. The decimal point stated is wrong.)

@87Kaylen Год назад

@@2is1gold Ha I was just about to speak to this as I'm building an excel model. Originally I was dumbfounded by the .8 multiplier, once I did the .08, all lined up. Easy fat finger error!

@Malice_Lonewolf 4 месяца назад

The .08 makes a lot more sense I was like jez thats a lot of gold Id need lol

@johndonahue4391 Год назад

I'm 48 years old and I currently have 80 ounces of gold and 150 ounces of silver !! Also own 20 shares of the S&P 500 And my home is fully paid off !

@2is1gold Год назад

Very nice!

@PauloH7I Год назад

Cool ! Good job !

@bc_usa Год назад

Nice! Where do you live big mouth? Rule #1 Never tell people how much gold you have sitting around.

@fragu123 Год назад

…is there a special reason, why your numbers are so small in Gold? 🤔 I think, in your age, you should own at least 3x age which total to almost double of what you have. Silver is OKish I’d say and a bit of share and at least some property too. So, you need to force yourself towards a more acceptable number in Gold… just my 2 cents😮

@randyramey3430 Год назад

Very nice John. You are doing a lot better than the average person who owns no precious metals.

@jimc.4550 Год назад

i really liked your numbers. you did great research. the one thing you missed is what i call the FU factor. let me explain the fu factor that happened to me. i stacked since age 7 and worked two jobs from age 16 to age 45 putting all the cash from the second job into rare coins, silver and gold bullion. in 1980 and 2008-2011 i sold part of my stack at a high price to pay off house and land and when the bullion price went back down started stacking again. then at age 53 the fu factor hit me. my blood pressure dropped to low while i was sleeping and i woke up blind in my right eye and 90 to 95% blind in my left eye. i see a little but its cloudy. then my income became social security. i get $1475 a month with the gov't takes out $170 a month for my medicare. the gov't requires you to buy a medicare supplement and drug insurance. this cost me $490 a month as i believe in buying the best insurance you can! this leaves me $900 or so a month to pay bills. so if i had not gone hog wild buying bullion and rare coins when i was younger i would be totally screwed now. my advice to all you younger stackers is buy every ounce you can, get out of debt before the fu factor gets you!

@edb3877 Год назад

Thanks for posting this comment, Jim. You bring up the critical point that many things can and do happen in life and some of them can absolutely ruin all of the plans that we've to that point. I am glad that you had the foresight and dedication to your plan to cover the "fu" factor. Many people have never even considered this and they most definitely should.

@2is1gold Год назад

Glad you had that FU fund. Take good care!

@MUHAMMAD-ej5lv Год назад

Thank you for the advice

@lindawade9647 Год назад

I am so sorry for what you have gone through. It was fortunate you had purchased precious metals. You aren't required to purchase Medicare supplement insurance or drug insurance, though.

@inittowinit928 Год назад

Wow that’s good advice

@nazgul1779 Год назад

I’m from The Netherlands and here people are not “busy” with buying gold or silver for pension or early retirement etc. Not as Americans do. I have about 350 grams in gold bullion at this moment and my goal is to achieve 1000 grams within the next year. I have some silver also but not much. I’m not rich, but i have a good income. I also live my life and do the things i want, not waiting for later. I am 52 years and i have colon cancer at the moment, but i will recover from this. But this changed my life. I love gold, i love the color, the weight and the attraction it has. I actually don’t care about how much gold i own, i just want to provide for later and for my kids who can later enjoy the “family treasure”. 😉. By the way, i love your posts on RU-vid 👍

@2is1gold Год назад

It's clear you have a great outlook and attitude. Thanks for spreading it. Here's to a quick recovery! 🤜🤛

@ferebeefamily Год назад

I said a prayer for you Nazgul. I like your attitude and philosophy on metals.

@bertverwoerd 2 месяца назад

I hope you've been recovering nicely Nazgul! ❤

@thingamujigger1585 Год назад

If a person is disciplined and lives within their means and pays their home off, their monthly expenses become very small. The "freedom" that comes with that is absolutely priceless.

@2is1gold Год назад

Completely!

@Fanta.... Год назад

Agreed. debt free home owner here at 38. I can now be more choosy with where i work and how much i work. I currently have a great job so Im just squirreling away as many nuts as i can, before i become unemployable.

@tomharris8036 Год назад

except property taxes dont go away... so remember the monthly payments go down but every 6 months you got a mortgage payment or better in taxes..

@demolitiondan1188 Год назад

I disagree with that comment. I have no mortgage, no car payments, but with 2 teenage boys and a wife to provide for, my property tax, utilities, gasoline, food and other necessities our monthly costs are around $3.5k/month….

@poremechen Год назад

@@tomharris8036 property tax in Croatia is only one time 3% of the amount which you pay for purchuse of old accomodation (for new buildings vat is added automaticly). With new minister of finances that just arrived, and no wonder he is coworker for WB and MMF, he is anouncing property tax in the next 2 years. How does property tax work in US or elsewhere for that matter?

@AndreasPinkert Год назад

Whenever he says “covering income loss in an emergency”, I am thinking of my father in law who suffered a stroke and 6 months of several additional medical catastrophes. My mother in law did not even know how to operate the lawnmower and killed it with tractor diesel. If she had stood before a stash of gold instead of a bank account full of cash, I would know exactly how that would have ended. So make sure you get you family or whoever you trust in that boat so that they know what to do with your metal.

@2is1gold Год назад

Important point.

@ferebeefamily Год назад

Good information.

@TrashTube-rt9jw 7 месяцев назад

I think about that all the time. My in-laws would take it to a pawn shop and say Whatever you can give me 🤨

@Sola_Scriptura_1.618 2 месяца назад

No matter how much Gold and Silver you have stacked, you never have enough!

@Sola_Scriptura_1.618 2 месяца назад

My rule of thumb is 2 ounces of Gold per household per month of retirement. So I started collecting today, I would need to collect 720 ounces to last me 30 years; better late than never.😮😮

@tripledividefarms2177 Год назад

Im 51 my wife is 54 our pm portfolio is structured thusly right now: 65.5% gold (42oz.), 12.5% platinum, 22% silver. We have been buying pm’s since 2008. We invested 10% of our net income into pm’s because we both got burned bad in ‘08. PM’s looked resilient and, if I measured our investment in dollars, I’ve made better on my retirement in pm’s than in stocks. We have sold from time to time, and those sales helped support our youngest son through medical school without taking a loan out. We will continue to buy the deals right up until we are at our cozy number then relax and watch our beef and lamb grow.

@2is1gold Год назад

Metals for medical school sounds like a good trade!

@christophervo8228 Год назад

Medical school is really big pharm indoctrination

@briantlougan810 Год назад

Decades ago Texas oilmen used the term "unit." "That's when I earned my first unit." A unit in that context was $100 million. Living at quite a bit more humble level, I have appropriated the term to mean 50 oz gold. A unit=50oz of physical, bullion gold. Which gets you to about $90k. If you can afford it, more units is better. Nice to have at least one.🙂

@2is1gold Год назад

I like that. Cheers!

@longisland_stacker631 Год назад

I have 9oz at age 27, i made a goal for myself to have 30 oz total in 10 years…. Going to be tough but going to give it a shot

@hzj7920 Год назад

Saving for the retirement for husband and wife for 20 years with 2oz of silver per day + 1oz gold per month for these special occasions. I calculated ~15,000oz of silver and ~250oz of gold. I do believe there will be a significant shift for the worse in the quality of life in the west as the financial debt bubble pops. Planning for more “off the grid” scenario and with minimal government influence lifestyle eventually..

@joergkalisch7749 Год назад

500 kg Silver 🤔 I would shift some to gold rather

@jiminycriket Год назад

@@joergkalisch7749 DEFINITELY. Storing close to HALF A TON of silver is needlessly expensive and unnecessary. Especially when you could easily convert the bulk of the weight into gold.

@timfool 8 месяцев назад

Unless your doxed on here and lose it all. I don't trust people enough to say what I own on the Internet

@dibrentley7915 2 месяца назад

we decided to buy the kids gold 30 years ago because it was in lui of a private education we sent them to public (govt ) school. The kids did ok and I cant remember how much they ended up accumulating. But my sons first car cost him 1 oz of gold after he had learnt to drive he sold the car to his sister for 1 oz of gold she learnt to drive then sold the car for the equivalant price of 1 oz of gold which she bought. Roll on a few years, they have sold their gold to add to their cash for deposits on houses. So those little $600aud gold bullion did their job well. both kids are now very savvy with money both strong savers and know the worth of gold. My daughter mentioned to me the other day that when she bought the car off her brother I made her hand over the coin to him (I cant remember doing that) but it drove the lesson home she said.

@The-Crazy-Coonass Год назад

Two ounces of Gold per month? Your RU-vid channel must do very well. Most people would have a hard time doing 1/10 oz per month.

@2is1gold Год назад

The 2 oz of gold a month is the end of the goal, not the way it's built. Cheers!

@timfool 8 месяцев назад

😂😂

@othalabro8663 Год назад

Saving precious metals really opened my eyes: physical assets, equities, etc. I need to make more money. There is something about PM that makes saving and making money more enjoyable! I wish I started sooner then twenty-eight years old.

@2is1gold Год назад

You started before me!

@cyclingphilosopher8798 Год назад

You started way before me as well. Apart from increasing your pay, don't forget the basics: - pay yourself first, - let time do the heavy lifting for you: after about 15-20 years compounding really kicks in - avoid lifestyle inflation (a.k.a. lifestyle creep) by focussing what truly adds quality to your life, which often is less than you think.

@sbentsen2714 Год назад

I'm just starting at 34, I hear you. Better late than never!

@RealPsychoChef Год назад

Started just this year as a 30 year old.. really wish I started 5 years ago.. this channel inspired me to start saving Gold. Gotta say it’s life changing!

@gwynedd1 Год назад

I would not worry much about savings in your 20s other than forming it as habit . Your main source of income is labor . Buying an education, a franchise , starting a business, equipment and tools and/or a new suit for a job interview is where your money should be going. My first shinny metal was scrap copper when I was a construction laborer , and it was beautiful when I could get a piece of it. Late 20s and early 30s often defines the career path and by 35 its quite predictable. You is the most inalienable asset there is. Diversification in one's old age is just the next best thing. Once that cash flow starts then you can pick up as much as you like. Thomas Mun of East Indies company warned that hoarding gold does not compete with circulating capital and I think the fate of the Spanish /British empires prove it.

@elaineweddle7267 Год назад

When I see these videos I am totally blow away by just how far I have to go. I don’t have an official retirement as of yet. I am saving small small and purchasing precious metals. Within 10-15 years I’ll be ready. Slow and steady is working for me.

@2is1gold Год назад

Slow and steady is the way to go. Cheers!

@theambiguoustruth8167 Год назад

You will get there! One step at a time! Remember the turtle beats the rabbit in a long race!

@spydude38 Год назад

We all have to start somewhere. It is never too late to take control of your future. Make a plan, stick to it and time will be your friend. There will be ups and downs but the thing to remember is that so long as you stick with your plan, over time you will be better off.

@risingphoenixstacker 7 месяцев назад

I worked as a financial planner for over 15 years. Before going into law, I ran a group for US Trust. I no longer give financial advice, but you are one of the few people who should follow. I like how you use it as an asset class for mid-to-long-term cash holdings and your willingness to sell it to leverage your money better. I'm starting my youtube channel to give the stacking community another voice of reason.

@johntempleton265 Год назад

Just getting into stacking and find your content extreamly relatable and useful.

@InGratitudeIam Год назад

J. D. Rockefeller was once asked how much was enough. His answer? "Just a little more."

@2is1gold Год назад

I think switching gears to coast at some point would be healthy. Clearly, I’m no Rockefeller! 😅

@1kzrider Год назад

Great job in breaking this down. Personally I don't know anyone with so much in metals or even in savings today. The struggle is real. I wish I had the numbers you shown in savings.

@rd9102 Год назад

That's why i like this channel. Always smart and intelligent analysis but also the reality of personal choice without all the extraneous garbage a lot of channels push.

@2is1gold Год назад

Thanks!

@Wookietown Год назад

I have trouble separating "percentage of savings" from "how will it be used". They are closely tied together for me. Precious metals don't "perform" for me. So they are a percentage of my wealth that does not generate monthly income. But they represent 1. diversity, 2. inflation hedge, 3. currency stability hedge, 4. and anonymous wealth outside of the government's prying eyes and sticky little fingers. With that said, at the end of the day I have percentage goals. Your video does a great job of showing one approach to figuring out how much a person needs. I like to cook. When I am cooking something new, I will review several recipes that all look good and then my actual meal will be my personal tastes that draw something from each of those recipes.

@2is1gold Год назад

Considering information from multiple sources beats following one set of instructions any day. (Unless you're military. 😄)

@SalivateMetal Год назад

Excellent approach to this topic sir. Well done!

@2is1gold Год назад

Thanks Sal!

@noicue8078 Год назад

Great video. A sigh of relief for some viewers, for others maybe not so much. But definitely an eye-opener. Thank you. 👍

@2is1gold Год назад

If I had a nickel for every time I saw something suggesting I should have more savings, I would have covered the difference!

@martinjolicoeur766 Год назад

Thank you very much for this advice! Now I have a plan!

@mdavid2100 Год назад

Great video, thank you. It's tough being retired and trying not to spend any of the PMs and accumulate more. Living modestly has helped.

@2is1gold Год назад

Thanks!

@michaelmccoy2847 Год назад

Great topic! I liked the numbers review. I really like folding precious metals into overall retirement goalposts as the decades go by. Thank you for your efforts! More like this please 😄 PS Red Dawn (original) was terrific! Best wishes to all!

@2is1gold Год назад

Thanks Michael. Have a good weekend!

@edwardhubbard9769 11 месяцев назад

I’ve now watched this twice and saved it to my play list. Thank you….❤

@2is1gold 11 месяцев назад

🤜🤛

@steveheaster6202 2 месяца назад

Great information! Thank you it puts my plan into perspective

@JHawthorne Год назад

“Subsidizing” is a great word to use. Awesome video!

@2is1gold Год назад

Thanks!

@Varxiva Год назад

I'm new to investing in precious metals, looking to make my first purchases soon. Interesting concept, to start with silver. Makes sense - wouldn't want to have to barter for something like food with only gold coins worth roughly 2k. Thank you for the informative video. Love your Count of Monte Cristo book on display.

@yourdailyblockchain Год назад

Your thinking makes a lot of sense - great vid

@2is1gold Год назад

Thank you!

@5.0beers70 Год назад

Good video, I will use the info to guide my precious metals goals for the future.

@2is1gold Год назад

🤜🤛

@TacticalTimmyGoldandSilver Месяц назад

This is fantastic and very sound advice. Keep up the hard work we love seeing these well thought out videos. They truely are inspirational.

@sergiofaenza9170 Год назад

As much as I appreciate your common sense approach to gold topics, I equally appreciate your folder selection. Top notch 👍 Especially that Holt!

@3B-TM Год назад

Good conversation, always watch and enjoy your channel! 💪😎👍🇺🇸💰🙏

@demolitiondan1188 Год назад

This gave me a new perspective on PM stacking. I’m 20 ounces from reaching the 50 oz goal. Thanks!!👍🏻

@2is1gold Год назад

Nice!

@goldeneye70 Год назад

@@2is1gold Gold alone I'm in the 32 club

@goldeneye70 Год назад

@@2is1gold But here's the worst part, most of it I had to pay taxes on because this was before my governor decided to repeal the bullying bullion tax. I could have saved thousands of dollars but I did get retroactive refunds from some vendors like liberty coin To the tune of about 2000.

@goldeneye70 Год назад

@@2is1gold I would guess you're in the 100 oz gold club

@72cmcinc Год назад

Can I ever have enough?? Great timing with the "nerdy" stuff as the kids just headed back to school : )

@2is1gold Год назад

Grab an extra fancy calculator for extended planning! 😄

@TheRazzaManazza Год назад

Practical, useful, informative. You're very easy to listen to as well. 👍🏻

@2is1gold Год назад

Thanks, Razza!

@thehoff4581 Год назад

Well this makes me think about my strategy differently. Thanks!

@2is1gold Год назад

🤜🤛

@keith4449 Год назад

Great video!

@2is1gold Год назад

Thanks!

@lpandy21 Год назад

Thanks for making this math lesson easy to follow.

@2is1gold Год назад

🤜🤛

@nwalker2619 Год назад

I also think of my precious metals as a back up if I can't work for a while. Right now 1 oz of gold plus a little bit more would cover mortgage, and 2 kilo bars will cover other basic expenses. That's how I look at it, and just like you I would use any fiat first. And hopefully, I'll never need it and can roll it over to retirement or even pass it on to my kids.

@2is1gold Год назад

Solid plan. Cheers!

@itsbjorn Год назад

Great Info...THX

@2is1gold Год назад

🤜🤛

@romanmiles7403 Год назад

GREAT INFORMATION

@theambiguoustruth8167 Год назад

Silver is amazing plus the industrial side gives it way more upside potential!

@harryzero1566 Год назад

I generally liked the structured ratios given, percentage of savings etc. However I think its more important to recognise currency as wealth in transition. If its not earning interest over and above inflation, any currency designated as savings needs to be saved in a tangible asset. The whole point of savings is to be able to release its stored value at a time of your choosing, and with any luck never to completely exhaust one's supply. The wealth stored in precious metals is just the initial half of its virtue, the other half is knowing how to release its value BEFORE you have to. Therefore, how much fractional, and diversity of tangiable assets also needs to be understood.

@TheQuickSilver101 Год назад

I've been saving metals as a part of my retirement plan. I make sure to diversify and as long as I'm investing in other ways too I will sometimes overbuy gold. Also, my personal expenses are way less than what you cited. That helps make saving and investing the extra easier. Thanks!

@TheQuickSilver101 Год назад

@@zorkman777 I have a wife, two kids, a house, a dog and a car that I include in my personal expenses. I guess I must be unusual in the amount I spend (or don't spend as the case may be).

@2is1gold Год назад

I'm always surprised to see that $5,200 household expense number as an average/mean.

@edb3877 Год назад

@@TheQuickSilver101 Agreed and I can relate. Before I retired I had ramped up my savings until it was at 40% of my gross income. That was at a time when most financial advisors were trying to get people to save 10% of their gross income for retirement. That included funding a 401k plan, a couple of IRAs, and a taxable investing account. Was that easy? NO! It was not but it was *necessary*, in my judgement. Wife was not happy with this but she went along with it. A year after we were retired, she came to me and said, "I'm so glad that you made me save for retirement". I found out later than 2 of her friends at work, who had not done this, had to return to work to make ends meet, especially for health insurance.

@brianingram2068 Год назад

Some folks may do mental math of calling their expenses the sum of "mortgage, car payment, utilities, groceries, gas." If you do some budgeting process where you account for every dollar coming in & going out, you may find (as I did) that your monthly spending is much higher than you might have thought. It could also be lower than the "average" if you live in a low cost-of-living area.

@gary1j Год назад

Great topic!

@2is1gold Год назад

Thanks!

@MistressRavenIvy Год назад

I ❤️ this kind of stuff, Thank you

@2is1gold Год назад

Thanks!

@birneapfelphilipppaultrier9301 Год назад

Good as always!

@2is1gold Год назад

🤜🤛

@ferebeefamily Год назад

Thank you for the video.

@2is1gold Год назад

Thanks for watching!

@tomtharos4440 Год назад

Good advice. It’s situational, but at sometime it may become necessary to hold via a trust, be it vaulted physical or exchange traded, e.g., Sprott.

@2is1gold Год назад

🤜🤛

@cphipps1969 2 месяца назад

This came up in my feed & I assumed it was new until you said “use $1,800 an ounce as the price for gold”. Ha, big change in the past year!

@blastoffbat3820 Год назад

Excellent! Great job, I got the ''Cheat Sheet'' ''NUMBERS!'' Thank you so so much! Your video was extraordinary, very very informative. I was ''TRIGGERED'', hehe. I commend you. Please continue!

@Cosmystery Год назад

woah.. where do you get that the average income in the US is 90k? thats way off

@root.li.23 2 месяца назад

That’s household income, 2 people or more

@spydude38 Год назад

Enjoyed this. Thought provoking for anyone who is stacking for the future. By having something to focus your purchasing decisions on, it allows you to have control of your future.

@2is1gold Год назад

🤜🤛

@633ohioc Год назад

Another great video. 👍

@2is1gold Год назад

Thanks!

@R._L. Год назад

Great topic. Really liked the take this channel's previous guest Lior Gantz alluded to several months back: 12 to 24 months of expenses stack up in gold, not so much as investment, than as insurance.

@2is1gold Год назад

Yeah, I like Lior's take too. Cheers!

@lindawade9647 Год назад

This was an excellent, helpful explanation on how to estimate savings and buying precious metals to sustain a standard of living, or in an unforseen health situation, or catastrophe. Thank you. This is a good way to estimate what amount of precious metals to aim for.

@steveciarico9824 Год назад

Good job!!

@2is1gold Год назад

Thanks!

@edb3877 Год назад

Great topic, so thanks for taking this on. As part of the maybe 5% of Americans who are not afraid of a little math, I really appreciate this video and the approach it took. I used math of my own to determine how much silver and gold should be stacked for a very uncertain future. My thought there was that I would rather be wrong with too much than too little. Because of this, my silver and gold stacks are well above what the video indicates is enough. I don't know - maybe the term "enough" has different meanings to different people? In any case, I would rather store extra wealth in gold and silver for the long term than in fiat paper, all of which have either gone to zero value or are in the process of doing that. Politicians simply cannot resist the allure of over-printing a currency and that approach to national finance *always* fails in the end. I have 3 purposes for owning PMs and they are: 1) as a form of supplemental retirement income; 2) to be certain that I can cover the property taxes on our home, regardless of the probable issues that could prevent us from doing that; and 3) as the usual inflation hedge, savings program, and financial insurance. Currently about 19% of my net worth is in PMs. But I am not limiting my planning to just PMs, good as they are. I also have stocks, mutual funds, and ETFs (about 48% of my wealth) plus a good amount of cash (about 33%). I like the all-inclusive approach to financial planning and being well diversified is my goal. Financial history shows pretty clearly that the diversification of assets works better over the long term than just about anything else. Yes, one can get lucky and own an asset that shoots up to the moon on rare occasion but that's about like getting dealt a royal flush in a high stakes poker game or something else of very high reward but very low probability of occurrence. Covering the bases for what seems most likely to happen is where the bulk of my wealth is and, IMO, that's where it should be.

@2is1gold Год назад

Agreed. Plan for what's likely, but stay diversified for what's possible. Cheers!

@edb3877 Год назад

@@2is1gold Nicely summed up. Putting more of our resources where the probability of need is highest seems good to me. I do know that some weird things could and just might happen but I like using the odds when planning.

@edb3877 Год назад

@@2is1gold 👍

@davidkalman5691 Год назад

I've heard a better calculation is 25 x planned annual spending is retirement savings goal. Based on 4% annual withdrawal rate. Divide that amount by price per ounce of gold equals total ounces. Divide total ounces by years to retirement equals ounces per year to buy. This protects from running out of principle. Also assumes price of gold moves roughly with inflation. Love your content.

@2is1gold Год назад

Good take - 25x makes sense. The trick is to get the spending down! Cheers!

@dr.g6105 Год назад

commenting for algorithm. Always a great job. Thanks man.

@Stretch1931 Год назад

The hard part is using that calculation based on the age groups, and the normal incomes you had at those ages. When I was 30, I wasn’t making anything near what I’m making today. So the amount saved wouldn’t have scaled correctly, which would mean my older self would then be burdened with picking up the slack of the younger self to more aggressively save. Or I could force myself to live the lifestyle of my childhood and have no expenses or debt, which is usually unlikely as we age and involve ourselves in more things. So I love to see the math. But all I can say is, start early, and be aggressive, and learn to go without in order to retire early. Don’t be selfish like I was when I was younger and squandered all my savings because I could or other various factors. Just learn to go without. It’ll also be good training for the times when you are laid off/unemployed etc. Sure, it’s not sexy to your partner(s). But what I think they would find sexy is your slim waistline from not overindulging every chance you get, and the number of zeroes on your bank account!

@2is1gold Год назад

100%. It's a rolling number based on income at the time, but there aren't good average mean numbers broken out by age. Expenses change dramatically over time as well. Math will only get you so far (unless you're better at math than me)! 😅

@66block84 Год назад

I spent most of my 20's getting laid off from various jobs. So I went back to trade school at age 26 for 2 more years - had to move to get a job. It paid off, now retired with an IRA, pension and Social Security. The last 22 years were with the same employer - thus the pension & IRA.

@edb3877 Год назад

@@66block84 Very well done, IMO. This is the kind of thing that happens when a person sets a comfortable retirement as a high priority life goal. Such things do not just happen on their own. They happen because the person doing them was dedicated to a goal and sufficiently disciplined to achieve that goal. 👍

@edb3877 Год назад

There are only a few really solid parts to financial success and if a person does these things their chance of financial success increases substantially: 1) invest in your own skill set via education and training; 2) work hard; 3) save religiously, no matter how small the amount; 4) invest wisely because very few people earn enough money to save their way to a comfortable retirement and other life goals; 5) spend very carefully; and 6) choose a great spouse who is aligned with your goals and willing to help you achieve them for both of you. Agree that a lot of this is not "sexy" but then success often comes in a plain brown paper wrapper and not one that is all glitzy and gaudy.

@jeremythreat844 Год назад

Some baller ass comments! Great advices.

@Eli-qr9hc Год назад

Great research. But there may be some newer stackers and may need an explanation of how you would use the gold that you saved up. Like having enough for 3,6 or 12 months. Meaning how you would use the gold once saved up. I’m approaching 1k oz Ag. And 8oz Au

@VerticalStacker Год назад

Makes sense to me. Practicality is a good approach. And while I suspect you have positioned yourself to be recession-proof, I think a couple of years of savings in metals is a great plan. As it relates to savings and retirement, well, metals should really only play a small role in that overall financial picture. Just too many gains to be had elsewhere to pile it all into metals. I prefer junk bonds, lol. There’s some financial advice 🤷🏻‍♂️😉

@2is1gold Год назад

Ha! I agree completely on not having gold overtake possible growth assets. Get some of that money working for you so you don’t have to work for all of it. This coming from a couple of guys that probably went overboard on a gold purchase or two in their lives. 😄

@4metoknow Месяц назад

thank you for information do you / could you do a video on the implications of insuring your bullion? ty

@GetIrked Год назад

WOLVERINES!!! By the way, you had me at “math.” As a massive statistics nerd myself, I’m now convinced you’re my bestest friend ever. Don’t be creeped out… I’m not coming for you. (… of course, that’s exactly what a crazy person would say. 🤔) In all seriousness, this video is one of your absolute best - entertaining, full of shiny, and chocked with absolutely awesome insights. Thank you! 🙏

@2is1gold Год назад

Hey, thank you! I feel like I missed an important note or two about how averages, means and medians work and how not to get discouraged if you’re on the wrong side of a recommendation. I love goals and I prefer them if I have to stretch to get there. Cheers!

@michael-oj4lk Год назад

Very good video, I like your research. I agree on the gold in oz's for long term savings and retirement, However Im not sure I agree with only buying in oz's. If your unemployed and need to sell it to pay monthly bills till your back on your feet, great solid plan; but dont forget grams work just as well and are cheaper. If your in a SHTF situation gram bars make far more sense. What are you buying where you need to be spending a whole ounce of gold at a time? Grams bars, 1, 2.5 and 5 grams sizes are, I feel the best buy. They are easy to get so your stack can grow quick and they are far more useful more often. Again I could be wrong, but I really liked this video.

@janicejohnson1334 Год назад

Informative . . . Funny, In according to your charts & numbers . . I'm on track - so that menas I am not wrong in my line of thinking . . . If I have spare change or a few extra dollars . . That goes into my PM jar . . and then I go shopping for the high metal content at the most affordable price for me . . what works for me "MAY NOT" work for you . . but at least I'm doing something - which is a lot better than doing nothing

@2is1gold Год назад

Absolutely!

@daleyfamily2179 Год назад

Is that a milk spot on that silver eagle lol. Good video. I spent 20 years in the insurance industry and no one I ever delivered a life settlement check to ever said to me, " I wish we would have bought less life insurance". More is better, less is not as good.

@2is1gold Год назад

Not a milk spot. Liberty's chest seems to be a hot spot for dings. Cheers!

@Fanta.... Год назад

assuming the company doesn't find a way to weasel out of paying. filthy maggots they are.

@silverliner4894 Год назад

I've been around awhile and I saw the 1980 run up and I saw the 2011 run up as well. I know silver is a long shot and I know gold is solid, no pun intended. Hindsight is always 20/20 and right now I wish I had bought more gold instead of silver. I have 4,300 ounces of silver and only 24 ounces of gold. That's why right now I'm focusing on gold. Gold is what the banks have because it is a tier1 asset and I think you gave a great evaluation on what you should have

@2is1gold Год назад

That’s a lot of silver!

@silverliner4894 Год назад

@@2is1gold Yeah, 75 ounces away from 300 pounds. If I had to move it in a hurry it wouldn't be fun

@burke9497 Год назад

Great video. You do nerdy stuff really well. But I’m sure you’re not a nerd.

@2is1gold Год назад

Ha! I appreciate the vote of non-nerdiness! 😂 Have a good weekend, Jeff!

@excelsiortrading8050 Год назад

It's scary you're into multiple of the same hobbies as myself, I notice in your background a midtech premium knife, a leather bound book and a premium pen plus journal lol, now we just need to get you into premium mechanical watches such as Swiss like Hamilton or tissot and Japanese such as seiko and orient lol

@Ontariostacker 6 месяцев назад

LOL, love the Red Dawn reference

@billconstantino8491 Год назад

Well happy to report, a year to the day I purchased my 16th ounce , mostly buffaloes, I will try to keep up the pace , but very pleased so far ,,, BC

@2is1gold Год назад

Nice! 🤩

@tianchengqi5787 3 месяца назад

you knife collections are so cool. man mind sent a list of your knife collection? i want to go check every single one of them

@adamsisolak4262 Год назад

Whatever you can get your hands!

@randyrandall2148 Год назад

I think the 12x income figure is pretty accurate. I would say that's a minimum. But it's difficult or impossible to count in dollars (which are constantly being depreciated). Gold works I think and I appreciate the way you look at it. For me though, rental real estate is critical for retirement. I also understand your logic for not buying silver. Still, I disagree but based on different reasoning. For so many reasons, I think, silver could be a great speculation. I'm willing to speculate, so I buy a lot of silver. And I will hold silver till its real value is born out or until I die, whichever comes first. By contrast, I will sell most my gold before the end of the decade and put it into rental real estate (just waiting for the right timing). For me, gold is a savings account and silver is an undiscovered high flying stock.

@2is1gold Год назад

Gold for real estate is a relatively popular strategy. Good luck to you!

@dobberyan Год назад

Cool take, thanks!

@TwoGrainsOfGold Год назад

Very sound model here! Nice!

@2is1gold Год назад

Thanks!

@Johnsmith46392 Год назад

Great video. I keep 7% of net worth in gold and an additional 1 years worth of food cost in silver. As the prices and net worth change I either buy or sell to keep that percentage consistent.

@2is1gold Год назад

That's great. Net worth can a hard number to figure. I'm not smart enough to figure out mine. 😄

@Johnsmith46392 Год назад

@@2is1gold I’m sure you could find a RU-vid video on it 😜

@well.thy.one. Год назад

@@2is1gold im sure you can figure pretty close, but no ones is ever precise and everyones has a different breakdown and use case, even if the valuations are identical.

@jiwcoronado Год назад

Man that was a good video , put me up on some game

@2is1gold Год назад

🤜🤛

@michaelprice2889 Год назад

Right on target!

@2is1gold Год назад

Nice!

@jefflynch3946 Год назад

Just bought 23 gold coins from JM Bullion-the transactions was seams less. They were very professional and polite.wish I had bought from them 240 coins ago. Will buy again for sure.

@togr824get Год назад

I appreciate you taking the time to teach my dumb ass ..Thank you..great video!

@2is1gold Год назад

Ha, thanks for watching!

@leandroluera3462 Год назад

Great informative video kid. I'm retired. #1 no bills everything paid for. #2 self reliance own only what you can service and maintain. #3 secure all devices needed water and food, electric, gas, fuel optional. #4 home security weapons and ammo, safes, fences, etc. #5 10% of your. Last working 1 year income in cash, gold, and silver all backed by a WILL for the kids because after all that work we die.😳

@2is1gold Год назад

#2 will do most in. We’re running out of generations of humans able to fix things!

@flexmtb Год назад

Is that a Holt Bladeworks?! I am really eyeing to get one of these. So hard to get though. Any tips? Love the channel as always!

@2is1gold Год назад

Yeah, it's a Morpheus. (I have a Haptic as well.) I got through on Instagram, but they're more active on their Facebook group. Good luck!

@flexmtb Год назад

@@2is1gold Thanks!

@forgetmre Год назад

A big oversight is the rate of inflation in the monetary metals. For instance, newly mined gold adds rough 2 percent to the total supply. Which erodes your purchasing power over time. If you factor in a two percent decay, that would make the half life of your money 50 years. Coincidentally, it's pretty close to your income generating years, meaning you have understated the required amount by half give or take.

@kevingeorge8060 Год назад

The easy answer seems to be it's never enough, however DCA should work for just about anyone and buy what you can afford. The younger you are, and the more disciplined you are, you could create a small fortune over 20-30 years. Love the videos.

@2is1gold Год назад

Agreed on the output of 20-30 of work. It adds up!

@achilles5197 Год назад

With gold there is less hopium that it moons like silver. It's value is not cheap, but definitely more stable and requires less space. Hauling monster boxes suck.

@2is1gold Год назад

Agreed!

@mdavid2100 Год назад

Bingo!

@edb3877 Год назад

Picking up a silver monster box makes me smile! 😄

@niallbuckley1 Год назад

I recently bought my first golden eagle & just ordered my second, I really enjoy this channel & am wondering if 2 is 1 is loading BTC too.

@2is1gold Год назад

I have 1.xx BTC. I had sold it down last March, but I’ve been building it back up. Quite a bit more ETH.

@tucsonbubba1574 Год назад

Agree, what you need for retirement is very different, depending on who you ask. I have no bills at all and I could live well on 25K/ year. IF I had a big mortgage, car payment, credit card bills, etc....you would need a whole bunch more. If you are the average 65+ year old with 280K balance, your going to "need a bigger boat" if the latter scenario describes you. Plus you are NOT going to be in a low tax bracket. Living in debt is very expensive and demanding on your finances.

@2is1gold Год назад

Yeah, that's something I only see mentioned as a sidenote. Hopefully, a person can greatly reduce spending in retirement. Cheers!

@savagestash4354 Год назад

Very difficult for lower-income families and even medium-income families to commit to buying an ounce of gold a month or even a year. In the beginning, it seems that reliably buying silver in whatever you can afford and overtime selling and buying gold would be a better strategy to start. Fractional gold of course has higher premiums so you have to money savy and shop carefully to make that a good idea.

@2is1gold Год назад

To be clear on that part, the 1 oz of gold a month I was referring to was the end result for a backup plan, not the scheduled plan to get there. Cheers!

@leprechaun3677 9 месяцев назад

It’s actually not that far fetched to be honest. I did the math, if you saved $60 a month for 10 years you could reach 4oz of gold in 10 years. However, we’d be tripling that for the following year; which would come out to $180 a month which is likely stretching some budgets. But if we break it down further $180 ends up being $6 a day. If you think of an expense you can cut out or a way to earn $6 to buy gold with (and the diligence to save it) you’ll be better off. By age 50 the number you need to save monthly remains the same and so does age 60. If you’re in poverty, then it’s likely this video isn’t for you, however, it’s actually much more attainable once you break it down into smaller increments.

@superdutyohv3401 Год назад

Very cool analysis! The hypothetical scenarios are always fun! The $5000 + per month seems high on monthly expenses. But I don’t have kids yet so that will probably change things quite a bit. Trying to stash as many ounces aa possible before the kids come lol

@2is1gold Год назад

Yeah, that's average mean household income rather than bachelor or dink expenses. Those babies need shoes!

@edb3877 Год назад

@@2is1gold Yes, they do, and as a father of 2 kids, about 90% of their cost comes in the last 10% of the time until college or trade school graduation. Spendy critters these kids! 😲

@theoneandonlybumpus2862 Год назад

$5K/month is insanely high … Willie Nelson doesn’t even understand how high that is

@robertcarmosino6563 Год назад

I got a vasectomy in the early 80s, best thing I ever did .. winning !$$$

@superdutyohv3401 Год назад

@@robertcarmosino6563 Gold > Kids 🤣

@BoBear79 9 месяцев назад

I've tended to think that at retirement, I want to own an amount of gold equal to one year's worth of my last (highest) salary. That actually comes close to your formula here. One man's opinion.