Very good brother 👊🏻 Been stacking both for years , number one thing people need to remember YOU must hold your metals physically 🤝 or you don’t own it .
@@kylecrane5751yeah that spot price is very high, but can happen in the future, since silver is way more useful than memecoins, those people doesn’t understand reality. Its sad. Unfortunately its the fastest way to make money those day.
Bald Guy - Kudos on 20k subs! This is well deserved as your content has a refreshing take that sets you apart from other content creators. Another great video that put a smile on my face during these uncertain times. Amazing how many confuse freedom & self reliance with tin foil. Cheers!
I’ve been stacking for about 13 years now, I always buy the big dips rather than dollar cost averaging in every month. Just stacked my 13.5 k ounce last week and it feels gooooood! Keep at it guys!
Great video and a good addition to your prior ones. I have the issue that no amount of silver is ever enough. So to hear what it takes to be in the one percent it really puts things into perspective.
You're not a conspiracist, BGM. This was a great vid, and I'm constantly moving you up the ranks of my favorite content creators. The "everything is fine" people will get caught with their pants down. There are even certain stacker content creators who are asleep at the wheel. Crazy. Keep up the good work, my friend!
Agreed! Everything is not fine and it hasn’t been fine since 2008 (when I started stacking)!! It’s falling apart slowly and we just don’t know when the wheels will finally fall off.
I’ve only been buying silver for about a month and from your info I’m already in the millionaire club. I hope it’s correct. Congrats on the 20k mark! Keep crushing it.
@@baldguymoneyofficial My friend you are growing on us and making us like you . Thank you for your information young fellow. God bless you richly . 👍✝️✌️
Congratulations Bald Guy. You will be at 200K subs very soon. The Patreon content is fantastic. It's like getting Christmas present each week. Fun video today. Keep on stackin
Thank you so much Ken! I appreciate your support of the channel. I've had a tough time keeping up with replying to comments. It's a good problem to have :) Cheers!
That is amazing sir! I've been aware of this phenomenon for about 10 years and yours is just another edition to the dozen or so sources that confirm that I'm doing the right thing, kudos!
American gold eagles are denominated as $50 dollars. If the $10,000 declaration threshold is based on denominated amount then you can travel with 200 Oz of American gold eagles. I guess the same is true for British gold coins because they are denominated in small amounts also.
@@bellydancerabiar7809 the rich get pissed when other people use their loopholes , that why they tried to publicly shame jimmy car for doing what they themselves were doing
Not exactly. It fully depends on the customs agent and I would declare any amount of bullion worth more than the $10k threshold. Don’t be silly everyone! All you have to do is fill out a paper - then you can lose it in a boating accident…
I have been collecting/stacking for about 10 years, but the last three I've been buying hard. I now have 400 Silver Eagles dating from 2012 to 2019, 200 Silver Maple Leafs from 2020 to 2021, 200 Silver Britannia QEII and 201 Silver Britannia King Charles III from 2023. I think on this stack for a while to see how the market goes. So, I doubt I will ever reach $1 million.
This was a really interesting breakdown. I've never looked at it that way before. International borders between western countries aren't a big deal in my experience, just don't attempt to avoid the laws. If anyone's moving that amount of money they need to take care and make certain that they know the declaration rules and follow them. Thank you for going out of your way to provide correct information!
Thanks BG for this video. I probably could look this up myself, but figured you could do another video just as easily. Same as this video topic, but for gold. Thanks.
Well done BGM on 20k subs. I like your analysis & your approach to making educational & interesting video instead of a lot of others who makes video's for the sake of making video's. There's a LOT of rubbish video's out there with little to no valuable content. "Silver went up / down 20c let's do a video". Watching from Australia.
On the point of having more than $10k in cash on you. Isn't it true that if you are found with that amount of cash in the US, it can be confiscated (read "lost") by the law enforcement?
It is not entirely true. Legally (and I am not a lawyer or law expert), the police officer would need probable cause to believe the money is not yours or illegally gained. These kinds of stories are anecdotal and don't do much to guide the average person (in my opinion). Thanks for question though!
No worries - I am glad to do them if people find them useful. What I really like to see is that a significant portion of my audience is women now. This is a clear sign that the message is reaching more people! It used to be mostly men.
Once again bald guy I love your content!! I'm guessing you two doesn't want stuff like this out there because I have subscribed to your channel twice now and then discovered later that I was not subscribed LOL I'm back on board and look forward to your next video
Knowing I'm a millionaire many many times over feels good to hear from you Balled Dude money. I won't disclose my total stack, but..... 68 Oz.... I just might have over 50 million..... Takes dedication to stack, and dedication pays off sometimes. Keep your heads up, and pray for lower premiums....lol... God bless..... Grow food, and enjoy the good times while they last.... very important!!!
Great video! You're a smart guy and very upbeat, that's why I watch your videos. One question for you...I have been a serious silver stacker for 14 years and have built up a very large stack (according to your stats). Recently I have begun a new strategy - when silver goes very high, very quickly, such as recently, I have been selling silver to buy gold, thinking that gold is the true 'End Game'. What do you think of this strategy? Many thanks! Ewin
Hi Ewin! I like the strategy as long as you are getting a fair price for the silver with a low cost basis. Gold is a must in every stack and having a healthy ratio is important. I personally keep a 40 to 1 silver to gold ratio (not exactly - but approximately).
Congratulations 🎉 on the twenty, 20 thousand subscribers bald guy 👩🏻🦲you deserve it brother... ❗🔥🇺🇸🥈🥇 Here's to another 20,000... 🍾🥂 Another fantastic video 👏🏻
I wouldn’t borrow money to buy gold or silver. I take my time and buy what I can afford - been doing so for 15 years. It’s not advice, but it is my point of view. Thank you for watching.
To point at the elephant in the room: every stacker lives with at least the perspective to save money in a save way. This perspective might include some shtf scenarios so let me say, that in this case, *everything* you buy now to prepare or feed or protect you is a true gem and as cheap as it can get. A good kitchen knife is now sold in the supermarket for a low price. Do you realize, how *valuable* a kitchen knife is, when you have non? Or warm clothing or a pot to cook? Gold and Silver owners are the new Lords and Ladies of that scenario (especially because stackers are very dedicated) but keep in mind: The cheapest good is that, that you buy now with paper.
One question about traveling with bullion. An American gold or silver eagle is taken at face value and the same is true for other sovereign coins. Canada will let you move tax free with gold coins except it needs to be 24K fine gold
The truth is I am very careful when it comes to cross border travel. I can’t give you a definitive answer on whether silver and gold coins with face value are taken at that (I don’t know is the answer) - I would simply flag it to customs if I had it. Worst case scenario you have to fill out a paper and they know you have it.
I already have 50 oz. Getting ready to have 70 oz. Going to have 90oz by the end of this year. I purchase mine in 10oz bullion bars(all .999 and .9999 fine silver.) I am also going to diversify the investment in silver coins(all .999 or .9999 fine silver.) I also ensure the bars contain the reputable logos such as SilverTowne Buffalo logo, JM Bullion logo, American Eagle logos, and Canadian Maple Leaf(or Canadian Royal Mint.) Just to keep them standard and have a very high premium. But I'm going to continue stacking in the future. Not going to stop. But I think 300-400oz would be a great number to stop.
when I first started stacking.. the average house in the UK was equivalent to 1050 ounces... and $1m divided by 68 = $14705.silver price which is unrealistic, however, the average UK house price now is £300k so, divide this by 1050 and the price comes to £285.. far more realistic.. so I would suggest 3000oz as the millionaire target on a historical basis.
You deserve 250000. You are worth it sir. One question :I bought some silver mining equities in early March and the timing seems to have been good after waiting 18 months. Now I want to buy more but paradixucally it's discouraging to buy equities which have risen from 20 - 50 %. So how long does the gold and silver bear have to run. I think years. However in the interim is a recession (which I think will only wipe 15 %-25 % from silver equities as the market had abused them so badly before this Spring) or pullback more of a probability than a continuation of the the bull run? I appreciate no one knows the future but you have been remarkably accurate in timing thus far.
I am holding my mining positions - I have a mining portfolio shared on Patreon and i just made a post there today on why I am bullish on silver still and why I think it will pull up the miners too.
Just a point... I see a lot of controversial about "top 1%". Some videos tell 492 ounces, others 504 ounces, and you say after 406 ounces... I don't know anymore what we sould consider!!!
When we become silver millionaires, an ounce of silver will still only buy about 8 to 10 loaves of bread as it does now. Millionaire status is meaningless unless a dollar was worth something.
@@baldguymoneyofficial sup bald guy? Since you give me all this great knowledge and free information I will share something with you. For those that can't afford to buy silver in have a little motivation let me suggest something. I dig historic dumps for vintage Marbles and find piles and piles of sterling silver silverware on the regular. It's all free and there's no premium on it. Just sweat and dirt. With all the other trinket e bulshit you find in the dump. This I hustle at the antique shop and convert it into silver with that fiat currency I get from it. I also have a channel with some of it posted if you're interested. Cheers and stay healthy 🍻✌️
Nice to have a UK bent on this one BGM. There is always plenty of paperwork when dealing with HMRC (your IRS) whenever you deal with them!! With your Math on Gold and Silver ownership I'm well and truly in the 1% club, but a million in cash would be nice to add to it as well. Keep 'em coming these posts are really interesting 😉
Hi Bald Guy. congrats on 20k subs. Many stackers talk about how friends and family don't buy into the options of precious metals stacking when we try to explain the benefits. Have you experienced this and how do you overcome that?
I have experienced that and I've noticed that slowly some of them come around on the topic. These days I don't try to convince anyone - if it comes up I say my piece - more an more people are coming around on the topic these days with everything happening.
At today's spot price to have $1,000,000 (in US dollars) worth of silver, in one's physical 'in hand possession,' would be 39,262 ounces. Spot prices change several times every day. The posted millionaire possession count of 68 ounces is interesting. What category would having over 1000 ounces in one's physical possession place a person? I wonder.
@@quant2011 Thank you for this information. Referring to the Indian amount, it calculates down to 94.40 ounces for each $1M. Having close to 1,400 ounces seems to be extremely high in comparison according to the data you have presented.
If you expect to spend time in another country and want to use your precious metals, have it sent by a carrier to the country of your choice for pickup
38 yrs Gold , Silver collecting saving across the board ! 3rd generation jeweler ! 4ooo oz. 160 gold oz. ! House ,land ,car ,bike ! 12 months cash under my bed ! PHYSISICAL ONLY HJOLD IT OR BE A SHILL ! when traveling declare in smaller amounts over time ! GET YOU CASJH OUT NOW ! YOU ALREADY SHOULD OF ! THEY CAN GO SPIT ! THANK YOU !
Just got back from doing some international travel, went thru customs twice, its more automated than in previous years. We didn't even get stamps on our passports. The face value of the gold maple leaf is $50 per coin. I had 10 coins in my pocket, the only thing I declared was having a good time. Stack on!
silver spot price has 40.2x since 1923 compared to the friday close...if the next 100 years it does the same, we are looking $1018.00 / oz...If silver price was valued properly (I argue the current price is the real price with all the proper (and improper) market forces acting upon it), the multiple would be higher and therefore the future projection higher as well...Lots of people give Jeff Christian a hard time, but he started the silver institute report back in the seventies. I feel he has a handle on a lot of the silver info. I say this because he says the consumer demand is what normally changes the silver price. If you look at things right now, it looks as if consumer demand is driving the price up..
But Jeffrey Cristian s a true believer in the Petro Dollar counterfeit system, which has run out of room, hence the real value of Silver is becoming apparent.... I think around $100. So you would need 10 000 ounces of Silver to be a millionaire.....still, not a bad result.
@@johngordon880 If you use dollar devaluation (0.63 cents being the price of 1 oz silver in 1913 dollars and 3 cent for todays dollar), I get 21x 0.77 x spot price...at friday's close it would be $409.42 / .oz
