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Thank you, i really enjoy your information but I have one question I have just over 6 ounces of gold and over 1000 ounces of silver and that’s more than enough for the three months of survival but how much of gold and silver do I need to survive after that initial three monthsthank you and I would appreciate a response. You’re doing a great job. Thank you again Stephen.
*Delaware 1787 *The first state *Caesar rodney *1999 E pluribus unum - *United State of America *In god we trust *Liberty *Quarter dollar I have this coin help me where i sell it
@bruce5895 That was a credit crunch. A time of zero liquidity. This crash won't be a credit crunch. Much different circumstances, so stop giving bad advice.
I started when I was 10. That was 1972. My younger brother and I would do any "chore" a neighbor had to earn a buck or some change. We'd look for mexican pesos that were gold or silver. Been "stacking" ever since then. Keep stacking.
Wow! I can't believe how time flies! I still remember that video you made back in 2021 regarding how much gold/silver you should own! I've been watching your videos since you first started posting them on RU-vid! God has truly blessed you BGM with great financial wisdom, insight, and foresight! You are helping so many people...including myself...prepare for the rough economic times that are quickly approaching! I always look forward to your videos! May the Lord continue to bless you as you help others! Thank you!
Great comment John 🤝 I was thinking the same thing boy oh boy time does fly I remember that video also , strange how we get busy and little things smack us back into the reality of time . Blessings to you brother John 🙏🏼🕊️✝️❤️
NEVER EVER publically disclose, including even a hint, that you have made yourself 'safe' monetarily .... as all this will do is to confirm for the 'confiscators' of exactly who and where to confiscate. This includes your purchases that are 'reportable' by the sellers in accordance to the minimum reportable amounts -- which 'used to be' $10k / month, combined.
Wow. It has taken me 3 years to finally get 100 Oz of silver. I am buying gold now, but only have 5.6 grams. My goal is to have 1 Oz of gold by the end of the year. It would take me 3 years to get 5 Oz of gold.
Bald Guy is absolutely right; it is a marathon. I started to seriously stack metals ~6 years ago. At the start, I never would have imagined I'd own what I do today. The power of persistence should not be underestimated!
You have 100 oz of silver and 5.6 grams of gold. That is 100 oz of silver and 5.6 oz more gold than 90% of the world's population. Most of that 90% are invested in debt and budget crushing lifestyles. Well done keep stacking!
Just picked up 3 oz of gold buffalos yesterday and 50 oz of silver I really don't care if the prices fall, at least the cash is in a hard touchable asset. 😂
Precisely, when my grandparents were fleeing the CPC civil war in Canton China, them boat tickets were definitely not purchased with paper backs, they were exchanged with gold. So if sh*t hits the fan, think everyone should have a small portion of their portfolios in this hard asset.
I have saved 8 + years of monthly expenses in gold 180 ounces. Had to sell 3,000 ounces of silver, too heavy to carry, when I left the country. Did keep about 200 ounces of silver mostly numismatic. I have no stocks- rigged game or bonds, don’t want numbers on paper. I have real estate, metals and cash. The real estate is with out loans, I have no loans period. Having saved the gold and silver lets me sleep well at night.
I definitely won't be selling them. I want more silver eagles. I was buying them by the tube. I just bought an empty tube so I can start to fill them up a little at a time.
Agree that the upward price of gold and silver can be surprising at times but isn't this what we are expecting? We buy PMs because we know that they are real money and not wimpy fiat currency that melts away in time, probably to nothing at all. No so with PMs. They are a true store of value and as the US$ loses value, they add value. When I bought my 1st gold, it was $1184 an oz. and seemed like a lot because I was used to paying $15-$16 an oz. for silver. But look at them now! lol
@@jamessteele2825 Even if you're right on the sell price, @bigelite094 would _still_ be ahead $40. Those ASEs have already paid for themselves (and then some).
The More the better stack it while people still asleep at the wheel it’s important to be shrewd in this world 🌎 unfortunately I think we’re gonna need every ounce stacking is good medicine for anxiety what a time to be alive stay safe appreciate you Bald Guy
@@Travelbythought IMO, the odds of the GSR ever getting to 20:1 are so close to zero that it's not something that I consider. In 2011, the GSR did drop to around 32:1, which is as low as it's been since 1979-80 where it hit 17:1. One can see that these GSR aberrations are very infrequent, so probably not something that one can plan their financial life around. But it is at least somewhat likely that the GSR will drop to 40:1 at some point and perhaps a bit lower, as we saw in 2011. Historically speaking, 2011 wasn't that long ago, much closer to today than 1979-80. My plan as regards watching the GSR is to begin trading silver for gold when it hits 40:1. I would do this in 10% increments and make a trade every 2% that the GSR drops, so at 40, 38, 36, etc. I would do this until 2/3 of my silver stack was converted to gold but would continue to hold my US 90% silver coins as barter money, if needed, and if not then passed on to my heirs. If the GSR dips to, say, 36, then I will have made 3 trades and if it then rises back above 40:1, I will stop trading and be happy with what I have at that point. It doesn't bother me to have a silver stack for the long term but I prefer to hold gold, as it is a Basel III Tier 1 asset and the financial basis against which all fiat currencies are measured.
While I believe silver will make noticeable gains in the future (especially against gold), I also believe it would be wise to have exposure to both metals. What if gold is revalued? or if multiple nations peg their currency to gold? What happens if industrial demand slumps for x-months and silver demand wanes in that time? The best fishermen will cast a large net, pole fish, set traps, etc... (diversification). Some months are better for crabbing, while others are better for salmon. The goal is to have assets that perform well in all scenarios.
The summer silver roller coaster ride is just starting. For those who stack for an alternative saving vehicle, buy on what are obvious dips like down $1 for the day. If you are not holding physical silver or if you already hold sufficient physical silver and are trying to trade for swings in price, you will find several opportunities over the next few months. Miners stocks will normally swing more than the ETFs for silver.
"Miners stocks will normally swing more than the ETFs for silver." Yes, they will because mining stocks are derivatives of the metals mined. It always seems funny to me that so many stackers do not like the stock market because it's "just paper". It is just paper but that paper represents a claim on the assets of the companies shares and other assets. This is the very same with mining companies. While I do invest in the stock market, I don't own any mining shares because: 1) I don't know enough about mining companies to make wise buy / sell decisions; and 2) mining stocks are very risky, IMO, and at my age (mid 70s) I can afford NOT to take undue risks. Preserving what I have is more important at this stage of life than any additional growth that I might get from mining shares. Now, if I was a much younger person, then dabbling a little in mining shares would be considered, but I still would limit that to less than 5% of my net worth.
@@edb3877 👍🏼 Agree with you completely! Also in my mid 70s, I have accumulated almost 4;years of current expenses in physical metals and with silver storage is an issue, so I own some mining stocks and some Sprott metals funds (PSLV and CEF). The stocks are only about 3% of net worth excluding real estate.
@@edb3877 Completely agree! In the same age bracket with you. Have physical metals enough for 4 year of current expenses so I do hold mining stocks and Sprott metal funds. The stocks and funds are about 3% of net assets excluding my mortgage free home. Tried to respond earlier but did not post.
Real good stuff BGM Stacking since 2002 mostly $Gold.. portfolio is 45% PMs Adding $Silver on down days Sleep like a baby 💤 at night Liked and shared !
Lots of great information here - I watch every week! Could you take a deeper dive into 3 or 4 "likely scenarios" for stackers as the dollar possibly accelerates it's decline? I see it continuing as the major fiat currency for a time, but dollars will likely be coming back home at a faster pace ~ especially now that the Saudis have agreed to sell oil in other currencies. THANKS FOR TERRIFIC CONTENT !!
Interesting perspective. I’m a new subscriber but a long time stacker. We live on our sailboat. We keep just enough metal onboard to pay 6 months worth of expenses. We vault the rest because we have no other choice. What we have vaulted should handle 5 years of current expenses. Our expenses are lower than most because we live on our boat.
@@shanejones578 LOL. As I said, we live on a boat. We keep what we can and vault the rest in a Level 3 in a metals friendly state. No other choice. Not really worried about it.
Thanks for that chart on India. We dont have any channels giving us the India perspective. :) Started stacking in April of this year. Im 36 and hope to be able to stack long term. Currently at 2 Oz Gold and 75 oz Silver.
after finally getting a number, and thank you for that, I feel better for silver at least. Gold is still another issue for me currently. And yes, I fully agree with the saying if you don't hold it, you don't own it is not wrong. I love touching my actual money and not loo at an account on the screen.
Appreciate the information BMG. I'm quite new to metals, just started in January and have set a target of 10 oz silver/month and 4 oz gold /year. We should have 120 oz silver by the end of the year, I'm optimistic that we will have the 4 oz gold also. Our big 5-year semi-long term goal is 500 oz silver and 20 oz gold. The goal is to do that while keeping up with our ETFs and the index funds in our 401Ks, in other words we want our metal purchases to not hinder our other investment goals. We probably spent a year on the fence about doing this, we are modest investors and trying to learn all that we can and DCA our ETF and metals purchases. I think we have the discipline, if anything we are more aggressive than we probably should be given our total available investing dollars. Right or wrong, once I stopped thinking of metals as investments and started thinking of them as an alternative to cash in a HYSA, the decision to stack became an easy one. So much uncertainty in the economy seems like there are a lot of options when it comes to losing money LOL! Have a great day!
Well done, Thomas. You're doing quite well and it's good that you have multiple asset classes. IMO, the 401k plan was the greatest wealth creation engine ever conceived, yet its birth was not planned. It was an accident brought to us via a man named Ted Benna. I believe that he was a company HR person who applied federal retirement law in a way that the IRS had never considered. When they saw what Benna had done, they recognized the genius of it and approved the creation of company 401k retirement plans for every company that chose to adopt the basic rules for them. Hence, came the term "401k millionaire", something said of no pension ever.
@@edb3877 Thank you. I know that many people get highly annoyed at the loss of pensions in this society but you are correct. It appears to me that so many people that have pensions or even social security think that will carry them through a 25-30 year retirement full of non-stop travel and adventure and make no other provisions to fund their retirement. One of my union friends thinks it outrageous that part of my plan is to have enough retirement income to be able to continue investing (contributing) a portion long after my last day at work. Thank you for the kind words.
Stacking metals encourages the development of a different mindset than the stock market or crypto. When you hit retirement, your 401k will be paying out to you, and by then, rather than stacking to save, you can just stack to leave wealth for your descendants or the charity of your choice. Many folks notice that our personal silver-to-gold stacking ratio changes over time. I started out with silver Morgans and junk silver because my family encouraged it (and America had left the gold standard by the time i was born), but after retirement, i moved into gold. I don't enjoy the slower pace of purchasing gold, but i really do appreciate the denseness and reduced volume of the metal.
I reckon I’m gonna stop at 1500oz of silver and just stack gold afterwards. Safe is getting full! Also I think it’s a bit hard to justify stacking anymore than that… anyone agree or disagree? Each person’s goal is different tho
1,500 troy ounces of silver is equal to about 103 avoirdupois pounds. The spot price for that today is around $44,500. That money converted to gold at today's spot price is around 19 troy oz. Add one more gold ounce and you have a tube of gold. That kinda puts things in perspective. Of course you will lose some off of that on the premiums ... but you get the idea.
@@ulexite-tv yeah good point but I’ll never do that. I want to collect both precious metals and to be honest kind of went overboard with silver and just feel even if I trade some for gold it’ll be a waste for the reason you said - the premiums. By buying silver in the first place you’re already paying a premium and the converting to gold you’re. paying an even bigger one for the gold. That’s 2 premiums for a little bit more gold. You never know when you’re gonna sell or buy more. Wait for a pullback or DCA it. Sit tight fellas.
@@t-bone7988I was fortunate enough to foresee this early in my stacking journey (still am early). I don’t think I’ll ever own more than 2-300 ounces. And I don’t care to own more than 200 until after shtf. Platinum is actually where I’ll hold most metal, I’m going to speculate on it. And gold will be a close second.
I pay very little attention to price, apart from when I do inventory and re-calculate the value of my metals every 90 days. Price is most irrelevant, unless you're trying to sell in the short-term, but Gold & Silver are long-term holds, and they do their best hedging against inflation the longer that you hold them.
The "if you don't hold it..." saying has a bit of a point but it doesn't tell the whole story. I have stocks that I'm quite sure that I own and making a few dollars by trading gld or slv is certainly not a bad idea. I've made money in the markets and a portion of those profits (mostly dividends) have gone into metals. That's a nice benefit for something I didn't actually hold. I always appreciate the sane approach. Thank you!
Where I take issue with the saying is when people mindlessly repeat it. There is obviously something to it if that’s how I stack but there are great ways to make money that can increase your stack that don’t involve “physical items”. Thanks so much for watching and commenting.
Just recently started to acquire some mining positions. I call it my High Risk account. Doing alot of research into silver, gold, uranium, gas and oil miners, producers and royalties. I have small positions in each and hope some go big! I feel i have a pretty good base of physical and can afford to take a risk with a small amount of capital. Love the channel mate!
Thanks! I just did a video on my Patreon talking about my mining portfolio - how it’s done vs S&P500 since late July last year when I started (I’ve beaten the S&P) and also identified 2 news stocks I am buying. Cheers!
I’ve definitely surpassed the 200oz mark for silver a while ago, but I’m trying to hold off on the gold buying til the SGR comes down some. As long as gold is that high, and silver is this low, I’m going in on silver some more. Just my preference.
We don't "need" gold, silver, bitcoin, or stocks. We just need an income and a savings plan that matches our risk-tolerance (risk-seeking or risk-avoidance). Adults know how much risk they can tolerate -- and no pundit can change that. Metals satisfy risk-aversive folks who refuse to go para-gliding into stocks or downhill skiing into crypto.
Great video! It is smart to take many takeaways on how to maximize your wealth. I love the physical, because it works for me! I am not educated in stocks and have no real desire to be (usually they are just selling something also), but good for you for being resilient!
Great Updates, I always appreciate your comparison of Precious Metals to living conditions as to a guess / estimate that how much we would need to stack- it really hits home to the normal stacker Thank you.
Hey Bald Guy! Recently (9 days ago) the RU-vid channel iGold Advisor released a video discussing rising trends in the gold/silver ratio. Their claim is that, as a breakdown occurs through uptrends, silver makes appreciable gains to the upside. I was curious on hearing a second opinion in regards to their claims. Love the channel! Keep on keeping on ^.^
@@baldguymoneyofficialyou’re nuts for that, I could have all the money In the world I’m taking 30 ounces of gold every single time and twice on Sunday.
For the youtube algorithm 😎👍 #DCAandCHILL I'm more of a silver guy but maintain a minimum of 10 oz of gold but silver wise I think 500oz should be the end goal, or at least in my opinion... Got %90 of my gold a very long time ago but I don't touch it, but in my culture it's frowned upon to Cold Gold I guess it's just from old Nostalgia Reasons from the past that the natives have held on to.. But other than that, I can see why it's important to hold it... what I thought so think it's important to hold gold in fractional form in case you do need to use it and you don't want to spend a whole ounce, so my Preferred Choice is 1/10 birdies, Maples and bars in assys packs in 2g 2.5g and 5g.... Pamp is my go to... As for silver, I feel it holds more value for later down the road, so I been stacking that mainly for the last 10 years and feel like the 200-300 min is what I've come up with as well, but I think 500oz of silver is better, do to it would allow you to not just survive but thrive in the economic situation where things might be on sale and it would be a opportunity to take advantage of.... and also you can probably double down on the gold minimum as well to 10 oz give or take for the same reasons... basically whatever your 3-month expenses are double down on it and make it into 6 months after you have your 3-month expenses taken care of... I guess some call it putting the icing on the cake.... but after you get that 6-month I also like to say to people to think about platinum and get 2-3 mo of expensive worth of that as well because that's starting to make a little bit of a comeback in the scientific Community as I can tell but probably won't be prominent or really actualized until 2030 and Beyond... but I also think it's important to have at least one to two months worth of expenses in small denomination bills like 20s and lower for those unforeseen things that pop up... Been stacking since 2003, and I'm a 3rd Gen stacker and this is the way I was taught... minus the gold though because my family before me didn't really stack gold because of tradition... Anyways, that's my two cents 😂... Take care y'all 😎✌️
I have to say that for a family of 4 in UK, it would not be the equivalent of $5,095... that's way too much. But $2,195 for a single person in UK is realistic.
Hey Preacher - great question. Is it that you can't afford a full ounce, or you're not patient enough to save up for some gold? I would always urge patience. Precious metals stacking is a marathon, not a sprint. Opportunities to save up and buy will always be there. I think having gold is essential!
If you get enough silver you can eventually trade up to gold. Keep in mind the premium cost of this method. I work with a company that lets me buy fractional amounts, (like $5 at a time if I want) until I have enough to get some physical gold. It works like an account, where I can sell my shares at any time, or cash out with precious metals. I currently have enough to take out between 1/10 and 1/4 of an ounce, but I’m waiting to be able to cash out a whole ounce.
Thank you for this video. New subscriber and i will share this video. I'm new to gold and silver and am currently working to invest my money away from the failing worthless fiat currency. I have a small amount of shares in the stock market that have dropped about 90% in the last few weeks leaving me with next to nothing. It really does show how worthless fiat is if the economy goes bad. Now i'm learning what I can about gold and silver and investing in real assets. The stuff that's been around since the dawn of time 🙏
Another great analysis BGM and must say that I feel a bit smug with my Emergency Fund at the moment. Having just done a quick calculation I am 19.5 times higher than your recommendation....what could possibly go wrong???!!!!
Re the two ETF’s, thanks for your explanation… good for short-term exposure, settled in fiat currency. That said, the rules re ETF’s re the leasing of metal in their reserves is still unclear to me. If the ETF leases metal to a company who then goes bankrupt, will the metal become an asset divided by debtors? Even the leasehold itself would have value. I’ve read the prospectus for both SLV & GLD, and the uncertainty is what made me leave.
As a member/descendant of a long time dynastic family that well survived several historical monetary system disasters, which seem to happen every 90-100 years, the 'rule' is to physically (in hand) to hold a minimum of 10% of one's (liquid) net worth in physical gold and silver.
Whereas some years ago your advice about profiting with currency would have been good - presently with the worst financial situation imaginable - I think ONLY physical possession of precious metals makes sense - as paper is just paper - gold and silver coins and bullion are MONEY - and can't be cancelled or burnt !!
Good day... great video! Please continue to inform the public! Question: Do you have a preference in the type of gold to stack ? pre-33; goid coins from your country (ie. US = eagles and buffalos); popular soveigns (Britannias, kangaroos, maples, harmonics, rands); Other Sovereign gold coins (Barbados trident, Cayman Islands - ie Scottsdale mint); gold bars or gold rounds? I ordered them based on my assumption.
I go with the most globally recognized coins: eagles, maples, Krugerrands - even Britannias and Kangaroos. Most of my gold bullion is in Maples. They are very liquid and come at much lower premiums than Eagles. I don’t buy the pre-33 stuff - just trying to get recognizable modern coins at the best prices possible.
He’s right about SLV. The only thing good about SLV is that I can buy a put (stock options) when I see the gold silver ratio very high. Still I like SLV because I can make a lot of fiat in a short amount of time.
@@baldguymoneyofficial true or buy real estate and get some cash flow. Truly no matter what way I go I know it’ll be nice. Also if you like to make a little bit more fiat when this crash happens my game plan is to buy a put on SQQQ. Since this is an AI bubble I would expect the NASDAQ to fall the most. The etf for NASDAQ is QQQ. SQQQ is a short for QQQ. So when QQQ goes down SQQQ will go up.
I was buying Meta, NVIDIA, Amazon, Google, and Microsoft on Oct 2022 when the market pulled back. It was a great deal and I’ll buy them again when the market crashes.
@@baldguymoneyofficial Psalm 91 " No evil shall befall you nor any plague come near your dwelling, for He shall give His angels charge over you & all that is yours, Amen"
Worthy and I appeciate the update, I would consider the gold to silver ratio a noteworthy point to include in your next follow up, as a hand full of extra silver coins when the ratio moves to strengthen silvers hand, is nothing to sneeze at. Any thoughts on this topic? Regards.
I have talked about it in some past videos - I am sure they are easy to find. My position is that we may see 60 to 1 - optimistically 40 to 1 at some point in the future - but only temporarily.
How much has NVDA rise? If you are insiders and have a window to sell, would you not take it? The question here is can the sales rise as they have been for the past 2 years to justify valuation.
Dear Bald guy. I've been following your channel for a while now and it's because of you that I've invested some of my savings in gold and silver. I also have part of my money in mutual funds, which have a nice profit this year. Since I am saving money for my pension (and I will retire in 8 years), I am wondering if I should sell the mutual funds, considering that the shares do not have a bright future. Thanks for the reply
What I like about gold and silver (I have kinda a lot of silver, very little gold) is the very same gold and silver the Romans, Phoenicians, Minoans, Egyptians, Nubians, Uruks, etc used is still here. It never goes away like fiat currency.
It's a myth to get clicks on RU-vid - the market values gold and that's how it should stay. How it gets valued relative to a new currency if the dollar fails is another story.
Confused. You mentioned the threat of a financial system collapse. Would your 5 oz of gold and 200 oz silver be adequate in such a situation? I do understand you said this was a minimum. Thanks for all you do for us!
