My 9 year old wrote a little storybook yesterday with the main character going to buy stuff to fix his burnt down house using two gold coins. Proud dad moment. Every year since they were babies Santa has been giving our boys a silver or gold coin in their stocking for Christmas.
About a half century ago I bought my house and 10 acres for about 35 1 oz Gold Buffalos at todays prices. Today it's worth way over 400 Gold Buffalos or 20 tubes. Let's just call it a 25 tube monster box 😂. Thanks for making me do the math and for the video Sir.. 👍 Life is good...God Bless
Not many people know that people then was using swiss franc as money in Germany if they could get a hold of them a black market was happening with a foreign paper currency
@@2is1gold What other reason would you sell your house for? To spend the money at the brothel? To buy a sports car? In a recent video from Lynette, she showed some shocking stats from that time. If I remember correctly, people were spending over 90% of their household income on food and under 5% on rent. That, more or less, tells the story. A person who doesn't eat is a dead person, and a dead person can't pay rent. A landlord can only charge what a person can afford after buying food, and that was less than 5% of income. That's why houses were worthless.
@@chesshooligan1282 Dont go to the brothel ...BE THE BROTHEL ...BUY GOLD and SILVER!!! ..wait, that's not really what I meant ..something about why buy the cow, and milk for silver? ...... never mind
"The Psychology of Money" suggests saving even when you don't have a specific reason. I've been thinking a lot about that lately. You could use money saved for the right opportunity, as mentioned in this video. It's also there for emergencies. Conversely, I see the merit of paying off a mortgage early and the peace of mind it confers. That does lock up money that could be used elsewhere. Options versus minimal monthly overhead. It's a good first-world problem to suffer. Great video, as always! As a side note, the end of the video mentions buying a mountain property. That was on my radar until these relentless fires started happening. Property insurance companies are bowing out of insuring mountain properties, making it tougher and more expensive to find insurance. So beware on that front! Or in honor of the German theme of the video: actung!
My idea is have the gold when the currency collapses, and then decide whether to pay off mortgage or buy a rental unit. Also it gives me the ability to change location in case of instability.
I was watching the debt clock on redacted last night and it is moving at about a million dollars a minute. I think gold is probably a good investment at this point. I just wish I could buy more.
Good job in this, very logical. It would be a harsh world when a house was only one ounce. I stack for all the right reasons you mentioned. Now, if i could just hit those highs and lows with precision. 😂
"Now, if i could just hit those highs and lows with precision." Yes, that IS the real trick, isn't it? I've done well in the stock market but nowhere near always buying at the lows and selling at the highs. The good news there is that one does not need to do that to still do very well.
Another great video 2 is 1. Love watching your videos. Hey if I’m up around 32% in my GLD ETF do you think that I should hold on to it, or should I just sell my ETF and buy physical gold and silver with the money and profits that I have in there??
My guess is that price will shoot up on an actual Fed rate cut. Fed meeting next week will probably further confirm the guess of a September cut. I think gold is still going up this year. At some point it will pull back. The trick would be to capture the run in a trade and then buy physical on a drop. Easier said than done, though!
I heard it was a city block buildings and all- for an ozt of gold in Germany 1923. A house is close enough I guess…I just bought a house and 2 acres for 370k. Thats a lot of gold.
The currency slide was profound - it went from 320 marks = $1 to 4.2 trillion marks = $1. So in hypothetical terms, a city block would fall into that math. It didn’t happen, though, of course. I think somebody dug up documentation of a home sale, and that’s where the 1oz case comes from. Hard to verify.
And to think, in 2000 it’d have been around 90oz of gold to buy a house. For now, I’ll keep picking up gold and silver here and there (probably make a trip to the LCS today). Waiting on the housing market to tank as it’s hard to justify the interest . Something’s got to give. Such is the grind of life but factoring that I’ve been renting 20 years at an average of say $600 a month, that totals $144,000. And that’s a conservative estimate. Certainly wish that could have been building equity.
@@aminmalik4086 goes both ways. Yeah, it’s nice when my microwave took a poop. Also the cheap 18cu ft fridgedair failed and all I had to do was call. Looks at a roof for a house. Probably going to be quoted $15-20k depending on how many sheets. My boss tried to pass the same BS on to me as he has a decent 2000sq foot home here in Oregon. Lots of rain. Lots of problems. He also didn’t know that when he bought his house in the mid 2000s for $210k that it’s now quoted for $500k. That won’t include all the remodel he’s tackled on himself. Probably 600k. Owning a home outright is your best bet long term, sure you have taxes, sure you have up keep. The problem is most people can’t turn a damn wrench. I personally maintain my rental or improve it unless it requires decent capital. I get my hands dirty for a living and will continue to do so for my home. Rather it’s a rental or my own house. And, another case in point. The home I grew up in in west LA. My father still lives there. 3000sq foot rancher he and my mother bought back in the early 80s for $300k. Just looked, estimate is 2.9 million. Won’t get anywhere near that and even tho it’s been renovated recently as a single story rancher, new owners would tear it down and put a McMansion on it like they have all around it. My father, who owns partial equity in medical facilities(think shopping centers but multiple stories), pre 33 gold (I bet enough to make all our jaws drop), stocks and so on still says that property has been one of his best investments. Oh, and I have buddies that bought a home, family grew more, sold said home and took the equity to buy better and have done better on said equity. And…my uncle now has turned his blue collar life, logging, commercial fishing, to buying a peppered farm route, to selling that one and buying and building another one into 5 rental properties (that does hark back to your spiel) and despite not having retirement saving, 401k, IRA etc. has a comfortable retirement ahead of him and while he never stops working as he likes to, doesn’t have a 9-5. So unless your a renter like me, with no plans on wanting to own your own home personally, I’d say your mostly wrong. Unless you live somewhere that no one ever wants to and had a horrid home inspector for when you bought, I’ll gladly take my chances and pull the trigger to become an owner. You can’t rent a nice 2 bedroom 1200ft duplex like I got for less than 2000 a month. Sure as heck wasn’t that 10 years ago.
@@aminmalik4086damn you tube doesn’t like my response. So I’ll curtail it. My boss tried to say the same thing until I showed him the house he bought back in the mid 2000s for $210k is now $550k. Not including all the renovating he’s personally done. Oh. And he had zero clue about how much rent has changed over the past decade. Sure, maintaining a home costs money but my 1200sq ft duplex is costing my gf and me $1550 a month. In a years time. That’d repair the roof. Problem is that people can’t turn a wrench and don’t maintain there things. I get dirty for work (blue collar but do all right) and I sure do get dirty. House my father bought in LA back in the early 80s was $310k for a 2900sq foot rancher on a sizable plot. All the other homes have been torn down and built into McMansions. The house I lived in is fully renovated but it’s be torn down for said McMansion. Guess the price of it currently. $2.9mil. My father has investments in medical building, pre 33 gold, stock market and so one and yet he still says that property was his best investment. I can go on and on with friends that bought there first homes in the early 2010s (they did just fine with that collapse. Their families grew, they sold a few years later and flipped equity into bigger, better and the same rates. Wasn’t that long ago I could look at interest rates, closing costs and factor in either 10-20% down and say my mortgage would be the same as my month rate. If you live month to month, never save, then a home isn’t for you. Do your due diligence, get a good home inspector so u know that roof needs to be redone in less than 5 years and have some savings set aside for it and expect it. Just saying. Homes are indeed a money pit, but a money pit I’d like to own!
@@bhageerah3370appreciate that. A bit back I told the GF of 10 years who asked how much I’ve spent and then said I’d never sell my PMs, that, first, sure, u can say I’ve spent money on PMs, but really I’ve only converted and even if the same day, I can convert back at a loss. But over the 2 years I’ve stacked, I probably gain 10%. But, I’ve told the few people I can talk to about PMs that I’d totally spend some of my stack on property. Key is some, I’ll always keep at least half for a rainy day. Like needing a new roof. But, I also keep a couple savings accounts(one for if needed, another for a down payment on a home). Have also stored a chunk of fiat just in case and everyone should. RUclips forced this wordage but freedom seeds and their dispensers is smart as well as things to sustain yourself in said times plus the knowledge to live from all of that. And then the rest goes to PMs. But, hell yeah, I’d sell a chunk of my PMs for a down payment on a home. Just patiently waiting. Not sure if that’s right either, but I always try to play the dips.
Depends on the size of debt and the size of gold. Gold has seen x5 increase the value of my interest payments over the last 2 years. It has actually been much better to stack gold than focus on my debt. My house debt is small though, large house debts yes pay it off.
@@jamesdoe3713 I’d agree with the sentiment if the debt and interest are both still high. Bought a 4 year old truck back in 2018. Between what I had down, my credit score (730ish at time) and that I wanted around a $400 a month payment, I financed a 5.5 year loan (should have skipped the 3 year vehicle coverage). Monthly payments were $394 at first with almost $85-$90 going to interest. Goal was to pay it off in 3 years. Every side job, anytime I came across additional money, I put towards the principal. Within the first year my interest was around $40 per month. Certainly saved some money by avoiding lofty interest payments initially over time.
If you run the ounces on buying land and GC your own home built and hey if you are a builder even better😉. That cuts several pounds of the stash out! Cheers bro!!
Probably a much more relevant question is what does a home cost in the U.S. in U.S. Dollars so here is my question for you to answer. How much Gold would it take to buy a home in 1971 on the gold standard vs now. 2024 you would need a 175 ounces and in 1971 you would need 658 ounces. Best ratio was 1980 when you would need 109 ounces based on average price of a home according to the US Census.
There are a ton of catches. For example you must refurbish the residence on the property to a minimum standard determined by the government and you must use local labour to do so. It also must be all completed in a pre determined amount of time. I believe 2 yrs. In other words no squatting on land or doing it up yourself.
@@brandymocanu6073 One or two gold coins would easily buy you one of many homes in Japan with land and everything. Fixing it up, however, would need some more coins, but the title will be yours and your descendants for pretty much forever.
Big dip last night; got be buying first thing this morning … multiple! Not to trade for a house however, at least not for me. Kids might be another story.
Investment guru's will tell you to invest more heavily rather than paying off your mortgage. Depends. I started investing in my early 20s, but for whatever reason, I didn't buy a home until I was 42, during the housing crisis. At a price 1/3 of what it sold for just a few years prior. I paid extra towards the principal from the very first payment, saving almost as much in interest as I financed and paid it off in 13 years, retiring at 55. I still invested, but stopped contributing in '18 and started buying PMs. Wish I had bought more at lower spot, but no regrets.
Deciding when to recover your last $2400 worth of equity is very unlikely but if it did happen, it's also likely that the decision would be made for you due to other factors, such as the deterioration of the neighborhood, town, or city in which it is located or the possibility of job / income loss and needing to pay whatever property taxes were then due. Moving to another town or city in which there are jobs for your area of expertise might be another reason for selling at such a depressed price, since at that point any equity recovered would be better than none. But this scenario can be looked at from the other direction of home prices remaining high but gold prices going much higher, as would be due to a worldwide collapse of the fiat currency experiment. Consider what the price of gold would have to be in order to cover the current $35T US debt, based on supposedly having the 8,130 tons of gold in US vaults, even though this has not been independently verified in more than 60 years. I have two thoughts on the US gold holdings verification: 1) the gold is still there but has simply not been relevant to the US economy, so no one bothers to do it; and 2) if the gold is not in those vaults, that immediately brings up the questions of where did it go and who was responsible for making that decision? Was it sold off quietly in order to allow us to live beyond our means or to take advantage of the higher gold prices in recent years? Whatever the case turns out to be, a lot of conspiracy theories could be put to rest via having an independent audit, which would include ultrasonic testing of this gold to make sure that it really is pure gold and its weight. Video evidence would need to be recorded as proof of this gold's existence, which would be examined intensely by recognized video experts who could testify under oath as to its authenticity. Is this a perfect solution? No, it is not but then it's an imperfect world and may be the best we can do.
planning on using it in retirement. need a vacation, sell some gold. buy a car, sell some gold. If we keep on the current trajectory, I'll need it just to get a weeks worth of groceries.
In my view this topic is relevant when there isn't really much to discuss in the PM realm. We are in the summer time doldrums now. Lets search for topics. I wonder how much gold it will take to buy a house? Ya. That's a good one.
They need to stop with the gold suppression nonsense and just start reevaluating gold against all the debts that the United States has if there is any hope of getting out of the debt bubble. Go to Fort Knox. See what we have. And start doing some math. I guess it would come around 42,000 an ounce. So then all you need is 10 oz
Gold has and always will carry that curse. Ironically what is the solution at a small scale ends up being vaulted , and rehypothecated at a large scale which started the paper printer in the first place.
“Did some math” Somehow methinks you used some very creative thinking with numbers, but not math. Gold people, in my experience, could not distinguish a differential equation from a garden hose.
Well that didn’t take long YouTuuubb took my comment down FAST. I must’ve said something correct. That said I wish I could convey what’s on my mind about the subject. What a wealth of information I could share. Fascinating topic. Suffice it to say that history is coherent and definitely repeats itself.
Has anyone ever needed to sell any of their gold? I wonder how easy or difficult it is to do? What if the coin shops want to buy it? Then what? My concern is prompt liquidity. We are thinking of buying a house with cash once this housing bubble pops and wonder if we should move it into gold now, temporarily??
The comparison doesn't really even make sense. The average home price in the U.S. at the time was $3,200. I doubt anyone in Germany was pricing their homes in the Mark at the time.
So, is the US government going to hold down the price of gold, and keep MMT going? Gee, could American houses soon cost $2 million CDN or AUS, like those people face ??
There is a 4th scenario. Pay back your mortgage and accumulate gold. I am in a situation where I can pay remaining mortgage open just with the gold I stacked. I am trying to play both 75% of monthly savings against mortgage and 25% in gold… just in case of…
Great video. Just imagine getting your kid to start saving when they are young and to continue. Regular investments as well as savings and precious metals as well. Slow and steady. Then later in life having the financial strength to achieve certain goals. 😎
@@2is1gold Best wishes with your kids for certain. When I got out of school, it took me awhile to dig myself out of debt! I like how you’ve touched on precious metals as being part of financial discipline. Getting used to saving regularly and watching the stack grow is fun ✨Thanks for your time sir!
I wouldn't compare gold to stock investment, tax advantaged or otherwise. Gold is savings to me, so that's all I'd compare it to. I would always recommend maxing any company match IRA before buying a slow growth asset.
If you had bought 174 ounces in 1970, it would've cost ~$6800 to get those shiny bits. Median home price was around $23k in '70. Fast forward to today and those shiny bits are still appealing when looking at the median home price. The ducats are simply a supplement to the relaxing days after clocking out for the final time. History shows us it's never a bad idea to have a personal savings account that doesn't take it on the chin as it would've in a CD or weak sauce savings account. Now, onto that elephant in the room--the latest economic data showing a 2.8% increase. The values are skewed as uncle sugar had a lot to do with it in spending our tax dollars but nobody wants to pull back that curtain and take a good look at OZ. Next month they will quietly adjust the numbers downward. The other pachyderm nobody seems to be talking about is 66% of plebes are living paycheck to paycheck which is abysmal. Let's hope for the best and prepare for the worst.
"The ducats are simply a supplement to the relaxing days after clocking out for the final time." Geeze, I MUST be doing this retirement thing wrong. I work harder now than I ever did on the job and was considered by my bosses as a hard worker then. Been retired for 20 years now, and there is still an endless stream of fix this, replace that, paint this other thing, haul that to the dump, help build a shed, replace a fence, do some yardwork, trim those trees, get that 20 foot limb off of the roof, etc. etc. etc. BUT... in less than 10 days, I turn age 75 and I told my wife that the endless stream of "projects" comes to an end on that day! And I really mean it! She can hire some slave labor from then on. lol
A house then was far smaller and you would be lucky to have running water or electricity, let alone all of the bells and whistles that come standard today.
The building process has also been streamlined and much more efficient than before which saves on cost. We've also found cheaper ways to achieve the same structural integrity in many situations. It's an analogy, nothing for you to pick apart and try to prove you know so much about what you don't.
@@n2skcmo I have to spell it out for you? You are trying to make it seem like housing prices are drastically more expensive because of electricity/plumbing/bells and whistles. I simply replied that that may be true, but in other ways they are cheaper also so the point is moot. You're the kind of person that if somebody said the sky is blue you'd argue that at times in sunsets its orange, or when cloudy gray, or even black at night.
I been going with the 1/4 oz go gold. Because is what I'm able to get at a time. But will be going to 1oz now. I like having the 1/4 oz as it gives you flexibility also.
just keeping picking away at your expenses and convert extra dollars into silver i got my first oz by converting my all my silver i saved from 15 years old just kept at it and the converted all my gold into a house
@@appleztooranges trump 2024 baby i’m irish born living in Canada with canadian citizenship and definitely will be moving to the usa if trump wins either way il be buying homes in the usa my boss and my housemate also want to go in on property together i want as many door as i can get then il retire by the age of 45 so i have 14 years with a goal of buying minimum 5 homes already have one worth 1.3 million by the time i get my keys could be worth more it’s a presale it’s the amazing brentwood project in burnaby vancouver canada
Sehr únwahrscheinlich. I don't live in Germany and I don't have a calendar handy but I'm pretty sure this isn't 1923. Anyone thinking that a modern western country will experience the same situation as Wiemar Germany should probably do some reading. There could certainly be hyper inflation, but it's not going to happen in the same way. Thanks!
If you can remote working, don't hesitate, come to the Med (Spain, Italy, Greece), enjoy the exquisite and healthy Mediterranean diet, and you would need an average of about 85 ounces of gold to buy a property here. You would maintain an even better quality of life than in the US, and enjoy life. I’m not kidding, I’m serious!!!
It's an interesting scenario with wide ranging cases. I could do it under two of those. Definitely good to pay extra on the mortgage. Good stuff as always
Great topic, thank you. I wonder if the asset cycles for precious metals and real estate act favorably with one another. By that, I mean it's better to save for a property in gold vs. dollars. Mike Mahoney (I know... a bullion dealer) threw out some statistic re 2008 financial crisis where if one had saved in gold, they could have afforded 4 or 8X what could have been purchased in dollars. Haven't fact checked any of this, but it is compelling. And it kind of makes sense from a timing perspective relative to an economic downturn. If gold is one of the first assets to bounce back and then go on a bull run post recession and real estate typically is an asset that devalues slowly but steadily i.e., over years then it makes sense that there could be a favorable exchange rate from one asset to the other. I.e. save gold for real estate down payment.
boss when i get my keys in 2028 would you like to go in on a house together we will meet at a lawyer office and have a coffee together and start shopping il have 360k cad not usd available to purchase
My 9 year old wrote a little storybook yesterday with the main character going to buy stuff to fix his burnt down house using two gold coins. Proud dad moment. Every year since they were babies Santa has been giving our boys a silver or gold coin in their stocking for Christmas.
Smart kid!
Lucky children. When they are older they will appreciate those even more. Good job .
Show us a house in Gold at today’s price or at least a corvette
Hobby Farm
🤫 you know what they say about loose lips… but that is pretty darn cool story. 🫡👍
About a half century ago I bought my house and 10 acres for about 35 1 oz Gold Buffalos at todays prices. Today it's worth way over 400 Gold Buffalos or 20 tubes. Let's just call it a 25 tube monster box 😂. Thanks for making me do the math and for the video Sir.. 👍 Life is good...God Bless
Nice! Cheers!
Just picked up a 1/10oz gold eagle today even though silver was down I like my gold stacking to be a lil higher than my silver but I love both
You need a house before you need gold, but you need food before you need a house. That's what happened in Weimar.
Not many people know that people then was using swiss franc as money in Germany if they could get a hold of them a black market was happening with a foreign paper currency
Weimar was more like catastrophic policy choices.
I don’t think people were selling their houses for a tiny fraction (0.5%) of their value to buy food to eat on the street. 🤷
@@2is1gold What other reason would you sell your house for? To spend the money at the brothel? To buy a sports car? In a recent video from Lynette, she showed some shocking stats from that time. If I remember correctly, people were spending over 90% of their household income on food and under 5% on rent. That, more or less, tells the story. A person who doesn't eat is a dead person, and a dead person can't pay rent. A landlord can only charge what a person can afford after buying food, and that was less than 5% of income. That's why houses were worthless.
@@chesshooligan1282 Dont go to the brothel ...BE THE BROTHEL ...BUY GOLD and SILVER!!! ..wait, that's not really what I meant ..something about why buy the cow, and milk for silver? ...... never mind
I'm in Canada, and that overnight evaluation looks more and more likely by the day.
Insane clown world up here.
We're not far off either.
I think the entire population of North America is tied to the proverbial tracks.
We have a posse in Michigan for that
I’ve been traveling to Kitchener area every couple weeks for work (from US), it looks like an invasion happening.
We in Canada have been
invaded 😢
"The Psychology of Money" suggests saving even when you don't have a specific reason. I've been thinking a lot about that lately. You could use money saved for the right opportunity, as mentioned in this video. It's also there for emergencies. Conversely, I see the merit of paying off a mortgage early and the peace of mind it confers. That does lock up money that could be used elsewhere. Options versus minimal monthly overhead. It's a good first-world problem to suffer. Great video, as always!
As a side note, the end of the video mentions buying a mountain property. That was on my radar until these relentless fires started happening. Property insurance companies are bowing out of insuring mountain properties, making it tougher and more expensive to find insurance. So beware on that front! Or in honor of the German theme of the video: actung!
we should start a pool in this channel and start buying up land and assets
Yes, sounds great
Gold & silver are assets. I’ll pool my own, thanks. 😊
@@drewlucy4008let’s buy Drew’s house first
@@drewlucy4008 why the hate
I think it's a good idea..
Im not buying a house. And im especially not spenting my gold to buy something that can be stolen if you cant afford the property tax.
I think of this often.
@@Chris_Richard me too brotha
Well said.
Gold
Guns
Grub
You dont need anything ese
is property tax such a problem in the US? (I live in the Netherlands myself)
" Just a warning we have to do math."
Me: DAMN IT!!!
😂
Me: bring it on! lol
Shirogorov F3 knife in blue, very nice.
It’s no CD, but it’ll do! 🤩
Or is it purple, no blue
Thank you for posting this.
I’m here scrolling comments to see if anyone mentioned the knife.
@@JarrettAldrich It's a fun game. @2is1 has a very fine collection.
My idea is have the gold when the currency collapses, and then decide whether to pay off mortgage or buy a rental unit. Also it gives me the ability to change location in case of instability.
Saving Gold and Silver to buy some land someday.. Awesome video my friend. Hope you're having a great weekend !
I was watching the debt clock on redacted last night and it is moving at about a million dollars a minute. I think gold is probably a good investment at this point. I just wish I could buy more.
Redacted is good stuff! Love me some Clayton and Natali...
" I just wish I could buy more"... Same here! 😄
Good job in this, very logical.
It would be a harsh world when a house was only one ounce.
I stack for all the right reasons you mentioned.
Now, if i could just hit those highs and lows with precision. 😂
🤜🤛
"Now, if i could just hit those highs and lows with precision."
Yes, that IS the real trick, isn't it? I've done well in the stock market but nowhere near always buying at the
lows and selling at the highs. The good news there is that one does not need to do that to still do very well.
Another great video 2 is 1. Love watching your videos. Hey if I’m up around 32% in my GLD ETF do you think that I should hold on to it, or should I just sell my ETF and buy physical gold and silver with the money and profits that I have in there??
My guess is that price will shoot up on an actual Fed rate cut. Fed meeting next week will probably further confirm the guess of a September cut. I think gold is still going up this year. At some point it will pull back. The trick would be to capture the run in a trade and then buy physical on a drop. Easier said than done, though!
I heard it was a city block buildings and all- for an ozt of gold in Germany 1923. A house is close enough I guess…I just bought a house and 2 acres for 370k. Thats a lot of gold.
What state/city or town did you buy your property in?
The currency slide was profound - it went from 320 marks = $1 to 4.2 trillion marks = $1. So in hypothetical terms, a city block would fall into that math. It didn’t happen, though, of course. I think somebody dug up documentation of a home sale, and that’s where the 1oz case comes from. Hard to verify.
And to think, in 2000 it’d have been around 90oz of gold to buy a house. For now, I’ll keep picking up gold and silver here and there (probably make a trip to the LCS today). Waiting on the housing market to tank as it’s hard to justify the interest . Something’s got to give.
Such is the grind of life but factoring that I’ve been renting 20 years at an average of say $600 a month, that totals $144,000. And that’s a conservative estimate. Certainly wish that could have been building equity.
Nah... Houses are a horrible money sucking Expense. Especially if it's a single house and not an investment property
You aren’t alone. I’m stacking and once the bottom does fall I will sell some of my stash. Thats about the only thing I’m planning on selling for.
@@aminmalik4086 goes both ways. Yeah, it’s nice when my microwave took a poop. Also the cheap 18cu ft fridgedair failed and all I had to do was call. Looks at a roof for a house. Probably going to be quoted $15-20k depending on how many sheets. My boss tried to pass the same BS on to me as he has a decent 2000sq foot home here in Oregon. Lots of rain. Lots of problems. He also didn’t know that when he bought his house in the mid 2000s for $210k that it’s now quoted for $500k. That won’t include all the remodel he’s tackled on himself. Probably 600k. Owning a home outright is your best bet long term, sure you have taxes, sure you have up keep. The problem is most people can’t turn a damn wrench. I personally maintain my rental or improve it unless it requires decent capital. I get my hands dirty for a living and will continue to do so for my home. Rather it’s a rental or my own house.
And, another case in point. The home I grew up in in west LA. My father still lives there. 3000sq foot rancher he and my mother bought back in the early 80s for $300k. Just looked, estimate is 2.9 million. Won’t get anywhere near that and even tho it’s been renovated recently as a single story rancher, new owners would tear it down and put a McMansion on it like they have all around it. My father, who owns partial equity in medical facilities(think shopping centers but multiple stories), pre 33 gold (I bet enough to make all our jaws drop), stocks and so on still says that property has been one of his best investments.
Oh, and I have buddies that bought a home, family grew more, sold said home and took the equity to buy better and have done better on said equity.
And…my uncle now has turned his blue collar life, logging, commercial fishing, to buying a peppered farm route, to selling that one and buying and building another one into 5 rental properties (that does hark back to your spiel) and despite not having retirement saving, 401k, IRA etc. has a comfortable retirement ahead of him and while he never stops working as he likes to, doesn’t have a 9-5.
So unless your a renter like me, with no plans on wanting to own your own home personally, I’d say your mostly wrong. Unless you live somewhere that no one ever wants to and had a horrid home inspector for when you bought, I’ll gladly take my chances and pull the trigger to become an owner. You can’t rent a nice 2 bedroom 1200ft duplex like I got for less than 2000 a month. Sure as heck wasn’t that 10 years ago.
@@aminmalik4086damn you tube doesn’t like my response. So I’ll curtail it. My boss tried to say the same thing until I showed him the house he bought back in the mid 2000s for $210k is now $550k. Not including all the renovating he’s personally done. Oh. And he had zero clue about how much rent has changed over the past decade.
Sure, maintaining a home costs money but my 1200sq ft duplex is costing my gf and me $1550 a month. In a years time. That’d repair the roof. Problem is that people can’t turn a wrench and don’t maintain there things. I get dirty for work (blue collar but do all right) and I sure do get dirty. House my father bought in LA back in the early 80s was $310k for a 2900sq foot rancher on a sizable plot. All the other homes have been torn down and built into McMansions. The house I lived in is fully renovated but it’s be torn down for said McMansion. Guess the price of it currently. $2.9mil. My father has investments in medical building, pre 33 gold, stock market and so one and yet he still says that property was his best investment.
I can go on and on with friends that bought there first homes in the early 2010s (they did just fine with that collapse. Their families grew, they sold a few years later and flipped equity into bigger, better and the same rates. Wasn’t that long ago I could look at interest rates, closing costs and factor in either 10-20% down and say my mortgage would be the same as my month rate.
If you live month to month, never save, then a home isn’t for you. Do your due diligence, get a good home inspector so u know that roof needs to be redone in less than 5 years and have some savings set aside for it and expect it. Just saying. Homes are indeed a money pit, but a money pit I’d like to own!
@@bhageerah3370appreciate that. A bit back I told the GF of 10 years who asked how much I’ve spent and then said I’d never sell my PMs, that, first, sure, u can say I’ve spent money on PMs, but really I’ve only converted and even if the same day, I can convert back at a loss. But over the 2 years I’ve stacked, I probably gain 10%. But, I’ve told the few people I can talk to about PMs that I’d totally spend some of my stack on property. Key is some, I’ll always keep at least half for a rainy day. Like needing a new roof. But, I also keep a couple savings accounts(one for if needed, another for a down payment on a home). Have also stored a chunk of fiat just in case and everyone should. RUclips forced this wordage but freedom seeds and their dispensers is smart as well as things to sustain yourself in said times plus the knowledge to live from all of that. And then the rest goes to PMs. But, hell yeah, I’d sell a chunk of my PMs for a down payment on a home. Just patiently waiting. Not sure if that’s right either, but I always try to play the dips.
Cheers to the weekend, friend. 🥃
May they give us enough to make it through the week! 🥃
I see a lot more value right now in paying down my mortgage rather than accumulating more gold.
Nothing wrong with that. Cheers!
Id always choose to pay down debt and lower interest first over most anything else.
Depends on the size of debt and the size of gold. Gold has seen x5 increase the value of my interest payments over the last 2 years. It has actually been much better to stack gold than focus on my debt. My house debt is small though, large house debts yes pay it off.
I found it tends to make you poorer , but healthier since you sleep better at night.
@@jamesdoe3713 I’d agree with the sentiment if the debt and interest are both still high. Bought a 4 year old truck back in 2018. Between what I had down, my credit score (730ish at time) and that I wanted around a $400 a month payment, I financed a 5.5 year loan (should have skipped the 3 year vehicle coverage). Monthly payments were $394 at first with almost $85-$90 going to interest. Goal was to pay it off in 3 years. Every side job, anytime I came across additional money, I put towards the principal. Within the first year my interest was around $40 per month. Certainly saved some money by avoiding lofty interest payments initially over time.
Holding on to it. I am debt free. Have been stacking since 1982. Will pass it down.
🤜🤛
You can never be "debt free" go look at the US debt clock and see for yourself, "they" still put the burden on the people.
You can never be "debt free" go look at the US debt clock and see for yourself, "they" still put the burden on the people.
If you run the ounces on buying land and GC your own home built and hey if you are a builder even better😉. That cuts several pounds of the stash out! Cheers bro!!
Cheers!
Probably a much more relevant question is what does a home cost in the U.S. in U.S. Dollars so here is my question for you to answer. How much Gold would it take to buy a home in 1971 on the gold standard vs now. 2024 you would need a 175 ounces and in 1971 you would need 658 ounces. Best ratio was 1980 when you would need 109 ounces based on average price of a home according to the US Census.
Have you heard that Italian government was selling houses for €1 in recent years? How much gold is that? 😂
There are a ton of catches. For example you must refurbish the residence on the property to a minimum standard determined by the government and you must use local labour to do so. It also must be all completed in a pre determined amount of time. I believe 2 yrs. In other words no squatting on land or doing it up yourself.
I've heard that the city of Detroit also sold some abandoned homes for next to nothing but usually in areas that look like 3rd world war zones.
@@jeffee1933
Yeap! So it’s not 1€.
Interesting info, thanks for sharing!
cheers!
Great commentary 2 is 1.
Damn that yellow chicken.
2009 UHR for the win!
Your house, your rules...
🐓🤩
Heard stories of gold buying homes in Venezuela not long ago.
Yeah, but do you want to live in Venezuela...? 🤔
@@brandymocanu6073 One or two gold coins would easily buy you one of many homes in Japan with land and everything. Fixing it up, however, would need some more coins, but the title will be yours and your descendants for pretty much forever.
I love watching Bald Guy's channel....so cool that you referenced him here!
I like his perspective a lot. He floats above the imaginary doom so many people try to manufacture.
Big dip last night; got be buying first thing this morning … multiple!
Not to trade for a house however, at least not for me. Kids might be another story.
How many ounces to get a nice house in Germany, uk, Sweden, spain , usa, canafuck, today?
Charles Dickens, what a writer… 😎
Bought 4 buffalos 🦬 today. Adding to the stack. Thanks for your awesome channel!
Nice! 🤩
Well done! 👍🥳🥳
Generational wealth baby. 😊
Investment guru's will tell you to invest more heavily rather than paying off your mortgage.
Depends.
I started investing in my early 20s, but for whatever reason, I didn't buy a home until I was 42, during the housing crisis. At a price 1/3 of what it sold for just a few years prior. I paid extra towards the principal from the very first payment, saving almost as much in interest as I financed and paid it off in 13 years, retiring at 55. I still invested, but stopped contributing in '18 and started buying PMs. Wish I had bought more at lower spot, but no regrets.
Deciding when to recover your last $2400 worth of equity is very unlikely but if it did happen, it's also likely that the decision would be made for you due to other factors, such as the
deterioration of the neighborhood, town, or city in which it is located or the possibility of job / income loss and needing to pay whatever property taxes were then due. Moving to
another town or city in which there are jobs for your area of expertise might be another reason for selling at such a depressed price, since at that point any equity recovered
would be better than none.
But this scenario can be looked at from the other direction of home prices remaining high but gold prices going much higher, as would be due to a worldwide collapse of the fiat
currency experiment. Consider what the price of gold would have to be in order to cover the current $35T US debt, based on supposedly having the 8,130 tons of gold in US vaults,
even though this has not been independently verified in more than 60 years.
I have two thoughts on the US gold holdings verification: 1) the gold is still there but has simply not been relevant to the US economy, so no one bothers to do it; and 2) if the gold is
not in those vaults, that immediately brings up the questions of where did it go and who was responsible for making that decision? Was it sold off quietly in order to allow us to live
beyond our means or to take advantage of the higher gold prices in recent years? Whatever the case turns out to be, a lot of conspiracy theories could be put to rest via having an
independent audit, which would include ultrasonic testing of this gold to make sure that it really is pure gold and its weight. Video evidence would need to be recorded as proof
of this gold's existence, which would be examined intensely by recognized video experts who could testify under oath as to its authenticity. Is this a perfect solution? No, it is not
but then it's an imperfect world and may be the best we can do.
Audits happen every five years. One is due this year. I’ll see if I can find anything interesting. Cheers!
Nice books, where you buy them from the publisher? No damn batteries needed.
About of them are Easton Press.
It seems like the USD debasement has been very gradual over a very long period time.
planning on using it in retirement. need a vacation, sell some gold. buy a car, sell some gold. If we keep on the current trajectory, I'll need it just to get a weeks worth of groceries.
Hopefully the former!
We need to play the gold to House ratio XD
😄
In my view this topic is relevant when there isn't really much to discuss in the PM realm. We are in the summer time doldrums now. Lets search for topics. I wonder how much gold it will take to buy a house? Ya. That's a good one.
Jeffrey Christian from CPM Group tells us in one of his videos that his late uncle bought a house with silver back in the Fifties 🙂
Thanks for sharing ❤
🤜🤛
They need to stop with the gold suppression nonsense and just start reevaluating gold against all the debts that the United States has if there is any hope of getting out of the debt bubble. Go to Fort Knox. See what we have. And start doing some math. I guess it would come around 42,000 an ounce. So then all you need is 10 oz
They will have no choice but to do that next year
Gold has and always will carry that curse. Ironically what is the solution at a small scale ends up being vaulted , and rehypothecated at a large scale which started the paper printer in the first place.
“Did some math”
Somehow methinks you used some very creative thinking with numbers, but not math. Gold people, in my experience, could not distinguish a differential equation from a garden hose.
The gold reserve has nothing to do with the US economy. Revaluating the gold reserve will mean nothing
There’s no gold
In Fort Knox 😂
Not any owned by the US anyway.
Well that didn’t take long YouTuuubb took my comment down FAST. I must’ve said something correct. That said I wish I could convey what’s on my mind about the subject. What a wealth of information I could share. Fascinating topic. Suffice it to say that history is coherent and definitely repeats itself.
I doubt houses will go lower they want people to not own them and be renters .
So do you think we can go on like this with out a currency reset (Debt and Deficiet spending )
Have the mtn house with a small “farm”. Maybe a beach house but I think it’s going to get crazy when the dollar hyper inflates
Has anyone ever needed to sell any of their gold? I wonder how easy or difficult it is to do? What if the coin shops want to buy it? Then what? My concern is prompt liquidity. We are thinking of buying a house with cash once this housing bubble pops and wonder if we should move it into gold now, temporarily??
Thank you for the video.
Thanks for watching!
Gold was $20.00 back then so equal $20.00 per house
The comparison doesn't really even make sense. The average home price in the U.S. at the time was $3,200. I doubt anyone in Germany was pricing their homes in the Mark at the time.
So, is the US government going to hold down the price of gold, and keep MMT going? Gee, could American houses soon cost $2 million CDN or AUS, like those people face ??
There is a 4th scenario. Pay back your mortgage and accumulate gold. I am in a situation where I can pay remaining mortgage open just with the gold I stacked. I am trying to play both 75% of monthly savings against mortgage and 25% in gold… just in case of…
Gold revaluation >20k incoming…….
Great video. Just imagine getting your kid to start saving when they are young and to continue. Regular investments as well as savings and precious metals as well. Slow and steady. Then later in life having the financial strength to achieve certain goals. 😎
Yep. I’m hoping to start my kids off without debt to get them on that path. I know firsthand it can take a while to climb out.
@@2is1gold Best wishes with your kids for certain. When I got out of school, it took me awhile to dig myself out of debt! I like how you’ve touched on precious metals as being part of financial discipline. Getting used to saving regularly and watching the stack grow is fun ✨Thanks for your time sir!
I sold most of my silver to pay for a little off-grid cabin on my recreational land. 👍👍 I don't have any gold.
Nice!
Maybe if they revalue gold to paper to gold ratio.
How much to buy Haiti? 1/4 Toz?
😬
I think Haiti would have to pay me a bit more. The clean up would cost a
pretty penny.🙂
Hillary Clinton and friends would not be allowed to bid against you.
So you would have that going for you😮
@2 is 1: Your kids are lucky to have you for their Dad 🥰👍
I will relay this directly. 😄
What about a video that compares a kid at 18 doing 100 a month in something like an IRA vs buying fractional gold for 20yrs?
I wouldn't compare gold to stock investment, tax advantaged or otherwise. Gold is savings to me, so that's all I'd compare it to. I would always recommend maxing any company match IRA before buying a slow growth asset.
If you had bought 174 ounces in 1970, it would've cost ~$6800 to get those shiny bits. Median home price was around $23k in '70. Fast forward to today and those shiny bits are still appealing when looking at the median home price.
The ducats are simply a supplement to the relaxing days after clocking out for the final time. History shows us it's never a bad idea to have a personal savings account that doesn't take it on the chin as it would've in a CD or weak sauce savings account.
Now, onto that elephant in the room--the latest economic data showing a 2.8% increase. The values are skewed as uncle sugar had a lot to do with it in spending our tax dollars but nobody wants to pull back that curtain and take a good look at OZ. Next month they will quietly adjust the numbers downward. The other pachyderm nobody seems to be talking about is 66% of plebes are living paycheck to paycheck which is abysmal. Let's hope for the best and prepare for the worst.
🤜🤛
"The ducats are simply a supplement to the relaxing days after clocking out for the final time."
Geeze, I MUST be doing this retirement thing wrong. I work harder now than I ever did on the job and was considered by my bosses as a hard worker then.
Been retired for 20 years now, and there is still an endless stream of fix this, replace that, paint this other thing, haul that to the dump, help build a shed,
replace a fence, do some yardwork, trim those trees, get that 20 foot limb off of the roof, etc. etc. etc. BUT... in less than 10 days, I turn age 75 and I told
my wife that the endless stream of "projects" comes to an end on that day! And I really mean it! She can hire some slave labor from then on. lol
@@edb3877 In your own words, you must be doing retirement wrong. LOL
A house then was far smaller and you would be lucky to have running water or electricity, let alone all of the bells and whistles that come standard today.
The building process has also been streamlined and much more efficient than before which saves on cost. We've also found cheaper ways to achieve the same structural integrity in many situations. It's an analogy, nothing for you to pick apart and try to prove you know so much about what you don't.
@@SiVisPacem_ParaBellum your comment has no relevance to what I said.
@@n2skcmo I have to spell it out for you? You are trying to make it seem like housing prices are drastically more expensive because of electricity/plumbing/bells and whistles. I simply replied that that may be true, but in other ways they are cheaper also so the point is moot. You're the kind of person that if somebody said the sky is blue you'd argue that at times in sunsets its orange, or when cloudy gray, or even black at night.
Cool song
I would like to see a video showcasing your knife collection please.
I been going with the 1/4 oz go gold. Because is what I'm able to get at a time. But will be going to 1oz now.
I like having the 1/4 oz as it gives you flexibility also.
Never say never ?? Anything is possible but imo it's just a great savings account.
I think it will take much less vs 70 plus ozs
Yeah, if Harris gets in…. Weimar, here we come.
You forgot the 28% tax on gold lol.
Maybe a real nice shed
Everyone broke bro 😎
Bidenomics 😢
@@linnspencer2210 kameltoenomics soon! 🔜
just keeping picking away at your expenses and convert extra dollars into silver i got my first oz by converting my all my silver i saved from 15 years old just kept at it and the converted all my gold into a house
@@anthonycassidy1124 I’ll blame Bidenomics
@@appleztooranges trump 2024 baby i’m irish born living in Canada with canadian citizenship and definitely will be moving to the usa if trump wins either way il be buying homes in the usa my boss and my housemate also want to go in on property together i want as many door as i can get then il retire by the age of 45 so i have 14 years with a goal of buying minimum 5 homes already have one worth 1.3 million by the time i get my keys could be worth more it’s a presale it’s the amazing brentwood project in burnaby vancouver canada
Sehr únwahrscheinlich. I don't live in Germany and I don't have a calendar handy but I'm pretty sure this isn't 1923. Anyone thinking that a modern western country will experience the same situation as Wiemar Germany should probably do some reading. There could certainly be hyper inflation, but it's not going to happen in the same way. Thanks!
It’s funny how often it comes up.
Something coming soon for $2300 gold in the near future? What does the 8 ball say?
Buy more gold.😊
“Try again later.”
love you bro
✊
If you can remote working, don't hesitate, come to the Med (Spain, Italy, Greece), enjoy the exquisite and healthy Mediterranean diet, and you would need an average of about 85 ounces of gold to buy a property here.
You would maintain an even better quality of life than in the US, and enjoy life. I’m not kidding, I’m serious!!!
I’ve worked the numbers! 😄
I have a long way right to go, I would love an ounce of gold for a house or two ounces
Why would you want an asset you never actually own?
It would be nice to say
It's an interesting scenario with wide ranging cases. I could do it under two of those. Definitely good to pay extra on the mortgage. Good stuff as always
Hold out until you can pick up two or three! 😄🌴🏠
So, did anyone buy the dip?
What he said 😎 ⬇️
how much gold do you have?
You owe US dollars not gold. So use the gold to buy the dollars to pay off the house
I don't have that much money i am poor 😔
Work hard and get it, I believe in you.
@@SiVisPacem_ParaBellum i am disabled i have mental health issues i don't get that much money every month
You maybe today but not much longer. What you think, say & do determines your outcome. Make wise choices...You got this Nate👍🥰🙏
Great topic, thank you. I wonder if the asset cycles for precious metals and real estate act favorably with one another. By that, I mean it's better to save for a property in gold vs. dollars. Mike Mahoney (I know... a bullion dealer) threw out some statistic re 2008 financial crisis where if one had saved in gold, they could have afforded 4 or 8X what could have been purchased in dollars. Haven't fact checked any of this, but it is compelling. And it kind of makes sense from a timing perspective relative to an economic downturn. If gold is one of the first assets to bounce back and then go on a bull run post recession and real estate typically is an asset that devalues slowly but steadily i.e., over years then it makes sense that there could be a favorable exchange rate from one asset to the other. I.e. save gold for real estate down payment.
Not today🎉
The population is to big for 1 oz of gold to buy a house and the population is to big for gold and silver to work as money
You have a problem in your math. Gold would be and should be priced higher.
I have my eyes on a house in Texas...
Bring your Krugs because Pandas don’t spend there fyi.
Iam taken mine to my grave with me
You can buy a really nice dollhouse for an ounce of gold.
boss when i get my keys in 2028 would you like to go in on a house together we will meet at a lawyer office and have a coffee together and start shopping il have 360k cad not usd available to purchase
2 is 1 Trump just mention he is backing the Bitcoin community if he is elected president again. Are you going get back into Bitcoin
I still have some.
🌎🗿™️🇺🇸
Talk about hyperbole!!!
🤔
Horrible propaganda
Second 🥈
✊
Does anyone here watch that doom & gloom scammer guy Yankee??
How is Yankee a scammer? I'm not entirely certain that you can reasonably call him a doom and gloomer either, but I'm not aware of him scamming anyone
Silver dragons channel is also a scam
@@TheQuickSilver101Both channels have sponsors. Sounds like jealousy.
Hope it never happens.
Gold n silver is going get repegged to its true value