Minimum Amount of Silver You NEED to Own
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- Опубликовано: 17 июн 2024
- In this video I talk about the minimum amount of silver you need to own. I talk about the number of ounces every silver stacker should strive to have in their stack. My first silver stacking goal was to acquire 40 ounces of silver. I believe that having a goal will help you to buy more silver faster. This video is mostly for the new silver stackers or the beginner silver stackers. If you are wondering how many ounces of silver should I buy or how many ounces of silver are enough then this is the video for you. How much silver should I stack? I give a starting place where most silver stackers will be able to buy this much silver. In this video I also talk about a charity auction and here is my email:
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Thanks for watching!!
Disclaimer: Some of the links are affiliate links where ill earn a small commission if you make a purchase at no additional cost to you.
Topics I cover in this video: silver stacking, silver stack, silver stacker, silver stackers, silver stacking goal, silver stacking for beginners, beginner silver stacker, new silver stacker, how many ounces of silver, how much silver should I buy, how many oz of silver should I stack, silver coins, silver coin, silver investing, silver stacking coins, silver coin stacking, silver investing coin, silver investing coins, investing in silver coins, buy silver, buying silver, how much silver should I buy, how many oz of silver should I buy, amount of silver to buy
#silver #silverstacking #silvercoins
Let me add my 2 cents! I started stacking silver and gold 6 months ago. You're never too old to start. I turn 73 years old in 2 months.
Well done Bobby
I really enjoyed your sharing that because some people won’t stack due to the thinking of that it’s to late attitude! Keep stacking my friend!
I love this hobby! No matter the age, it is a ton of fun.
Wow thats awesome its never too late. Im 37 and i feel late
@@PinoyBaldStacker don’t feel late the best time to buy silver was 15 years the next best time is tomorrow. Silver is gonna be the big winner compared to gold and there’s about 5 month supply of registered silver supposedly.
i am glad to hear about young stackers still buying silver. when i started in 1967 as a kid i trapped muskrats and sold their fur to buy silver and gold coins. a lot cheaper back then. i am now over 10,000 ounces of silver.
nice man. my father and his friend did the same thing to aquire extra money. he didn't buy silver unfortunately but made decent money traping and hunting fur. I kinda do what you do. I obviously don't sell fur because it's just not worth it anymore but I sell my scrap metal and hit my local coin dealer. idk seems logical to me. trading steel in for silver basically
How do you store th that much?
10,000 😯 that's amazing 😍😍😍
@@maxcactus7 I have done the math. I have 1700 oz. But he said 10,000.
@@handduggraverdronline I too do scrap metal. I do steel short term for ounce by ounce and have been just stacking and holding the rest in my garage for when the price evens back out so I can buy a bunch of silver/gold with it 🙏 I love working with metal in general
1oz of Gold
120oz of Silver so far :)
Two months in!
add 2 oz platinum to that to round it out, nice work
@@PrimaryIgnitionplatinum is off though
@@ryantate6447 when it's historically low vs g and close to the cost to make an oz, it's opportunity to buy. I like stuff on sale and like long term prospects (ICE for RoW middle class and hydrogen catalyst)
@@ryantate6447What do you mean by off?
Nty@@PrimaryIgnition
40 was also my opening goal after that was 100. Then 500, then 1000 and I am currently working toward 1500
Whats your address?
@@b.o.b3461 You'd also better ask him if he's a gun owner.
@@pouglwaw5932 i am an inanimate object
you will lose a lot of money than.
@@johanvanholland6074 I remember when silver was less than a dollar an ounce. What's spot on silver now?
I began collecting silver in the past year. Between coins (13 oz.), rounds (13 oz.), and bars (2 oz), I have 28 ounces so far. It has been hard to find the money for it, but I am looking forward to getting to 40 ounces one day. Thank you for all your videos. I really appreciate all you do!
Good job
Keep after it Jason and good luck!
Keep it going ! it will build up , once you hit 40 youll want to set a new goal
Very close to your goal, nicely done
I know you can do it! keep it up! 🔥🐉
This guy is absolutely right. I never saved money until I started collecting silver. It also motivates you to buy because you see the pile grow and it's fun to collect
If i decide to sell, does it sell back for market value to coin shops?? How does that work, im sure there's some loss
@@naneekad3960 one day, countries will offer exorbitant prices to people to buy that silver from you
@@naneekad3960Basically yes spot price. Silver is really insurance but a lot of people are thinking it will explode
Same Im horrible about saving money... but seeing these shine and not being able to go spend them at stores helps me "save money"
The amount of silver one “needs“ is entirely dependant on one's means. It's different for everyone.
So true. Do not buy silver or gold if you are paycheck to paycheck or in lot of debt.
According to a lady in Texas, the minimum is 900,000.
I started stacking silver about a decade and I live on a fixed income. I hit my 1st 2 goals which were 100oz then 250oz. I wish I could stack faster but I'm grateful to have what I have. Good video.
My annual goal is 100 ozs of silver and 1 oz of gold a year, that's what I aim for every year, I just doubled my silver goal for the year and am working on doubling my gold goal for the year, it's fun and I really have been able to add to my stack with the lower spot price, 10 oz silver bars add up quickly and I average 25 ozs a month the last 3 months, keep stacking my fellow PM friends
💪😎
great stacking so far keep it up my friend 💪🏽🔥🐉
I agree. althow I try to put
Say 100 oz silver
2 oz gold
5k cash
5k bank
@@jamesgaudet9293 Your numbers are off. Too much in fiat money vs PM
@@dkhargroves Yes... makes no sense to have money in the bank these days
I started stacking 2 months ago, analyzed all the possible places to buy silver in my area, choose the cheapest one, and bought silver regularly. I'm at 31 ounces and my first goal is 50 by the end of the year.
my goal was also 50, and over one weekend ended up with 60.. happy days🙂
@@angiehernandez5505 Good job . . . You took 1500 USD and converted into something that is a store of wealth . . . USD is NOT a store of wealth
Great job Martin. I am sure you will reach your goal.
Keep it up buddy
@@RiccardoPatrese4 oh yeah, in the end got more than 150, kinda got overboard hehe
I cannot wait for the charity auction!! Y’all are simply amazing contributing to an awesome cause! Thank you SD & Yankee!
Glad to hear that you will be donating to charity. I have about 20 ounces today and don’t plan on stopping
I started stacking a little over a year ago as a novice and instinctively began with 40 rounds. After flying "blind" I found your site and was really educated about silver. Thank you for providing such a great service!
As a disabled veteran myself I use some of the WWP services. They have been providing me with therapeutic talk support which has been very helpful. Thank you very much for your content and for being so generous by putting on your auction to help us veterans especially the disabled ones🙏🏼🧘
( CHECK - OUT ) ------- Prepper ELBERTOLOGY ------- THANK YOU for your Information --------
Thank you for your service to the country.
Every ounce is solid insurance against paper and digital currency fraud. You have supported your country, now you are supporting your family. A noble goal.
I bought silver maples this year. What about silver eagles. Are rounds the best way
@@kimwurdeman7257 I have researched since 1996. It is now about survival. Assuming you survived the man made viruses they've thrown at us the poison in our food and soon (hopefully not)the hungry people who may want what you have. Just ask the people who survived Katrina! Food disappearing, water poisoned, chicken plants explode, eggs production down due to what's put in their food causing them not to lay eggs, food trains explode, dog and cat food, now tampered with for experimental sterilisation. A rich Mogul buying up midwest tillable acreage Put 2 and two together!
You can quote me on this; "Don't be lazy with your life, just think, what if they run out of gum balls?"
At the same time buying silver buy canned meat, veggies and fruit (best is bpa free, organic canned)and ANY pure, .999 silver 1 ounce rounds, 1 ounce bars, ( junk silver marked up not pretty and don't pay full price for junk). Remember the more you buy the better the price is on silver but one at a time is much better than none at a time!
To have is better than to want, one at a time or as many as you can. Everytime you go to The store, ask yourself, do I really need this? Than put that into silver.
The food will get you thru an initial disaster, the silver is silver and weather it's collectable or just .999 silver or junk, in bad times it's ALL worth the same when your hungry!
Silver is not tied to the dollar system, it's tied to use and that can be good. Our Buddy, Warren Buffett, lol, he bought $1 billion in silver but nothing in gold! Hope this helps! L
I had the exact same strategy when I first started stacking. I was so motivated to start stacking, but had very little money. I was awakened to precious metals, which led to an awakening to personal finance in general. To date my stack has grown tremendously, as has my financial life in general.
I purchased my first silver. I got a 5oz bar and 4 rounds, 9 total. I’m hoping to get some each month to build up my stack! I’m very new to this but I’m enjoying learning about it. Thanks for your videos, I’ve learned a lot so far
You're 9 ounces ahead of most people. You'll never regret the little sacrifices you make to get more.
Welcome to the REAL MONEY club!!👍🏻👍🏻
Been stacking since 2015 I am somewhere around 2400 Oz of silver and 10 Oz gold. I am 1000% convinced we will need to be into metals when we go full hyperinflation which I believe starts this year
Dude you are ready for fire works. Enjoy.
I've been at it since 2008. I don't have enough gold to even mention it, but I have around 4k oz. of silver. In the event of hyperinflation, AU & AG will be extremely powerful.
@@Mike.L. don't forget about copper (bronze) the big 3 of money metals since the beginning of time.
@@Mike.L. that's a very solid stack. Good job
@@andyu5596 Thank you. Lots of sacrifice and mistakes along the way.
I've gotten into buying silver lately and this video was very helpful. Thank you! Subbed!
Great video. I just started stacking recently and have been going through and watching your videos and they're extremely informative! Thanks
I started stacking 8 months ago. I had a goal set to 40oz now as of today I'm in the high 50s with more coming that will put me to 60+oz of silver. I also have gold too.
I found this to be a worthwhile video, thank you! You’ve personalized silver by sharing your thought process. I’ve looked at various PM online sales sites and watched a few RUclips videos on the topic. It’s a bit daunting to dip your toes into a whole new market. 😳 Decades ago, the “financial advice” was to hold 10% of your investment portfolio in PM simply as a “hedge”. Well, times have changed! Happy to have found out about silver rounds and hey, 1/4 oz gold. I found a comfortable number for me and placed my order. Btw, I believe our first investments right now should be shelf-stable foods and drinking water, followed by alternate heat & cooking sources in case the lights go out. Looking forward to continued stacking!
I don't think it's the amount you NEED to own but that you should own it. My silver and gold stack together is worth in the five-figures (but just barely) but the point is that I NEVER would have saved anything at all or very little if it wasn't for stacking. Stacking PM's actually made saving fun for me.
Why we "should" stack silvers? Please explain.
@@002starboy ???
PM’s?
@@fontane007, precious metals
I agree that for people like me who like to spend, buying assets like this is a way to “save” via “spending.”
I just started collected. Your videos have taught me so much thank you Silver Dragon!
I remember you collecting beverage cans for their deposits when you started. Brings back memories. I did the same thing buying silver with the proceeds.
I’m going to have my students doing that this year as part of my after school investment club.
My goal for the last 3 years is 555 ounces of silver. 500 ounces for me and 55 ounces for Jesus. I'm at 435 ounces and will add about 50 more this month. I'm getting close to my goal and plan to sit back for a while and watch silver rise.
Does Jesus know where his is? 🤣.... kidding. You go!
You stick with it James. It will pay off. My 4th great grandfather was named James Baldwin.
Thanks for the informative video. I'm 17 and just bought my first kilo of silver and I can't wait to get the next
Thanks Dragons! I am always trying to watch your videos. I have slowed down with stacking this year, i am always happy to add a cheeky ounce or two🔥👋
I scrap aluminum and copper routinely and I've never thought to put the "fun" money into silver. Mind blown! Thanks for the idea!
How do you scrap?
I cash all my spare change for silver every year.
Light metal for "Heavy Metal"
It's the way,,,
@@Xjicnejzlcowbxikvjeoalvphwvepv look up your local recycler in your area,
They buy scrap metal.
It's a commodity, it has value.
They turn it into useable items and resell it.
@@94SexyStang smart bro 💯
Thank you for this, I’ve been looking into buying silver and this helped a lot. I needed a way to structure it in my head. Make a game plan and I didn’t realize that what was stopping me was that I didn’t know what to set my goals too. 40oz, another 40 after that, then set my own. Telling my wife that my first goal is about 1000 dollars in silver might give her a heart attack though.
Great info for the beginner and refresher any other time!
First of all, I really respect your grind! Collecting cans to get silver is a honorable and honest grind. Exchanging one metal for another just seems right. I salute you. Secondly, I believe in partime goals. 40oz is a great first step. I started with the goal of 100oz/year. In retrospective, I think that was a bit of a stretch when living paycheck to paycheck. Now I go for consistant buying, a little bit every month adds up. Some months more, some months less, as long as you get it you’re good. Thanks Dragon. Keep on keeping on!
I've advised several friends when starting out to get a roll of pre-65 dimes and a tube of ASEs. I like this solid base to build upon because each is widely recognized and would be the first silver items mainstream America would feel comfortable dealing with. However, with the crazy high premiums of ASEs, I'd change out the buffalo rounds for the ASEs nowadays. Whatever the initial goal is, it is very important to have one! Just make it something able to be achieved with some effort and not overwhelming.
yes buffalo rounds a great way to start stacking! 🔥🐉
just to clarify, you are switching to the buffaloes from the ase's because of the premiums?
@@josephdillon5203 Yes. Most likely even beginners would balk at paying more than $10 more per oz for the ASEs… even though I’d rather have the ASEs.
You're right . There's nothing wrong with clearly marked silver round coins. Beautiful, solid, real money.
I started my silver stacking with a sealed tube of 2022 Ase's not knowing anything about premiums. No regrets though. Ill be buying a tube of ASE's once per year as long as they make em
40oz to freedom has new meaning! Love it!
Great video Silver Dragons! Thanks and God bless you!
Its amazing how many videos you can make about something so extremely simple in concept.
To the newbies, keep in mind S&H costs if ordering online. SD Bullion is free for orders over $200 so it's best to buy at least 10 rounds. Also, watch out for high premiums. When I started in 2015, premiums were pennies over spot. Now you're looking at $4+ which is crazy high. Buy the best deal for the buck and just keep stackin.
Same at Monument Metals.
My local dealer is 7 over spot ..🤬
Sales tax also. Here in Maryland, if I buy over $1000 per order, I avoid 6% sales tax.
@@paulhare662dude...I'm sorry you have to pay tax on your already taxed income currency just to get a different type of currency....
@@simplybeef8232 I have my ways of screwing the Govna, the sad thing is that those least able to afford doing so get to pay those taxes. I only mention the state tax rules as information for those starting out who are unaware.
I started a lil less then a month ago and I’ve now stacked 66oz!! For me that’s awesome! My goal is to have 500oz of silver and at least a half ounce of gold in my first year of stacking. I’m hoping to exceed that but that’s my minimum goal.
that is truly awesome keep it up! you can do it! 🔥🐉
Go with 1oz of gold bro. You'll be better off. Even if you have to lower the silver amount a little.
@Sonny Anaya That's a great goal to have! 500oz of silver imo is really a very substantial stack. Sure there are people out there who have thousands of ounces, but for most of us I think 500oz is a real milestone and I consider that to be the number that probably puts you ahead of the average stacker.
@@SlingshotMustang I met that goal. But... if it's on sale. I get some more.
Awesome. For some of us when we start stacking it can become addictive- I started at a 50 oz goal and ended up with over 100 oz in one year. Now is a good time to buy, but I’ve slowed down a bit because of personal financial situations. But I still make a point to at least get 10 oz a month if at all possible. Save it save it save it and it’ll be well worth it down the road!
Solid advice. Never looked at it that way thanks.
Pretty cool to hear you started by collecting cans…..that’s exactly what I’ve been doing!
I think a good start is one coin because it puts a real and tangible piece of silver into the hands of the person who's getting started. Perhaps it can be called the trial purchase with a purchase one or four somewhere around $100 worth maybe. But getting that first chunk is what I did and I slowly been building it since.
Bought my first OZ in 2004, now my teenage kids stack too, makes me happy👍🏼👍🏼
Smart kids.
6:02 This is a GREAT POINT! It discourages you from wasting money held in local currency.
New to stacking myself. Started when I turned 55 back in October of this year. Currently at 34oz and counting.
I don't have a goal but I very much enjoy adding to my stack every couple weeks or so. I like spending money and saving it, when I spend it on silver I get to keep it too. I also am quite fond of 90% but premiums are high.
Yes, the high premiums on au Morgans are driving me toward rounds.
I think 40 oz is a very reasonable target to achieve initially. It doesn’t put too much pressure on someone, and forces you to save up for it (assuming you have a source of income already). I think aiming too high can cause all sorts or problems, especially for the middle and lower income persons, and you don’t want to be cash poor, even if inflation is on the rise. Cash is still relevant and necessary. But having a little bit of precious metal can at least offset some of that weakening dollar in the future.
Great video!
Any bit of preparedness is invaluable
I would like to start to accumulate silver coins, but I'm not sure if gold coins are a better value. Which would be easier to sell in tome of need? Which has more increased value? Thanks
Dude I like the recycling cans to buy silver. Rad idea. I’m gunna have to start doing that
Very very inspiring I especially liked the fact that you recycled cans, that gives me hope
Ive been pushing it pretty good as a newbie i think! :)
I would think it depends upon one's expendable income. After setting aside that 3-6 months salary for savings/emergencies, and making sure all normal monthly expenses are covered, whatever is left gets divided up with a certain percentage going into each of my various investment funds. I also split my precious metal purchases up to set aside a bit to pick up the larger amounts of gold each quarter (those premiums are still a pain). As one's income grows, so does one's ability to acquire more.
Great video and tips. Collected some silver coins here and there in the 90s. Going to restart collecting silver from 0 oz and goal is to get to 40 oz end of the year. If you have not done it yet, would love to see a video on starting a gold collection from zero.
Love the story of your first collection
Hi dragons, I think that you should have at least 500 ounces of silver to be secure. That's only my opinion. Great video. Stay strong 💪
I watched a youtube video and the guy dug really deep into silver. He said that if you have 42 to 102 ounces, you're in the top 20% of all silver stackers. That percent does not include companies or corporations, only private individuals. Anything above 102 ounces, puts you in the top 10%.
The Bald guy, lol 😅
I saw the same video,415 ozs outs you in the top 1%😃
Don't put too much credit into those ideas. There is absolutely NO WAY Rafi can support that information. My best guess is that 102 oz would probably be below 90%, as most
@@HappyBuddhaBoyd After I thought about it, I agree with you.
@@HappyBuddhaBoyd I think you, too, misunderstood his calculations. He was not limiting the statistics to stackers, but ALL people.
I've been watching for while now and came across this older video and had to comment because when I originally saw this video I literally just started stacking and had a couple 1 oz rounds and some random pre 1964 coins and that's it. I then set this exact goal of getting 40 1 oz coins and now, about a 5-6 months later I'm approaching the 50-60 mark and I did it by going to my local coin shop and buying 2-3 rounds a week and also ingot a change jar that when it gets full I take it to my bank to cash it in and then I spend it all on silver rounds...
Keep stacking ladies and gents...
I enjoy your show. Just started buying some silver.
I started stacking silver 11 months ago and my goal was to fill 2 60-coin cases, one for coins and one for rounds. I filled my coin case and am very close to filling the rounds case. I also bought some bars so I am over my goal of 120 oz. I'm very proud of myself and my new goal is 500 oz. I've also decided to give silver coins as gifts for my grandkids. Hopefully they catch the silver stacking bug!
Just did a count on my stack, and between junk, rounds, and bars, I'm at over 300 Ozt, excluding numismatics. I'm also fortunate to have my partner in the US (I'm Canadian), so I have a silver stack in both countries.
What a trip!
I started my silver stack with recycling too! Ingenious you are I say
Buying silver scrap in dicount is a great way to avoid premium , good luck ,Ami
Very good friend thxu. An attainable number like 40 is great. And to your point, once that is reached, stay in the momentum and sharpen the discipline and keep going. Become your own central bank
I think 40 ounces is a nice starting point. Once you get there you can think about what your goals are and what you want to accomplish by buying silver. Also, you can start thinking about gold. Thanks, SD!
yes indeed and thanks for watching my friend! 🔥🐉
Finally picked up my 1000 OZ! $29k Canadian shipped. Picking up 200 rounds next week. Been a long time waiting, leaving equities at the top in 2021 and riding out this long correction.
Funny you bring up Dave! Injust started the baby steps and asked one of his advisors about having my emergency fund as precious metals, their only concern was the liquidity of it.
Love the can story, very inspirational.
I read somewhere that a good amount of silver to stack for "just in case" is 200oz per person in your household/family and 50oz per animal. I think that is a really good foundation.
You trying to bleed me dry!! 😂
An optimal goal is your body weight in silver. For me, that is over 3000 ounces.
Dude 😎 that is the same way I been stacking silver!!!!!
I just bought my first tube of the 2022 silver eagles today. I plan on getting another tube next month
I have been buying and selling silver for decades. I bought a couple of 100 ounce bars when the Hunt brothers were cornering the silver market in the 80’s. I made a tidy profit from those. My timing hasn’t always been so good. My father got me into numismatics when I was eight years old in 1964. That was the last year that the mints made 90% silver coins. We hit the banks and got several rolls of silver quarters, dimes and halves. I still have a few rolls of those uncirculated Kennedy halves.
I wonder how many people did that back in 1964, going to banks and buying rolls of silver coins.
@@lamarravery4094 Quite a few I would imagine. Now that I think about it, that may be what got my dad interested in coin collecting. He had a lawyer friend who had a coin shop downtown who probably persuaded my dad to hit the banks. I’m so glad he did. Another friend was President of his bank and helped facilitate us getting the rolls. Of course you always wish he could have bought more, but money was tight for our family in those days.
Same here, when prices we're reasonable with no high premiums especially on uncirculated Morgan and Peace dollars.
Started off with 10 oz in 2019. After listening to hundreds of vids just like this one, my understanding is that you need to be able to cover what you need, if cash simply disappears. Use today's spot prices and equate that to how much you need to cover 1 months expenses. Then try and reach 3 months. Then 6 months. Then 9 months. Ultimately, for someone who wants to 'be their own bank', after it all comes crashing down and we are burning our old fiat currency for warmth *Weimar v2.0* I'd recommend 1000oz silver, per person in your home, for long-term SHTF scenario.
In that case 9/10ths of the population will die, if not more, probably 99.5%.
If that happens, you'll need more than silver.
@@Brian-dh9lp he will need 9mm, or preferably 5.56 x 27mm of democracy to cover.
Realistically there is no long term shtf. The real threat to society is war. In which you will either be fighting or fleeing for a few years then back to normal (but worse).
We followed the Ramsey Baby Steps to get our finances under control. Very familiar with his $1K emergency fund concept. Anyway, we finally have achieved the point where we have no debt, paid off mortgage, a very healthy emergency fund in a savings account and are maxing out on our 401Ks in addition to allocating a decent amount into a brokerage account. So, it is for the reason of diversity of investments I come to consider silver stacking. Plans always change but I have my first order of silver rounds headed my way and as of now I'm thinking about purchasing 10oz per month. I have set my first goal at 100oz by the end of December. I really appreciate your channel SD.
Got 200 oz right now, gonna keep stacking
This is insane! I literally just started stacking silver, started off by ordering eight 5 oz bars of the exact same 10 oz bar you have because the price per ounce above spot price was cheaper when I bought two 5 oz bars as opposed to 110 oz bar, and then yesterday I went out and purchased 20 1 oz 2023 buffalo silver rounds! I literally just got my 8 5 oz silver bars with the American flag stand final today by UPS! Furthermore, I plan on investing in another 40 oz in the next couple of weeks. It's almost like there is something in our DNA that gravitates us towards precious metals when we know our Fiat is in trouble. If you look back throughout all Fiat currencies that have gone dead, precious metals were the only bartering chip afterwards.
Got an amazing deal on silver buffalos on SD. Bought two tubes and was blown away by how such a simple design looked far better than some complicated coins with many security features
That's a good goal slow and steady is key!
Just bought 48 buffalo today, and 120 last week. Another 144 to go to finish my goal of 500 1oz rounds. Finished my goals of $500 face in dollars, halves, quarters, and dimes (1x .30 cal ammo can each). Next comes barstock of 1K each in 10 and 100 oz bars.
I have really started stacking this year after I’ve learned how much inflation was going to be a problem my goal is to have at least 100oz of silver and 1 - 2oz of gold I have started a silver Britannia monster box because I love how they look and they have had the lowest premium basically all year and I’m well on track with my goal keep stacking💪💪
Good man! Keep it up.
Thanks for supporting Wounded Warrior.
It's good advice. I don't know that I would spend a lot of time referencing Dave Ramsey, since he's 100% against purchasing any Gold or Silver, but I get the point you were making. I do think 40 ounces is a good initial goal, especially if you're funds are pretty sparse. Increasingly, I think 3 to 6 months worth of living expenses is a minimum everyone should think about having in Silver, in Gold, and also in physical cash. Increasingly, I'm of the mind that people might want to start thinking about having multiple years worth of living expenses, specifically in Silver & Gold. I say this only because the plans that the elites have for our future are becoming a lot more clear, and it's pretty frightening. It's going to take a lot of cooperation with others and a stout heart to stay ahead of what's coming. Keep up the good work!
You're right. The plans to bankrupt middle class America are pure evil. A box of silver and a shotgun make a lot of sense.
I started with a tube of 20 of ASE in 2014,purchased 5-10 very month. Stopped buying ASE when premiums got high 320oz the rest are Silver rounds. Have 4 more empty tubes to fill and I will have 500 oz a monster box 📦 😀 🐌 and steady wins the race 🏁 🤑🤑🤑.
Thank you Silver Dragon for that idea you right about what day Ramsey say he does say $1,000 I never thought about it that way but thank you so much that's what I'm going to do that's what I'm going to do thank you for that big information thank you for that tip
Love the aluminum can story. I think I remember that one.
i have always tried to do a 50 to 1 ratio in a year 50 oz of silver and 1 oz of gold added to my stack i dont always make my goal but its work in progress and iv been stacking for a few years now
Most financial advisors say have 3 to 6 months of routine expenses saved (including mortgage or rent, utilities, car payments, etc.)
The more I’m studying, and reading about the horrors of this recession, the more I’m thinking, an additional 2-3 months in sliver & gold is not a bad plan either. That’s 5-9 months of resources.
I literally just started stacking, and made a rookie mistake in terms of premiums (silver American eagles) but my goal is 2000 oz. over the next four to five years.
Exactly why I collected silver for years money you can’t spend it on a whim , versus money in the bank you can get at with atm card
I got into bullion 6 months before the pandemic 2020 March. I started with 20 oz and spot went up! Sold my stack for $11 more than I paid. I got terminated from my job but was able to pay my rent.
I'd say a monthy goal should be 20 oz for investing. I'm now over 600 oz but I buy and sell all the time for trading. Great video
Another great video, per normal! As a Vet just wanted to throw this out there, Wounded Warriors a few years ago was stealing money from donations. A lot of my buddies informed me that they didn't receive certain items due to Wounded Warriors not having the funds. Later on, there was an investigation and found out that the company was stealing. So please be careful out there. I do thank you though for the thought. I conducted four tours overseas and lost a lot of great buddies.
I know that no organization is perfect but never the less we will still be donating to them as I feel it is a good cause 👍🏽 thank you for your service! 🔥🐉
Leadership changed.
Thats horrible to hear. I was donating to wounded warriors for years, recently stopped when got new card, been meaning to up date and start again. As a vet who would you recommend then?
@@steveib8118 Honestly, I would go around trying to find vets to help out. There are a ton of them out there that struggle daily. I almost went down a dark path, but was saved. Just do your research on others that you might feel is the right place for you.
@@SilverDragons47 No I completely understand. I really thank you!! Just hate to see people being used or anything. Thanks again. Love your videos.
I stacked 135 oz's of silver in the first 4 months of this year and then I got real sick and had to sell 61 oz's but I'm back at 95 oz's so far. Good to have silver in an emergency...
That silver really did come in handy then. Hope you’re fully recovered now.
Anything it takes to save for a rainy day is good
You will save yourself a lot of money and aggravation if you keep a cash emergency fund. I've been in that spot numerous times and it seemed like I always lost money when I sold out of necessity. I keep a cash fund for that now and it's funny how I don't seem to get in those predicaments any more.
You shouldn't buy PMs if you dont have at least 3 months living expenses set aside my man. I hope you are doing well.
@@jacc88888 didnt really come in handy loosing hundreds of dollars in loses when he had to sell.
Started stacking mid July 2022. Have 45 sovereign silver coins as of early October 2022.
Wow! I just made my first silver investment today with four 10oz bars I'm so excited, and two hours later I saw your video! ☺️
40oz is a great starting point. The price to hit this goal is low enough that it shouldn't impact your budget significantly. I love the visceral FEEL of silver rounds, so I try to keep at least a tube or two on hand. I mainly stack in 5-10oz bars depending on how much I can save in a set amount of time. For those new to this I would stick to rounds over bars if your starting at the 1oz levels. Not sure why, but if you do ever have a need to sell, they seem to like the rounds more than the bars for 1oz sizes. It is IMO better to save up to get a larger oz. bar as every size bar you step up the premium per oz. goes down. So if you can be patient, you will end up getting more troy ounces per dollar spent.
I thought you were going to say a couple of 100ozs!
I started collecting/stacking in June and so far have 13oz in coins and 8oz in Royal Mint digital silver (guess this doesn’t count as the government could decide to freeze it). The problem with the coins is that I’ve got quite attached to them so would be reluctant to sell. I don’t like the Silver Britannias so much and they are the cheapest here in the UK so guess I should focus on stacking them now.
Love it. Add 10 1/4 oz Gold Coins and you have a solid stack to start with.
That's a great goal!
I got it in my head that 500 oz of silver was the big goal. I reached 541 and switched to gold. I'm only at 9 oz of gold. 20 oz is my goal on the gold. So 500 oz of silver and 20 oz of gold is my minimum.
Subscribe to roadtoroota channel. Listen for a few days. You may change your mind on owning so much gold over silver. He has done a ton of research.
Platinum
Yeah, that stuff is heavy.
@@damoney2009ify I have been thinking about platinum coins. Not as high as gold but alot more then silver.
@@johninphx9360 platinum is more undervalued than silver just a thought tho but can't go wrong with gold.
One. One oz. because that’s your first step. And once you take that first set on the stacking journey, you just keep going.
Just started this week I got five 1 troy ounce silver coins 3 maple leaf and 2 mexican libertad..
Greetings from the Netherlands.😊
Just started stacking properly last week. I'm expanding on all the gold sovereigns my grandad bought for me when I was young. Currently only focusing on silver.
I like to think that an ounce of silver can equate to 1 hour of skilled labor. Most trades, plumbing, electrical, masonry, seem to offer around $20-$30 per hour. About the same as silver has fluctuated in recent years.
The 40 oz goal is a great start as this can also be a payment for a skilled workers labor for an entire week.
Throughout history, the value of a day's labor has been the amount of silver in a silver dime. Who knows, silver might actually be that valuable again.
I AM A LICENSED UNION MASTER PLUMBER. I DO STATE AND FEDERAL RATE JOBS WITH MEGA OVERTIME. 65-72 HOURS WEEKLY. NOT BRAGGING MY HOURLY WAGE IS 148.00 DOLLARS AN HOUR. WITH FANTASTIC BENEFITS.