How Much Gold Should You Own? At A Minimum
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- Опубликовано: 4 июн 2024
- Every stacker needs to know how much gold they should own art a minimum, even if you are a silver stacker. I discuss the different situations and how that translates into ounces owned. and the purpose for owning gold in the first place.
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This is a channel that has the latest news about precious metals, silver, gold, platinum, palladium and others. There is discussion on the following topics.
How the economy and geopolitical events can affect the prices of gold and silver.
Tips on stacking gold and silver stacking for beginners and seasoned stackers
The fundamentals of sound money and stacking silver and gold
New releases from the US Mint and other world mints like The Perth Mint, The Royal Canadian Mint, The Royal Mint and more.
Any silver news or gold news and news about bullion dealers and precious metals companies
#silver #gold #preciousmetals
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Clarification: 1 oz a week is an example meant for extreme situations in an emergency where more is needed in a wide range of scenarios. The price/value proposition depends on location, cost of living, inflation and liquidity.
I admire your optimism about the risk of a SHTF situation happening. 😅
@@phuckyu3383lol
2 oz. of gold per month of living expenses is what I use.
Too much silver. Need more gold.
SOOO many factors. Yes. Great videos. Thank you for sharing.
I actually just got laid off (1st time I’ve been unemployed since 1996!) & sold a gold bar to tide me over until I get a new job. Very glad I have been stacking strong for several years. Btw, I sold the gold bar for 40% more dollars than I paid for it in 2020.
That's great you had gold. Pray you can find a good job soon
I wish I bought gold 25 years ago when I graduated from high school and gold was under $300 an ounce. But man, I needed every penny to spend on girls and booze back then.
Me too. Saving, in general, is not something taught to young people in general. Nevermind, the value of precious metals.
Do it now and in 25 years u won’t regret again….just do it, no more would, should, could etc…
I think all guys do this, but memories made can be worth as much as the gold!
😂😂😂
@@chengsgroup2518well said
Always 1 more ounce
Holy Gold Batman, I'm still working on my f1rst ounce! 😮
im recently retired id probably buy 1/10 oz every year!
@@banjocricketusaWith a Mexican voice....You can do it!!!!
Or two.
Get curency out of the Banks Buy gold and silver
Also, in a real SHTF situation no one will care what premium you paid or whether or not it's graded. 🤷
🎯💯%
@@modus_operandi2508 Also.. 'Let me 'splain to you about the differences between 40% and 90% junk silver.. ' 😳😑
100% gold is gold and silver is silver in that situation
Whatever you can afford without having to resell any after you buy it
Correct. Only under the most extreme circumstances would I consider selling.
Short answer: as much as you can 👌🏾
I always imagine cashing in some pm’s to pay a big bill for house sewer pipe work, reroof if I ever was to use it at all.Mostly think it as a safety blanket that my family will get.
Me too.
Go for it. That's why you saved it. Just don't use all of your metals.
I'm a spender and find saving very difficult. Silver and gold let's me scratch that spending itch and save at the same time.
I'm going down to the local coin shop to sell my debt notes for gold and silver 😁
This is a great topic that probably should be revisited several times a year, thank you, Sal-bro!
My goal for precious metals stacking was living expenses for at least 3 years, which has been completed. Still buying some pre 1933 US coins in case we have another Roosevelt event.
I am new to gold and silver. I wish I had been introduced to gold and silver in young adulthood. But, hey! I'm starting now and hoping to share the idea of stacking with my children, grandchildren and greatgrandchildren. This was a very helpful video to watch. Thank you.
Rule #1 NEVER...EVER...Talk about your G&S
Rule #2 NEVER ...EVER..talk about your G&S.
Can you guess what #3 is? 🤔
@@bc_usa only fight bare knuckle and make sure g and s is in your corner
So happy for you. Never too late to stack. Thanks for being here.
Unfortunately it is too late for you to stack. You can just enjoy your life and not die rich in gold
I have saved gold since 1999. I have 8-10 years living expenses in gold- higher gold goes the more years I have.
Congratulations and well done
What is your address lol
Being slightly over 60 ,my ideal hedging proportion of Gold to Metal would be 70/30 Silver.
I am now stacking silver mainly as its very cheap compared to gold!
In the event of a currency collapse, Gold will be far less liquid than Silver. ='[.]'=
@@Raycheetah Explain.
Dollar wise, I’m buying at 40/60. Gold/Silver. 🏴☠️
@@phuckyu3383 In a post-currency barter environment, Gold will represent highly-concentrated wealth. Silver will be relatively easy to use to pay for goods and services (once a consensus economy emerges, of course), but Gold in anything but the smallest fractional forms will be a lot harder to use for everyday expenses, particularly if there is not enough Silver available to "make change" with. ='[.]'=
I’m 60 years old. Been a collector for 40 years. I have about 80 percent Silver and 20 percent Gold. I buy fractional gold every month. Never forget about having a good Business relationship with your local LCS . Remember that regular customers always get discounts . When you do sell , you can trust them.
Thats a great way to look at gold and silver. makes me think. Thanks Sal
Big like number 13! FABULOUSLY done and thank you so much for sharing!
Excellent vid Sal.
Mornin' Sal! 🤙☕️ Great video...
I keep enough gold to pay the mortgage for a couple years, and enough silver to purchase a farm incase of emergencies.
Beautiful collection 🤩
Thx Sal. Great video. And killer info. I don't have any Gold yet. But I got a good amount of silver. Maybe by the end of the summer I'll finely get at least 1 ounce. Show line ups are looking very favorable for us this year.. U ROCK Doc. 👍👀🖖👻🤘😎🎸🎶🎵
Love this!! I think it is a great thing to have a years worth of salary tucked away....Most economic downturns right themselves by 13 months. The average time it takes to get another job is 5 months -ish...This means you would not have to touch investments of market verity or retirement thus avoiding capitol gains or penalties on top of misfortune.
I look at my metal as an insurance policy and to get away from the US fiat dollar 💵
Beautiful collection Sal. I really like the Swordfish 🐬 - which you don’t have in your display
thanks Sal!
Thank you Sal
@8:06 Sal well said. Your gold is your reserve that backs your fiat and your word, thus legitimizing your work or doings.
Thank you for that Sal. 👍
Start from the supposition that gold will go to at least $3000 an ounce and silver to $100. Then buy as much as you can.
Why not 300.000 ? You cheap b.eloved
I wanted to have 2 years of gold and silver of expenses and goal has been achieved….still buying lol. I bought silver and platinum
why is that funny. i dont get the joke
Silver Gold is real money but the sheep have no clue
You are spot on wtshtf these rats will be the first to come crawling to you for help
Sheep eat fiat, propaganda and injections.
Thanks Sal...stacking for generational wealth...SLURP on Bro 😎
I consider my stack firstly as a suplimental income when I retire.
However, at this time in my life, I think of it as an insurance policy, a long-term savings plan.
It's more like whole life as opposed to term.
Cheers Sal 🍾🍾
Good video
Thank you
I wish I had a lot more than I do, but I've found silver much easier to acquire. Thankfully the types of silver I bought meant that I could convert some of it to gold over recent years.
I was kinda thinking about doing that myself. Taking all my “ fruity pebbles”/“collectible silver”and trading it for gold. Just keeping the Eagles, Maples, Brits, and Libertad. also keeping my 90%.
Any thoughts or advice?👂
@@noicue8078 My strategy was that if i could get 50% or more profit on a silver piece then I'd convert it to gold. It'll just take away a bit of a headache for my wife to liquidate should something happen to me.
@@CyberCurtainTwitcher OK gotcha. I was thinking maybe lightning up my stack about 80 to 160 ounces. Thank you.
@@noicue8078 Just emailed you.
Close to 3 oz gold if you count my scrap chains/rings. 1.1 in 1/10 oz Britannia's and then scrap including my American Gold Eagle ring size 15.
Luvin' that 2 oz nugget. Got several nuggets as well, but no 2 ouncers. I love the Austrailan coins...😂
Beans, bandaids and bullets. Then gold, silver and copper.
Indeed. You can't eat gold and strong language won't protect your metals either.
The average person cannot sfford that much gold. You should encourage viewers to buy only what they can sfford. Many of us do not see gold as an emergency savings account, but as a means of transferring some wealth when the dollar is toast. In that case, having ANY gold would make you a rich man! Buy those 1/10 th ounces, people, and don't get discouraged!
Hmm.. I think that 1/4 oz would be the lowest I'd go because of the premiums.
I dig gold.
@@DigDougDig so you are a gold digger eh?🤣
ABSOLUTELY...agree with this comment, perfectly sound advice😊😊@@phuckyu3383
I always encourage people to be fiscally responsible. Obviously I'm not telling people to buy that much gold all at once. Lol 😆
Wow Beautiful collection, As always great video ❤❤
I remember when an ignorant Congressional member suggested the mint save money by not minting the circulating yellow coin dollars in gold!
Sal, I'm pretty sure that au bar( in the lower right) is my bar that you borrowed that one time...remember? 😂😂
Great video Sal 👍💖
“If you don’t hold it, you don’t own it.” 😂
😉😘
I recommend you join the 90% stackers crew get your metal while you still can be a 90%😊🎉❤
very nice gold !
I started stacking for SHTF possibilities. I had a 30 year plan in case I lived long enough to avoid it.
But... I considered any amount of fiat i spent on Pms, was gone forever. I wouldn't spend any fiat that I MIGHT ever need again.
I got 5.5 more years to go, and I still have that same mindset.
On my 70th birthday, I'll start paying closer attention to values and such.
Thanks Sal, I think your video today will help a lot of people understand a good plan. I also think having a good stock of food and other supplies on hand is a good idea. I try to have a year's worth of home canning and all essential non-perishable supplies on hand at all times, plus a freezer full. I haven't managed to get up to 20 ounces of gold yet, but I think I have enough for my expenses since I own my home and don't have a mortgage or other payments. I followed my Grandma's advice and have no debts at all, though, maybe if I had used a credit card to buy some gold a few years ago it would have paid off with the increase now, but hindsight is always 20/20 isn't it?
Well done. Good point. Always good to have other preparations especially food. You are well positioned and well prepared
Buy all of it 😊
Hi sal morning #2🎉🎉🎉
@4:16 yes sir gold is used for super transactions thus king level metal thus held in reserve to back countries/banks/Big Businesses (well publicly traded ones should due to stocks being a lending/bank situation and public).
That is why silver is traded amongst businesses. Other classes use incremental silver 1oz or less and bronze/brass or copper pieces in daily transactions.
usa is even proposing to replace the copper with steel.
I've been buying gold since 2010 / 2011. I have been going at my own pace. when buying gold and what I could afford. I have several gold coins. mostly pre 1933 gold. one french gold coin with Napoleon from 1813, some 1 gram bars . two gold coins I wear as rings and 3.4 grams. I hope to make another gold purchase in 4 months.
Love the gold Britannia and dragons.
Quick answer- AS MUCH AS YOU CAN AFFORD!!!!!
A sense of security just in case things get real bad out there...keep stacking
please explain. how much will give you a sense of security. that is what i desperately need to know
My Personal rule of thumb as far as how much Gold is needed is that I always try to maintain a mini stack of One Troy Pound of Gold alongside Ten Troy Pounds of Silver.
4 ounces a month? That seems like a lot. I think most people can survive on 2 ounces a month.
See pinned comment
Today my cost of living every month are 1 oz gold ???
If you believe gold is going to $5000 an ounce, which I do, then you should own at least 20 ounces.
In a SHTF scenario, Gold will gravitate to Gold. You won’t be dealing with the “poors”. You will be dealing with people that know what they are looking at and know what you have. SHTF will not be a time of educating. People will be surprised when they see first hand how small the stacking and knowledge community actually is.
50 : .25 ratio
• Two tubes of Ag per half ounce of Au
• Two monster boxes of Ag to ten ounces of Au
Ones financial insurance should be at least no less than 10% of annual earnings
43% of all retail stores in America are Delinquent on their Rent! Build Back Better……
I purchased two 1/4 oz Canadian gold coins at a pawn shop today for under spot. I think they get lazy and don’t change the price when it goes up, or down. These are the 2014 arctic fox 9999…I am only willing to buy fractional right now.
Im 26 just started stacking i have bought 75 silver 1 oz britanias and 4 gold 1 oz britainia ready for a big market crash and hopefully earn enough on re valuation to buy my family a house mortgage free 🤞
you gotta ask yourself: is hope a good financial strategy
@DrSchor also have other savings they say 10% of your net worth is recommended. Gold won't depreciate and looking at brics and the state of the dollar I'd say its a good bet
Well done. Just keep in mind price fluctuations and hold for the long term.
It all sounds great. who has all the money to buy all that expensive gold daily, weekly or monthly? Better to have 1year of fiat to back up your gold and silver.
Im an overachiever Sal.
40 oz. To Freedom!
Im in hall way..23 oz😢
@@pablohorney that's still really good. 💪
I always stay around 15-20% of my portfolio in metals but that just my preference some do more some do less.
thumbs up
Who do you sell to in a SHTF scenario? Lcs’s could be overwhelmed and lack cash. Not stopping me from stacking the beautiful yellow stuff, but always a question in the back of my mind. Especially since it’s live an hour away from the nearest LCS.
that answer cannot cannot cannot remain in the back of your head. it is an urgent question. you need to get it answered now or there is no point in buying silver
@@DrSchor Really appreciate the reply and your candor of same! I guess I’d better get to work. Thank you. Very much.
Good question that I have pondered for many years.
In a real SHTF, we'll most likely be trading it versus selling it.
I think it's a good idea to stash enough food and water purifying to last your family a couple weeks, and let the precious metal learning curve settle out. There's so many scenarios to imagine, it's easy to get paralysis by analysis. Learn what you can now, and jot down best ideas. Join a numismatic coin club to find kindred sprits. Many gangs are already planning for a collapse. It will get very ugly, very fast at the start of any real SHTF.
In the meantime, tell those that you love that you love them. Eliminate as much debt as you can. Eternal salvation belief will help calm your nerves.
@@silversleuth007 Wow!! Thank you for the excellent reply and advice. I’m blessed enough to be backwoods rural with enough land that it would/could sustain me for a bit. But would be first to admit probably nowhere near being prepped enough. Great ideas and as I said earlier, I’d better get to work. Your last sentence is most impactful and an absolute truth. Thank you and bless you. Very unsettling times we’re living in.
@@michaelrussell5736 ... Nice.
I went from very rural to a bustling tropical island. Had to start almost all my preps over, adjusting for new tangibles, and lack of decades old like-minded friends.
Brought my stacks, though. Lol.
Haven't added to stack in 7.5 years, but soon other goals will be reached...
Debt elimination, hidey hole in jungle completion, etc. Then I will prioritize gold.
I wish you the very best that you wish for yourself.
I think 4 ounces/month is a bit high for bare minimum expenses. That's over $9K at current spot value. I'd say at bare minimum most people need is about $4k/month to not starve and keep the lights on. Yes, I know it depends on where you live and what kind of lifestyle you have. I suppose my bare minimum costs are a bit higher where I live. Between my precious metals and my cash savings, I have enough to cover 1 year, a bit longer if I live on frozen vegetables and I ride my bike a lot.
Will the coin shops actually PAY you the amount that’s appropriate if they don’t have enough to buy gold. They will offer less during a SHTF if they offer anything at all. Wear gold necklaces so that you have it with you always… becomes your emergency “get on the lifeboat” bribe. Otherwise I am a Goldback transactional so I don’t have to find a coin shop.
Sweet !!!🌎🗿™️
Sal, where do you acquire your foreign cash? Do you order online or at some sort of exchange like at the airport? Are you minding exchange rates and thinking about trafing or just buying a little up for the cool factor? 🤑
Or is that a secret you'll never tell? 🤐
I am responding to your comment verbally on a live stream at this very moment!
@SalivateMetal I can't watch the stream at the moment but let me take I guess- you said, "actually I order it at my bank..."
Bought a 1 oz apmex bar in sealed pack off ebay recently.. sigma tester verified it was fake. Luckily seller immediately refunded me he also had no clue...these fakes are scary good
Any coin dealer will buy that 100g bar Sal but your right, noting more liquid than a government coin
Nothing more liquid than the dollar!
The cash in my fat wallet is the most liquid, anytime. 💰🤣
Hold gpld cos it's a beautiful metal, having to sell any is a tragedy, that needs to be rectified asap.
Sal do you think we will ever see $1200/oz again? I don’t think we will.
I agree with you. I don't think we'll see it either.
3 ounces of gold is a good baseline imo
All of it. C'MON SAL, ! 💋😳
Do you trust the stock market in the next 1-2 years?
Im still buying fractional Gold. Can't whip out $25H for an ounce.
Get Right with God!!!!
4 ounces to live off a month?!?! Holy cow! I could easily live off 1 oz. a month! (If someone has rent, then add another ounce and make it two per month.)
[But this is coming from someone who lived in a third world country for a decade and a half and could actually take a full shampoo and shower with just one liter of water! 😂 Use the tiniest amount of water to lather and rinse with the majority of the water utilizing gravity - you get the shampoo out of your hair and the rest of your body rinses with gravity. 😉]
Believe me. I could live well on one ounce of gold per month!
Check out pinned comment
If the banks fail they can’t take it from you if it’s in your possession. If they don’t know you got it you can’t have it taken away from you by anyone in the whole wide world.
As much as you can afford. 10% of your portfolio
That's what I'm doing.
10% of net worth - its gotta be enough that it offsets losing everything else that is dollar denominated.
@@agates9383 I agree but you can’t have all your eggs in the same basket. Bit coin is good. Need some cash. Need something to make cash.
Good information here ! FJB 💕😺😺 Thank you, SAL FJB 💕😺😺
I will trade my gold for silver if I need spending money
Too much silver! Need more gold! I want to see that ratio narrow!
1 troy pound per year, or an ounce per month. Oops then there is inflation and with prices today $2350 is weak per month, esp. considering your thought an oz per week lol. Unless everyone has gold/silver you will be handing out coins and bars with no expectation of change in emergency situations thus silver or other stackables copper, nickel, steel are needed.
I'm at an 8 to 1 ratio, by your standards -4.5 yr cushion on the yellow alone. Do the math.
Why would you cash out your gold for currency that will be worth nothing and is why we are buying gold to begin with?
In emergencies, currency is the most liquid for exchange as long as said currency has not collapsed
I think you should have one ounce for every pound you are
what is your reasoning? should it be actual weight or ideal weight. should i lose excess pounds first? thanks for explaining your method
I believe that owning enough gold to cover 6 months of your expenses is wise.
Do what the banks are doing buying Metals.. specially Gold
🚜
Why aren't there any #Tesla #SpaceX or #Twitter logo one ounce #Gold tokens #China
gold hound!!!!!!!!! yep thats me
Owning land is better then gold
Except when you have to pay taxes on it every year
My Au/Ag protects me from Janet Yellen ,Jerome powel , Joe buden , congress and so on =)