First: Don't use banks. Second: Keep only enough income in your account to pay bills. Third: With draw any extra and keep it in cash. Gold, Silver and other metals are only as valuable if any one will except them. Food for thought.
@hectvega3876 fing out in your state, county or city. Will they accept color for tax payment. ( gold or silver). If my description of the above offends any one WELL WAAA WAAA. Silver can be made into eating utensils. Color ah what can you do with it? Color has one redeeming value. You can pound it flat and use it for paper to right on. It will never tarnishe. Copper wire different gages. Brass or copper pipe. Copper flats 18 0r 20 gage. Tin lead brass. These wo
If you buy from widely known online dealers like SD Bullion can you trust what you're getting or must you have everything tested ? I have purchased gold 1oz assay bars only from known online dealers and have wondered slightly about them. I have stuck with mostly Canadian mint assay bars , I feel they are trusted.
Gene, excellent question. I will give you my reasons (in no particular order). 1. Warren Buffett owns 129 million ounces of silver and no gold. 2. The gold/silver ratio is around 85-90:1 and that favors silver. 3. I want a size that lends itself to bartering for food and fuel if we get to that point. That is a huge factor for me. 4. I view silver (and gold also fits in this category) as an insurance policy and not an investment. I truly don't care if if goes up or down this month or this year. I hope I never need it, but if I do, I won't care what it's value is that day. The negatives are that larger quantities of silver are more challenging to store - vs. gold. You can google pros and cons of silver vs. gold. Lots of info out there.
I don't know. Probably a very secure private vault/bunker that is hidden from everyone. When money is no object, it would be no problem to create amazing security. I just remembered two more reasons that favor silver. 1. Silver conducts electricity and can be used in all sorts of industrial applications. 2. Silver has never been confiscated, but gold has been.
I would buy from my son, Preston. If you want his contact information, give me a call at 406-871-3321. You can also contact a precious metals dealer in your area. I gave you some information so you can compare prices and markup. Either way, you are dealing with brick and mortar businesses and not an online company. Some are probably OK, but I have heard some sad stories of people being taken advantage of or losing their money. Just be careful who you do business with. Check their Google ratings and reviews.
Ben, great stuff as always. What are your thoughts on saving silver bars in a variety of sizes? I.e. 5oz, 10oz, kilos. Or do you prefer rounds only? Thank you for the information.
Good question. Nothing wrong with silver bars. My preference though is for 1 oz. size. I guess 5 oz. would be OK. I just want something I can use to buy food and fuel if the SHTF. Larger sizes seem a little unwieldy if I am at the farmers market or gas station.
Generally speaking, credit unions tend to have less risk and less baggage than banks. However, there are large differences from one to another. Feel free to reach out to me if you want me to get you some financial information on your credit union.
It depends on the credit Union. But many are well run and are community minded. Worth considering- if the ones you are considering are well managed and well rated.
@@Reppondinvestments Thanks for the info! I tried to look up my personal credit union, but NCUA uses the CAMEL rating system….which isn’t public information unfortunately.
Thank you. They have both learned how to milk the public - especially Dave Ramsey. He knows how to use that good 'ole boy Southern accent with some Bible verses to con people to give him their names so he can sell the names to unsuspecting and unsophisticated investors.
Hal, both may be correct. You are referencing one rating service and I am referencing another. The one I am using is probably more cautious in it's ratings.
Thank you for your videos I have been watching as many of them as I can
First: Don't use banks.
Second: Keep only enough income in your account to pay bills.
Third: With draw any extra and keep it in cash.
Gold, Silver and other metals are only as valuable if any one will except them. Food for thought.
@hectvega3876 fing out in your state, county or city. Will they accept color for tax payment. ( gold or silver). If my description of the above offends any one WELL WAAA WAAA. Silver can be made into eating utensils. Color ah what can you do with it? Color has one redeeming value. You can pound it flat and use it for paper to right on. It will never tarnishe. Copper wire different gages. Brass or copper pipe. Copper flats 18 0r 20 gage. Tin lead brass. These wo
Thanks again Ben - very informative 😊
If you buy from widely known online dealers like SD Bullion can you trust what you're getting or must you have everything tested ?
I have purchased gold 1oz assay bars only from known online dealers and have wondered slightly about them. I have stuck with mostly Canadian mint assay bars , I feel they are trusted.
My preference is to work with reputable brick and mortar retailers. Google ratings help verify their reputation.
Ben, outside the significant difference in price between gold and silver, any specific reason for silver? Thanks and appreciate the show.
Gene, excellent question. I will give you my reasons (in no particular order).
1. Warren Buffett owns 129 million ounces of silver and no gold.
2. The gold/silver ratio is around 85-90:1 and that favors silver.
3. I want a size that lends itself to bartering for food and fuel if we get to that point. That is a huge factor for me.
4. I view silver (and gold also fits in this category) as an insurance policy and not an investment. I truly don't care if if goes up or down this month or this year. I hope I never need it, but if I do, I won't care what it's value is that day.
The negatives are that larger quantities of silver are more challenging to store - vs. gold.
You can google pros and cons of silver vs. gold. Lots of info out there.
@@Reppondinvestments All good and valid points. Where does on store 129 million ounces!! Thank for taking the time, Ben.
I don't know. Probably a very secure private vault/bunker that is hidden from everyone. When money is no object, it would be no problem to create amazing security.
I just remembered two more reasons that favor silver. 1. Silver conducts electricity and can be used in all sorts of industrial applications.
2. Silver has never been confiscated, but gold has been.
Thank you Ben. I enjoyed this informative and interesting episode.
Thank you.
Best place to buy silver ?
I would buy from my son, Preston. If you want his contact information, give me a call at 406-871-3321. You can also contact a precious metals dealer in your area. I gave you some information so you can compare prices and markup. Either way, you are dealing with brick and mortar businesses and not an online company. Some are probably OK, but I have heard some sad stories of people being taken advantage of or losing their money. Just be careful who you do business with. Check their Google ratings and reviews.
Mr Reppond, Which rating service do you use?
Weiss
Ben, great stuff as always. What are your thoughts on saving silver bars in a variety of sizes? I.e. 5oz, 10oz, kilos. Or do you prefer rounds only? Thank you for the information.
Good question. Nothing wrong with silver bars. My preference though is for 1 oz. size. I guess 5 oz. would be OK. I just want something I can use to buy food and fuel if the SHTF. Larger sizes seem a little unwieldy if I am at the farmers market or gas station.
Fear is important for survival. Uncontrolled fear is deadly.
Thank you.
how safe are credit unions?
Generally speaking, credit unions tend to have less risk and less baggage than banks. However, there are large differences from one to another. Feel free to reach out to me if you want me to get you some financial information on your credit union.
Which credit union are not at risk?
Are credit unions riskier than banks?
It depends on the credit Union. But many are well run and are community minded. Worth considering- if the ones you are considering are well managed and well rated.
@@Reppondinvestments Thanks for the info! I tried to look up my personal credit union, but NCUA uses the CAMEL rating system….which isn’t public information unfortunately.
Great video! You cracked me up about Dave Ramsey and Jim Cramer because it's so true!!
Thank you. They have both learned how to milk the public - especially Dave Ramsey. He knows how to use that good 'ole boy Southern accent with some Bible verses to con people to give him their names so he can sell the names to unsuspecting and unsophisticated investors.
@@Reppondinvestments 🤣🤣
Merci beaucoup Monsieur Reppond. Great informations based on your son knowledge.
Thank you
Thank you for your videos. Very informative
Thank you
The reserve requirement for banks now since the pandemic is now 0%
Thanks for the information.
Once again, always informative.
Thank you, Keith.
Great information much appreciated
Thank you Michael.
Ben, I heard that SVB had a AAA rating up until they imploded. You sure it was a B?
Hal, both may be correct. You are referencing one rating service and I am referencing another. The one I am using is probably more cautious in it's ratings.
1 cent on the dollar, and the stock price went down, to say the least, that's character building, resilience or?
True.
how do we call you?
You may call me at 406-871-3321.
10 to 1 ?? I have the understanding that in 2021 this was changed to 10 to 0. Please check.
Correct. I was able to find that. Thank you.
@@Reppondinvestments Scary