How Much Gold for YOUR End of the World Fund?
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- Опубликовано: 15 янв 2024
- How much gold should you have in a disaster? Sounds like a goofy question, but it's a common one. We're going to look at it from a few different angles.
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Thank you!
People losing their ammo and gold and silver in boating accidents is becoming epidemic! LOL
Tragic!
Just happened to me too
Was a tragic naked parasailing incident for me. And as luck would have it, directly over the Mariana Trench! Woe is me.
Next to the Edmond Fitzgerald? @scottsehm1661
they can recover gold from river but sadly i dropped mine into mariannas trench😅😂
Dont forget some cash in house too, Katrina 2006, No banks and no cash, and no cards taken no electric , A shit show I learned through my family x
Yep
If people didn't learn to prep after Katrina and the plandemic, they never will. 90% never will.
5-10% in normal times. 15-20% in crazy times. as much as you can in now times.
Exactly. I couldn't agree more. Currently, I have spent the last two years simply hedging. Hedging everything. No debt. Cash on hand. Prepped of course, and all that implies. And retreated to a much safer and affordable living scenario (instead of buying a house to retire in for $500K, I bought a sweet trailer in the country for $30K, and hedged all that $$$). I am in a position to ride out a 6 or 7 year depression. I might be a nutjob, because most aren't doing this. But I'm a nutjob who is close to invulnerable to a collapse. AND I feel I live like a king out here, though many would miss all the perks they find living more lavishly. Cheers.
It's all going to heavily depend on the specific scenario.
Market crash means you'll want enough to either barter or convert back to dollars to pay the bills.
Natural disaster types you're probably better off carrying cash.
Once you get into the real disaster types, like where the USD isn't recognized anymore, you'll have the best case for gold and silver as barter currency. At that point, however, you should have a bigger focus on securing necessities like food, water, fuel, shelter, means of protection etc and in a prolonged scenario, knowledge will be your biggest asset. Making water safe to drink, treating wounds, repairing gear, farming and animal raising etc.
I personally live in a urban city and my biggest fear is mass civil unrest more than anything so I keep a backpack in my safe with a few things
2 sets of clothes
10,000 in usd
2oz of gold in 1/4 oz American eagles for ease of trade
And a Glock 17, with 4 magazines
And this is all in Minecraft
Also add copies of your documents for Minecraft.
@6:40 omg lol savage. '...doesn't mean you're a nut, I mean maybe you are; you get to decide for yourself'
Love your channel thank you for sharing
😅
I got my ideal after 9-11, with my staff were unable to receive their weekly check from the corporate headquarters, which was in California. I was able to front 50% of their check in cash. But that was a nightmare, cause the staff was over 100 employees.
I have since the 80' had a rainy day fund for 'now' emergency, and a 'slush-fund' for major purchases.
But now that I'm retired I like having access to $10,000 at all times for 'just' for die hard emergency.
So 4-gold coins and 50-silver rounds(which altogether weights about 3.5lbs) as a 'emergency fund' for a quick-n-grab and go.
Equal about $10000..
I wonder how financial planners would respond to a customer who said they only wanted a life insurance policy for 5-10% of their entire well being or health? I bet they would say that's not enough to keep you and your family afloat in the impending news of your demise.
Would those be the very same financial planners who despise cash and gold in a portfolio, unless it is a piddling amount? Consider that gold and silver are likely to go up by at
least several times, if not more, due to the fact that there will be a lot of people bidding on gold and silver, driving up the prices. What is 10% of one's net worth today could end
up being 200% of their net worth during a SHTF scenario. But since no one knows or can know the future, we all just have to do what we think is right for us and our situation.
Loved you slipping in that Ghostbusters quote!! Classic stuff. Always appreciate your thoughtful, reasoned logic.
😄
Coincidentally, my "End of the World Stack" is the same as my "Start Over Stack" is the same as my "Emergency Savings Stack."
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I like that
I don't specifically hold gold for that reason since I don't really expect a SHTF disaster like many here in the precious metals space on RUclips do. That said I do have a decent amount in my precious metals savings account that could be used for that purpose. I also have stocks of food and other things in case bad things do transpire. I think that hedging my bets is always wise
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I personally think there will be a "cyber attack" where the government cuts the internet and crashes everything to give them the premise of a new digital currency as the solution.
Great video! My stack is a last resort If all hell breaks loose and savings dry up. Its a great thing to have if you need to start over or get an extra push.
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Less than 6k subs away from that 100k subs fam!! Let’s keep it up, I’ve enjoyed this channel since its humble beginnings in 2020.. I started saving for gold over silver because of you muchacho. Steady horse wins the race, unless the horse pulls a muscle but that’s besides the point.
I think it depends on the emergency. I think the most important thing one can do is make themselves valuable in more ways than one. If you have a skill set most common people don’t possess, it’s one step of preparation most people don’t acquire.
Great topic. It would be interesting to revisit this topic frequently. thanks for posting
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Just bought my first 1 oz gold Buffalo I’m exited
Nice!
@@2is1gold I should have waited 1 day price has dropped a lot I got mine for 2030 now gold is about to go under 2k
Revisited this vid, I like this topic. Your content is timeless.
Thank you!
You don't need gold and silver during a disaster , I lived thru a disaster and did not need my gold , it was for after. History shows us what coming and it does not fit in a disaster category. If you have a tornado that wipe's your small town out, that's a disaster and you can tell people you have insurance and gold or silver. SHTF or end of world you better keep your mouth shut, do some bartering till you can figure things out. Anyone who does not have some gold and silver will be behind the 8 ball from the start. Have a good day everyone its going to be all right, nothing is probably going to happen. Listen to 2 to 1 he will get you thinking.
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6:45 "You get to decide for yourself if you are a nut" 😆 🤣 😂
😂
Loved the Ghost Busters references. lol
As to gold, I own gold because: 1) it's an inflation hedge; 2) it's financial insurance to cover stock market losses; 3) it supplements my income in retirement; 4) it guarantees that I have
money available to pay my property taxes; 5) it's a savings account; and 6) it's a fun hobby. I'm not sure that I buy into the EOTWAWKI scenarios but also cannot say that these won't ever
happen. I am reminded of the prepper comment about, "It's better to have and not need than to need and not have." I stack for my children and grandchildren. The world has become a
crazy place these days and it's very difficult for young folks to buy a home and save for retirement. I have about 20% of my net worth in gold and silver, which some would see as quite a
lot, while others would say, "That's good but what about the other 80% of your wealth that is not insured?". To them I say, that if the world goes to 💩, the value of PMs will become
MUCH greater, so 20% of my net worth would be worth several if not tens of millions today and that should be plenty. I am not saying that this is a perfect plan or that it can't possibly
fail. There are too many variables in the future to ever pin it down precisely. But it looks like a pretty good attempt at doing the very best financial planning that I can.
Makes pretty good sense to me. Cheers!
EOTW. I’m old enough that it wouldn’t substantially affect my life expectancy anyway. It’s not like “bugging out” or “survivalism” make any kind of sense for me personally. That said, I could probably share gold (+food, guns, ammo, books, etc.) with the neighbors, and make all our lives more pleasant, and maybe even improve the odds for the young families around here. And that’s self interest, not altruism.
The idea of bugging out seems a lot sexier to some people than it would ever be. 😄
@@2is1gold- Considering that I live in one of those areas some people want to bug out TO, I guarantee they won’t have a good time of it. OTOH, were they to move here now, they’d be welcome.
Enlightened self-interest beats altruism just about every time, IMO. 👍
I so enjoy and learn from your channel, thank you for your efforts! I have a long term hold plan, which will double as a disaster fund. All my eggs are in this basket, have been building for 10 years, not one regret. Again, enjoy your videos, thank you!
Cheers!
My last two bonuses went mostly into PM's. My next one will go completely into PM's. Unfortunately my '66 Nova project will have to wait until I see how things go this year.
🏎️
A restored Nova could also be a good store of value, not to mention a lot of fun in the present ! 😊
@@linneisenhower2571 I agree completely. I will continue to collect parts for now, but I feel more comfortable having the liquidity of PM on hand for the near future.
I just like to buy gold bc it keeps me from spending as much on non necessities. I will probly just leave it to my kids
Makes sense.
Exactly. It is painful to have to sell, not only in theory, but when you take the obligatory haircut on premium loss (and for silver it is a beheading). It is forced savings.
@@salvatorelivreri Premium loss becomes a lot less painful when you have metals that have doubled
or tripled in fiat value. That kind of increase makes up for the friction of premium losses.
Thank you for sharing. Much appreciated. I had never thought of buying metals. i am inspired.
Have been watching for a few weeks but have not pulled the trigger on purchasing any yet. Have zero of it. Learned about this channel from several silver stackers that recently started on their gold stack. Have established a goal for the year and hope to start purchasing by March. I'm both anxious and nervous. Much, much more so than purchasing a couple silver rounds or a 5 ounce silver bar a couple times a year.
Yeah, it's a different lift. Understand where and how to sell, and the anxiety will go down. Cheers!
Converting money into gold versus SPENDING money on gold….. I love that you drew that distinction. Great video as always. And yes, have a medal stash of gold and silver that serves several purposes… lock in savings and keep me from buying dumb crap I don’t need, retirement savings, something to pass down to kids/grandkids, and probably last on the list, a disaster fund.
Cheers!
The question is...How much can you afford to lose if you woke up tomorrow and your fiat was worthless? Or better yet and even more likely...if you woke up tomorrow and NOBODY was willing to trade their pm's for your fiat?
It’s more likely that you wake up someday and the price of gold goes through the roof and you try to cash out and no one will buy your gold. Then you are stuck with gold and no cash, which is what the form of exchange is. Ever try going to chain store and buy something using silver or gold?
@MC-.- Just take a quick look at Venezuela or Zimbabwe or Germany.
Nobody is forcing you to own real money.
@@MC-.- I've paid my electrician in silver. He prefers it actually.
@@jaybarr3307 the electrician is just another PM nut like us. We are few.
@@thingamujigger1585 I am Venezuelan. I happen to know that know the truth a bout that, yes there are exchanges that used PMs to buy things but it is not widespread. Most people just don’t understand the value nor have PMs. Most people don’t have a meaningful amount of PMs. A rare occurrence at best. Most use cash still. The problem is not the cash, the problem is the inflation.
Great video brother thanks for the info nice stack have a great rest of your week 🥃🥃🥃
Thanks Nate - you too! 🥃
A Mad Max, Red Dawn world I think will never happen, unless an EMP attack occurs. I am more of the opinion that worst case, is something comparable to the Weimar Republic, Venezuela, or Zimbabwe.
Depending on your expenses, I think enough to cover a year is best, including emergencies that may pop up. A economic collapse and hyperinflation doesn't mean there is no money, it's just that your saving will be worthless, but if you have a job, you will need to spend your paycheck very quickly before it loses value.
In this case, having metals, just like a years food supply, doesn't mean you live off of it, but use it to supplement what you bring in, stretching it for possibly several years.
Even today, if you are out of work, and no income at all, then you at least can afford to get thru the year, and if you cut back on all non essentials, you might go much longer. One might say just save cash for todays issues, but people always find a reason to spend their savings on unnecessary purchases, instead of saving it.
Then again, if you save cash, inflation eats away at it, and if overnight hyperinflation happens, your cash might buy a loaf of bread.
Good way to look at it.
Consider that the sun is a huge generator of EMPs via coronal mass ejection events. It doesn't have to be an attack by some foreign country. Either way, a powerful
EMP could knock modern society back into the mid-1850s era, where everything depends on burning wood and coal, steam engines, and lots of hard physical labor.
The 1850s Carrington Event was just such an event. Telegraph offices burst into flames due to induced currents in the telegraph systems overheating the wires and
other metal components of the system. Imagine what that would do to very sensitive micro-processors in today's world and just how much depends on those CPUs
working routinely. Same for the big transformers of most electric utilities. We don't even make these in the US anymore, have to order them, and then wait for 18-24
months before it is built, tested, and delivered. The demand for these transformers would be much greater than the supply, forcing costs much higher than usual.
Love that Book on your desk, as said by the inmate in Shawshank, "Alexander Dumb Ass", makes me laugh every time
Having to give up your gold to cover any expense is a disaster within itself
"The Bank of Spain never uses its gold to pay for anything" - The Professor (Money Heist) 😊
I like your main point in all videos have a GOAL. For me that is 12oz a year to start. Was gonna get into it 5yrs ago been kicking myself in the ass and now I’m playing catch up. Was gonna start with 1/4 a month but like I said now I’m gonna push the gas.
Yes!
Im with you, Kicking my butt , should have would have, One month at a time now
Ditto
@@michaelfinn1803 Just about everyone who stacks says this and it's generally true for most of us. I did not start stacking until I was 61 years old in 2010
but I don't regret not starting sooner because I was making good money in the stock market. I'm 74 now and have a substantial stack of gold and silver. I
don't stack silver anymore but continue to buy gold every quarter or so. I hope to complete my gold stack in late 2024 out to mid-2025. We'll see how it goes.
Thank you for your advice and story. This helps me @@edb3877
I'm from Florida and we are paying a huge rent in this part of the country, a 3 bedroom apartment is costing around $3,500 monthly, if you think about paying rent, buying food and paying you car, you need at least $6k to $8k monthly. That's my reality so I would need at least 3 to 4 oz of gold to keep me and my family going monthly. that's insane!!!
Great commentary sir! 🥇
Thanks!
So if you think about your monthly costs and how many months you want to cover by using gold that could be a starting point but the positive thing about paying down debt while you're doing that is that you're increasing your percentage of wealth versus your output cost so it's putting you in a better percentage situation. I'm just using it as wealth preservation cuz I know the dollar over time will be no longer
Great content as usual! Greetings from Romania! 😃
I'm in my late 50s. My spouse passed away 5 yrs ago. I suddenly found myself having to get a full-time job and start thinking about saving for retirement. The only gold I ever had was jewelry, but now that I have all the other things: Roth, 401k, HYSA, whole life policy, I am beginning to consider putting some savings into gold and silver.
i hold gold for saving and saving only and a whole lot more than just 5-10% of my net worth. if it’s survived thousands of years i’m sure the few years we got on this planet we should be ok depending on it
Me too. Much much more than 15% if i may say so 😊
Your suggestion is rather low, but perhaps for a short term SHFT situation… that may suffice. However for wealth preservation, it will have to be in the hundreds if not thousands depending on your net-worth.
My problem is how would I sell it In a SHTF situation? I don’t have an LCS within 75 miles of where I live in Timbuktu. Have a decent amount in my possession and also have a decent amount in my IRA portfolio (I’m retired). Barter? Sell to big boys? Kind of a conundrum. Especially since I’ve only been at this for less than two years. Ugh.
I probably shouldn’t say here but I’m all in. Here in Australia we have something similar to your IRA or 401K and I put it all in physical metals about 5 years ago and still contribute. The difference is here we can’t touch it till legal retirement age. It’s for retirement/end of the world 😂 but I personally did it because I felt better about having real savings vs numbers in computer. I also have personal Gold savings I can touch which is close to a years worth I can liquidate if I have to.
Considering just how stupidly most governments have handled their finances, it is hard for a lot of us to believe in those programs. If something can be
botched up, someone in government WILL find the way. I've had IRAs and a 401k in my time but their time could be coming to a close as governments
look at the $28T or so that is in those accounts. They have to be wondering just how to get their hands on that money so they can squander it. I suspect
that some sort of a contrived "national emergency" will be the basics of it. The CBDC scam also will be part of this financial disaster. It would be just
so much more effective to declare bankruptcy, repudiate the national debt, cut spending to what's affordable, and move on with life. But that's just too
simple for them to even consider. No, they will want this to be complex beyond all understanding, so no one will question it or the need for it. 😕
So while I don't disagree with you,@@edb3877 , in Australia, unlike the USA, it is compulsory to contribute a percentage of your salary to Superannuation (9.5%) (your version of 401K) and it's paid by your employer before you even see it. This usually just goes into a "fund" and sits there and rots or gets fees taken out of it, and when you hit 65 years old you can take it out...but not before... What you are able to do with a fair degree of resistance is what is called a SMSF or "self managed super fund" where you can take control of where the money is invested... So... rather than leave numbers in an account that likely will get confiscated by the grubberment or taxed to oblivion, I decided to cash it in and buy precious metals... my view was that if they are going to take it, its easier for them to take it from a super fund than it is to hunt down my gold vault... If they do, then it will be the same result as if i'd left it in my super fund, but I feel a little bit safer knowing it's a physical metal I can go and touch.
They're going to fake a cyber attack and cut the internet to avoid paying that debt. Then introduce new digital currency as solution
My arbitrary number is 50oz. It started smaller and I got the bug. Call me cheap but I try to only buy on the dips instead of monthly like I used to. I have a little over half a dozen left to acquire. I will likely begin purchasing an assortment of nice pre-33 coins and call it quits. We'll see or maybe pick up an MP5.
🤜🤛
Like an H&K mp5??
Works for me! We will all have different wants and needs! What is right for me may not be right for the next person. It is all right to have fun with gold too! Gold and guns amongst other necessities!
Great Video ! What is the longest time (a week, a month ?) that the banks will be CLOSED for ? If the banks are closed will the coin and/or bullion dealers have the cash to buy your golden hoard ? In the movie how many GOLD Coins did James Bond have hidden in his business Brief Case ? ? ? tjl
Does it matter which year coins you buy? I live in Canada and want to buy 1 ounce Maple coins but don't know if I should buy the cheaper, random year option or the slightly more expensive, 2023 option.
I think the difference is only something like 5 dollars. I've gotten both new and random coins. With random ones they can have little scratches and dings, so personally I prefer spending the little extra on new even for the aesthetics.
I love to stack Precious Metals but I also love to stack books and knives also, is that copy of The Count of Monte Cristo first edition?
There's something to be stated about never tipping one's hand. We can speak in an enigmatic sense or we can speak in a foreign tongue, but nothing speaks to one's position when it comes from a barrel--get off my lawn. 🤠
Disaster preparedness can send one down a rabbit hole quickly for sure and as the saying goes, hope for the best and prepare for the worst. Always enjoy the perspective and noticed you're creeping up on the 100K threshold so a congratulatory nod is in order. Having a dog isn't a bad idea either. Cheers!
Excellent info and great perspective!👍🏼
I'm guessing right around 110 oz...🤔😏
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Always a great video. I can't afford that much gold but eventually after my debt is paid off I might be able to get a 1oz coin
Thank you, 2is1. Coincidentally, I was also thinking in this way. Set aside a disaster recovery fund, which I would use only at the last resort, or for medical expenditures, requiring large sums of money, which may happen in the distant future.
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Ghost Busters fund... yeah, 6+, although I'm not entirely certain if it's savings for a rainy day, zombie apocalypse, financial meltdown, my wife wants breast implants fund, or any of the other hedge reasons.
One is always an ounce short.
Ain't it the truth?
When asked if I have gold I say yes. When they ask how much? I show them my wedding ring
😄
And I always appreciate you're Time too
I'm 80% in on PMs as regards my "wealth" Because over time it will "keep an accounting" and keep its value. What is the probability of this not happening over the next 20 years before I die? 10%? I can flip it into anything I want whenever I want.
I can fall back on my fishing skills and keep putting 8oz away per year till the end days. :)
So I have about 200oz of silver and 2oz of gold for my disaster fund. As it turns out, it was tested on January 5th. So what did I face. Right now, it's still going on. My brother got arrested. I had to bail him. Cost me 2500$ all amounts are in Canadian. Come forward from the 5th, he needed a lawyer 5000$. Today, he tried to leave this world. So an ambulance, doctor fees, yes in Canada, there can be fees. Right now, it's about $ 1400, so I'm at 8900$ also fuel for my car food on the road and other costs about 300$ as of right now, 9200$ Canadian. 200 in gold 6800$ 2 of gold 5200$ total $ 12000 in Canadian value. So I have $ 2800 left. Or about an ounce of gold. So it covered me to help my brother. Long story short there, he is mentally ill and needs a safety net. So I threw it out and caught him. He is still in the hospital and in a medically induced coma until tomorrow. My savings allowed me to do what I did. Now, I had cash as well and covered it that way. Why did I explain it in metal terms. Just to show that my mini hoard could have done it. I would have been okay. Now I know I can manage a medium emergency. Also, this is what a buried and can get at within 30 minutes. Also 12000$ is 5 months of all my needed expenses. It's not 5 of all my income for 5 months, but it would keep the lights on bills paid, and I would be comfortable. If I stretched that, I could make it 6 months and 2 weeks. I started small with a tube of rounds 14 years ago. It can be done. Just stick to the plan you make a day at a time.
Diversification is the name of the game. Right now I am buying fractional gold. Since I live in France it is 19th century Napoleons and Roosters. 20 franc coins with 5.806 g gold. In SHTF situations enough for a month's worth of food for two people. Another iron in the fire is my huge garden with beans and grain in addition to fruits and vegetables. Third iron is I give a lot of food away so we have network connections. We are retired and don't have to go out for work. Also we can bicycle to the stores and markets. We can actually live quite well on our social security because France is cheap compared to the US. The upshot is to think in a diversification paradigm. My new book is Paradigms for Adaptation in case anyone is interested. On all Amazon platforms.
How much gold to leave country to start over??
Love my gold but love my lead and lead using appliances more. 5oz is a minimum I believe to preserve wealth in a SHTF scenario
💯 not much just started in February my goal is a 1,/4 a mo. .
With my side job money . If I'm feeling extra cause the work was plentiful i will try and aquire a half oz. A mo.
I picked up on thos from listening to your contest.
💯 to you and the show .
Disaster, I would want 100 ounces of gold.
Indeed so. That's a VERY round number, IMO. 😀
Bug out bag, a AK-47 underfolder with 8 mags & a case of rounds … Glock 45 … Too much silver to run with … A Crown Royal bag with plenty of gold in it … Ready to haul ass if need be …?🌎🗿™️
Thanks!
No… thank YOU! 🥃
Alternative to gold is btc, in terms of quick conversion to liquidity. Percentage of people who use/are aware of the value of btc compared to gold? Must be 100:1 minimum.
For a disaster situation I think the preppers are much more prepared haha have enough dry food and water on hand, some medicine and supplies. Toilet paper, blankets and a power generator would go along way im not sure how valuable gold would be in such a dire circumstance.
Dogs & cats living together. 👍💥
😄
If there is a disaster on such a level, who's going to buy your gold, you can't eat it or do much else with it...?
The answer is always one more oz
I think I have become addicted to your content. I found myself checking your channel for fresh content the past two days
3 oz is a good number! But I wouldn’t put a cap on “how much,” I.e., as much as one can afford to obtain!
When prepping for the end of the world, good luck to all, but we’re probably storing up all the wrong things. One prepper in a thousand will have the thing that works, by sheer dumb luck.
Wolverines!
✊
I love this topic 😊,for me at least 300oz,the best to migrate to another country n for natural disasters,nowadays gold is compulsory at least 50oz 😊
I have 1,495 ozs. of (physical) Silver (mostly 90% US coins) and 30 ozs. of Gold 1 oz. Maples and Krugerrands. I've only left $1,000 in each of my 6 bank accounts, I've "stashed"
a good amount of cash, and the rest of my cash is in 4 week US T-Bills, as that's the safest place to "park" cash and it gets 5.28% interest. I'm trying to decide what I'm going to
do with the $4,000 of extra cash I have each month, as I think I have enough Gold/Silver. I do keep a checking account with 3-4 months of living expenses.
@@user-yg9jk9ty3k 1. My name and email are false 2. I use a VPN
Whatever you happen to have at the time of the disaster will be your disaster fund.
"How Much Gold for YOUR End of the World Fund?"
Zero! instead have farmland with good soil, plenty of rainfall, & a long growing season. have the means to be self-reliant. Because Gold & silver won't magically make empty food stores full.
In your videos you have made a point that I think, is just starting gain some ground. Modern Monetary Policy can be said to be a collectivist oriented economic control. It takes control of the economy away from the individual and gives it to a minority. I’ve been thinking a lot lately, about the ramifications of this economic control. Gold, and any form of valuables really, in the hands of the individual, allows some control over the individuals standing and life. Perhaps that’s why many forms of privatization and private property are under assault. (And they ARE under assault) The great argument over the ownership of crypto is that it is beyond, or at least, more difficult to control. In this increasingly centralized mirage of a utopia, gold makes sense.
I hold noble species with the intent of passing it on to family
If your planning for End all. If you can plan out for the next year work really hard to get x amount of gold. Do you really think the time you spend working for x amount of gold is going to outweigh, learning skills and applying them. 500 oz of gold great, but you can’t cut a tree down with out having a heart attack. I really don’t think gold should have anything to do with end of the world situations because there are far better things out there too pour my money into to prepare me for the end times, not just buy some stuff for the first year or more during end times.
There is no upper limit 🎉
I have cash, savings, portfolio, assets, and gold. My thought of how much gold I want is based on how many coins I want to have. 20 one oz. sounds good. Well I have 20, now i want 50 one oz. At this point, buying gold is just buying for the heck of it. I guess I’m in a different position?
I also have cash, savings, port tatoes and gold too😂😂😂
Stacking does tend to change those of us who are doing it. Once the PM bug bites us, there is no cure, only a regular treatment of buying a few ozs. from time to time. 😉
The cheapest I’m finding gold at 500 would be 560 for a 1/4 oz coin. And would try to reach 3oz per year. (In 1/4oz increments)
Red Dawn? That means its not what you have, it's what you can keep. And what you can carry. 4 or 5 tubes oughtta do it. There are more useful things to have. Normal world? Half your assets in real estate, a quarter in cash, and a quarter in gold seems about right. And no debt. That would be my goal, anyway
Cheers
If it’s the end of the world I’d rather convert the gold to supplies, food, water, ammo, guns, and energy! From a purely Monetary survival standpoint my metals savings have us at 3-4yrs covering all expenses. Hope to make it 5 by this year or next!
I have more metal than i have cash in my savings account, let's put it that way. Its important to have cash savings, but i cap it very low because even high interest savings account barely beat inflation, and they dedinietely dont beat the gainz on gold and index funds. Remember, money just sitting in your bank in a non HISA is depreciating in value every year due to inflation. Cap your cash low and keep everything above that cap invested.
hi! what is your view on gold ETF?
A gold ETF is not physical gold in your possession. It is merely a bet on the price of gold. It can
be a useful trading vehicle but it is not as good as owning physical gold in your possession.
Thought that was a doobie on the right for a sec.
My opinion? Silver, not gold, is the disaster fund. I base this on the assumption that the disaster that you are contemplating is of relatively brief duration (i.e. some months to two years). In terms of liquidity, silver will be people’s, “go to.” If we start tapping into our gold, then we are truly in deep, deep trouble.
3 ounces. The answe is always 3 ounces. Also in quarter oz increments because its more flexible
I think people should start with a 1 month cash emergency fund and 1 oz of gold.
That was my goal.
After that I went with 2 months of emergency cash and 2 ounces.
And so on. That was the easiest way for me.
🤜🤛
Not first like every aspect of my life
Ha!
I have more Brass than Gold...
Are you Canadian? Nice Grimsmo
I’m not, but I like their stuff!
Great video 2 is 1, thank you for your time! I try to stack enough metal to help with an emergency life reboot.
Ghostbusters is filled with great quotes
I collect spores, molds and fungus (Egon)
You don’t act like a scientist. You’re more like a gameshow host (Dana)
Ray … pretend for a moment that I don’t know anything about metallurgy, engineering or physics - and just tell me what the hell is going on. (Peter)
You never studied (Ray)
Nice shooting Tex! (Peter)
No job is too big. No fee is too big (Peter)
Do you believe in UFOs, astral projections, mental telepathy, ESP, clairvoyance, spirit photography, telekinetic movement, full trance mediums, the Loch Ness monster and the theory of Atlantis? (Janine)
Uh … if there’s a steady paycheck in it, I’ll believe anything you say. (Winston)
Tell him about the twinkee...
😄
How about that high relief gold dragon…….
It’s going to be great.
If it's actually the end of the world then gold won't be that useful. Mine is just for the subjects of my new post-apocalyptic empire to create idols of me. I think 1930s-Europe type scenarios are more applicable.