How can you save your money so that it keeps up with inflation? Is savings your money in physical gold the answer? How can savers be rewarded when banks pay so little interest in the form of interest income? And with today’s record high inflation, how can savers keep their purchasing power, when there is no interest income reward to keep pace?
I am not proposing to leave banks entirely, but I do share a simple plan to keep some of your money outside the banking system in the stable physical asset gold, which has a great track record with keeping up with inflation.
Are you a gold stacker? Do you stack fractional Gold Coins or full ounce gold coins? Do you stack US Mint American Gold Eagles? Other gold bullion?
As a gold stacker (or silver stacker), with today’s prices, are you adding more physical ounces of precious metals now, or are you holding, or are you selling?
———————-
another great video
๐๐๐๐๐๐
Saving for One Ounce Gold vs Buying Fractional Gold Each Month
๐๐๐๐๐๐
โโโโโโโโโโ
Can You Get Your Premiums Back, When Itโs Time to Sell Your Gold?
๐๐๐๐๐๐
โโโโโโโโโโ
Being a stacker is about being independent and about personal responsibility, so it might make sense to not even buy precious metals at this time. Having an emergency cash savings fund is important as well as paying off debt. Only you know your own financial situation.
DISCLAIMER: I am not a financial planner, so this is not financial advice. This is for illustrative and entertainment purposes only. Please conduct your own research prior to investing in gold, silver, or other investments.
Topics discussed in this video include:
Silver Heist, gold, gold stack, gold stacking, gold stacker, gold bullion, 999 fine, 9999 fine, 22k, one ounce gold, American Gold Eagle, AGE, savings, cash, cash savings, gold coin, spot price, premiums, US Mint, gold spot price, diversifying investments, physical gold, all time high gold price, investing in gold, Buying the dip, dollar cost averaging
#goldstacking #goldstack #keepstacking
30 Comments
3 more truck payments and it's mine. Then buy metals.
i put 10+ year's worth of food money in gold and silver. i should have all of that paid off (through PayPal credit) by summer. then, i'll need to save for my next car and for housing, which will probably only be a converted utility trailer until i decide on something else, like a cottage.
Isn't it difficult or impossible to get back from a buyer what you payed for gold or silver ??
Buy my coins of silver east Africa. I'm no collector. I've inherited from great grandfather in africa
The premium on fractional ounces are too high.
If you save for something special just save your fiat money,
Always great content. Thanks !
Great explanations on money. Also the thing about gold it holds up well in depressions as well. I really believe that's why it was confiscated in the great depression
Well. You all ate demonstrating very good sense. Keep on.
It would have been far more economical to just save and buy 1oz bars. You probably lost 15-20% of your total savings to the high premiums of the gold eagles.
Should the US adopt a Central Bank CBDC how would you convert your Gold?
You're paying a lot of money and premium saving a 1/10 oz, might better wait until you got enough to buy a full ounce
Yes, it's nice but what's the exit strategy? You still can't buy/pay with it until it's converted back to cash. Higher it gets fewer can afford it.
Down payment? Buy used!!! Private sale at best!!! Screw a new car or debt!! I don't say that because I'm broke, I say that because no one gets rich with car debts! I would hate to have car payments only to drive to a job I hate, food for thought!!
Hi Silver Heist. Are you keen on saving for car by buying 1/10oz or would you prefer 1/04 oz of Gold? What pros & cons do you see for each option? I am stacking silver now but GTS ratio is lowering so I am looking at purchasing fractional gold. Thanks for comment.
thing is that buying smaller 1/10th oz you are paying high premiums versus say 1oz pieces which negate a lot of the savings/inflation hedging
That is why I want hard assets and I bought a home for the first time. And I can live in my home and not pay off my landlords mortgage anymore but instead my own. Win win
Capital gains tax. Take your gold over seas
Saving for a future purpose of a depreciating asset, gotcha
Brilliant! Imagine paying a house off and not being in debt at all…
I paid off my car 2 years ago and realized I needed to do something with the extra cash ($500 per month), that's when I decided to start stacking. With proper maintenance I should easily get another 5 years out of the car and have a decent stack. Started out with silver then switched to gold the second year. Doing 1/4 oz gold untill I have a full tube, after that I'm eyeing a full Britannia or Maple.
๐๐๐
i think you may find this funny but i am addicted to spending money. Like seriously, I can not save. I spend. Well i knew I had to switch my spending addiction from shoes, to hats, to alcohol, to dinners out nearly everynight, to PRECIOUS METALS…and I did, and now i'm doing better than ever before. Now i spend $30 a day on an ounce of silver. (Ok maybe not everyday…) but if I could manage to do it with alcohol and pizza, I can do it for silver and gold. I'm addicted to saving by spending. Imagine that.
Instead if I canโt get the gold coins or bars, is it compatible to save the gold jewellery as a hedge against inflation?
Any idea about the normal gold jewellery?
How do you feel about buying fractional gold rather than saving for 1 oz coins ? thinking about that you are paying more premium when you buy smaller coins ?
Sorry I feel the value and cost of your half ounce gold coins deserve a $1.00 capsule LOL
OOPS meant to say 1/10 th ounce gold coins in my other comment.
My stacking is devoted toward my retirement. When everyone at work focused on their 401k, I focused on gold and silver. I just don't trust the market, earnings don't mean anything anymore.
Our world has 3 fundamental practices that are problematic.
If we dont understand the root causes of a problem we will address the symptoms or the actors, not the causes.
The 1st is that large private and Central banks have obtained the Exclusive franchise to create ALL new Currency as Debt, with interest attached.
An increasing population needs an increasing currency, but it is all created as a debt bearing interest.
This indebts the whole world, every person, every government, in totally unpayable debts,ย enslaving us all to bankers through personal debt or ever increasing excessive taxation, surcharges, permits, licences, registrations, regulations, fees, rates, duties, fines,ย levies,ย adinfinitum, of which an increasing volume goes straight to the debt creators, who created it for free. (At zero cost to themselves.)
2nd. Virtually no limitation plus fractional banking allows banks to create massive new Currency,ย blowing massive bubbles (housing/stocks) which devalues everyone's savings and work by raising all prices.ย ย
The fix ?
Stop all banks and financial institutions loaning out more than they have on deposit. Return legal currency creation to national treasury departments with a zero Inflation policy.ย
This will not create inflation like some bankers/economists would like to have you think.ย It is not WHO creates currency that drives the constant devaluation of your money & work,ย it is THE VOLUME per population and productivity.
The banks increased the base currency supply by over 45 % since March 2020. This is further multiplied by fractional banking. You can't spend it off planet, and we've had no increase in population or productivity. How can it not devalue our savings, wages and retirement funds by around 50% as it enters the economy ?
3rd. Fiat currency whether paper or digital has no intrinsic value, thus it cannot be used as a long term store of value, particularly in an ever expanding fiat system.
The fix ?
Return to constitutional Silver, Gold, Copper & Nickle currency, designated by weight not cents/dollars. These will find their own local value.ย These can't be printed to oblivion, have intrinsic value, and are a safeguard against selfish human nature.ย Continue to keep the manufacture of Gold & Silver rounds by private mints & foundries to help keep the government mints honest as to premiums.
Correct these 3 Principles and >80 % of a nation's problems would disappear. Do not allow your masters the Debt slave creator's to tell you it can't be done. It is easily done. Beware. The WEF wants you totally enslaved with digital currency.
Otherwise, prepare for destruction.
Seek to understand these 3 practices. Check on if I have stated them accurately for yourself. Then Print this out, and share, Tweet, post.ย ย ย Only we can save ourselvesย !
I'm concerned with the gold price. They say 96% of the purchasing power of the dollar is gone. So a dollar is worth .04 cents. So $1850ร.04=$74 but an American eagle gold coin is stamped $50? Silver is let's says $22x.04=88 cents but an American eagle silver coin is stamped $1……I know silver is a screaming deal but can anyone explain this?……..anyone.
Well done, well done. The more Americans that buy gold and silver, the stronger we become as a nation.