In this video I’m going to tell you what I think are the four biggest gold and silver stacking dangers. I’ll also share with you my personal gold and silver stacking goals for 2024. (Note: Please don’t make your stacking goals and precious metals buy/sell decisions based on some dude on YouTube–and that includes ME!). With investing, money management, and stacking REAL money–gold and silver–people find it hard to hear anything that goes against their investment narrative. It may be ego or fear or overconfidence, but it does correspond to an article I read recently that listed the four biggest dangers or biases when it comes to wealth building–Overconfidence, Regret, Trend Chasing, Attention Deficits. Watch this video to learn how to avoid these stacking biases, and to learn about my exciting 2024 silver and gold stacking goals! Never before has stacking precious metals been as important to do as it is today. Protect yourself from out-of-control governments, evil central banks, and the failing US dollar’s grip as the world’s reserve currency. Make sure you build a stack of silver rounds, silver bars, silver coins, and gold coins as essential barter and wealth preservation!
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#Silver #StackingDangers #Gold
Four of the biggest gold and silver stacking dangers and my 2024 stacking Goals the worst day on Wall Street since the crash of 1987 we’re now down 43% this could be the most serious recession in decades protect your retirement with a gold and silver Ira learn more at sdbullion.com hey everyone thanks for watching Yankee stacking in this video I’m going to tell
You what I think are the four biggest gold and silver stacking dangers and then I’ll share with you my personal stacking goals for 2024 but before I do anything else I got to say this please don’t make your 2024 stacking goals and precious medals Buy sell decisions based on some dude on
YouTube and that includes me Yankee you do what’s best for you in 2024 but I have heard it said that while people may be willing to learn from others in all kinds of areas of their life they don’t like to when it comes to their finances and
Investments with money and I and I do think that includes real money gold and silver it seems that people just tend to dig in their heels they don’t want to hear anything that goes against their narrative or anything that challenges that they could be wrong about their Investments now I’m going to
Point the finger straight back at me I can be as stubborn as the next guy I don’t know if it’s ego or fear or what but I do think it corresponds to an article I read that lists the four biggest dangers when it comes to investing the first one is
Overconfidence almost two out of every three investors rate their investment knowledge as high okay I’ve met some highly intelligent investors in my time they are the minority people the article also says that those ages 18 to 34 were more likely to be confident than those in older age groups like Yankee cuz you
Know I wish I was in my 20s again and knew everything no just kidding but as you grow older you do make more mistakes you go through uh you know Manas and recessions and hopefully you learn and become a wiser investor and when it comes to stacking I see examples that
Are very similar like Yankee silver is the only way to go you you just forget about gold or you can just substitute silver for gold and then I hear the opposite gold is the only way to go I can’t believe you’re stacking silver it’s worthless or uh why aren’t you
Stacking 100% precious metals now yany you’re a fool for thinking can ever barter with silver Bitcoin rules I could go on and on but you get my point of avoid being overconfident learn as much as you can be open to adjusting your stacking strategy I try to be in fact at
The end I’m going to share with you how I have adapted my gold and silver strategy just a bit in 2024 now a second danger is Regret I I literally got an email this past weekend from someone forced to liquidate their stack sell their silver now I get it that’s what
You can do with silver and gold it’s real money and available for emergencies but avoiding regret is a very important stacking goal stacking silver and gold is not the most important thing to do obviously your relationship with God and others is the most important but in the financial realm eliminating your
Revolving debt and reducing your overall debt is Paramount so is building a cash Reserve budgeting your income reducing your expenses living at or beneath your means all of these things are more important than stacking silver and gold in any large amount why to help avoid regret now the third danger is Trend
Chasing also known as fomo the fear of missing out I see see this Less in the world of stacking than I do things like you know crypto or meme stocks and chasing Hot Tips in the stock market that’s obviously what the article was really focused on but I do sometimes see
This trend chasing when it comes to Silver especially the whole uh Reddit fueled silver squeeze movement back in 2021 which I never promoted is a good example yeah it turned a whole new group of people especially young people people onto Silver that’s all a good thing what
Wasn’t good was the get rich quick we going to squeeze those shorts sell everything buy silver Mania Trend chasing rarely works and I’ll tell you most people think that they are contrarian investors or contrarian stackers Buy Low sell High all that kind no no a lot of people chase the spot
Price as it shoots up then suddenly everybody that was you know gambling or speculating elsewhere suddenly start looking at Silver don’t do that you should be happy when the spot price goes down if you’re a longterm stacker that’s a good thing now number four attention deficits I think the writers of the
Article were again talking mostly about uh ignoring your portfolio or giving control over to some Financial Manager and not giving enough attention to your uh investment diversification or your investment mix but I do think there is some truth to this point for us gold and silver stackers rebalancing your
Stacking priorities and targets is important evaluating Trends uh market conditions also important when premiums on my tier one stacking targets got outrageous years ago I refocused on my tier 2 targets so Don’t Take Your Eye Off the Ball when it comes to uh dollar cost averaging your silver
Purchases or taking advantage of a a a swing in spot price due to some overreaction in in the news right be aware of deals from either an online bullion dealer like my favorite SD bullion maker of these Freedom rounds or from your local coin shop dealer running
A a sale however I don’t think this is as much of a problem for me as a prepper stacker as I don’t constantly need to rebalance my stack by selling you know one type of metal for another I buy what I want and I keep what I have that’s the
The beauty of buying the vast majority of my precious metals as insurance insurance guys not as a traditional investment where you you know trying to turn a profit in fiat currency I Don’t Dance for Joy okay when the price of precious metals shoots up but I also don’t cry when the spot price
Plunges I’m attentive to those spot price movements just not a slave to them okay so those are the four dangers I wanted to share with you now I want to share with you my 2024 goals I want to stack two more troy ounces of gold now I went hard on gold
In 2023 I’m only targeting another 2 oz of gold for 2024 not a lot right right now I’m leaning towards these guys right here the uh beautiful gold Maple Leaves I have two of them now the goal is to buy two more as close to spot as possible so anyways we’ll see that’s
Gold I’m after 600 more troy ounces of silver all under a 20% premium all rounds or coins so I want to get in on Silver during every dip before silver follows gold up I’ll tell you one thing I’m determined to finish in 2023 is this right here the silver dime guardhouse
Box or barter box as I like to call it got to finish this up all right so 600 ounces of silver 200 ounces of gold what’s that buy ratio 300 to1 last year my buy ra ratio was 200 to1 with gold hanging tight at around $2,000 I think
The upside on Silver is higher so 300 to1 it is now as for my YouTube channel well I’m going to shoot for another 50,000 Subs by December 31st 2024 that is a stretch goal that’s going to be hard guys I’ll have a massive 150k giveaway live stream soon so I I
Hope you can be there for it now this next one I’m super excited about I have been inundated with subscribers and members asking me for a local coin shop dealer near them so I ran the idea of a local coin shop database by my Yankee Canon and buffalo bullet members and
They loved the idea it’s going to be a crowdsource database and available to all my militia members including the Patriot pistol members I think it’s a need in our community and it’s you know one that I’m honored to try to solve so I’ll talk more about that and uh show
The layout uh on an upcoming ass Yankee live stream next I need to barter with more silver I need to connect with my local community build trust now whether that’s with constitutional silver or my barter bags of silver uh one10 silver ounce bars or or a new item that silver
Dave has worked with me on yeah that’s coming up soon I want to barter more with silver and then video it for you to see and finally I want to feature more guests in studio and on location this is you know more Tim videos uh more Tim live with me
In studio this is more silver Day videos in his showroom continuing mastering medals with commodities expert mukar majud and maybe just maybe going on location to a couple of new worldclass mints in the US much more fun coming in 2024 on my Channel Please Subscribe if you haven’t it’s amazing
How many people watch my videos and haven’t subscribed just click it it’s free and oh thank you also to all my members here’s the successful stack in 2024 and as always I hope your day is a Okay
![Bitcoin Double Top Cycle Theory Explained [AKA Max Pain Scenario]](https://www.bocvip.com/wp-content/uploads/2024/04/1714230373_maxresdefault-770x515.jpg "Bitcoin Double Top Cycle Theory Explained [AKA Max Pain Scenario]")
31 Comments
Where do you get those barter bags? I've been searching for them but haven't found any yet.
As a prep a little gold silver and lead okey dokey. As an investment?
Good info, Yankee. I've started my grandkids stacking silver. They loved the rounds they got for Christmas. Birthday rounds come next.
I was hoping you would do a video on this! 😉
Thanks Yankee my goals for 2024 pay off my one remaining debt save up some cash and get 100 ounces of silver and 5 ounces of gold added to my little stack
Don’t block people who have a difference in opinion. Don’t be like the people who ran twitter before Elon bought it.
I plan on visiting my local coin shop dealer before work this coming Saturday. too see what New Precious Metals he has for sale in his Store. last time I was at my local coin shop. My dealer wanted to buy back the gold rings. I have on my one hand. I told him I couldn't get them off. They are stuck there. 🙂.
7:54 me, too! Stacking just cash for a while, then I'll be back.on the gold hunt. Also making a special effort to keep those premiums rock bottom
Wow, it's going to be an exiting year Yankee. I can't wait for some of things to come into fruition. I'm glad to watch the journey.
A-oK Awesome video and you sound rested and well❤
Wow! You really are doing great things to raise Silver's profile in your area. We should all do the same wherever we are.
Now as I approach retirement I've been gifting Silver Maples to the next generation. My grandfather exposed me by collecting silver coins out of change from the 1960's
Lots of great information for folks, especially for the younger people who watch this video. Eliminate debt, easier said than done, but vitally important. When I got married in 1980 we were both making good money, unfortunately with very bad financial habits. Good credit lead to eight credit cards, most of them maxed out or very near. House payments, car payments. Before we knew it we were barely keeping our heads above water. We had to take a hard look at how and what we were spending. Made some changes, some quite uncomfortable at the time. We started with the credit card with the biggest balance, transfered the balance to a new card with a zero interest rate for X months and made the biggest payment on that while paying the minimum on the other debt. Every time we had the chance to get a new card with a zero, or low interest rate for an introductory period, we took advantage of that. One by one we paid off the credit cards, keeping only one for use, and never charge more than we could pay in full at the end of the month. Then we focused on getting vehicles paid off. We had several cars and trucks over the years and always managed to pay them off early. After my spouse passed away I focused on getting the house paid off. I sat down with the loan officer who suggested I refinance the house as interest rates were lower than when we purchased it, which I did. I'm still wondering if his suggestion was to help me out, or he was afraid that being a new widow I might somehow get delinquent on the payments. Either way it worked out perfectly for me. I was still working, so I put myself on a tight budget and paid two and a half times the monthly payment every month. In nineteen months the house was completely paid for. I say all this for the younger people. Being debt free is a great way to live, you have a lot of latitude and power in your life.
I'm retired now, a fixed income and Bidenomics are squeezing me some. I still stack and collect US type coins. Not as often, or as much as I'd like to, I switch between the two. When spot and premiums are high I focus more on type coins (which I love) and when prices are more stable and premiums are down I add to the stack, sometimes just generic rounds, other times I like sovereign silver. Still haven't added any American Silver Eagles for a long time now. There's so many sovereign silvers out there with beautiful designs, I've been buying those too, also makes nice Christmas gifts, especially for the kids in the family. The last silver I bought was a small lot of foreign silver coins meant for normal business. They date from the mid 1800's to ww2 era. It's fun to look at the designs and appreciate them.Then look them up, determine their actual silver weight and value. At the end of the day, stacking and collecting should be fun.
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Sounds like a solid plan 👌 Yankee.
Cheers 🍾 🍾 and Happy New Year
If you mean your Tier 1 choice you avoided in past few years was Silver Eagles, premiums are way better now. Hard to beat 2018-2019, but prices now are best in years.
Congratulations on your incredible success here on YouTube. Keep up the good work Sir.. God Bless
10 oz bars 50%, anything under $250.
1 oz government sovereign coins 25%, under $3 over spot.
1 oz generic rounds 25%, under $2 over spot.
And copper/lead, .355 and .224 fine.
These are my targets for 2024.
Great 2024 goals. Thx for the content!
Going for $1500 face of 90% silver coins this year…
This year I am trying to get rid of my useless silver rounds which have not really more value than the silver spot price. I will focus on gov minted coins which will have collectors value in the future… and trade in the rounds for gold bullion.
Paper currency has become so worthless, that you can buy gold with it. 😵💫
Fantastic goals!
Sounds like I will follow your lead. I was thinking the same thing about my goals. There are for shops on my area in Nampa Idaho I have purchased from that are reliable. Just let me know and I will send you the addresses of the shops I go to.
I just picked up another 30 ounces of Silver yesterday
Fantastic goals for the crazy year we have coming. Don't want to miss a minute. Thanks Yankee!
Novel idea re LCS database !
I never go out beyond a 90 day emergency fund( living expenses). Whatever it is will be resolved or I’ll be dead by then
Yankee I think Tim’s phone number is disconnected. When I try and call during his business hours it gives me the old landline hang up tone.
Nice goals I’m a little lower with 100 oz of silver and 1/2 oz gold hopefully were able to reach them!!!
Yankee, Nothing to do with the content of the video I live in Jersey I know SD bullion is a good way to go, but I will like to build a connection with a local coin dealer, do you know anyone in Jersey or anyone in the comments recommend anyone from jersey, thank you