There's no simple answer for a question like that. What are your needs, how many dependents do you have, how much income and savings do you have, how risk-averse are you, etc. etc.
You'll want enough for daily use, shopping, unexpected expenses, and so on, but for how long? A month? A year? A lifetime? You've got to decide about that on your own. Clearly, how much wealth you have available will be a major factor in your decision.
You'll also want something for savings as opposed to just daily living. If you have wealth beyond being able to eat paycheck to paycheck, and if you don't expect the fiat we now use to survive, how will you protect your savings?
Plenty of other things can be used for that (ammo, vodka in glass bottles, etc -- anything there's a strong market for and which doesn't go bad) but precious metals have stood the test of time for a reason, and thus deserve strong consideration. Having a mix of assets is common advice.
A few years ago I saw a video where a guy broke it all down. It seemed to make sense at the time. He was using numbers from the depression and relating them to our situation with the massive debt. Just know that every bank in the US and maybe the western world is backed by a very small amount of silver and plenty of silver paper. When it explodes silver will rise faster and further than bitcoin. (I Hope), haha. I was there when the hunt brothers tried to corner the silver market. That was just the fake media. They were trying to expose all the corruption in banking. I've been planning a long time for what appears to be happening now. Good luck.
world wide debt is 2000Trillion at least. BIS announced last monday 80trillion in "hidden debt" in the FX exchanges and associated that to debt in the pension system. Thursday, biden bailed out a union for 36billion. crypto is another scheme where they created value out of nothing. All of crypto will be associated with the worst in human nature. The dollar prior to the fed had real value, that value is now next to nothing. Yes I think silver will explode in value, It needs to just to balance out all the manipulation of the financial system. people will need to get paid soon and there will be no "money" that will make a difference when real inflation hits. The only saving grace for these assholes is that the excess death will help to lower inflation but I don't thing it will be enough. Plus silver is needed for our high tech world in large quantities.
Is 5kg enough?
There's no simple answer for a question like that. What are your needs, how many dependents do you have, how much income and savings do you have, how risk-averse are you, etc. etc.
I know, I was just curious about your use of "enough".
Well, general thoughts:
You'll want enough for daily use, shopping, unexpected expenses, and so on, but for how long? A month? A year? A lifetime? You've got to decide about that on your own. Clearly, how much wealth you have available will be a major factor in your decision.
You'll also want something for savings as opposed to just daily living. If you have wealth beyond being able to eat paycheck to paycheck, and if you don't expect the fiat we now use to survive, how will you protect your savings?
Plenty of other things can be used for that (ammo, vodka in glass bottles, etc -- anything there's a strong market for and which doesn't go bad) but precious metals have stood the test of time for a reason, and thus deserve strong consideration. Having a mix of assets is common advice.
dependants
You're welcome.
You're Greekish but your English is of the British variety, I assume. 😄
de·pend·ent noun (British also dependant)
a person who relies on another, especially a family member, for financial support: a single man with no dependents.
50oz per person minimum
Well, 5kg is about 160oz, so guess I'm good. Btw, how did you get at that minimum amount?
A few years ago I saw a video where a guy broke it all down. It seemed to make sense at the time. He was using numbers from the depression and relating them to our situation with the massive debt. Just know that every bank in the US and maybe the western world is backed by a very small amount of silver and plenty of silver paper. When it explodes silver will rise faster and further than bitcoin. (I Hope), haha. I was there when the hunt brothers tried to corner the silver market. That was just the fake media. They were trying to expose all the corruption in banking. I've been planning a long time for what appears to be happening now. Good luck.
When you say "faster and further than bitcoin"........is that hyperbole, or is there some metric that leads you to believe that will be the case?
Hoping you're right, fren.
I've seen various answers on the "how far will silver go" question. Not sure which one is most accurate.
world wide debt is 2000Trillion at least. BIS announced last monday 80trillion in "hidden debt" in the FX exchanges and associated that to debt in the pension system. Thursday, biden bailed out a union for 36billion. crypto is another scheme where they created value out of nothing. All of crypto will be associated with the worst in human nature. The dollar prior to the fed had real value, that value is now next to nothing. Yes I think silver will explode in value, It needs to just to balance out all the manipulation of the financial system. people will need to get paid soon and there will be no "money" that will make a difference when real inflation hits. The only saving grace for these assholes is that the excess death will help to lower inflation but I don't thing it will be enough. Plus silver is needed for our high tech world in large quantities.
http://321gold.com/
Great, based financial page with interesting financial and political commentary and news.
A moment ago, the Kitco banner in the upper-right of the page showed silver at $23.46.
I trade imaginary 1s and 0s on a worthless, plastic card to have physical silver delivered to my front door.
Its like being Rumpelstiltskin...........spinning fugazi 1s and 0s into solid silver.
Best deal on the planet.