Silver, lead, water, food, and an unbreakable spirit. Also, get to know your neighbors and discern who you can trust and who you can't. There will be no Rambos in whatever is coming, only survivors who learn how to cooperate with others for self defense and sharing intel.
I take it you mean troy ounces, right? Trouble is, no matter how it's calibrated or measured, no one knows how a barter economy might set the price of silver after TSHTF. I'd rather have too much than not enough.
A layered defense is good. Build your silver stack, but also take out a certain amount of cash from the banks to keep on hand. If the banks crash, you may well be locked out of any funds you have in banks especially if "bail in" laws kick in. (Bail in laws passed in many countries after the 2008 GFC mean that assets held by the banks belong to them, not you, and may be used to clear any of the banks debts.)
It’s a START. He explains that 50 won’t stack in the tubes, but stacks of 20 will. iIt’s equivalent to $1000 but holds it value over time and it’s achievable. When you achieve this, it’s hard to not stack your next goal - say 100 ounces. 😀Another tip is that if you need to cash it in, it’s there. And can I say too, it’s much, much harder to cash in 40 ounces than just burn thru that same amount in cash. You have to look at that hard earned silver, work out how much you can cash in, physically get in a car, go to a bullion dealer and hand over that silver. We have done this and while we used it to add an extension, it’s hard. You work hard to amass this, apart from your regular income and cashing it in is hard, even for the ‘right’ thing to do and in our case, we wanted to do our Reno without debt.
To recover this silver, my listings on eBay will increase to buy back what we used. This is how we accumulate. Another tip. If you go to Goodwill and purchase used books, say 10 per week for $10-15 in total, so each book costs around $1.50. Many booksellers offer free postage, but that will depend upon you. Do the comps using the eBay app to see what your book/s are selling for, not what people want for the books. I find heath cookbooks, diets, cooking for diabetics, Heart health, Keto, etc. are selling well at the moment. (New years resolution and all that). If you sell say 3 of those books for around $20.00ea + buyer pays postage, then eBays fees, you could make around $50 profit for those 3 books. That’s 2 oz of silver!
If you have to sell, find a dealer that pays more for actual coins, instead of rounds and bars. Rounds and bars will always sell at spot price, but coins should sell at a higher amount, depending on the year. For example, I have a tube of 2017 Silver Eagles, I also have a tube of silver rounds, an honest dealer will pay more for the Eagles. I buy both, that is my savings account. I know a guy who was a stacker, as myself, I was able to pay him for carpentry and painting and laying a floor with silver. He told me he came about hard times during Covid lockdowns and JM Bullion bought back, and paid the spot price at the time of sale, he did not lose anything because he waited for the price to go up.
Check with your gold/silver seller. In some states, when you buy a minimum of $1500 of gold/silver/etc then you don't pay any tax on it. If you were to buy $1499 worth of precious metal then you will pay tax on it. Could be different $ amount depending on the state. So make sure you ask.
Colorado: No tax on treasury minted coinage, pawn shops needed guidance for years and finally any currency of the U.S. is not taxed-just wish I could be refunded the taxes that was collected.. 😒
The problem I see with Gold and especially silver is the markup over spot and the surcharge for method of payment. JM Bullshit lists silver rounds any mint any condition (Doh) at 24.94, but with the payment surcharge its 25.94 to 27.02 while spot price is 22,17, and you are unlikely to be able to sell at spot price when in need of liquidation. American Silver coins @ 1 Oz 32.74 to 34.10
Exactly ^^ this ^^.... I have never seen my silver stack as an "investment," to be sold for fiat currency when the price reaches some arbitrary level. Nope, I horde it away and try to forget that it's there, as it's ONLY to be used in a SHTF situation when nothing else holds any value. And it looks like the dollar is just about there now.
I have spent fiat $ on equal (roughly) amounts of bullion (Silver eagles) and pre 64 coinage.. Nice to pick up, shake and hold knowing it is an unbeatable savings account in pocket change.
Silver is worth nothing if you don’t also have lead.
True. And Beans and The Bible. 😀
Silver, lead, water, food, and an unbreakable spirit. Also, get to know your neighbors and discern who you can trust and who you can't. There will be no Rambos in whatever is coming, only survivors who learn how to cooperate with others for self defense and sharing intel.
40 ounces.
I take it you mean troy ounces, right? Trouble is, no matter how it's calibrated or measured, no one knows how a barter economy might set the price of silver after TSHTF. I'd rather have too much than not enough.
A layered defense is good. Build your silver stack, but also take out a certain amount of cash from the banks to keep on hand. If the banks crash, you may well be locked out of any funds you have in banks especially if "bail in" laws kick in. (Bail in laws passed in many countries after the 2008 GFC mean that assets held by the banks belong to them, not you, and may be used to clear any of the banks debts.)
Agree 100%. This video is for someone that is thinking about buying silver. It helps them to understand how they can start.
Lot's of good and useful videos out on Ustube for beginning stackers and those thinking about starting.
Your weight in silver.
Your age in Oz of gold.
In Ancient Rome a man could retire when he had gathered 1000 Oz of silver, this video states 40 Oz.
I’m not a financial advisor, but I’m 100% sure that it’s wise to diversify, especially now when we’re looking at the mother of all bubbles.
At least 10% of your holdings in physical precious metals is my mantra, and that’s during normal times.
It’s a START. He explains that 50 won’t stack in the tubes, but stacks of 20 will. iIt’s equivalent to $1000 but holds it value over time and it’s achievable. When you achieve this, it’s hard to not stack your next goal - say 100 ounces. 😀Another tip is that if you need to cash it in, it’s there. And can I say too, it’s much, much harder to cash in 40 ounces than just burn thru that same amount in cash. You have to look at that hard earned silver, work out how much you can cash in, physically get in a car, go to a bullion dealer and hand over that silver. We have done this and while we used it to add an extension, it’s hard. You work hard to amass this, apart from your regular income and cashing it in is hard, even for the ‘right’ thing to do and in our case, we wanted to do our Reno without debt.
To recover this silver, my listings on eBay will increase to buy back what we used. This is how we accumulate. Another tip. If you go to Goodwill and purchase used books, say 10 per week for $10-15 in total, so each book costs around $1.50. Many booksellers offer free postage, but that will depend upon you. Do the comps using the eBay app to see what your book/s are selling for, not what people want for the books. I find heath cookbooks, diets, cooking for diabetics, Heart health, Keto, etc. are selling well at the moment. (New years resolution and all that). If you sell say 3 of those books for around $20.00ea + buyer pays postage, then eBays fees, you could make around $50 profit for those 3 books. That’s 2 oz of silver!
If you have to sell, find a dealer that pays more for actual coins, instead of rounds and bars. Rounds and bars will always sell at spot price, but coins should sell at a higher amount, depending on the year. For example, I have a tube of 2017 Silver Eagles, I also have a tube of silver rounds, an honest dealer will pay more for the Eagles. I buy both, that is my savings account. I know a guy who was a stacker, as myself, I was able to pay him for carpentry and painting and laying a floor with silver. He told me he came about hard times during Covid lockdowns and JM Bullion bought back, and paid the spot price at the time of sale, he did not lose anything because he waited for the price to go up.
Check with your gold/silver seller. In some states, when you buy a minimum of $1500 of gold/silver/etc then you don't pay any tax on it. If you were to buy $1499 worth of precious metal then you will pay tax on it. Could be different $ amount depending on the state. So make sure you ask.
Colorado: No tax on treasury minted coinage, pawn shops needed guidance for years and finally any currency of the U.S. is not taxed-just wish I could be refunded the taxes that was collected.. 😒
The bullion that is from mining companies is regarded as collectible 'jewelry', I believe. There is a federal law against taxing currency.
Tennessee recently passed a NO TAX law on the sale of gold and silver, no matter what form it's in... coinage, bars, rounds, whatever.
The problem I see with Gold and especially silver is the markup over spot and the surcharge for method of payment. JM Bullshit lists silver rounds any mint any condition (Doh) at 24.94, but with the payment surcharge its 25.94 to 27.02 while spot price is 22,17, and you are unlikely to be able to sell at spot price when in need of liquidation. American Silver coins @ 1 Oz 32.74 to 34.10
Exactly ^^ this ^^.... I have never seen my silver stack as an "investment," to be sold for fiat currency when the price reaches some arbitrary level. Nope, I horde it away and try to forget that it's there, as it's ONLY to be used in a SHTF situation when nothing else holds any value. And it looks like the dollar is just about there now.
America... founded by geniuses, run by idiots.
I have spent fiat $ on equal (roughly) amounts of bullion (Silver eagles) and pre 64 coinage.. Nice to pick up, shake and hold knowing it is an unbeatable savings account in pocket change.
They were charging $10.00 over spot price last week
Aussie new 1 oz 2023 coins here spot $32. $53.00 but you have to buy 5. So I go elsewhere. Premiums have been crazy.
Yes its been 40% over spot for almost 2 years
Its $11.00 over spot today