Silver and Gold are REALLY BAD investments for your pension...
Вставка
- Опубліковано 18 вер 2024
- If you would like to support my channel please consider buying my hand poured silver: backyardbullion...
Thanks also to the channel sponsor The Silver Forum!
thesilverforum.... (281)
A 4k Camera & close ups of coins! What more can you want!?
What do you think? Comment below!
Comments welcome below or email me at byb@backyardbullion.com
If you like this kind of content and want to get more involved and support Backyard Bullion please consider supporting me via Patreon.
/ backyardbullion
Follow me on Instagram: @ BackyardBullion
backyardbullion
Thanks for watching and I will see you next time!
silver, gold, bullion, silver bullion, gold bullion, buying silver, delivery, gold delivery, buying gold, gold review, review, stacking, stack, stacking silver, silver stack, coins, silver coin, silver bar, silver investment, investment, gold investment, investing in silver, investing in gold, silver price, gold price, backyard, backyard bullion, stacker, prepper, SHTF, why not to buy silver, buying silver in 2018, silver 2018
"If Tetris has taught me anything, it's that errors pile up and accomplishments dissappear. "
-interwebs
Good quote!
Love it!!
But if you make the right accomplishments you can make those errors disappear too.
Your arguments are perfectly valid with the caveat that silver is provably grossly undervalued today vs. other investments, including other ‘hard asset’ type investments. That is not to say that silver may not stay grossly undervalued for some time but it is difficult to imagine that silver will continue to be grossly undervalued over the long haul (say 20+ years). So much of one’s strategy w.r.t. wealth preservation through the accumulation of silver should consider their time horizon.
I agree that silver is grossly undervalued and that may well have a factor to play. I think it is important to have a view of all the factors at play.
I think the most important thing is to understand what you’re investing in, and why you are investing in it. I’ve talked to people that don’t have the slightest idea of what their money is going into in their 401k/pension, what kind of funds they’re investing in etc. I think you might as well burn your savings if that’s the way you’re going to approach it. And that Tetris set is amazing. Each piece with its beautiful ripples. I can tell you’re passionate about what you do!
It is the same with people here in the UK - not a lot of people know what funds and what charges they are incurring. Can often be £1000's over a lifetimem. Thanks for the feedback on the Tetris set, I love what I do and I do what I love!
I'm already 70 and know what is ahead for me ! My wife will probably be the one to enjoy my stack. Our house is paid in full so we're Ok! Thank You That is an awesome Tetris set. God bless you and your family.
Not sure about silver taking a moon shot, although it’s a certainty in time that paper money will become worthless. Bet against the massive global debt. 2008 just got papered over in my opinion. People forget too easily
I am the same about a moon shot, unlikely to happen for sure. But, as you say - money will get driven back and back so PM's are important to hedge that.
Awesome content, I’ve been waiting for someone to make a video on this topic. By the way I love that beautiful Tetris set. Great Job!
Thanks for the feedback! I think it is a great topic and one that a lot of people need to think about and take heed of!
I just stumbled across this channel and already love it. I actually have a different strategy... I invest in stocks/shares/property and even a bit of crypto for my own long term financial stability.
But I invest in gold, silver and collectors coins for whoever my beneficiaries are. I can't imagine ever selling them (unless I need to), but I would have loved to have been left a little treasure chest. So it brings me personal joy to be able to turn my dream into a reality for someone else 🤷🏻♂️
Welcome to the channel! Good to have you on board and thanks for the nice feedback
That Tetris build is almost ASMR-like! So help me, if you broke into a whisper I would have fallen asleep 💤! 😂
ASMR like? Sorry I don't follow, also - would you have fallen asleep because the video was boring?
I believe it was compliment! Asmr is a pleasanty/soothing kinda feeling from certain sounds and voices. Think Bob Ross painting and his calm voice.
the90percentlurker BINGO! Total compliment. Google ASMR....
"Silver’s sweet and gold’s our mother,
but once you’re dead they’re worth less than that last shit you take as you lie dying."
― George R. R. Martin, A Dance with Dragons
Stella Maris Wow. That’s....deep.
“But godliness with contentment is great gain. For we brought nothing into the world and we can take nothing out of it.” (1 Timothy 6:6,7)
GOLD SILVER RETAINS YOUR PURCHASING POWER AND WEALTH
1913 = a man buried 1 oz GOLD and also $20.67 Fiat cash which was the cost for that GOLD
2018 = a man dug it up now Purchasing Power $1300 / 1 oz GOLD that $20.67 = Purchasing Power worth $0.82
Yes indeed - this is the main reason to stack
Today's silver price is a literally a bargain since the cost of mining is around 10.50 usd some article says it's 12 usd to mine 1 oz so at today's silver price at 15.50 it has a very little room for it to go down but a lot of room to go up. Just saying. by the way that is a nice silver tetris it's much better if you have put a sliding plastic glass on that frame.:)
Can I take a mortgage out on that tetris set? 😂 Thanks for the video, intesting topic.
Ha! You might need it on a 49 piece set! In all seriousness though I am very happy to do payment plans for items if that ever helped.
That’s awesome Backyard Bullion. I may need that Tetris set some day haha
Just from recent experience, due to a combination of ill health and company downsizing I was unemployed for nearly two years. While I didn’t have a giant stack of silver, I had collected a decent amount of coins. Selling my collection bit by bit was a little heartbreaking but having that money released from silver helped me a great deal during that time. If you take precious metals for what they are; condensed savings in physical form to be utilised when needed I think it’s a great idea to have a stack to hand. Wealth preservation is the idea.
I think a mortgage free house, is the most important thing to have when you retire. Mine will be payed off when I retire. I do collect/stack gold, silver, collector coins, to have some more spending money when i'm retired. But you should also enjoy life before that, I have seen many people saving up money to go traveling at an old age. ending up sick or in a wheelchair before that time!! So my tip would be, indeed save up some money (in gold/silver)for your retirement. But also enjoy life when you are young and travel the world!!
Great video thanks for sharing B.B.! I max out my 401k and my silver purchases are just for fun and not retirement.
The set is literally something else my friend. I have very similar views. Right now it's a catch 22. See ya soon bud. Love your work.
Thanks fella, love the Tetris set - I am very sad to box that up and ship it out!
well do we distinguish between holding wealth for the long term/old age, and the pension system itself, subject to vile intrusive laws and restrictions?
Why are people stacking ?
I am stacking for my pension!
I rather have an ounce of silver then a Alexander Hamilton $20 bill.
What about the challenge for most investors wanting to invest in PMs for their retirement being forced into highly leveraged and risky ETFs for their pension/401k/IRA? ETFs are a poor choice if you see an economic reset/crisis in the near future.
I agree it is a viable alternative for people in that situation. The fortunate thing for us in the UK is we dont have to do thism
Backyard Bullion Lucky you! People in America feeding their 401ks are all but forced to invest in equities/bonds for their retirements. To own gold in a 401k, ETFs are unfortunately the only option.
Completely agree. I love gold and silver but 10-15% of a portfolio should be fine, no more than 20%. It's important to hold most of that in items you don't get too attached too because when they do shoot the lights out it's temporary and it means everything else has crashed and you'll want to sell a lot of it to buy other assets that are going cheap and which will provide yield as well as growth. My idea of a way to work out how much to hold - determine the percentage of stock you want to hold and set a stop loss of 20%. Then work out what a 20% loss of your stock allocation would be in a downturn and that's your gold and silver allocation e.g if I hold 60% stocks and in a crash I lose 20% which is 12% of my whole portfolio, I want a gold allocation of 12% so when it doubles my losses are covered. Just what I do, everyone should do their own research and figure out what's right for them.
I don't think I'm gonna live long enough to retire so I stack for crisis and for whoever it ends up being that I decide to leave it to.
That thing is awesome!!
Great video and cool tetris silver board.
As a 62 year old semi retired, I look at metals as a cool way to save some of the extra cash I earn from a part time job - I believe a diversified portfolio is the key. I agree with you that real-estate is a great way to also preserve wealth and a great way to add cash flow to any pension or social security check (USA) that a person gets. I may not see my metals appreciate during my lifetime, but I can pass them on to my grand-kids and hope that they value them as much as I have over the years. Plus I like the feel and look of the coins and instead of spending the extra cash on some useless gizmo, I can put that into metal that will always be worth something.
A house of silver would be horribly thermally insulated
Yes indeed!
Wouldn't it keep the house cooler?
If gold and silver ever does an account of all the trillions and trillions of dollars out there like it did when it went from $35 to over $800 in no time lol so who knows it might shoot that moon.
I will agree with the fact that you should at least have a back up pension or having multiple pensions because a lot of things can go wrong in a few decades and it doesn't hurt to having a few back up plans.
Diversification is really important
I couldn’t agree with you more, no dividends, not interest, no compounding with precious metals over the long term, which could be extremely detrimental to a retirement account.
I would love to be confident enough to build a stocks and bond investment plan for my retirement. It was in researching what is safe to invest in at the minute that I discovered gold and silver about 5 months ago. I am building up a PM position over the next 12 to 24 months and hopefully whatever BS is going to happen in the world economy will have presented by then and I will do the stocks and bonds thing at that point. I'm lucky to have recently cleared my Mortgage so I'm buying PM's with no debt at the minute. I actually think we will all be cashless in the next 5 years and we will talking about fiat government backed crypto🤓🤗 we are never going to beat the system 🤪😱 The world will go on for sure but I am inclined to believe that a managed transition to a new global monetary system is a reasonable expectation at this point and what that really means to me and investing in stocks and bonds I can safely say I have zero clue. Hence the PM position for now.
Thanks for sharing your thoughts and insights!
Are there other combinations that will complete the puzzle?
I'm sure there are. But working it out on camera was too hard 😉
May I ask what % of your retirement portfolio you would like to be silver, and the same question for gold?
I agree I don't put everything into silver and gold have cash/via and weapons food water . Thank you for the video
I think a lot of people getting into pm's ecspet that it's going to give them a very good retirement but that's where everyone has got to look into there own personal situation. great vid as always my friend 👍
i think the title of your video is wrong, i would say 'good' instead of 'bad' 😎 pretty silver tetris board
Playing devils advocate is fun!
i sense there are silver horns growing out of your head now 😁
10 dollar silver will be nice, but for how long? holding silver for 5 years hoping for a 5 dollar increase is foolish
I agree - holding for 30 years is the only way to get a tangible "return" even if that return is just preservation.
Backyard Bullion haha- that would be nice too ! but I'm 64 and was hopeful for a faster return, but I'll hold for now and keep your videos in mind- thanks
Crazy idea for those tetris sets...a thin slot along the inner edges of one of those sets would allow for a sliding sliver of glass. Where would you find such a sliver of glass? The thought just came to mind that, depending on the site of the set, you might be able to use one of those "Gorilla glass" screen protectors for cell phones or tablets.
Now, if they can be cut to size or not without simply shattering is another question entirely...but the idea popped into the ol' shoulder box, and I had ta gitter out. d;o)
Beautiful set and frame! Was just wondering if there was a rationale behind the 10% of pot value, as I have heard that before, or if it is more of an arbitrary safe zone I guess? Really enjoy videos keep it up.
So sorry for late response, but thank you very much for explanation!
Is it possible to post a picture of the 25 tetris piece set and the 49 piece set side by side for a comparison?
Sorry Paul, I have already shipped it out! If it helps, the 25 piece set is a 10x10 Tetris square and the 49 piece set is 14x14
Stocks and shares are they worst thing to invest in at the moment in my opinion. Has anyone else here watched Mike Maloney’s latest online presentation at wealthcycles.com ?
mike baloney you mean. he is a fear monger and has not gotten any predictions right so far. avoid him like the plague.
Backyard Bullion sounds like you have a bit to disagree with Mike but does any of the information he’s presenting hold weight?
Like 15! :)
Thanks!
Hi love the stuf you do i look at all the video have just got somthing strange you have gold coins well i purchase 5 gold full soverigns from oro express bullion company and i have one of the soverigns is 1929 with victoria head and no mint mark but london did not mint in 1929 strange
Where can I buy one of these silver boxes
pedro santiago he makes them , then sells them. Contact him.
Just drop me an email or have a look on my website! backyardbullion.com/product/pre-order-25-piece-tetris-set-with-display-frame-999-hallmarked-hand-poured-silver-copy/
Get an amazing Dad like BYB has!!
Amen to that!
BB I just turned 62 and I'm retired for good , can't wait any longer the clock is ticking
Good to hear! Enjoy your retirement!
thank you sir '
Will I never expected my silver stack to do much but in time it should.
Back in 1998 I paid $9.50 a ounce for silver eagles but you need to figure in inflation nevertheless I enjoy it as a hobby.
Next I need to find a fishing hole to spend my spare time which I seem to have a lot of here lately , I'll end up working a part time job if I dont stay busy and not spend money every time I leave my house.
Hi Mark. I'm 55 and considering 60 as my retirement. I have a well paying provincial govt job in Canada, but I hear you on the price. To put my mind at ease I prefer to think of it as a store of value, not looking to profit off it. Just to maintain it's value. Stacking since 2008, bought some nice dips and paid too much in 2011, I have no idea what my dollar cost avg is but I suspect its about 22 cdn.
Brent the way I see it is the clock is ticking , I feel 62 and now is the time retire.
If you wait too long you get to old and too tired to enjoy your retirement.
When I turned 60 something changed , it made me take not and retire at 62.