@@PinoyBaldStacker don’t feel late the best time to buy silver was 15 years the next best time is tomorrow. Silver is gonna be the big winner compared to gold and there’s about 5 month supply of registered silver supposedly.
This guy is absolutely right. I never saved money until I started collecting silver. It also motivates you to buy because you see the pile grow and it's fun to collect
I began collecting silver in the past year. Between coins (13 oz.), rounds (13 oz.), and bars (2 oz), I have 28 ounces so far. It has been hard to find the money for it, but I am looking forward to getting to 40 ounces one day. Thank you for all your videos. I really appreciate all you do!
I started stacking silver about a decade and I live on a fixed income. I hit my 1st 2 goals which were 100oz then 250oz. I wish I could stack faster but I'm grateful to have what I have. Good video.
i am glad to hear about young stackers still buying silver. when i started in 1967 as a kid i trapped muskrats and sold their fur to buy silver and gold coins. a lot cheaper back then. i am now over 10,000 ounces of silver.
nice man. my father and his friend did the same thing to aquire extra money. he didn't buy silver unfortunately but made decent money traping and hunting fur. I kinda do what you do. I obviously don't sell fur because it's just not worth it anymore but I sell my scrap metal and hit my local coin dealer. idk seems logical to me. trading steel in for silver basically
@@handduggraverdronline I too do scrap metal. I do steel short term for ounce by ounce and have been just stacking and holding the rest in my garage for when the price evens back out so I can buy a bunch of silver/gold with it 🙏 I love working with metal in general
I’m proud of you, my friend. I wish I’d had your maturity when I was a teen. Your six ounces is a great start. Many older Americans don’t even own the silver that you do. Keep going as you can!
I love this. Over the last few years I converted my USD savings (numbers on a computer screen) to physical silver. Still a savings account. Recently we’ve had a some challenges and needed to draw on our savings. My wife’s company was sold and she and her whole team were laid off. I’ve had some medical issues and surgery, and that has reduced my income. We’ve sold some possessions, but that takes time and effort. We’ve also sold some of our gold and silver to cover the mortgage, food and fuel. The metals were quick and easy to sell. And, with the recent increases in price, we got good value. Gold and silver are real money. 👍
I purchased my first silver. I got a 5oz bar and 4 rounds, 9 total. I’m hoping to get some each month to build up my stack! I’m very new to this but I’m enjoying learning about it. Thanks for your videos, I’ve learned a lot so far
As a disabled veteran myself I use some of the WWP services. They have been providing me with therapeutic talk support which has been very helpful. Thank you very much for your content and for being so generous by putting on your auction to help us veterans especially the disabled ones🙏🏼🧘
Every ounce is solid insurance against paper and digital currency fraud. You have supported your country, now you are supporting your family. A noble goal.
@@kimwurdeman7257 I have researched since 1996. It is now about survival. Assuming you survived the man made viruses they've thrown at us the poison in our food and soon (hopefully not)the hungry people who may want what you have. Just ask the people who survived Katrina! Food disappearing, water poisoned, chicken plants explode, eggs production down due to what's put in their food causing them not to lay eggs, food trains explode, dog and cat food, now tampered with for experimental sterilisation. A rich Mogul buying up midwest tillable acreage Put 2 and two together! You can quote me on this; "Don't be lazy with your life, just think, what if they run out of gum balls?" At the same time buying silver buy canned meat, veggies and fruit (best is bpa free, organic canned)and ANY pure, .999 silver 1 ounce rounds, 1 ounce bars, ( junk silver marked up not pretty and don't pay full price for junk). Remember the more you buy the better the price is on silver but one at a time is much better than none at a time! To have is better than to want, one at a time or as many as you can. Everytime you go to The store, ask yourself, do I really need this? Than put that into silver. The food will get you thru an initial disaster, the silver is silver and weather it's collectable or just .999 silver or junk, in bad times it's ALL worth the same when your hungry! Silver is not tied to the dollar system, it's tied to use and that can be good. Our Buddy, Warren Buffett, lol, he bought $1 billion in silver but nothing in gold! Hope this helps! L
I started by picking a dollar amount at first. I watched market prices and shopped around. If you can afford just one oz, then you can afford one oz more than you had before. Now it’s 10 or more at a time and I look forward to adding to my stack more than other things I would want to have or do and it’s grown exponentially. Learning patience gives you confidence and steady growth beats highs and lows. If you’re not adding to your stack, add education to your mind while you’re working on it.
I started stacking 2 months ago, analyzed all the possible places to buy silver in my area, choose the cheapest one, and bought silver regularly. I'm at 31 ounces and my first goal is 50 by the end of the year.
@@ryantate6447 when it's historically low vs g and close to the cost to make an oz, it's opportunity to buy. I like stuff on sale and like long term prospects (ICE for RoW middle class and hydrogen catalyst)
@@Xjicnejzlcowbxikvjeoalvphwvepv look up your local recycler in your area, They buy scrap metal. It's a commodity, it has value. They turn it into useable items and resell it.
My annual goal is 100 ozs of silver and 1 oz of gold a year, that's what I aim for every year, I just doubled my silver goal for the year and am working on doubling my gold goal for the year, it's fun and I really have been able to add to my stack with the lower spot price, 10 oz silver bars add up quickly and I average 25 ozs a month the last 3 months, keep stacking my fellow PM friends
To the newbies, keep in mind S&H costs if ordering online. SD Bullion is free for orders over $200 so it's best to buy at least 10 rounds. Also, watch out for high premiums. When I started in 2015, premiums were pennies over spot. Now you're looking at $4+ which is crazy high. Buy the best deal for the buck and just keep stackin.
@@simplybeef8232 I have my ways of screwing the Govna, the sad thing is that those least able to afford doing so get to pay those taxes. I only mention the state tax rules as information for those starting out who are unaware.
I don't think it's the amount you NEED to own but that you should own it. My silver and gold stack together is worth in the five-figures (but just barely) but the point is that I NEVER would have saved anything at all or very little if it wasn't for stacking. Stacking PM's actually made saving fun for me.
I had the exact same strategy when I first started stacking. I was so motivated to start stacking, but had very little money. I was awakened to precious metals, which led to an awakening to personal finance in general. To date my stack has grown tremendously, as has my financial life in general.
I started stacking a little over a year ago as a novice and instinctively began with 40 rounds. After flying "blind" I found your site and was really educated about silver. Thank you for providing such a great service!
First of all, I really respect your grind! Collecting cans to get silver is a honorable and honest grind. Exchanging one metal for another just seems right. I salute you. Secondly, I believe in partime goals. 40oz is a great first step. I started with the goal of 100oz/year. In retrospective, I think that was a bit of a stretch when living paycheck to paycheck. Now I go for consistant buying, a little bit every month adds up. Some months more, some months less, as long as you get it you’re good. Thanks Dragon. Keep on keeping on!
I started stacking 8 months ago. I had a goal set to 40oz now as of today I'm in the high 50s with more coming that will put me to 60+oz of silver. I also have gold too.
I have been buying and selling silver for decades. I bought a couple of 100 ounce bars when the Hunt brothers were cornering the silver market in the 80’s. I made a tidy profit from those. My timing hasn’t always been so good. My father got me into numismatics when I was eight years old in 1964. That was the last year that the mints made 90% silver coins. We hit the banks and got several rolls of silver quarters, dimes and halves. I still have a few rolls of those uncirculated Kennedy halves.
@@lamarravery4094 Quite a few I would imagine. Now that I think about it, that may be what got my dad interested in coin collecting. He had a lawyer friend who had a coin shop downtown who probably persuaded my dad to hit the banks. I’m so glad he did. Another friend was President of his bank and helped facilitate us getting the rolls. Of course you always wish he could have bought more, but money was tight for our family in those days.
I've advised several friends when starting out to get a roll of pre-65 dimes and a tube of ASEs. I like this solid base to build upon because each is widely recognized and would be the first silver items mainstream America would feel comfortable dealing with. However, with the crazy high premiums of ASEs, I'd change out the buffalo rounds for the ASEs nowadays. Whatever the initial goal is, it is very important to have one! Just make it something able to be achieved with some effort and not overwhelming.
I started my silver stacking with a sealed tube of 2022 Ase's not knowing anything about premiums. No regrets though. Ill be buying a tube of ASE's once per year as long as they make em
I live in the uk and i either gotta pay 20% tax on silver and platinum or risk getting fakes. I’m pretty much only buying gold rn, i like the 1 ounce and 20 gram bars from the royal mint. Couple fun designs.
I started a lil less then a month ago and I’ve now stacked 66oz!! For me that’s awesome! My goal is to have 500oz of silver and at least a half ounce of gold in my first year of stacking. I’m hoping to exceed that but that’s my minimum goal.
@Sonny Anaya That's a great goal to have! 500oz of silver imo is really a very substantial stack. Sure there are people out there who have thousands of ounces, but for most of us I think 500oz is a real milestone and I consider that to be the number that probably puts you ahead of the average stacker.
Awesome. For some of us when we start stacking it can become addictive- I started at a 50 oz goal and ended up with over 100 oz in one year. Now is a good time to buy, but I’ve slowed down a bit because of personal financial situations. But I still make a point to at least get 10 oz a month if at all possible. Save it save it save it and it’ll be well worth it down the road!
I think 40 ounces is a nice starting point. Once you get there you can think about what your goals are and what you want to accomplish by buying silver. Also, you can start thinking about gold. Thanks, SD!
I wish I had started in the 90s when it was $5 an ounce. Better late than never and I'm buying metals now but back then, it just never occurred to me. I was just concerned about collecting a paycheck and supporting my family when I was young and in those days, I didn't make a lot of money. It was paycheck to paycheck and quite often it was a struggle making it to the next payday. One thing I've learned about buying metals is that you don't have the temptation to spend like you do when you look at the amount of money that's in your bank account. With metals, I just sort of buy it and forget about it.
I started with a tube of 20 of ASE in 2014,purchased 5-10 very month. Stopped buying ASE when premiums got high 320oz the rest are Silver rounds. Have 4 more empty tubes to fill and I will have 500 oz a monster box 📦 😀 🐌 and steady wins the race 🏁 🤑🤑🤑.
Started buying silver in 2018 and sitting on around 400oz Lately added Some gold cause diversification is key. All amounts are Good, Never feel "late to the party" . 1oz in 1oz more than 98% of citizen's holdings
I watched a youtube video and the guy dug really deep into silver. He said that if you have 42 to 102 ounces, you're in the top 20% of all silver stackers. That percent does not include companies or corporations, only private individuals. Anything above 102 ounces, puts you in the top 10%.
Don't put too much credit into those ideas. There is absolutely NO WAY Rafi can support that information. My best guess is that 102 oz would probably be below 90%, as most
I bought my son two ounces in bars for Christmas. He has a total of 3 ounces in silver plus a 1/4 of gold coin. He is 14 and I am trying to help him understand the importance of silver and gold. Great videos. I like your coin shop visits.
I started stacking silver 11 months ago and my goal was to fill 2 60-coin cases, one for coins and one for rounds. I filled my coin case and am very close to filling the rounds case. I also bought some bars so I am over my goal of 120 oz. I'm very proud of myself and my new goal is 500 oz. I've also decided to give silver coins as gifts for my grandkids. Hopefully they catch the silver stacking bug!
In 6 years I hit 3,550 Troy ounces .. My best buys were 100 oz bars. In 2 months I made a total profit of over $1,000 between those 2 bars. Right now tubes of sovereign Austrian Philharmonics are cheaper than generic Buffaloes! Keep on stacking
Thank you for this, I’ve been looking into buying silver and this helped a lot. I needed a way to structure it in my head. Make a game plan and I didn’t realize that what was stopping me was that I didn’t know what to set my goals too. 40oz, another 40 after that, then set my own. Telling my wife that my first goal is about 1000 dollars in silver might give her a heart attack though.
I think 40 oz is a very reasonable target to achieve initially. It doesn’t put too much pressure on someone, and forces you to save up for it (assuming you have a source of income already). I think aiming too high can cause all sorts or problems, especially for the middle and lower income persons, and you don’t want to be cash poor, even if inflation is on the rise. Cash is still relevant and necessary. But having a little bit of precious metal can at least offset some of that weakening dollar in the future. Great video!
I would like to start to accumulate silver coins, but I'm not sure if gold coins are a better value. Which would be easier to sell in tome of need? Which has more increased value? Thanks
Started off with 10 oz in 2019. After listening to hundreds of vids just like this one, my understanding is that you need to be able to cover what you need, if cash simply disappears. Use today's spot prices and equate that to how much you need to cover 1 months expenses. Then try and reach 3 months. Then 6 months. Then 9 months. Ultimately, for someone who wants to 'be their own bank', after it all comes crashing down and we are burning our old fiat currency for warmth *Weimar v2.0* I'd recommend 1000oz silver, per person in your home, for long-term SHTF scenario.
Realistically there is no long term shtf. The real threat to society is war. In which you will either be fighting or fleeing for a few years then back to normal (but worse).
I remember you collecting beverage cans for their deposits when you started. Brings back memories. I did the same thing buying silver with the proceeds.
I read somewhere that a good amount of silver to stack for "just in case" is 200oz per person in your household/family and 50oz per animal. I think that is a really good foundation.
Just bought 48 buffalo today, and 120 last week. Another 144 to go to finish my goal of 500 1oz rounds. Finished my goals of $500 face in dollars, halves, quarters, and dimes (1x .30 cal ammo can each). Next comes barstock of 1K each in 10 and 100 oz bars.
I never had a staring point but gradually got to 100 ounces and I thought I was doing good and then I saw all these postings and conversations on the Facebook Precious metal groups, I never thought I’d see 500 ounces but after I got that I had my eyes set for 1000!
Got 80oz this month. I'm just starting. Got another 80oz coming in soon. 160oz should be a good start for 16 ten-oz bars of .999 silver. Wish I got 10oz each week in the last 20yrs. Very late start. Better than letting it sit in the bank and lose.
Top 1% of stackers have 500 oz.. Top 10% have 50 oz. I started 4 years ago with no goals. Been moving money into silver as it comes availablle. So far, I am up to 1300 oz silver, and 3 oz of fractional gold. Also keep cash in hand in case shtf. I think to be safe, stackers should have 1000 oz silver and 1 oz of gold. What motivates me is just hearing the sound of silver. Nothing like it. ❤ The one thing I did wrong IMHO, was buying mostly Libertys. I could have gotten much more silver in the way of oz if I would have bought bars only. My thinking on the Libertys was I couldn't be taxed. But the premiums was so much more. I have now shifted into buying 10 oz bars. So I am still learning.
Been stacking since 2015 I am somewhere around 2400 Oz of silver and 10 Oz gold. I am 1000% convinced we will need to be into metals when we go full hyperinflation which I believe starts this year
I've been at it since 2008. I don't have enough gold to even mention it, but I have around 4k oz. of silver. In the event of hyperinflation, AU & AG will be extremely powerful.
I think a good start is one coin because it puts a real and tangible piece of silver into the hands of the person who's getting started. Perhaps it can be called the trial purchase with a purchase one or four somewhere around $100 worth maybe. But getting that first chunk is what I did and I slowly been building it since.
Nice video! Yes everyone should have some silver. I buy silver not for selling back to coin shop, but for bartering when fiat money goes to ZERO (toilet paper) as it always does. At least silver will preserve your buying power and you can barter your silver coins for goods, even when there is no functioning money system. My goal is not in concrete number of siler coins, but 20% of my net worth in silver coins. I feel 20% is bare minimum given that we are facing huge inflation surge ahead thanks to FED money printing and government debt/spending going out of control.
I started with 3 Oz silver when I was in naturopathic college, it’s all I could afford, once out of school, got a job and started purchasing more over the years, then I opened my own health food store and I just continued buying…..so I’ve been buying for about 18 years now…..I have lots!
Purchasing Silver & Gold is a store of wealth. If you had $35 this time last year, your $35.00 today lost purchasing power because of inflation . . . If you bought a 1oz Silver bar or coin last year you would have paid less because inflation was not at a level that it today . . . Precious Metals is NOT an investment - PM do NOT pay dividends . . Precious Metals is a store of wealth . . . If everybody here can grasp this concept and hold near & dear to your heart - you will have set yourself on a road to survival . . . Set a goal . . Stay focused . . Baby Steps . . .1 step at a time . . . You can only eat an elephant 1 bite at a time . . . Be well . . . Be Safe . . . Be Happy . . . 01.07.2023
I also sold scrap metal to buy silver . I never used any money from the home budget. All side work and scrap metal was all I used. Over time, i managed to get a little gold. I like the 40 oz. starting point. Great video . Anything worth having is worth working for.
My starting goal was to stack as much as my budget would allow, and to not lose sight of that goal. I’ve been at it for about three years now and I have managed to put away ~300 oz of bullion, and ~200$ face in constitutional. Plus 1.25 oz gold. Some months I buy a single round, some months I buy a tube or bar. Slow and steady, buy what you can afford.
I love your channel and I used to watch a lot of Dave Ramsey as well. I followed a lot of his principles to get debt-free but I don't agree with the $1,000 thing. Years ago when he first started getting popular $1,000 was worth a lot more then it is today. A car repair could easily cost more than that. I multiplied my emergency fund by 10 times that amount. Also I'm 51 years old and just started stacking silver yesterday. I have a nice mix of junk silver and maple leaves and silver eagles and even a Chinese panda bear coin. Looking forward to heading up my local coin shop a couple of times a week now!
I found this to be a worthwhile video, thank you! You’ve personalized silver by sharing your thought process. I’ve looked at various PM online sales sites and watched a few UA-cam videos on the topic. It’s a bit daunting to dip your toes into a whole new market. 😳 Decades ago, the “financial advice” was to hold 10% of your investment portfolio in PM simply as a “hedge”. Well, times have changed! Happy to have found out about silver rounds and hey, 1/4 oz gold. I found a comfortable number for me and placed my order. Btw, I believe our first investments right now should be shelf-stable foods and drinking water, followed by alternate heat & cooking sources in case the lights go out. Looking forward to continued stacking!
I don't have a goal but I very much enjoy adding to my stack every couple weeks or so. I like spending money and saving it, when I spend it on silver I get to keep it too. I also am quite fond of 90% but premiums are high.
I like to think that an ounce of silver can equate to 1 hour of skilled labor. Most trades, plumbing, electrical, masonry, seem to offer around $20-$30 per hour. About the same as silver has fluctuated in recent years. The 40 oz goal is a great start as this can also be a payment for a skilled workers labor for an entire week.
Throughout history, the value of a day's labor has been the amount of silver in a silver dime. Who knows, silver might actually be that valuable again.
I AM A LICENSED UNION MASTER PLUMBER. I DO STATE AND FEDERAL RATE JOBS WITH MEGA OVERTIME. 65-72 HOURS WEEKLY. NOT BRAGGING MY HOURLY WAGE IS 148.00 DOLLARS AN HOUR. WITH FANTASTIC BENEFITS.
I’m pushing for 100 oz of silver this year. Would like to have bought a 10 oz bar every four weeks, but we’re nearly the end of March and I have not gotten a single one yet. I think between the end of the year, sticking to that schedule, and buying a silver round here or there during the week, I can still attain that goal.
I started 2 months ago and went at it a little too obsessively. I have 285oz now and trying to pause. Aiming to end the year with 300oz. Next goal is to reach 500oz.
@@muscleandmath2910 well for me part of it was just moving a little savings over to metals, and another part is I don’t have many hobbies anymore. I used to ride dirt bikes (sold 2 recently), golf (don’t really golf anymore), don’t go out drinking. Basically if I’m not at work, The only hobby I focus on these days is photography. So I’ve had a little extra to put into PMs this year -Luis I wanted to “catch up” a bit lol
Good Video. 1:50 Here in germany nobody would touch silver ounces barehanded:D Buffalos and Eagles are expensive here in relation to stuff from the perth mint ore royal mint. I stack mostly kilo silver coins and 10 ounce silver coins
Just did a count on my stack, and between junk, rounds, and bars, I'm at over 300 Ozt, excluding numismatics. I'm also fortunate to have my partner in the US (I'm Canadian), so I have a silver stack in both countries.
Hey SD! It's now 2024 and I just watched this vid after your "Bullion Dealer Warns About Silver Price and Availability". As Harry mentioned, since many stackers want sovereign coins, if I was starting out now, I would (and did) stack Silver Maples first because they're recognized and accepted the world over. So if something awful happens as or after you've started stacking, you'll have a coin that's easy to sell, if necessary. Also since SM tubes are 25, your goal automatically gets a bit bigger, with a familiar number (50) but still small enough not to overwhelm you. For me, other than a treat (maybe once a year) like The Raven, Freedom Girl, 2024 Lunar Year of the Dragon High Relief, Aztec Calendar, Chinese Square Hole, First Bank Notes and the Molon Labe series, I stack Maples.
I started stacking with my first purchase of 70 ounces on 4-30-22 when silver spot broke $23.00 per ounce. Since than have acquired 800 total ounces with spot prices as low as $18.15. My goal is 1000 ounces by end of year that try to acquire 10 ounces of gold in 2023.
I have Silverexia! I can't get enough. I started with a first buy of 7 oz. Held it in my hand and was in Love. I found my calling. I Love silver. I'm all in. Back up the truck. Within 3 months of breaking my silver cherry I have 1776 oz. I'm obsessed. All I can think about is how to make more paper to buy more silver.
Another great video, per normal! As a Vet just wanted to throw this out there, Wounded Warriors a few years ago was stealing money from donations. A lot of my buddies informed me that they didn't receive certain items due to Wounded Warriors not having the funds. Later on, there was an investigation and found out that the company was stealing. So please be careful out there. I do thank you though for the thought. I conducted four tours overseas and lost a lot of great buddies.
I know that no organization is perfect but never the less we will still be donating to them as I feel it is a good cause 👍🏽 thank you for your service! 🔥🐉
Thats horrible to hear. I was donating to wounded warriors for years, recently stopped when got new card, been meaning to up date and start again. As a vet who would you recommend then?
@@steveib8118 Honestly, I would go around trying to find vets to help out. There are a ton of them out there that struggle daily. I almost went down a dark path, but was saved. Just do your research on others that you might feel is the right place for you.
I'm 56 and I just started last week. Now gathering up my funds to make my first purchase. I'm planning to purchase some silver eagles. All these are new and exciting stuff to me...
Buffalos are the best if you are going for quantity.Eagles are only good if you are buying collectibles. Silver Dragons just said that. Don't buy the hype on Eagles.Quantity over so called "quality" of Eagles. You can buy 6 Buffalos for every 5 eagles.If silver goes to $100 an ounce, you will be $100 ahead with Buffalos.The extra you'd get back for your Eagles will be the same as you paid for them, if you are lucky.
My goal for the last 3 years is 555 ounces of silver. 500 ounces for me and 55 ounces for Jesus. I'm at 435 ounces and will add about 50 more this month. I'm getting close to my goal and plan to sit back for a while and watch silver rise.
It's good advice. I don't know that I would spend a lot of time referencing Dave Ramsey, since he's 100% against purchasing any Gold or Silver, but I get the point you were making. I do think 40 ounces is a good initial goal, especially if you're funds are pretty sparse. Increasingly, I think 3 to 6 months worth of living expenses is a minimum everyone should think about having in Silver, in Gold, and also in physical cash. Increasingly, I'm of the mind that people might want to start thinking about having multiple years worth of living expenses, specifically in Silver & Gold. I say this only because the plans that the elites have for our future are becoming a lot more clear, and it's pretty frightening. It's going to take a lot of cooperation with others and a stout heart to stay ahead of what's coming. Keep up the good work!
I've been watching for while now and came across this older video and had to comment because when I originally saw this video I literally just started stacking and had a couple 1 oz rounds and some random pre 1964 coins and that's it. I then set this exact goal of getting 40 1 oz coins and now, about a 5-6 months later I'm approaching the 50-60 mark and I did it by going to my local coin shop and buying 2-3 rounds a week and also ingot a change jar that when it gets full I take it to my bank to cash it in and then I spend it all on silver rounds... Keep stacking ladies and gents...
Finally picked up my 1000 OZ! $29k Canadian shipped. Picking up 200 rounds next week. Been a long time waiting, leaving equities at the top in 2021 and riding out this long correction.
We followed the Ramsey Baby Steps to get our finances under control. Very familiar with his $1K emergency fund concept. Anyway, we finally have achieved the point where we have no debt, paid off mortgage, a very healthy emergency fund in a savings account and are maxing out on our 401Ks in addition to allocating a decent amount into a brokerage account. So, it is for the reason of diversity of investments I come to consider silver stacking. Plans always change but I have my first order of silver rounds headed my way and as of now I'm thinking about purchasing 10oz per month. I have set my first goal at 100oz by the end of December. I really appreciate your channel SD.
Been a silver fan for 40 years made first significant purchase Feb 2020 now I just work 5 hrs overtime a week and buy silver with with that, small purchases often will add up quickly
I got it in my head that 500 oz of silver was the big goal. I reached 541 and switched to gold. I'm only at 9 oz of gold. 20 oz is my goal on the gold. So 500 oz of silver and 20 oz of gold is my minimum.
My first goal was 10oz. that went to 100 oz then 1000 oz then 2000 oz and I stopped at 1400 oz before reaching my last goal when I realized silver was not holding up to inflation at all. It has been flat for like 3 years, thus loosking like 10-15% per year while inflation is destroying our buying power. Been buying mostly gold for the last 2 years. I am keeping the silver in case it eventually catches up but I am not holding my breath. When I reach my goal for gold, I am thinking about getting into bitcoin. I already have some bitcoin but it's not a lot compared to my precious metal stack.
From the movie Far and Away. People were paid 4 dollars for a minimum pay job for a month in the late 19th Century. Since the dollar was about .77 oz. of silver back then, that means that they were paid around 3 ounces of silver a month. Now, to be safe, just assume 10 oz. of silver a month as a minimum to be safe. This means that 40 oz. of silver would get you by for 4 months. It is recommended that you have at least one year reserve; thus, it is best to have a minimum of 120 oz. silver to get you, and yours, by for a year. IMHO. :)
That's a very good analysis. I have read stories where in Venezuela, people could buy a month worth of groceries for a month with one ounce of silver. We have got to stop comparing metals to debt based currencies.
Most financial advisors say have 3 to 6 months of routine expenses saved (including mortgage or rent, utilities, car payments, etc.) The more I’m studying, and reading about the horrors of this recession, the more I’m thinking, an additional 2-3 months in sliver & gold is not a bad plan either. That’s 5-9 months of resources. I literally just started stacking, and made a rookie mistake in terms of premiums (silver American eagles) but my goal is 2000 oz. over the next four to five years.
Great video. I finally set some goals for me. Cause I am all over the place. I find it hard to go find a local place I trust and don't want to take the chance of being followed. So I buy from one place . High premiums ( using debit card, shipping, and of course I only buy one ounce at a time. I suck at saving money). I'm happy have things I find interesting. I have enough for sure.
Funny you bring up Dave! Injust started the baby steps and asked one of his advisors about having my emergency fund as precious metals, their only concern was the liquidity of it.
This is insane! I literally just started stacking silver, started off by ordering eight 5 oz bars of the exact same 10 oz bar you have because the price per ounce above spot price was cheaper when I bought two 5 oz bars as opposed to 110 oz bar, and then yesterday I went out and purchased 20 1 oz 2023 buffalo silver rounds! I literally just got my 8 5 oz silver bars with the American flag stand final today by UPS! Furthermore, I plan on investing in another 40 oz in the next couple of weeks. It's almost like there is something in our DNA that gravitates us towards precious metals when we know our Fiat is in trouble. If you look back throughout all Fiat currencies that have gone dead, precious metals were the only bartering chip afterwards.
Just started stacking properly last week. I'm expanding on all the gold sovereigns my grandad bought for me when I was young. Currently only focusing on silver.
I got about 80 oz of silver after 3 years of stacking , I say (about) because I have 5 coins that are 90% . I feel like I'll stop at 150 oz and from there try to stack 40oz of gold buying 4oz per year for 10 years, gonna be hard but that's the goal. I have some gold but I won't say how much, IRS may be watching 😂 I'm also a disabled veteran so thanks for your contribution to the wounded warrior project. 🙏
I started a few years ago. I started just buying cool looking silver coins and buying random rounds and 2 ounce coins. Worth more if I sell them as collector pieces.
Just started collecting this year in April when I was blessed with some inheritance. I was able to purchase 836OZ of silver and 15OZ of gold so far over the past 5 months. I feel very happy and safe with this way of preserving my self-proclaimed wealth lol. I feel I have a pretty good head start now.
You know Im going though this right now. Was it hard to get that much gold? Did you get a very good deal? Did you use a local guy or a online? Also what is your ideas on storage? Any advice on buying that much would be helpful.
@@joju4072 I had no issues at all getting that much gold. I bought some online, some through the bank and then some at a local coin shop. I used them against eachother for price matching lol. Free delivery was nice also. Bank sure got pissy when I pulled out and transfered money to buy these metals from a source that wasn't them. Storage wise. I have most of it stored in safety deposit box at bank which is nice cause it's none of their business what is in there. I have some stored at home in the safe. They are in monster boxes with those little silica bags to keep moisture out. Also have some on display which are toning very nicely due to our weather here in canada
@@canadagoldandsilvercollect9882 ....Safety Deposit Box is a bad idea. The first thing the bank will do in a crisis is close. You won't have access to the PM. Keep it in the home safe, it's worth it.
Got an amazing deal on silver buffalos on SD. Bought two tubes and was blown away by how such a simple design looked far better than some complicated coins with many security features
Let me add my 2 cents! I started stacking silver and gold 6 months ago. You're never too old to start. I turn 73 years old in 2 months.
Well done Bobby
I really enjoyed your sharing that because some people won’t stack due to the thinking of that it’s to late attitude! Keep stacking my friend!
I love this hobby! No matter the age, it is a ton of fun.
Wow thats awesome its never too late. Im 37 and i feel late
@@PinoyBaldStacker don’t feel late the best time to buy silver was 15 years the next best time is tomorrow. Silver is gonna be the big winner compared to gold and there’s about 5 month supply of registered silver supposedly.
This guy is absolutely right. I never saved money until I started collecting silver. It also motivates you to buy because you see the pile grow and it's fun to collect
If i decide to sell, does it sell back for market value to coin shops?? How does that work, im sure there's some loss
@@naneekad3960 one day, countries will offer exorbitant prices to people to buy that silver from you
@@naneekad3960Basically yes spot price. Silver is really insurance but a lot of people are thinking it will explode
Same Im horrible about saving money... but seeing these shine and not being able to go spend them at stores helps me "save money"
Awesome. As a burglar, I love silver stacks.
I began collecting silver in the past year. Between coins (13 oz.), rounds (13 oz.), and bars (2 oz), I have 28 ounces so far. It has been hard to find the money for it, but I am looking forward to getting to 40 ounces one day. Thank you for all your videos. I really appreciate all you do!
Good job
Keep after it Jason and good luck!
Keep it going ! it will build up , once you hit 40 youll want to set a new goal
Very close to your goal, nicely done
I know you can do it! keep it up! 🔥🐉
I started stacking silver about a decade and I live on a fixed income. I hit my 1st 2 goals which were 100oz then 250oz. I wish I could stack faster but I'm grateful to have what I have. Good video.
i am glad to hear about young stackers still buying silver. when i started in 1967 as a kid i trapped muskrats and sold their fur to buy silver and gold coins. a lot cheaper back then. i am now over 10,000 ounces of silver.
nice man. my father and his friend did the same thing to aquire extra money. he didn't buy silver unfortunately but made decent money traping and hunting fur. I kinda do what you do. I obviously don't sell fur because it's just not worth it anymore but I sell my scrap metal and hit my local coin dealer. idk seems logical to me. trading steel in for silver basically
How do you store th that much?
10,000 😯 that's amazing 😍😍😍
@@maxcactus7 I have done the math. I have 1700 oz. But he said 10,000.
@@handduggraverdronline I too do scrap metal. I do steel short term for ounce by ounce and have been just stacking and holding the rest in my garage for when the price evens back out so I can buy a bunch of silver/gold with it 🙏 I love working with metal in general
As an impoverished teenager, I'll try my best. Only at 4 ounces right now, 2 more on the way. I buy as I can afford.
Don't you worry about amount.... It's not a race...... It's a marathon!! And you're young so plenty time for you to build nice one over time👍
Way to go buddy!! Keep doing your best
@@johndegroot1801 up to 7 ounces now
Small steps NEVER too small in time it builds .
I’m proud of you, my friend. I wish I’d had your maturity when I was a teen. Your six ounces is a great start. Many older Americans don’t even own the silver that you do. Keep going as you can!
I love this. Over the last few years I converted my USD savings (numbers on a computer screen) to physical silver. Still a savings account.
Recently we’ve had a some challenges and needed to draw on our savings. My wife’s company was sold and she and her whole team were laid off. I’ve had some medical issues and surgery, and that has reduced my income.
We’ve sold some possessions, but that takes time and effort.
We’ve also sold some of our gold and silver to cover the mortgage, food and fuel.
The metals were quick and easy to sell. And, with the recent increases in price, we got good value.
Gold and silver are real money. 👍
I purchased my first silver. I got a 5oz bar and 4 rounds, 9 total. I’m hoping to get some each month to build up my stack! I’m very new to this but I’m enjoying learning about it. Thanks for your videos, I’ve learned a lot so far
You're 9 ounces ahead of most people. You'll never regret the little sacrifices you make to get more.
Welcome to the REAL MONEY club!!👍🏻👍🏻
As a disabled veteran myself I use some of the WWP services. They have been providing me with therapeutic talk support which has been very helpful. Thank you very much for your content and for being so generous by putting on your auction to help us veterans especially the disabled ones🙏🏼🧘
Thank you for your service to the country.
Every ounce is solid insurance against paper and digital currency fraud. You have supported your country, now you are supporting your family. A noble goal.
I bought silver maples this year. What about silver eagles. Are rounds the best way
@@kimwurdeman7257 I have researched since 1996. It is now about survival. Assuming you survived the man made viruses they've thrown at us the poison in our food and soon (hopefully not)the hungry people who may want what you have. Just ask the people who survived Katrina! Food disappearing, water poisoned, chicken plants explode, eggs production down due to what's put in their food causing them not to lay eggs, food trains explode, dog and cat food, now tampered with for experimental sterilisation. A rich Mogul buying up midwest tillable acreage Put 2 and two together!
You can quote me on this; "Don't be lazy with your life, just think, what if they run out of gum balls?"
At the same time buying silver buy canned meat, veggies and fruit (best is bpa free, organic canned)and ANY pure, .999 silver 1 ounce rounds, 1 ounce bars, ( junk silver marked up not pretty and don't pay full price for junk). Remember the more you buy the better the price is on silver but one at a time is much better than none at a time!
To have is better than to want, one at a time or as many as you can. Everytime you go to The store, ask yourself, do I really need this? Than put that into silver.
The food will get you thru an initial disaster, the silver is silver and weather it's collectable or just .999 silver or junk, in bad times it's ALL worth the same when your hungry!
Silver is not tied to the dollar system, it's tied to use and that can be good. Our Buddy, Warren Buffett, lol, he bought $1 billion in silver but nothing in gold! Hope this helps! L
God bless you.
40 was also my opening goal after that was 100. Then 500, then 1000 and I am currently working toward 1500
Whats your address?
@@b.o.b3461 You'd also better ask him if he's a gun owner.
@@pouglwaw5932 i am an inanimate object
you will lose a lot of money than.
@@johanvanholland6074 I remember when silver was less than a dollar an ounce. What's spot on silver now?
I started by picking a dollar amount at first. I watched market prices and shopped around. If you can afford just one oz, then you can afford one oz more than you had before. Now it’s 10 or more at a time and I look forward to adding to my stack more than other things I would want to have or do and it’s grown exponentially. Learning patience gives you confidence and steady growth beats highs and lows. If you’re not adding to your stack, add education to your mind while you’re working on it.
I started stacking 2 months ago, analyzed all the possible places to buy silver in my area, choose the cheapest one, and bought silver regularly. I'm at 31 ounces and my first goal is 50 by the end of the year.
my goal was also 50, and over one weekend ended up with 60.. happy days🙂
@@angiehernandez5505 Good job . . . You took 1500 USD and converted into something that is a store of wealth . . . USD is NOT a store of wealth
Great job Martin. I am sure you will reach your goal.
Keep it up buddy
@@RiccardoPatrese4 oh yeah, in the end got more than 150, kinda got overboard hehe
1oz of Gold
120oz of Silver so far :)
Two months in!
add 2 oz platinum to that to round it out, nice work
@@PrimaryIgnitionplatinum is off though
@@ryantate6447 when it's historically low vs g and close to the cost to make an oz, it's opportunity to buy. I like stuff on sale and like long term prospects (ICE for RoW middle class and hydrogen catalyst)
@@ryantate6447What do you mean by off?
Nty@@PrimaryIgnition
I scrap aluminum and copper routinely and I've never thought to put the "fun" money into silver. Mind blown! Thanks for the idea!
How do you scrap?
Light metal for "Heavy Metal"
It's the way,,,
@@Xjicnejzlcowbxikvjeoalvphwvepv look up your local recycler in your area,
They buy scrap metal.
It's a commodity, it has value.
They turn it into useable items and resell it.
@Mike Fu smart bro 💯
I work at a school, so I keep all the aluminum cans and plastic bottles and buy silver with that.
My annual goal is 100 ozs of silver and 1 oz of gold a year, that's what I aim for every year, I just doubled my silver goal for the year and am working on doubling my gold goal for the year, it's fun and I really have been able to add to my stack with the lower spot price, 10 oz silver bars add up quickly and I average 25 ozs a month the last 3 months, keep stacking my fellow PM friends
💪😎
great stacking so far keep it up my friend 💪🏽🔥🐉
I agree. althow I try to put
Say 100 oz silver
2 oz gold
5k cash
5k bank
@@jamesgaudet9293 Your numbers are off. Too much in fiat money vs PM
@@dkhargroves Yes... makes no sense to have money in the bank these days
To the newbies, keep in mind S&H costs if ordering online. SD Bullion is free for orders over $200 so it's best to buy at least 10 rounds. Also, watch out for high premiums. When I started in 2015, premiums were pennies over spot. Now you're looking at $4+ which is crazy high. Buy the best deal for the buck and just keep stackin.
Same at Monument Metals.
My local dealer is 7 over spot ..🤬
Sales tax also. Here in Maryland, if I buy over $1000 per order, I avoid 6% sales tax.
@@paulhare662dude...I'm sorry you have to pay tax on your already taxed income currency just to get a different type of currency....
@@simplybeef8232 I have my ways of screwing the Govna, the sad thing is that those least able to afford doing so get to pay those taxes. I only mention the state tax rules as information for those starting out who are unaware.
I don't think it's the amount you NEED to own but that you should own it. My silver and gold stack together is worth in the five-figures (but just barely) but the point is that I NEVER would have saved anything at all or very little if it wasn't for stacking. Stacking PM's actually made saving fun for me.
Why we "should" stack silvers? Please explain.
@@002starboy ???
PM’s?
@@fontane007, precious metals
I agree that for people like me who like to spend, buying assets like this is a way to “save” via “spending.”
I had the exact same strategy when I first started stacking. I was so motivated to start stacking, but had very little money. I was awakened to precious metals, which led to an awakening to personal finance in general. To date my stack has grown tremendously, as has my financial life in general.
Glad to hear that you will be donating to charity. I have about 20 ounces today and don’t plan on stopping
I started stacking a little over a year ago as a novice and instinctively began with 40 rounds. After flying "blind" I found your site and was really educated about silver. Thank you for providing such a great service!
According to a lady in Texas, the minimum is 900,000.
First of all, I really respect your grind! Collecting cans to get silver is a honorable and honest grind. Exchanging one metal for another just seems right. I salute you. Secondly, I believe in partime goals. 40oz is a great first step. I started with the goal of 100oz/year. In retrospective, I think that was a bit of a stretch when living paycheck to paycheck. Now I go for consistant buying, a little bit every month adds up. Some months more, some months less, as long as you get it you’re good. Thanks Dragon. Keep on keeping on!
I started stacking 8 months ago. I had a goal set to 40oz now as of today I'm in the high 50s with more coming that will put me to 60+oz of silver. I also have gold too.
I have been buying and selling silver for decades. I bought a couple of 100 ounce bars when the Hunt brothers were cornering the silver market in the 80’s. I made a tidy profit from those. My timing hasn’t always been so good. My father got me into numismatics when I was eight years old in 1964. That was the last year that the mints made 90% silver coins. We hit the banks and got several rolls of silver quarters, dimes and halves. I still have a few rolls of those uncirculated Kennedy halves.
I wonder how many people did that back in 1964, going to banks and buying rolls of silver coins.
@@lamarravery4094 Quite a few I would imagine. Now that I think about it, that may be what got my dad interested in coin collecting. He had a lawyer friend who had a coin shop downtown who probably persuaded my dad to hit the banks. I’m so glad he did. Another friend was President of his bank and helped facilitate us getting the rolls. Of course you always wish he could have bought more, but money was tight for our family in those days.
Same here, when prices we're reasonable with no high premiums especially on uncirculated Morgan and Peace dollars.
I've advised several friends when starting out to get a roll of pre-65 dimes and a tube of ASEs. I like this solid base to build upon because each is widely recognized and would be the first silver items mainstream America would feel comfortable dealing with. However, with the crazy high premiums of ASEs, I'd change out the buffalo rounds for the ASEs nowadays. Whatever the initial goal is, it is very important to have one! Just make it something able to be achieved with some effort and not overwhelming.
yes buffalo rounds a great way to start stacking! 🔥🐉
just to clarify, you are switching to the buffaloes from the ase's because of the premiums?
@@josephdillon5203 Yes. Most likely even beginners would balk at paying more than $10 more per oz for the ASEs… even though I’d rather have the ASEs.
You're right . There's nothing wrong with clearly marked silver round coins. Beautiful, solid, real money.
I started my silver stacking with a sealed tube of 2022 Ase's not knowing anything about premiums. No regrets though. Ill be buying a tube of ASE's once per year as long as they make em
I live in the uk and i either gotta pay 20% tax on silver and platinum or risk getting fakes. I’m pretty much only buying gold rn, i like the 1 ounce and 20 gram bars from the royal mint. Couple fun designs.
I started a lil less then a month ago and I’ve now stacked 66oz!! For me that’s awesome! My goal is to have 500oz of silver and at least a half ounce of gold in my first year of stacking. I’m hoping to exceed that but that’s my minimum goal.
that is truly awesome keep it up! you can do it! 🔥🐉
Go with 1oz of gold bro. You'll be better off. Even if you have to lower the silver amount a little.
@Sonny Anaya That's a great goal to have! 500oz of silver imo is really a very substantial stack. Sure there are people out there who have thousands of ounces, but for most of us I think 500oz is a real milestone and I consider that to be the number that probably puts you ahead of the average stacker.
@@SlingshotMustang I met that goal. But... if it's on sale. I get some more.
Awesome. For some of us when we start stacking it can become addictive- I started at a 50 oz goal and ended up with over 100 oz in one year. Now is a good time to buy, but I’ve slowed down a bit because of personal financial situations. But I still make a point to at least get 10 oz a month if at all possible. Save it save it save it and it’ll be well worth it down the road!
6:02 This is a GREAT POINT! It discourages you from wasting money held in local currency.
I think 40 ounces is a nice starting point. Once you get there you can think about what your goals are and what you want to accomplish by buying silver. Also, you can start thinking about gold. Thanks, SD!
yes indeed and thanks for watching my friend! 🔥🐉
If I only had enough money for one or the other, I would keep some cash and buy half silver. That way I have an emergency fund and some silver.
I wish I had started in the 90s when it was $5 an ounce. Better late than never and I'm buying metals now but back then, it just never occurred to me. I was just concerned about collecting a paycheck and supporting my family when I was young and in those days, I didn't make a lot of money. It was paycheck to paycheck and quite often it was a struggle making it to the next payday.
One thing I've learned about buying metals is that you don't have the temptation to spend like you do when you look at the amount of money that's in your bank account. With metals, I just sort of buy it and forget about it.
I started with a tube of 20 of ASE in 2014,purchased 5-10 very month. Stopped buying ASE when premiums got high 320oz the rest are Silver rounds. Have 4 more empty tubes to fill and I will have 500 oz a monster box 📦 😀 🐌 and steady wins the race 🏁 🤑🤑🤑.
I have about 15-20 ounces of titanium and cobalt-chromium in my right knee, which is for extreme emergencies only.
been stacking since I was 20..now 45. 57 oz of gold and 557 oz of silver
Started buying silver in 2018 and sitting on around 400oz
Lately added Some gold cause diversification is key.
All amounts are Good, Never feel "late to the party" . 1oz in 1oz more than 98% of citizen's holdings
I watched a youtube video and the guy dug really deep into silver. He said that if you have 42 to 102 ounces, you're in the top 20% of all silver stackers. That percent does not include companies or corporations, only private individuals. Anything above 102 ounces, puts you in the top 10%.
The Bald guy, lol 😅
I saw the same video,415 ozs outs you in the top 1%😃
Don't put too much credit into those ideas. There is absolutely NO WAY Rafi can support that information. My best guess is that 102 oz would probably be below 90%, as most
@@HappyBuddhaBoyd After I thought about it, I agree with you.
@@HappyBuddhaBoyd I think you, too, misunderstood his calculations. He was not limiting the statistics to stackers, but ALL people.
I bought my son two ounces in bars for Christmas. He has a total of 3 ounces in silver plus a 1/4 of gold coin. He is 14 and I am trying to help him understand the importance of silver and gold. Great videos. I like your coin shop visits.
I started stacking silver 11 months ago and my goal was to fill 2 60-coin cases, one for coins and one for rounds. I filled my coin case and am very close to filling the rounds case. I also bought some bars so I am over my goal of 120 oz. I'm very proud of myself and my new goal is 500 oz. I've also decided to give silver coins as gifts for my grandkids. Hopefully they catch the silver stacking bug!
In 6 years I hit 3,550 Troy ounces .. My best buys were 100 oz bars. In 2 months I made a total profit of over $1,000 between those 2 bars. Right now tubes of sovereign Austrian Philharmonics are cheaper than generic Buffaloes! Keep on stacking
The amount of silver one “needs“ is entirely dependant on one's means. It's different for everyone.
So true. Do not buy silver or gold if you are paycheck to paycheck or in lot of debt.
40oz to freedom has new meaning! Love it!
Thank you for this, I’ve been looking into buying silver and this helped a lot. I needed a way to structure it in my head. Make a game plan and I didn’t realize that what was stopping me was that I didn’t know what to set my goals too. 40oz, another 40 after that, then set my own. Telling my wife that my first goal is about 1000 dollars in silver might give her a heart attack though.
The short that teased the 40 minimum per person got me here. Nice work. Good content as always.
I think 40 oz is a very reasonable target to achieve initially. It doesn’t put too much pressure on someone, and forces you to save up for it (assuming you have a source of income already). I think aiming too high can cause all sorts or problems, especially for the middle and lower income persons, and you don’t want to be cash poor, even if inflation is on the rise. Cash is still relevant and necessary. But having a little bit of precious metal can at least offset some of that weakening dollar in the future.
Great video!
Any bit of preparedness is invaluable
I would like to start to accumulate silver coins, but I'm not sure if gold coins are a better value. Which would be easier to sell in tome of need? Which has more increased value? Thanks
Started off with 10 oz in 2019. After listening to hundreds of vids just like this one, my understanding is that you need to be able to cover what you need, if cash simply disappears. Use today's spot prices and equate that to how much you need to cover 1 months expenses. Then try and reach 3 months. Then 6 months. Then 9 months. Ultimately, for someone who wants to 'be their own bank', after it all comes crashing down and we are burning our old fiat currency for warmth *Weimar v2.0* I'd recommend 1000oz silver, per person in your home, for long-term SHTF scenario.
In that case 9/10ths of the population will die, if not more, probably 99.5%.
If that happens, you'll need more than silver.
@@Brian-dh9lp he will need 9mm, or preferably 5.56 x 27mm of democracy to cover.
Realistically there is no long term shtf. The real threat to society is war. In which you will either be fighting or fleeing for a few years then back to normal (but worse).
I remember you collecting beverage cans for their deposits when you started. Brings back memories. I did the same thing buying silver with the proceeds.
I’m going to have my students doing that this year as part of my after school investment club.
Thanks for the informative video. I'm 17 and just bought my first kilo of silver and I can't wait to get the next
I read somewhere that a good amount of silver to stack for "just in case" is 200oz per person in your household/family and 50oz per animal. I think that is a really good foundation.
You trying to bleed me dry!! 😂
Just bought 48 buffalo today, and 120 last week. Another 144 to go to finish my goal of 500 1oz rounds. Finished my goals of $500 face in dollars, halves, quarters, and dimes (1x .30 cal ammo can each). Next comes barstock of 1K each in 10 and 100 oz bars.
Bought my first OZ in 2004, now my teenage kids stack too, makes me happy👍🏼👍🏼
Smart kids.
I never had a staring point but gradually got to 100 ounces and I thought I was doing good and then I saw all these postings and conversations on the Facebook Precious metal groups, I never thought I’d see 500 ounces but after I got that I had my eyes set for 1000!
Got 80oz this month. I'm just starting. Got another 80oz coming in soon. 160oz should be a good start for 16 ten-oz bars of .999 silver. Wish I got 10oz each week in the last 20yrs. Very late start. Better than letting it sit in the bank and lose.
Top 1% of stackers have 500 oz.. Top 10% have 50 oz. I started 4 years ago with no goals. Been moving money into silver as it comes availablle. So far, I am up to 1300 oz silver, and 3 oz of fractional gold. Also keep cash in hand in case shtf.
I think to be safe, stackers should have 1000 oz silver and 1 oz of gold.
What motivates me is just hearing the sound of silver. Nothing like it. ❤
The one thing I did wrong IMHO, was buying mostly Libertys. I could have gotten much more silver in the way of oz if I would have bought bars only. My thinking on the Libertys was I couldn't be taxed. But the premiums was so much more. I have now shifted into buying 10 oz bars.
So I am still learning.
Been stacking since 2015 I am somewhere around 2400 Oz of silver and 10 Oz gold. I am 1000% convinced we will need to be into metals when we go full hyperinflation which I believe starts this year
Dude you are ready for fire works. Enjoy.
I've been at it since 2008. I don't have enough gold to even mention it, but I have around 4k oz. of silver. In the event of hyperinflation, AU & AG will be extremely powerful.
@@Mike.L. don't forget about copper (bronze) the big 3 of money metals since the beginning of time.
@@Mike.L. that's a very solid stack. Good job
@@andyu5596 Thank you. Lots of sacrifice and mistakes along the way.
I think a good start is one coin because it puts a real and tangible piece of silver into the hands of the person who's getting started. Perhaps it can be called the trial purchase with a purchase one or four somewhere around $100 worth maybe. But getting that first chunk is what I did and I slowly been building it since.
I cannot wait for the charity auction!! Y’all are simply amazing contributing to an awesome cause! Thank you SD & Yankee!
Nice video! Yes everyone should have some silver. I buy silver not for selling back to coin shop, but for bartering when fiat money goes to ZERO (toilet paper) as it always does. At least silver will preserve your buying power and you can barter your silver coins for goods, even when there is no functioning money system. My goal is not in concrete number of siler coins, but 20% of my net worth in silver coins. I feel 20% is bare minimum given that we are facing huge inflation surge ahead thanks to FED money printing and government debt/spending going out of control.
I’ve been stacking since my early 20s and now I have around 6500 ounces. I will turn 60 on my next Birthday.
Wish I'd have done that too! Nice!
299.000 in Nz right now 😂
That is insane. Like 400lbs.
I started with 3 Oz silver when I was in naturopathic college, it’s all I could afford, once out of school, got a job and started purchasing more over the years, then I opened my own health food store and I just continued buying…..so I’ve been buying for about 18 years now…..I have lots!
Purchasing Silver & Gold is a store of wealth. If you had $35 this time last year, your $35.00 today lost purchasing power because of inflation . . . If you bought a 1oz Silver bar or coin last year you would have paid less because inflation was not at a level that it today . . . Precious Metals is NOT an investment - PM do NOT pay dividends . . Precious Metals is a store of wealth . . . If everybody here can grasp this concept and hold near & dear to your heart - you will have set yourself on a road to survival . . . Set a goal . . Stay focused . . Baby Steps . . .1 step at a time . . . You can only eat an elephant 1 bite at a time . . . Be well . . . Be Safe . . . Be Happy . . . 01.07.2023
I also sold scrap metal to buy silver . I never used any money from the home budget. All side work and scrap metal was all I used. Over time, i managed to get a little gold. I like the 40 oz. starting point. Great video .
Anything worth having is worth working for.
My starting goal was to stack as much as my budget would allow, and to not lose sight of that goal. I’ve been at it for about three years now and I have managed to put away ~300 oz of bullion, and ~200$ face in constitutional. Plus 1.25 oz gold. Some months I buy a single round, some months I buy a tube or bar. Slow and steady, buy what you can afford.
I’m new to this sorry. What’s constitutional?
@@csttornado3965 u.s. coins before 1965 are 90% silver. Some people call it junk silver, but i prefer constitutional because hey, silver is silver.
@@bobfisterburger1085 thanks for the help! I just started investing!
I love your channel and I used to watch a lot of Dave Ramsey as well. I followed a lot of his principles to get debt-free but I don't agree with the $1,000 thing. Years ago when he first started getting popular $1,000 was worth a lot more then it is today. A car repair could easily cost more than that. I multiplied my emergency fund by 10 times that amount. Also I'm 51 years old and just started stacking silver yesterday. I have a nice mix of junk silver and maple leaves and silver eagles and even a Chinese panda bear coin. Looking forward to heading up my local coin shop a couple of times a week now!
I found this to be a worthwhile video, thank you! You’ve personalized silver by sharing your thought process. I’ve looked at various PM online sales sites and watched a few UA-cam videos on the topic. It’s a bit daunting to dip your toes into a whole new market. 😳 Decades ago, the “financial advice” was to hold 10% of your investment portfolio in PM simply as a “hedge”. Well, times have changed! Happy to have found out about silver rounds and hey, 1/4 oz gold. I found a comfortable number for me and placed my order. Btw, I believe our first investments right now should be shelf-stable foods and drinking water, followed by alternate heat & cooking sources in case the lights go out. Looking forward to continued stacking!
I don't have a goal but I very much enjoy adding to my stack every couple weeks or so. I like spending money and saving it, when I spend it on silver I get to keep it too. I also am quite fond of 90% but premiums are high.
Yes, the high premiums on au Morgans are driving me toward rounds.
I like to think that an ounce of silver can equate to 1 hour of skilled labor. Most trades, plumbing, electrical, masonry, seem to offer around $20-$30 per hour. About the same as silver has fluctuated in recent years.
The 40 oz goal is a great start as this can also be a payment for a skilled workers labor for an entire week.
Throughout history, the value of a day's labor has been the amount of silver in a silver dime. Who knows, silver might actually be that valuable again.
I AM A LICENSED UNION MASTER PLUMBER. I DO STATE AND FEDERAL RATE JOBS WITH MEGA OVERTIME. 65-72 HOURS WEEKLY. NOT BRAGGING MY HOURLY WAGE IS 148.00 DOLLARS AN HOUR. WITH FANTASTIC BENEFITS.
I’m pushing for 100 oz of silver this year. Would like to have bought a 10 oz bar every four weeks, but we’re nearly the end of March and I have not gotten a single one yet. I think between the end of the year, sticking to that schedule, and buying a silver round here or there during the week, I can still attain that goal.
I started 2 months ago and went at it a little too obsessively. I have 285oz now and trying to pause. Aiming to end the year with 300oz. Next goal is to reach 500oz.
I'm in the same boat. More addictive than I thought it'd be.......ha
I might have 47 oz some coins are not full oz
Similar for me, started is early march. At about 220oz of silver, 2.5oz gold and 4oz platinum
How rich are you people?!
@@muscleandmath2910 well for me part of it was just moving a little savings over to metals, and another part is I don’t have many hobbies anymore. I used to ride dirt bikes (sold 2 recently), golf (don’t really golf anymore), don’t go out drinking. Basically if I’m not at work, The only hobby I focus on these days is photography. So I’ve had a little extra to put into PMs this year -Luis I wanted to “catch up” a bit lol
Good Video. 1:50 Here in germany nobody would touch silver ounces barehanded:D
Buffalos and Eagles are expensive here in relation to stuff from the perth mint ore royal mint.
I stack mostly kilo silver coins and 10 ounce silver coins
Just did a count on my stack, and between junk, rounds, and bars, I'm at over 300 Ozt, excluding numismatics. I'm also fortunate to have my partner in the US (I'm Canadian), so I have a silver stack in both countries.
Hey SD! It's now 2024 and I just watched this vid after your "Bullion Dealer Warns About Silver Price and Availability".
As Harry mentioned, since many stackers want sovereign coins, if I was starting out now, I would (and did) stack Silver Maples first because they're recognized and accepted the world over. So if something awful happens as or after you've started stacking, you'll have a coin that's easy to sell, if necessary. Also since SM tubes are 25, your goal automatically gets a bit bigger, with a familiar number (50) but still small enough not to overwhelm you. For me, other than a treat (maybe once a year) like The Raven, Freedom Girl, 2024 Lunar Year of the Dragon High Relief, Aztec Calendar, Chinese Square Hole, First Bank Notes and the Molon Labe series, I stack Maples.
I got a tube of Roos - 25oz
2x 1kg silver bars
2x 1oz gold
Getting there :)
New to stacking myself. Started when I turned 55 back in October of this year. Currently at 34oz and counting.
I started stacking with my first purchase of 70 ounces on 4-30-22 when silver spot broke $23.00 per ounce. Since than have acquired 800 total ounces with spot prices as low as $18.15.
My goal is 1000 ounces by end of year that try to acquire 10 ounces of gold in 2023.
Are you with a dealer selling at spot?
No. He is $3.75 to $4.25 over spot depending how much you purchase.
I have Silverexia! I can't get enough. I started with a first buy of 7 oz. Held it in my hand and was in Love. I found my calling. I Love silver. I'm all in. Back up the truck. Within 3 months of breaking my silver cherry I have 1776 oz. I'm obsessed. All I can think about is how to make more paper to buy more silver.
Make sure you are buying 90% silver as well.
Another great video, per normal! As a Vet just wanted to throw this out there, Wounded Warriors a few years ago was stealing money from donations. A lot of my buddies informed me that they didn't receive certain items due to Wounded Warriors not having the funds. Later on, there was an investigation and found out that the company was stealing. So please be careful out there. I do thank you though for the thought. I conducted four tours overseas and lost a lot of great buddies.
I know that no organization is perfect but never the less we will still be donating to them as I feel it is a good cause 👍🏽 thank you for your service! 🔥🐉
Leadership changed.
Thats horrible to hear. I was donating to wounded warriors for years, recently stopped when got new card, been meaning to up date and start again. As a vet who would you recommend then?
@@steveib8118 Honestly, I would go around trying to find vets to help out. There are a ton of them out there that struggle daily. I almost went down a dark path, but was saved. Just do your research on others that you might feel is the right place for you.
@@SilverDragons47 No I completely understand. I really thank you!! Just hate to see people being used or anything. Thanks again. Love your videos.
I'm 56 and I just started last week. Now gathering up my funds to make my first purchase. I'm planning to purchase some silver eagles. All these are new and exciting stuff to me...
Buffalos are the best if you are going for quantity.Eagles are only good if you are buying collectibles. Silver Dragons just said that. Don't buy the hype on Eagles.Quantity over so called "quality" of Eagles. You can buy 6 Buffalos for every 5 eagles.If silver goes to $100 an ounce, you will be $100 ahead with Buffalos.The extra you'd get back for your Eagles will be the same as you paid for them, if you are lucky.
My goal for the last 3 years is 555 ounces of silver. 500 ounces for me and 55 ounces for Jesus. I'm at 435 ounces and will add about 50 more this month. I'm getting close to my goal and plan to sit back for a while and watch silver rise.
Does Jesus know where his is? 🤣.... kidding. You go!
You stick with it James. It will pay off. My 4th great grandfather was named James Baldwin.
I hope you don't give that silver to Jesus. Jesus doesn't need money
Humm.
I hope you mean "Donate to Charity", like feed the hungry, etc. Jesus told me that he never accepted "Money" from his followers.
Yes. Stacking is the best savings tool I've ever found. ❤ I have instead of needing.
It's good advice. I don't know that I would spend a lot of time referencing Dave Ramsey, since he's 100% against purchasing any Gold or Silver, but I get the point you were making. I do think 40 ounces is a good initial goal, especially if you're funds are pretty sparse. Increasingly, I think 3 to 6 months worth of living expenses is a minimum everyone should think about having in Silver, in Gold, and also in physical cash. Increasingly, I'm of the mind that people might want to start thinking about having multiple years worth of living expenses, specifically in Silver & Gold. I say this only because the plans that the elites have for our future are becoming a lot more clear, and it's pretty frightening. It's going to take a lot of cooperation with others and a stout heart to stay ahead of what's coming. Keep up the good work!
You're right. The plans to bankrupt middle class America are pure evil. A box of silver and a shotgun make a lot of sense.
I've been watching for while now and came across this older video and had to comment because when I originally saw this video I literally just started stacking and had a couple 1 oz rounds and some random pre 1964 coins and that's it. I then set this exact goal of getting 40 1 oz coins and now, about a 5-6 months later I'm approaching the 50-60 mark and I did it by going to my local coin shop and buying 2-3 rounds a week and also ingot a change jar that when it gets full I take it to my bank to cash it in and then I spend it all on silver rounds...
Keep stacking ladies and gents...
Finally picked up my 1000 OZ! $29k Canadian shipped. Picking up 200 rounds next week. Been a long time waiting, leaving equities at the top in 2021 and riding out this long correction.
We followed the Ramsey Baby Steps to get our finances under control. Very familiar with his $1K emergency fund concept. Anyway, we finally have achieved the point where we have no debt, paid off mortgage, a very healthy emergency fund in a savings account and are maxing out on our 401Ks in addition to allocating a decent amount into a brokerage account. So, it is for the reason of diversity of investments I come to consider silver stacking. Plans always change but I have my first order of silver rounds headed my way and as of now I'm thinking about purchasing 10oz per month. I have set my first goal at 100oz by the end of December. I really appreciate your channel SD.
Hi dragons, I think that you should have at least 500 ounces of silver to be secure. That's only my opinion. Great video. Stay strong 💪
Been a silver fan for 40 years made first significant purchase Feb 2020 now I just work 5 hrs overtime a week and buy silver with with that, small purchases often will add up quickly
My problem is, the more I have, the less I feel like I have and I want more. For me, I guess there really isn't a number other than "more".
I usually buy about 10 oz per month. Some months more and some less, but I buy every time I get paid
Slow and steady 👍
I got it in my head that 500 oz of silver was the big goal. I reached 541 and switched to gold. I'm only at 9 oz of gold. 20 oz is my goal on the gold. So 500 oz of silver and 20 oz of gold is my minimum.
Subscribe to roadtoroota channel. Listen for a few days. You may change your mind on owning so much gold over silver. He has done a ton of research.
Platinum
Yeah, that stuff is heavy.
@@damoney2009ify I have been thinking about platinum coins. Not as high as gold but alot more then silver.
@@johninphx9360 platinum is more undervalued than silver just a thought tho but can't go wrong with gold.
My first goal was 10oz. that went to 100 oz then 1000 oz then 2000 oz and I stopped at 1400 oz before reaching my last goal when I realized silver was not holding up to inflation at all. It has been flat for like 3 years, thus loosking like 10-15% per year while inflation is destroying our buying power. Been buying mostly gold for the last 2 years. I am keeping the silver in case it eventually catches up but I am not holding my breath. When I reach my goal for gold, I am thinking about getting into bitcoin. I already have some bitcoin but it's not a lot compared to my precious metal stack.
From the movie Far and Away. People were paid 4 dollars for a minimum pay job for a month in the late 19th Century. Since the dollar was about .77 oz. of silver back then, that means that they were paid around 3 ounces of silver a month. Now, to be safe, just assume 10 oz. of silver a month as a minimum to be safe. This means that 40 oz. of silver would get you by for 4 months. It is recommended that you have at least one year reserve; thus, it is best to have a minimum of 120 oz. silver to get you, and yours, by for a year. IMHO. :)
That's a very good analysis. I have read stories where in Venezuela, people could buy a month worth of groceries for a month with one ounce of silver. We have got to stop comparing metals to debt based currencies.
Its amazing how many videos you can make about something so extremely simple in concept.
Most financial advisors say have 3 to 6 months of routine expenses saved (including mortgage or rent, utilities, car payments, etc.)
The more I’m studying, and reading about the horrors of this recession, the more I’m thinking, an additional 2-3 months in sliver & gold is not a bad plan either. That’s 5-9 months of resources.
I literally just started stacking, and made a rookie mistake in terms of premiums (silver American eagles) but my goal is 2000 oz. over the next four to five years.
Great video. I finally set some goals for me. Cause I am all over the place. I find it hard to go find a local place I trust and don't want to take the chance of being followed. So I buy from one place . High premiums ( using debit card, shipping, and of course I only buy one ounce at a time. I suck at saving money). I'm happy have things I find interesting. I have enough for sure.
I just recently started stacking. My goal is to have 100 oz by the end of this year. I am about a third of the way there now.
Well over my goal now. 😃
Funny you bring up Dave! Injust started the baby steps and asked one of his advisors about having my emergency fund as precious metals, their only concern was the liquidity of it.
This is insane! I literally just started stacking silver, started off by ordering eight 5 oz bars of the exact same 10 oz bar you have because the price per ounce above spot price was cheaper when I bought two 5 oz bars as opposed to 110 oz bar, and then yesterday I went out and purchased 20 1 oz 2023 buffalo silver rounds! I literally just got my 8 5 oz silver bars with the American flag stand final today by UPS! Furthermore, I plan on investing in another 40 oz in the next couple of weeks. It's almost like there is something in our DNA that gravitates us towards precious metals when we know our Fiat is in trouble. If you look back throughout all Fiat currencies that have gone dead, precious metals were the only bartering chip afterwards.
Just started stacking properly last week. I'm expanding on all the gold sovereigns my grandad bought for me when I was young. Currently only focusing on silver.
I got about 80 oz of silver after 3 years of stacking , I say (about) because I have 5 coins that are 90% . I feel like I'll stop at 150 oz and from there try to stack 40oz of gold buying 4oz per year for 10 years, gonna be hard but that's the goal. I have some gold but I won't say how much, IRS may be watching 😂
I'm also a disabled veteran so thanks for your contribution to the wounded warrior project. 🙏
I started a few years ago. I started just buying cool looking silver coins and buying random rounds and 2 ounce coins. Worth more if I sell them as collector pieces.
Just started collecting this year in April when I was blessed with some inheritance. I was able to purchase 836OZ of silver and 15OZ of gold so far over the past 5 months. I feel very happy and safe with this way of preserving my self-proclaimed wealth lol. I feel I have a pretty good head start now.
You know Im going though this right now. Was it hard to get that much gold? Did you get a very good deal? Did you use a local guy or a online? Also what is your ideas on storage? Any advice on buying that much would be helpful.
@@joju4072 I had no issues at all getting that much gold. I bought some online, some through the bank and then some at a local coin shop. I used them against eachother for price matching lol. Free delivery was nice also. Bank sure got pissy when I pulled out and transfered money to buy these metals from a source that wasn't them. Storage wise. I have most of it stored in safety deposit box at bank which is nice cause it's none of their business what is in there. I have some stored at home in the safe. They are in monster boxes with those little silica bags to keep moisture out. Also have some on display which are toning very nicely due to our weather here in canada
@@canadagoldandsilvercollect9882
Wise man... Thanks for the tips, glad they got pissy, Strongarming should be shameful. Enjoy the rest of your summer.
@@canadagoldandsilvercollect9882 ....Safety Deposit Box is a bad idea. The first thing the bank will do in a crisis is close. You won't have access to the PM. Keep it in the home safe, it's worth it.
@@canadagoldandsilvercollect9882 saving it at the bank is dangerous, research bail in laws
Got an amazing deal on silver buffalos on SD. Bought two tubes and was blown away by how such a simple design looked far better than some complicated coins with many security features