Should you stack Silver and Gold for your Pension & Retirement?
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- Опубліковано 17 вер 2024
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I have been retired for 18 years and am still stacking. I bought a 1/4 ounce of gold and 13 ounces of silver today. The gold, (a 1991 Canadian proof $100 coin), was 1 1/2% below spot and the silver, (various vintage rounds), 9% over spot. Defined benefit pensions were readily available for my generation, so stacking is for fun. You are wise to prepare for retirement because it sneaks up on you very quickly. If fiat does crash, and that's a big if, then our PM's will become currency, at least for a while. So few of your generation are even giving it a second thought.
I will be doing a follow up video at some point about continuing to stack into your pension and beyond. It is very interesting!
I do, I don't think Social Security or my 401K will be there when I retire. Always good to have a backup plan for the backup plan. Keep doing what you do!!!!
Good to hear you have similar plans to me! I think social security will not be an option. It will be more like pocket change.
Backyard Bullion AGREED!!! Social security in the US is the biggest ponzi scheme EVER!!!😂😂😂
I actually had a Roth IRA disappear. It was with ING. I temporarily stopped adding to it in 2008. Then, ING got bought by Capital One, so when I contacted them to restart contributions - they had no record of it. Same thing happened with a small brokerage account I had with capitaloneinvesting. They sold it to ETrade and my 5 measily shares of Microsoft have disappeared. So, I have ZERO confidence in the banking system.
SS is the only thing that holds this country together. I have more faith that it will be there than my 401k.
anything you can do to pad your retirement is a great idea!
I agree 100%
Im 23 and im already stacking for my retirement hahaha
That is a really good thing!
Doing about 20oz - 30oz a month atm
And im about to buy a house do you think i should cut back and pay more off the house or is that steady ?
Matt Campbell I’m 25 and I’m doing the same
Im doing the same and im 14
I’m 26
I wish I had started stacking a long time ago. I'm already retired and buying PM's with my pension, I'm also 70 years old! Love your videos! Thank You
It is good to do it now - preserve that wealth for the future of your retirement - if you live to 100 you will be golden in more ways than one!
Its generational wealth too. Very smart thing you are doing. Dont forget to enjoy yourself
Very sensible and inspiring. I have been stacking silver for many years. I liquidated my gold a few years ago. To my mind the future is in silver, and yes, it's to fund my retirement. Thank you for another excellent video.
Thanks for stopping by - appreciate the feedback and insight!
I have spread my retirement assets over different levels of risk: Private employer defined pension (equities/bonds), fully collateralized “hard money lending” to multi-family property investor, gold and silver PMs (negligible numismatics), and finally a tiny, tiny bit in equities.
A good way to do it - thanks for the insight!
Listening, learning, and enjoying. I've been away for awhile so I'm binge-watching your channel. Only comments at the moment are 'yes' to further discussion and 'thanks' for the capsule sticker idea... I won't embarrass myself with details but this tip is going to free up a lot of space ✔.
Thanks for watching! Glad the sticker idea helped, I find it a lot easier at a glance to know what and where things came from!
Even if nothing major blows up, the US government unfortunately must and WILL keep moving the retirement goalposts on us.
I’m 52, and I don’t count on retiring in my 60s (and neither should most of your subscribers)!
Well - as much as we moan and groan about the moving of the goalposts it is a necessity. Without moving them it would just collapse entirely. Then there would be nothing for anyone.
Dave C. That's why I have been griping at my mom to retire (she's almost 63). Uncle Sam is shafting me each paycheck for social security, so she might as well get some of that while she can 😃
Backyard Bullion True, but it’s going to eventually collapse anyway.
A bit like the UK.
A very down to Earth video.All great points. I could not of said it better myself..A BIG well done..
Thanks very much for the feedback! Appreciate it!
BB very nice coins , your not going to believe how fast 20 years goes by.
I bought 6 rolls of silver eagles from HSN back in 1998 and but them away.
Now they have almost tripled in price.
I couldn't believe that 20 years past so fast so its best we live it up now cause we know not what the future holds.
Time flies very quickly!
I paid $9.50 coin or $197.00 a roll
S&P 500 wouldve 8x
Yes it's definitely good to have a lot of eggs in one basket...as far as the stack goes....I think of it as a back up plan...I'm only 4 to 5 years from retirement...I've done my math, we are basically debt free...house paid off..few yrs ago. And putting extra now in the IRA ect...But you just never know what can come down the Pike??? So that's why the stack is there...would love to pass it all down...but if we have to use half or even more to have a decent retirement, it's there!:))) Good stuff BYB!:)))
It is a great situation to Benin, debt free. Plan for the future and you will be good! Thanks for stopping byN
Great video. I stack as a additional bonus for my retirement, I'm more collector than stacker. If my plan works fine I will not need my gold and silver, but it's still a long time and you can never know what will happen in the future.
Thanks Andre, it is a good way to collect, enjoy and save for retirement!
if i did not stack i would have nothing at retirement 47 years old and stacking hard 3or4 years now
I doubt I'll live long enough to retire, but when I kick the bucket, my wife and/ or kids will make out like a bandit inheriting my IRA, my 401k, my pension, and my stack. At least a loved one will benefit from the fruits of my labor.
This is a very good reason to save for the future!
Some great points, as well as saving for the future I just get so much joy from owning some of my coins, I do worry when it comes time to start selling I may struggle to let them go. I need to buy things I'm not going to become attached to.
Great video
The joy of owning is great for me too - but saving for the future makes more sense for meN
A nice insight on retirement savings and enjoy your videos!
Thank! Glad you enjoyed!
Retirement? Depends on how much you will need as monthly Proceeds From Sale and the sales price per ounce at that point in time. One will need a stack in the thousands to sell at $25 plus. Selling 6,000 oz x $25 = $150,000 that’s about 8 years at $1,500 per month. Again the big unknown is the sales price at that point in time. We all hope for $40 to $60 per oz at that point in time which would be amazing to cash-in.
You raise good points - this is why gold and silver should be a small part of that retirement pot.
Makes sence to have them sort of plans in place my friend I think everyone should have plans like it 👍
Thanks fella!
Numismatics hold most of their worth during good times and will be worth closer to the cost of the metal itself during truly bad times. Keep that in mind.
Yes, but knowing what is the best numismatic to get is hard to do, some are flops!
Yes sir backyard bullion You just Summed It all up right there #Nice coins#keepStacking
Thanks Billy!
Good video brother thanks for sharing.
Thanks! Glad you enjoyed!
I've got 15 years left till I retire..,. Should manage to save a lot... Loving it
I have just started buying gold and have a long way to go! I have a nice amount of silver!
Good to hear - gold is slow and steady, you probably have it the better way around at the moment!
Another fantastic video. Thanks again!
My pleasure!
Interesting video. The cgt eligible coins are key I think.. if a sale profit is made no tax is a huge benefit 👍🏼
This is so important when stacking for 30+ years time!
Hello Backyard Bullion... I have only just started stacking/collecting for my retirement. I have my own home based business in the field of art, but throughout the years was never able to start a retirement fund.... I hope to continue working for a long time yet... I am nearly 73 now...
If your job is not feeligike a job is it really a job ?
Well... I see your point... yes, I gave up a 9 to 5 secure job with a pension plan and other benefits in 1990, in order to create beautiful art. It was a huge financial sacrifice that left me in this position with no retirement funds. I don't regret it for a moment though as I do enjoy creating and have a peace of mind that I never had before. I do get a Canadian Old Age Security Pension but it is hardly enough to live on even though I have a paid-for home. Still... I am excited about my new venture in acquiring silver and gold... Hopefully I will never have to sell it. I plan to keep creating until I drop.
I have a house, pensions, regular savings, an ISA, and I've just started investing in bullion. That said, I'm currently opting to invest with the Royal Mint via their online Signature service. I've got ounces of metals at virtually spot price which I can sell back at any time by logging in and hitting a button. I may purchase some actual coinage (the remaining Queen's Beasts are a possibility) but like you I would be looking to offload them once they reach a certain value, with the funds potentially purchasing gold or silver via Signature. Incidentally, you can purchase gold from the Royal Mint with funds from your SIPP and potentially benefit from tax relief.
You can make a living singing Wham songs~ hehe
I am not George Michael!
Stack it because it's easy. We just did a video about finding pre-1965 coinage. People can basically trade their time for silver.
Thanks for the education on this video enjoyed it . Its always good to hear somebody else's ideas. Far as my stacking goes I like coins any how and if I need some extra money I have some bullion to sell . And if something happens to me heaven forbid my kids will have it for there future. So with that I say have a good day my friend.
Thanks for the feedback my friend, appreciate it.
I think it would be smart to stack silver for retirement because the future of home energy is going to need silver and with increasing cost of mining due to EPA regulations and most of the easy silver already mined the price is not going to do nothing but go up in the coming decades. Right now is the best time to stack some away while its under 20 dollars a troy ounce.
I agree with you!
this is the same strategy I have. I've been at it 25 years. gold was 300 dollars an ounce here in the US when I started. now its over 1900 d an ounce. when I need a few dollars for some project and am short, I just sell a lil bit. I always replace it and add even more. greedy people cant embezzle it like they do to traditional pension funds all the time. it is far easier to protect this against common thieves than it is to protect money in the system against high tech embezzlers. common thieves are limited by the laws of physics, that is time, ability, and effort required to find and take it.
Given that you live in the West and the West is living on a non-real financial system, while the rest of the world is preparing for a return to a real-money financial system, you're smart to be putting your wealth into real money.
This is not the primary reason I stack, but It is a good safety net for me too!
It suddenly occurs to me that not having a mortgage might not be such a bad thing, all told
Like #5, EXCELLENT video!!
Thanks my friend!
The griffin looks brilliant I'm after one not much more expensive compared to the dragon.
When gold reaches its fundamental price after this ponzi scheme collapses , there will be no pensions to collect. BYB it's a great idea what you are doing but I would just stack your pension in gold and silver, and avoid pension schemes and anything related to the stock market. I only stack in gold and silver. My opinion only 🙂
Good video 😁 i would love to hear as much as possible on this topic as it's the main driving force for why i stack, one question i have is how would you rate palladium and platinum for stacking?
Platinum is similar to silver - is is a lot less liquid and has a lot more premiums to it. A means to getting more gold but not as an investment on it's own.
well put. I bough silver last year like crazy. This year...gold plus a little silver. Peace
Great topic. It’s so important to diversify a retirement “savings plan”. I would hate to rely solely on government income when I’m older, if that is even an option by the time I get there. Lol
It really is important to me and Mrs BYB. Best to rely on what you make for yourself!
@@BackyardBullion
Exactly.
most definitely you should stack silver and gold for your pension and retirement ... do not count on your debt based fiat pension and retirement scheme ... they are after all... a scheme ... scheme-verb-makes plans, especially in a devious way or with intent to do something illegal or wrong
I agree that relying on the state is not a good way to go. I have relatives struggling to make ends meet on a state pension now - imagine what it would be like in 30 years time.
Backyard Bullion there you go ... concrete proof
lovely 10 ounce silver coins, it's too early to say what will happen when people are going to retire in 10, 20 or 30 years, the world will be very different from now. Retirement at the age of 55, is it still realistic? they ask people now to work until they are 67 years
It is very hard to say what will happen in the future but for right now it is worth saving and aspiring to early retirement!
Excellent video! A couple of comments, will you be discussing Platinum in the future diversification video? And per your discussion, since I am starting late (56 years old) I am front-loading my stack because as I plan to retire at 70, I should have my retirement stack in at least half that time so it has time to grow, and have spot rise enough to overcome the premiums spent building a stack.
I will perhaps talk about platinum as it relates to the long term strategy. I have talked about platinum before though and I don't want to rehash old topics. One thing that I will talk about is front loading your stacking for that long term. Should you buy it all now and preserve that wealth from today. I view the gold I buy on year 20 as stacking for 50 years from today (and to pass on to future generations). But that is a topic for another video!
platinum is very low at the moment, never being so low since 2009 (financial crisis)
Is platinum a wise long term choice? It's classed as an industrial metal mostly used in catalytic converters. Factor in the coming shift to electric vehicles and it could cripple the price.
indeed, the rise of electric vehicle market has an impact on the price of platinum,because now its used in diesel autocatalysts, but its also used in jewelry, for medical and other industrial purposes. Also platinum is more scarce then gold so the price could easily rise up again, the price is low so why not take a chance!
Thank You! I hope You live to be 101 years! If you ever go to Disneyland look me up. I would like to meet you face to face! Have a great day. By the way, sometimes it's hard to get up at 5am to watch your videos. Lol
101 would be a good innings for sure! You could always watch them a little later in the day, not at 5am!
I've trying to build my stack just uploaded a new vid!
Great info - Thanks
you must figure it out for yourself
Thank you!
I retire in six years, is it worth me stacking siver or gold to subsidise my pension?
BB did you pay a high premium for that silver bar 1 kg? in europe you pay higher premiums for bars then coins (premiums for coins also high)
I bought it second hand on The Silver Forum so I paid dirt cheap price (about £14/oz I seem to remember).
Hi, thank you for the amazing topics as usual! I am also trying to stack gold for my pension, mainly Britannia’s. You mentioned that they are tax free here in the UK, my question is if i am buying them here now while living in the UK and i moved back to Finland, would i have to pay taxes when i sell them in the future in Finland? Or they will stay tax free? I really appreciate your thoughts. Thanks
I don't know the rules on that, especially considering Brexit and the impact that might have in the future!
Hi. What do you mean by spot???? I've just started buying silver and gold coins.. now I'm hooked
I'd be interested to hear your thoughts on Platinum as an investment/part of a pension pot
Thanks for the suggestion - perhaps one to do in the near future!
I'm going to take my pension out at 55.. and buy more gold😁
🥇👍🏻
Can you recomend a SIPP that tracks gold/silver mining stocks? Gold, Silver and Cryptocurrencies are the way forward. Stocks and bonds based on debt are not :) Great video!!
You didn’t mention numismatic coins ie high grade rare British coins if you bought a una and the lion 15 years ago for let’s say 15k the same coin would be worth 200k to 350k depending on condition I’m going to stack silver and gold bullion also rare English coins because quality always sells great vid BTW buddy
One might argue this is more like winning the lottery than an investment. It is so hard to know what coins will do this well and also the risks are very high of you don't know what you are doing. You, however, are a guru of rare and valuable coins and should be applauded for that!
Backyard Bullion haha thanks and I understand there is some risk but that’s why you buy the best coin you can also people should do research into numismatic coins before buying
Where is the safest place to buy silver or gold in the UK is it just the royal mint and bullion by post???
I just did an interview with Bleyer Bullion, very good company. ua-cam.com/video/YUGeeY1LbE8/v-deo.html
I question coins attracting higher premiums, I recently phoned my bullion dealer regarding 10 surplus QB Lions that I was hoping to sell back to them as they were listing them at £60+, they offered a little under spot.
I think that higher premium only applies when you sell privately. The dealer is now listing them at £90+.
I agree - which is why I view these coins as less liquid. I will need to take the time to find the right buyer to get the right price. They have an inherent safety net sure, but it will take a lot of time to get the right price. Gold on the otherhand, easy as pie (for the bullion pieces of course!)
How do you calculate percentage over spot? I'm not very good at maths and would like to add it to my spreadsheet to make life easier
lol thats not something you ask its somthing you figure out. no one can show you how to do it on here chode
There's usually an equation for those sorts of things, "chode"
(Price paid minus spot price) divided by spot price.
Spot price being: weight in oz or grams * quoted price per oz/grams at time of purchase
Thoughts on silver in 2021 with VAT? Especially for retirement purposes
This is a great topic. Along the same topic do you also buy generic rounds if so why or why not… And what kinds if you do?
I do t buy generic silver rounds. I buy capital gains exempt coins like Britannias and queens beasts
Thanks for the video BYB.
Do you collect junk silver as well?
I dabble in junk - but not in any kind of volume.
Great show. So anyone know if there’s capital gains tax exempt AMERICAN SILVER EAGLES or gold eagles?
Hi BB. When you come to sell how would you go about this? Sell on eBay, direct to dealers or are there other options? Thanks
Bullion gold - most likely to a dealer or via social media. Numismatic gold, ebay, auction houses, social media most likely.
Need follow up....
PMs are a viable savings vehicle, but you should absolutely NOT forego a traditional pension for their huge tax advantages, and if you are on an employer scheme then this goes double or triple.
👍
I stack to leave something of great value to pass on to my son.
A brilliant strategy!
I’ve thought of this too...I’m in my 30’s and in my opinion I won’t need it to survive in my lifetime but My children/future grandchildren are going to need it...
Don’t the non Uk coins incur capital gains tax?
Yes, but only if you make a profit above the allowance each tax year which is £12,500 per person (so £25,000 for a married couple). So unless you make mega bucks year on year it is just not a problem you need to worry about - unless your stack is huge of course!
Thanks for the reply, good to know 💰👍🏻
Which is more rewarding bars or coins
No platinum? Its well priced atm. Do you think the price will keep falling?
I just see your reply to Kevin. Watching those vids :)
Hell no.... a wise man once told me that when rich people or investment firms push you to buy... it's time sell it run away.. market will fall... they are looking for the little guy to absorb their potential losses
Well - I dont think that is right...
Jus curious what age are you now then?
Any advice how best to buy cheap gold coins for little over spot whilst avoiding Ebay? (im in the uk)
Go to Hatton garden metals website. Some of their coins are 2 to 3% over spot
@@BackyardBullion Thanks!
Answer is NO! The most you will get selling is spot silver or less.
Do you keep the recipients???
I do
I keep all the invoices and receipts 🤔
Where do you purchase your silver and gold if you don’t mind me asking I’m barely starting out in stacking
I buy silver from www.europeanmint.com and gold from atkinsonsbullion.com
thank you so much !
My pleasure
love the videos by the way you singlehandedly got me into stacking
Great stuff!
Like 👍
Thanks!
Do you buy generic bars and coins and remelt them for your biz?
I buy silver shot rather than rounds. Easier to use!
Backyard Bullion That's really cool. Do you recommend any links or books for someone to do this purely for a hobby?
Great yt channel, btw.
Me 😉 otherwise not sure about books
Backyard Bullion 🤣😎, thanks
silver will never make you rich in a fixed controlled market. gold is the same
it'll soon drop to about 700 an oz for gold and under ten for silver
trust me I know what I'm talking about
SilverMountain well when the time is here you'll be happy. I think after about September you'll be smiling.
Guess that didn't happen.
@@irishsilverstacker4445 what didn't happen?
@@MsJessyJess gold dropping to under 700 a oz or silver under 10 a oz.
@@irishsilverstacker4445 it could when this Western economy falls
Check MGTOW content on yt. Mrs backyard bullion is there for your resorces. Good speed.