5% of your assets in two products that keep pace with inflation isn't such a bad thing. In Berlin in the Weimar inflation of 1923, a few ounces of gold would buy an extraordinarily nice house in an upscale part of town. You don't have to go crazy with precious metals, but a little wouldn't hurt.
@@zackzimmer7167 correct, but $2,300 worth of bullets or loaded ammo will have much greater utility than 1oz of gold. In order for gold to be worth something, you would need to find someone willing to trade you for it. In order for you to hold on to that gold, you need a way to prevent people from stealing it. The “value” in the copper jacketed lead is not the cost to purchase it today, it’s in the utility it provides.
@@user-TJ365this is the dumbest thing I’ve ever heard. I agree having ammo is awesome. But silver and gold are fantastic. My wife and I had 20k for a house down payment several years ago. I put it all into silver to get it off the dollar. At the time silver was 22 an oz, now it’s 30+. It’s way smarter than the dollar lol. It’s a way to keep your money safe. Let’s be honest. Why are we prepping for a fall out of everything? Why not prep for how terrible things are becoming? Like our economy being destroyed.
So, you lost me when you said there was such a thing as too much guns, and now you've won me back just by singing about the lonely mountain and telling people not to buy gold or silver. And I've got a pile of bics. I have skills, talents, that make me especially suited for acquiring bic lighters.
2-5% into metals isn’t a bad insurance policy and something to pass to your heirs. It’s a hedge, that historically won’t lose value and prevents you from easily dipping into that reserve.
@@dammain1068 It’s not a hedge against inflation. If it was we would have seen an explosion of price where the M2 money supply essentially doubled from 2019 to today. It’s not a store of value, if you were holding gold these past ten years you’ve lost money. It’s not real money or practical currency , you can’t transact in most things with it and like windex said you’d need a gold intermediary to prove any gold is legitimate. So again what’s the point ??
@@ismaelrivera131 I don’t necessarily disagree with you. But the first comment said it was a hedge. You asked against what. I assumed he was talking about inflation. While gold has underperformed against the US dollar, we can see how it might perform in a hyper-inflationary environment, like Argentina. I agree that gold is probably not a great investment for SHTF. However, I don’t think all of our planning should be for SHTF. The US just lost the petrodollar and central banks all over the world are loading up on gold. That’s not nothing.
Anyone trusting metals that can't verify the content is asking to be scammed... and that ain't happening in SHTF. Usable assets are always good barter. However I'm not a fan of bullets, as you are potentially arming a competitor for resources.
Love the boomer “ I invest in precious metals like lead and brass” comments. In all seriousness, the gold and silver thing has nothing to do with the firearms, food and water preparations. Two different situations.
Thank you! Buying precious metals is one of the biggest scams in the prepper community. Only people that are pushing it are gold sellers, people sponsored by gold sellers and people fooled by the first two. It’s not a hedge against economic crash, It’s not an investment, It’s not a bartering tool. It’s a waste of time and money.
Funny that every Screwtuber has a gold trader sponsor over the last 1-2 yrs lol. My finance guy was telling my wife and I at our quarterly meeting that in their annual conference they were being told that on average people were buying into gold and then panicking within 6-9 months selling it for a loss plus the fees associated with it and on avg. were 23% from what they started. Yet they keep pushing it as a safe guard from the economy. It shows people really do not understand the economy or how to work their finances.
Dude, the beginning slayed me, 😂. I already knew what you were gonna say when that first note hit, hahaha! Store up shit that will be functional and useful, etc., keeps well and has intrinsic value... because it is useful and you can do something with it. Buying gold and silver is like buying annuities or time shares lol.
But you did say exactly what it is meant for. Which is storing and transferring wealth from one currency to another. Yes it will take coin shops and silver and gold places for these transactions to happen, however if for whatever reason the current non LSD tabs of green paper become worthless and a new form of stranger rolling paper takes it place that new paper won't just be exchanged for a 1-1 conversation with the old stuff especially if the confidence and backing of the old currency is gone. Gold is not for small transactions ever, because it's the standard to exchange wealth as you mentioned. Because of it's international recognition gold is the universal language of material for large wealth currency exchange just as labor is for small exchanges. I'm to poor to get into gold so maybe before the bottom falls out of the economy I'll take 2 or 3 of my final paychecks and get gold for them just in case.
Metals in a shtf scenario aren’t going to do much. Correct. I still have it. But for a non shtf scenario… gold held long enough, has increased enough in value, to be plenty profitable above its premium. Gold price has doubled in ten years. If I would’ve put $1,200 cash(cost of 1oz gold in 2014) in a safe next to an ounce of gold, ten years ago…. Today the $1,200 would be $1,200. The ounce of gold is $2,400. I’ve got shtf preps, but… I’m not going to plan 100% of my future for a shtf scenario. Portfolio is diversified. Some for shtf.. some for no shit hitting the fan. Hopefully no one’s fan gets covered in shit.
It certainly has its place, in 1970 it was $35 an ounce... can you imagine if your grandfather had bought a few hundred worth of gold coins back in the day and you inherited them now? And no, you don't have to pay tax on the increase.
Keen observers will note global banks and what they hold and buy for their positions of power and control….G&S. As their holdings dictate who retains the power to control fiat money creation and standards. During currency shifts hedge your position independently without counter party risk (fiat, stocks etc.) Not financial advice, common logic. Others will also note that the most easily liquidated asset world wide accepted in stable value is….G&S
So by holding gold when SHTF, whatever comes next will still need value teansferred to it feom This nation now, to whatever the next nation is. Thats the value. (Assuming you make it [nah, im not making it]) then youve converted out of usd into something that will convert into boogbucks, or amazons or whatever they do next. Or at least. I always figured
My take on value is this: If real inflation has been 7-9% for a while now; buying something usable but relatively long duration, like canned coffee; will give me at least some passive return. The can I bought two years ago is worth almost 20% more now. It's not much, but it's a simple hedge against the dirty deeds being done to the dollar.
In my opinion the only way to "stack" precious metals is to minimize the premium, if I could I'd go pan gold myself and keep what I find but sadly no gold around my parts, second best is so look through flea markets, buy cheap gold filled stuff (not gold plated nor solid gold) or silverware, stuff like that and refine it yourself
Sorry dude you missed hard on this one. Ive doubled my money twice on silver, and I've bought gold coins in Singapore at 1100 sold here for 1800. It travels it increases and I hold my buying power.
Ammunition is far more valuable. It can literally feed you, protect you, doesnt really expire (powder does after many, many years) and its not TOO inconvenient to carry a lot of for trade. Depending on caliber. Everyone is going to need it, and it goes faster than you think when your entire livelihood depends on it. Stack it deep while its cheap and available, bury it in the woods.
Agreed.... To most situations, bullets and small arms may end up being the most valuable in the near future,(especially me than the US dollar) but we shall see
Coin dealers are not in the business of speculating in the markets. For every dollar of metal they hold they are short in the futures market. They are neutral to the price and this has nothing whatsoever to do whether they think the metals are a good investment.
Silver is closer to $30 an ounce. You don't have to go only through your local LCS - national and international bullion dealers also buy PMs. An alternative to stacking "regular" silver bullion is to collect some "constitutional" silver - pre 1964 dimes, quarters and half dollars.
IMO Cartels and gangs will want gold silver but they will gather through looters and low level toadies sent to rob and scam the weaklings. Letting a cartel know you have gold to trade with is probably not a good idea either.
I think you covered it tangentially. Gold and silvers primary value is moving wealth from one monetary system to another. Increasingly there’s industrial value but that’s another conversation. Own a little gold and silver to protect yourself from counterparty risk of the government and financial institutions.
@@OvertonWindex yes, but large scale industrial demand will draw gold and silver from the retail market/ recycle market into the industrial market as prices go higher. especially if the thesis behind solar panels and high end computer processing driving demand for metals ends up being true and not just a temporary demand bubble.
SHTF will mean no power or internet in short order. Bitcoin will be impossible to access, use, prove legitimacy etc etc. Bitcoin is cool for weath gambling, but its not a functional asset except in a functioning 1st world society.
Gold is also useful in the even the dollar hyperinflates and is replaced by an alternative currency, you could trade in that gold for the new currency.
Medication, water treatment, and sanitation is much more valuable in a SHTF or PAW scenario. And you can carry way more of it. (You're not going to drive over to someones house or have them drive over to your house to trade. Your going to set up a secure neutral location. In the middle of nowhere. And hope you don't get robbed. So yes, your going to be carrying it. With all the other precious survival items weighing down your pack. And effectiving your mobility.) More people died in Bosnia of poor water sanitation. Than bullets. The only sanitation that was widely available was bleach. It's value skyrocketed. And how are you and this stranger going to agree on a testing and weighing method for your precious metals? And where are you going to trade this? You think the town square is going too turn into the local renfaire?! And you'll just stop by the local gold & coin store? And trade it for that AR or tent you forgot to stock up on? Same goes for you bushcraft dudes. With your cast iron frying pans, forged campfire accessories and heavy canvas. Good luck moving all that crap with the train of pack mules your gonna need. But Jeremiah Johnson would be proud. So oart if your fantasy will work out. I'm sure. Precious metals are a fantasy.
I don't think you realize how much wealth you can put in your pocket when it comes to gold. Most could hold their entire life savings in a pair of jeans. It is also an asset that is accepted everywhere on earth as valuable. Even current third world countries that have the sanitation and water issues you mentioned.
Really it's accepted everywhere? With who's scale? And by who's authenticity test? And who needs a precious metal in a PAW or shtf situation? Nobody. You need medicine and sanitation. Antibiotics, pain meds, water filters. Valuable items that are also very small and very lightweight. No one was trading gold in Bosnia. They were trading toilet paper and bleach. And killing each other over it. Because it was that valuable.
This was way too good, didn't know Overton had dwarf DNA
“Nobody tosses a Glock”
You couldn't tell?
You didn’t have to serenade us like that in the beginning
Ohhhh but you deserve it baby gurl
I got a fucking buy gold and silver ad loading this video lmao
I got one for this video lol
5% of your assets in two products that keep pace with inflation isn't such a bad thing. In Berlin in the Weimar inflation of 1923, a few ounces of gold would buy an extraordinarily nice house in an upscale part of town. You don't have to go crazy with precious metals, but a little wouldn't hurt.
Agreed. The best scenario for precious metals is that the USD hyper-inflates, and that wasn’t really covered.
“How I survived a year of SHTF in 90's Bosnia” is an article everyone needs to read.
Guy made his way by refilling lighters.
Sounds about right for Eastern Europe lol
Wow thanks for bringing this up, was before my time.
Lot of great info, recommend others to read as well.
Selco is legend in sharing so much of his info. It changed how I saw the world.
That was also revealed to be a fraud lol
$2,300 worth of copper jacketed lead is much more valuable than an oz of gold.
Copper jacketed lead is too rich for my blood.
I can only afford Chinese steel surplus.
@@ChaosBWif it goes bang who gives a shit ❤❤
An Oz of gold is literally about $2300…
@@zackzimmer7167 correct, but $2,300 worth of bullets or loaded ammo will have much greater utility than 1oz of gold. In order for gold to be worth something, you would need to find someone willing to trade you for it. In order for you to hold on to that gold, you need a way to prevent people from stealing it. The “value” in the copper jacketed lead is not the cost to purchase it today, it’s in the utility it provides.
@@user-TJ365this is the dumbest thing I’ve ever heard. I agree having ammo is awesome. But silver and gold are fantastic.
My wife and I had 20k for a house down payment several years ago. I put it all into silver to get it off the dollar. At the time silver was 22 an oz, now it’s 30+. It’s way smarter than the dollar lol.
It’s a way to keep your money safe. Let’s be honest. Why are we prepping for a fall out of everything? Why not prep for how terrible things are becoming? Like our economy being destroyed.
So, you lost me when you said there was such a thing as too much guns, and now you've won me back just by singing about the lonely mountain and telling people not to buy gold or silver.
And I've got a pile of bics. I have skills, talents, that make me especially suited for acquiring bic lighters.
My cattle dog loved your singing. I sing her Misty Mountains Cold all the time and she could not give a care.
2-5% into metals isn’t a bad insurance policy and something to pass to your heirs. It’s a hedge, that historically won’t lose value and prevents you from easily dipping into that reserve.
A hedge against what?
I assume he means a hedge against the inflation of fiat currency. Potentially even hyperinflation.
@@dammain1068
It’s not a hedge against inflation. If it was we would have seen an explosion of price where the M2 money supply essentially doubled from 2019 to today.
It’s not a store of value, if you were holding gold these past ten years you’ve lost money.
It’s not real money or practical currency , you can’t transact in most things with it and like windex said you’d need a gold intermediary to prove any gold is legitimate.
So again what’s the point ??
@@ismaelrivera131 I don’t necessarily disagree with you. But the first comment said it was a hedge. You asked against what. I assumed he was talking about inflation. While gold has underperformed against the US dollar, we can see how it might perform in a hyper-inflationary environment, like Argentina.
I agree that gold is probably not a great investment for SHTF. However, I don’t think all of our planning should be for SHTF. The US just lost the petrodollar and central banks all over the world are loading up on gold. That’s not nothing.
Keynesian economics
If you're a fan of Tolkien's works, there's a great channel called Clamavi De Profundis. Family that sings together and they have some amazing covers.
Anyone trusting metals that can't verify the content is asking to be scammed... and that ain't happening in SHTF.
Usable assets are always good barter. However I'm not a fan of bullets, as you are potentially arming a competitor for resources.
Ammo, antibiotics, booze, MRE’s… are worth more than their weight in gold when shit hits the fan.
You’d do better investing money in land, a few cows, chickens and a large garden.
Love the boomer “ I invest in precious metals like lead and brass” comments.
In all seriousness, the gold and silver thing has nothing to do with the firearms, food and water preparations. Two different situations.
Gold is not for shtf. It's hedge against currency risk.
Thank you! Buying precious metals is one of the biggest scams in the prepper community. Only people that are pushing it are gold sellers, people sponsored by gold sellers and people fooled by the first two. It’s not a hedge against economic crash, It’s not an investment, It’s not a bartering tool. It’s a waste of time and money.
Funny that every Screwtuber has a gold trader sponsor over the last 1-2 yrs lol. My finance guy was telling my wife and I at our quarterly meeting that in their annual conference they were being told that on average people were buying into gold and then panicking within 6-9 months selling it for a loss plus the fees associated with it and on avg. were 23% from what they started. Yet they keep pushing it as a safe guard from the economy. It shows people really do not understand the economy or how to work their finances.
Dude, the beginning slayed me, 😂. I already knew what you were gonna say when that first note hit, hahaha!
Store up shit that will be functional and useful, etc., keeps well and has intrinsic value... because it is useful and you can do something with it.
Buying gold and silver is like buying annuities or time shares lol.
But you did say exactly what it is meant for. Which is storing and transferring wealth from one currency to another. Yes it will take coin shops and silver and gold places for these transactions to happen, however if for whatever reason the current non LSD tabs of green paper become worthless and a new form of stranger rolling paper takes it place that new paper won't just be exchanged for a 1-1 conversation with the old stuff especially if the confidence and backing of the old currency is gone. Gold is not for small transactions ever, because it's the standard to exchange wealth as you mentioned. Because of it's international recognition gold is the universal language of material for large wealth currency exchange just as labor is for small exchanges.
I'm to poor to get into gold so maybe before the bottom falls out of the economy I'll take 2 or 3 of my final paychecks and get gold for them just in case.
Invest in precious metals. Brass copper and lead. Preferably in a nice little package.
Like most ppl he misses the point of gold and silver.
I know more than you.
I 100% agree. Invest in Brass!!!
You can sell gold and silver on eBay not just coin shops
If the time ever comes where you have to barter gold and silver, bullets well definitely be just as valuable.
The mongolian throat signing wasnt exactly correct but close enough. The old ladys a pro at it tho.
That... is not what that is...
Key, don't buy.mine it ,keep it,pass it down the ages
Did not expect to hear Overton singing the misty mountain road today
If it's a real SHTF situation and someone tried to trade gold or silver for food/other needed thing I think they'd be SOL
Neither will do u any good in a shtf situation
wasn't expecting such an angelic vocal performance at the beginning
nice
Metals in a shtf scenario aren’t going to do much. Correct. I still have it. But for a non shtf scenario… gold held long enough, has increased enough in value, to be plenty profitable above its premium. Gold price has doubled in ten years. If I would’ve put $1,200 cash(cost of 1oz gold in 2014) in a safe next to an ounce of gold, ten years ago…. Today the $1,200 would be $1,200. The ounce of gold is $2,400. I’ve got shtf preps, but… I’m not going to plan 100% of my future for a shtf scenario. Portfolio is diversified. Some for shtf.. some for no shit hitting the fan. Hopefully no one’s fan gets covered in shit.
It certainly has its place, in 1970 it was $35 an ounce... can you imagine if your grandfather had bought a few hundred worth of gold coins back in the day and you inherited them now? And no, you don't have to pay tax on the increase.
I didn’t know I was watching a god of war soundtrack video
Keen observers will note global banks and what they hold and buy for their positions of power and control….G&S. As their holdings dictate who retains the power to control fiat money creation and standards. During currency shifts hedge your position independently without counter party risk (fiat, stocks etc.) Not financial advice, common logic. Others will also note that the most easily liquidated asset world wide accepted in stable value is….G&S
So by holding gold when SHTF, whatever comes next will still need value teansferred to it feom This nation now, to whatever the next nation is. Thats the value. (Assuming you make it [nah, im not making it]) then youve converted out of usd into something that will convert into boogbucks, or amazons or whatever they do next. Or at least. I always figured
My take on value is this: If real inflation has been 7-9% for a while now; buying something usable but relatively long duration, like canned coffee; will give me at least some passive return. The can I bought two years ago is worth almost 20% more now. It's not much, but it's a simple hedge against the dirty deeds being done to the dollar.
In my opinion the only way to "stack" precious metals is to minimize the premium, if I could I'd go pan gold myself and keep what I find but sadly no gold around my parts, second best is so look through flea markets, buy cheap gold filled stuff (not gold plated nor solid gold) or silverware, stuff like that and refine it yourself
Sorry dude you missed hard on this one. Ive doubled my money twice on silver, and I've bought gold coins in Singapore at 1100 sold here for 1800. It travels it increases and I hold my buying power.
Ammunition is far more valuable. It can literally feed you, protect you, doesnt really expire (powder does after many, many years) and its not TOO inconvenient to carry a lot of for trade. Depending on caliber. Everyone is going to need it, and it goes faster than you think when your entire livelihood depends on it.
Stack it deep while its cheap and available, bury it in the woods.
I only deal in blood diamonds
Agreed.... To most situations, bullets and small arms may end up being the most valuable in the near future,(especially me than the US dollar) but we shall see
Trade and Barter is KING!!
Jeez man, that intro. I wasn't trying to question my sexuality this early in the day
Coin dealers are not in the business of speculating in the markets. For every dollar of metal they hold they are short in the futures market. They are neutral to the price and this has nothing whatsoever to do whether they think the metals are a good investment.
I have always said gold and silver were pointless. But things such as food water bullets and real items that can help survival were the way to go
Why was this video literally recommended to me after listening to Hoist the Colors in the car? 🤔
I have a silver cert worth a couple hundred bucks and a rare quarter worth over 100$
If shtf wouldnt necessities and/or services be the best to trade?
Shoulda waited till the end of the video...
The beginning was actually awesome did not expect that
shoulda had geoff and evan harmonizing in the background
If shtf a tomato plant would have more value than gold or silver.
👑👑👑
i vote rolls of toilet paper will be the currency in a situation like this.
He says this to keep the smooth brains away from real money
As a wise old man once said, “my lead > your gold”
@overtonwindex You got weird since you died.
It seems like a good time to sell Gold and Silver loo
What are 3 books you would recommend us smooth brains read
I love how grounded in reality you are. I need some of that 😂
predictably irrational, 48 laws of power, and the federalist papers.
They both make good heavy bullets.
Fast moving lead in we trust
Silver is closer to $30 an ounce. You don't have to go only through your local LCS - national and international bullion dealers also buy PMs. An alternative to stacking "regular" silver bullion is to collect some "constitutional" silver - pre 1964 dimes, quarters and half dollars.
This exactly this 100%
Bro got the vocals down
That intro *chefs kiss*
The accapella shootist
Gold and Silver bought Pre and early Pandemic are good to sell now at a solid adjusted profit
No it's not.
@@GWOTalchem That's inflation... There is zero profit.
@@GWOTalchem You go ahead and find the 9mm for 16 cents a shot... or 223 for 19 per shot man.
I agree with you about pretty much everything.
But this is by far the thing I most agree with.
Beautiful voice btw.
Read. Just read.
This is the most valuable thing my Dad told me. Read about others failures/success. It is a free lesson.
You convinced me. I've been buying a little at a time my whole life for retirement. I'm selling all next week!
By the time your gold and silver is a good currency, lead will be worth WAY more.
Bottle caps
just read 🎯
Only precious metals are copper, lead, brass, steel, and aluminum.
Oh damn
Steel, lead, and brass are better investments if you are worried about collapse of the dollar.
Nerd alert 😂 👍
NNEEEEEERRRRRRRRD
IMO Cartels and gangs will want gold silver but they will gather through looters and low level toadies sent to rob and scam the weaklings. Letting a cartel know you have gold to trade with is probably not a good idea either.
What are you basing this on?
Epic singing lol I sing this to my daughter
aging choir boy! 😂 good shit
I'm stacked in lead and brass.
I think you covered it tangentially.
Gold and silvers primary value is moving wealth from one monetary system to another. Increasingly there’s industrial value but that’s another conversation.
Own a little gold and silver to protect yourself from counterparty risk of the government and financial institutions.
An individuals supply of gold or silver is of exactly zero utility to an industrial scale. That’s why I don’t mention it.
@@OvertonWindex yes, but large scale industrial demand will draw gold and silver from the retail market/ recycle market into the industrial market as prices go higher. especially if the thesis behind solar panels and high end computer processing driving demand for metals ends up being true and not just a temporary demand bubble.
Buy and self custody Bitcoin.
No. Don't be gay.
@@OvertonWindex why would that be gay? Can you make a video on this?
SHTF will mean no power or internet in short order. Bitcoin will be impossible to access, use, prove legitimacy etc etc.
Bitcoin is cool for weath gambling, but its not a functional asset except in a functioning 1st world society.
@@OvertonWindexguess I’m gay 😂
@@saab9251 what if SHTF doesn't come? What do you do after SHTF is over? During a SHTF situation is leaving the country a possiblity?
Not bad on the opening sir.
Gold is also useful in the even the dollar hyperinflates and is replaced by an alternative currency, you could trade in that gold for the new currency.
Love this song
Interesting
Isn't that tune from We Were Soldiers Once, and Young?
nice led zeppelin song
Medication, water treatment, and sanitation is much more valuable in a SHTF or PAW scenario. And you can carry way more of it.
(You're not going to drive over to someones house or have them drive over to your house to trade. Your going to set up a secure neutral location. In the middle of nowhere. And hope you don't get robbed. So yes, your going to be carrying it. With all the other precious survival items weighing down your pack. And effectiving your mobility.)
More people died in Bosnia of poor water sanitation. Than bullets. The only sanitation that was widely available was bleach. It's value skyrocketed.
And how are you and this stranger going to agree on a testing and weighing method for your precious metals? And where are you going to trade this? You think the town square is going too turn into the local renfaire?! And you'll just stop by the local gold & coin store? And trade it for that AR or tent you forgot to stock up on?
Same goes for you bushcraft dudes. With your cast iron frying pans, forged campfire accessories and heavy canvas. Good luck moving all that crap with the train of pack mules your gonna need. But Jeremiah Johnson would be proud. So oart if your fantasy will work out. I'm sure.
Precious metals are a fantasy.
I don't think you realize how much wealth you can put in your pocket when it comes to gold. Most could hold their entire life savings in a pair of jeans. It is also an asset that is accepted everywhere on earth as valuable. Even current third world countries that have the sanitation and water issues you mentioned.
Really it's accepted everywhere? With who's scale? And by who's authenticity test? And who needs a precious metal in a PAW or shtf situation? Nobody. You need medicine and sanitation. Antibiotics, pain meds, water filters. Valuable items that are also very small and very lightweight.
No one was trading gold in Bosnia. They were trading toilet paper and bleach. And killing each other over it. Because it was that valuable.
Exactly... having the tools and skills to weld steel will be a valuable barter asset.