@@kylecrane5751yeah that spot price is very high, but can happen in the future, since silver is way more useful than memecoins, those people doesn’t understand reality. Its sad. Unfortunately its the fastest way to make money those day.
Very good brother 👊🏻 Been stacking both for years , number one thing people need to remember YOU must hold your metals physically 🤝 or you don’t own it .
Bald Guy - Kudos on 20k subs! This is well deserved as your content has a refreshing take that sets you apart from other content creators. Another great video that put a smile on my face during these uncertain times. Amazing how many confuse freedom & self reliance with tin foil. Cheers!
I’ve been stacking for about 13 years now, I always buy the big dips rather than dollar cost averaging in every month. Just stacked my 13.5 k ounce last week and it feels gooooood! Keep at it guys!
Great video and a good addition to your prior ones. I have the issue that no amount of silver is ever enough. So to hear what it takes to be in the one percent it really puts things into perspective.
@@baldguymoneyofficial sup bald guy? Since you give me all this great knowledge and free information I will share something with you. For those that can't afford to buy silver in have a little motivation let me suggest something. I dig historic dumps for vintage Marbles and find piles and piles of sterling silver silverware on the regular. It's all free and there's no premium on it. Just sweat and dirt. With all the other trinket e bulshit you find in the dump. This I hustle at the antique shop and convert it into silver with that fiat currency I get from it. I also have a channel with some of it posted if you're interested. Cheers and stay healthy 🍻✌️
Congratulations Bald Guy. You will be at 200K subs very soon. The Patreon content is fantastic. It's like getting Christmas present each week. Fun video today. Keep on stackin
Thank you so much Ken! I appreciate your support of the channel. I've had a tough time keeping up with replying to comments. It's a good problem to have :) Cheers!
This was a really interesting breakdown. I've never looked at it that way before. International borders between western countries aren't a big deal in my experience, just don't attempt to avoid the laws. If anyone's moving that amount of money they need to take care and make certain that they know the declaration rules and follow them. Thank you for going out of your way to provide correct information!
That is amazing sir! I've been aware of this phenomenon for about 10 years and yours is just another edition to the dozen or so sources that confirm that I'm doing the right thing, kudos!
I have been collecting/stacking for about 10 years, but the last three I've been buying hard. I now have 400 Silver Eagles dating from 2012 to 2019, 200 Silver Maple Leafs from 2020 to 2021, 200 Silver Britannia QEII and 201 Silver Britannia King Charles III from 2023. I think on this stack for a while to see how the market goes. So, I doubt I will ever reach $1 million.
You're not a conspiracist, BGM. This was a great vid, and I'm constantly moving you up the ranks of my favorite content creators. The "everything is fine" people will get caught with their pants down. There are even certain stacker content creators who are asleep at the wheel. Crazy. Keep up the good work, my friend!
Agreed! Everything is not fine and it hasn’t been fine since 2008 (when I started stacking)!! It’s falling apart slowly and we just don’t know when the wheels will finally fall off.
Thanks BG for this video. I probably could look this up myself, but figured you could do another video just as easily. Same as this video topic, but for gold. Thanks.
American gold eagles are denominated as $50 dollars. If the $10,000 declaration threshold is based on denominated amount then you can travel with 200 Oz of American gold eagles. I guess the same is true for British gold coins because they are denominated in small amounts also.
@@bellydancerabiar7809 the rich get pissed when other people use their loopholes , that why they tried to publicly shame jimmy car for doing what they themselves were doing
Not exactly. It fully depends on the customs agent and I would declare any amount of bullion worth more than the $10k threshold. Don’t be silly everyone! All you have to do is fill out a paper - then you can lose it in a boating accident…
On the point of having more than $10k in cash on you. Isn't it true that if you are found with that amount of cash in the US, it can be confiscated (read "lost") by the law enforcement?
It is not entirely true. Legally (and I am not a lawyer or law expert), the police officer would need probable cause to believe the money is not yours or illegally gained. These kinds of stories are anecdotal and don't do much to guide the average person (in my opinion). Thanks for question though!
For a long time now, i proposed to compare silver to private net wealth. Seems like no PM expert wants to do it. So i did. My est. of inv. silver holdings are : USA 2.91B oz of which 600-700M oz in ETFs India 1.34B oz Europe 1.2B oz of which 215-230M oz in ETFs China 0.3B oz How much silver there is per $10MM wealth in these nations: - USA 199 oz - India 944 oz - Europe 113 oz, but much more in Germany - China only 34.6 oz ! Silver is so strongly demonetized (trades barely above production cost) , that people with $1M in USA own 20 oz on average.
Sheesh. I'm a "millionare" many times over. I've bought over 68 ounces in the last two weeks. Lol. I don't feel rich. Buuuuuuuuuuuuuuuuuuut, I don't feel poor either. 😉😉
@@baldguymoneyofficial Brother, you said it! Let's break this down. Over 70% of the currency ever created is over seas. Saudi has basically dumped us as the Petro Dollar, BRICS is growing fast! Mexico and France now. The BRICS summit is in late August. I'm going to do one on this, but YT never does me right on those videos in the algo. My point is, Losing world reserve status, and the Petro Dollar, AND having all those dollars come back home could be bad, very bad. Scary and unsure times ahead Brother.
I’ve only been buying silver for about a month and from your info I’m already in the millionaire club. I hope it’s correct. Congrats on the 20k mark! Keep crushing it.
@@baldguymoneyofficial My friend you are growing on us and making us like you . Thank you for your information young fellow. God bless you richly . 👍✝️✌️
You deserve 250000. You are worth it sir. One question :I bought some silver mining equities in early March and the timing seems to have been good after waiting 18 months. Now I want to buy more but paradixucally it's discouraging to buy equities which have risen from 20 - 50 %. So how long does the gold and silver bear have to run. I think years. However in the interim is a recession (which I think will only wipe 15 %-25 % from silver equities as the market had abused them so badly before this Spring) or pullback more of a probability than a continuation of the the bull run? I appreciate no one knows the future but you have been remarkably accurate in timing thus far.
I am holding my mining positions - I have a mining portfolio shared on Patreon and i just made a post there today on why I am bullish on silver still and why I think it will pull up the miners too.
I already have 50 oz. Getting ready to have 70 oz. Going to have 90oz by the end of this year. I purchase mine in 10oz bullion bars(all .999 and .9999 fine silver.) I am also going to diversify the investment in silver coins(all .999 or .9999 fine silver.) I also ensure the bars contain the reputable logos such as SilverTowne Buffalo logo, JM Bullion logo, American Eagle logos, and Canadian Maple Leaf(or Canadian Royal Mint.) Just to keep them standard and have a very high premium. But I'm going to continue stacking in the future. Not going to stop. But I think 300-400oz would be a great number to stop.
If you expect to spend time in another country and want to use your precious metals, have it sent by a carrier to the country of your choice for pickup
when I first started stacking.. the average house in the UK was equivalent to 1050 ounces... and $1m divided by 68 = $14705.silver price which is unrealistic, however, the average UK house price now is £300k so, divide this by 1050 and the price comes to £285.. far more realistic.. so I would suggest 3000oz as the millionaire target on a historical basis.
38 yrs Gold , Silver collecting saving across the board ! 3rd generation jeweler ! 4ooo oz. 160 gold oz. ! House ,land ,car ,bike ! 12 months cash under my bed ! PHYSISICAL ONLY HJOLD IT OR BE A SHILL ! when traveling declare in smaller amounts over time ! GET YOU CASJH OUT NOW ! YOU ALREADY SHOULD OF ! THEY CAN GO SPIT ! THANK YOU !
On our local News here in Oklahoma I see crime stories quite often where they say; A large amount of CASH and GUNS were found in the raid! They don't want you outside their system. Just think what the headline would be if they raided your house and found Cash, Guns, Gold and Silver....... That's why our Grandfathers buried it in the yard!
To point at the elephant in the room: every stacker lives with at least the perspective to save money in a save way. This perspective might include some shtf scenarios so let me say, that in this case, *everything* you buy now to prepare or feed or protect you is a true gem and as cheap as it can get. A good kitchen knife is now sold in the supermarket for a low price. Do you realize, how *valuable* a kitchen knife is, when you have non? Or warm clothing or a pot to cook? Gold and Silver owners are the new Lords and Ladies of that scenario (especially because stackers are very dedicated) but keep in mind: The cheapest good is that, that you buy now with paper.
Just save most of your salary and invest a portion into silver, among other solid investments. Wealth is more about the expenses side than the capital gain...
At today's spot price to have $1,000,000 (in US dollars) worth of silver, in one's physical 'in hand possession,' would be 39,262 ounces. Spot prices change several times every day. The posted millionaire possession count of 68 ounces is interesting. What category would having over 1000 ounces in one's physical possession place a person? I wonder.
I've calculated this. Monetary silver holdings vs wealth of nations. In India, there are 944 oz silver for every $10M of private net wealth. In USA its just 199 oz. In Europe 113 oz, however Germany is closer to India, and other Euro countries own extremely little silver per $10M of wealth
@@quant2011 Thank you for this information. Referring to the Indian amount, it calculates down to 94.40 ounces for each $1M. Having close to 1,400 ounces seems to be extremely high in comparison according to the data you have presented.
Just a point... I see a lot of controversial about "top 1%". Some videos tell 492 ounces, others 504 ounces, and you say after 406 ounces... I don't know anymore what we sould consider!!!
20K subscribers today, 100K tomorrow ! Although, honestly, I'm not sure what a "millionaire's share" of silver really means. If I had a million dollars (after taxes) I'd buy much more than 68 troy ounces .. probably 69 ! 🤣🤣🤣
Hahaha! $1 million vs the entire money supply - silver vs. the entire silver supply. That's how we reach the answer. Thanks for watching and commenting Ken!
I completely misread your title -- I read it as you are asking how much silver is equal to $1 MILLION USD--- taking 1,000,000 and dividing it by the price of a Troy ounce of silver will give us the number of Troy ounces we need to have ONE MILLION DOLLARS in silver --
I wouldn’t borrow money to buy gold or silver. I take my time and buy what I can afford - been doing so for 15 years. It’s not advice, but it is my point of view. Thank you for watching.
How much is enough? I have about 1/3 of my net worth in gold & silver and some where north of 6000 Troy in silver. My advisor says 10% in your net worth would be on the high side. I say that would be about right if I believed the fiat currency was in good shape.
I don't see it as a matter of believing or not believing - I am a skeptic too! But I discuss how I use the current system to maximize my exposure to metals instead of refusing to participate. I hope you'll check it out! Thanks for watching.
68 ounces of silver makes you a millionaire?? Uhhhh, sorry, 68 ounces of silver makes you worth $1700. Since silver is presently at $25 per ounce, it is worth exactly that, no matter what the M1 money supply worldwide is. Sorry. If you want to have a million dollars of silver you need to own 40,000 ounces of silver presently.
Great job - AGAIN ! Encourage men/women over 59 1/2 to roll their entire 401 k ( crap ) account into a self - directed IRA . A lot out “ here “ might actually fit that demographic and not realize that this is an option . No penalties , and you get to pick gold , silver , American silver eagles , Royal Canadian Maple Leafs , etc . How’s this for encouragement ! Peace ☮️
You can roll it anytime. I moved some of my position into a PM IRA when gold and silver was much less. Only caveat is it needs to be stored in a depository which is not a bad idea. If it were stolen from home, there will be much wailing and nashing of teeth
The key is to buy the bullion from the dealer you want with the product you want. The dealers will work with your custodian. Never buy from those that do everything. They will fleece you
@@kenderosa8528 I didn’t even know that was an option . But I’m so happy that I did what you said : I cut a deal with my pm broker , then TOLD the custodian my deal , then the custodian verified what I said , sent me the proposal ; when the metals were deposited into the depository of my choice ( 2- BRINKS or Delaware Depository ) THEN the custodian releases the money to the broker . Very smooth transaction .
@@rudeawakening3833 Well done. The depository should charge a flat fee and not based on how much you have in PM. This is the arrangement I have and they do all the tax paperwork and keep the dust off the gold and silver coins in the vault.
Congratulations 🎉 on the twenty, 20 thousand subscribers bald guy 👩🏻🦲you deserve it brother... ❗🔥🇺🇸🥈🥇 Here's to another 20,000... 🍾🥂 Another fantastic video 👏🏻
One question about traveling with bullion. An American gold or silver eagle is taken at face value and the same is true for other sovereign coins. Canada will let you move tax free with gold coins except it needs to be 24K fine gold
The truth is I am very careful when it comes to cross border travel. I can’t give you a definitive answer on whether silver and gold coins with face value are taken at that (I don’t know is the answer) - I would simply flag it to customs if I had it. Worst case scenario you have to fill out a paper and they know you have it.
Hi Yendor! Remember, this is a comparison of silver to M1 money supply. You’re stack is impressive, but I just want to say it may not reach a 10.29 million dollar value in real terms. Just want to be clear on the message of the video.
Hi Bald Guy. congrats on 20k subs. Many stackers talk about how friends and family don't buy into the options of precious metals stacking when we try to explain the benefits. Have you experienced this and how do you overcome that?
I have experienced that and I've noticed that slowly some of them come around on the topic. These days I don't try to convince anyone - if it comes up I say my piece - more an more people are coming around on the topic these days with everything happening.
Thank you for clarification on the 10k rule. I think the UA-camrs are lying in order to sensationalize the topic. I've traveled overseas numerous times and nowhere did an immigration form reflect a 10k limit. They typically just say you must declare amounts over 10k. That's it. If they ask questions just answered truthfully and you won't have problems. You might have some explaining to do if you have a briefcase with a 100k but they still can't arrest you or take away your money.
I’ve traveled with more than 100k before - I filled out a document confirming the money was mine, where I got it, and what I plan on using it for. They sent me on my way. I’m speaking from a place of experience. Thanks for watching.
Do you live in the US? They may not arrest you, but they definitely can take it away, and have before. (More so talking about regular cops, over TSA, but they likely have similar powers of authority?) Look up Civil asset forfeiture.
Always in Troy ounces. With respect to the number in this video - 68 troy ounces - remember that is how much silver is equivalent to $1 Million considering total supply of silver vs. cash.
Knowing I'm a millionaire many many times over feels good to hear from you Balled Dude money. I won't disclose my total stack, but..... 68 Oz.... I just might have over 50 million..... Takes dedication to stack, and dedication pays off sometimes. Keep your heads up, and pray for lower premiums....lol... God bless..... Grow food, and enjoy the good times while they last.... very important!!!
If you want more content and to support this channel please join my Patreon: patreon.com/user?u=85209064
By joining my Patreon you get access to exclusive videos, tools, and my newsletter (where I share entry price points every 2 weeks).
I'm somewhere near 300 in 4 months. Living in the forest with no rent or utilities has allowed me to stack hard 1400 a month
I know silver won’t be the only money but I like this calculation. It gives me hope that I am not a total stacking loser.
No losers are watching this channel - except the ones who leave mean comments 😂
Same, 70oz at spot today is = $1,793.4. That's almost memecoin like gains if 68oz =$1,000,000 but that would mean spot price would be ~$14,705.87.
@@kylecrane5751yeah that spot price is very high, but can happen in the future, since silver is way more useful than memecoins, those people doesn’t understand reality. Its sad. Unfortunately its the fastest way to make money those day.
You are NOT a loser. Anything in hand makes you a winner!
No bro only winners watch videos about gold and silver.. we’re already ahead of the others by investing in these physical assets
Very good brother 👊🏻
Been stacking both for years , number one thing people need to remember YOU must hold your metals physically 🤝 or you don’t own it .
Agreed
Correct
Big facts
Bald Guy - Kudos on 20k subs! This is well deserved as your content has a refreshing take that sets you apart from other content creators. Another great video that put a smile on my face during these uncertain times. Amazing how many confuse freedom & self reliance with tin foil. Cheers!
Thank you so much for taking the time watch and to regularly comment. I appreciate that! All the best.
Does that mean 4999 Silver britanias (2 pounds each face) is under that limit?
Congrats on the 20,000 followers!! ☕️ here’s to the next 20,000.. keep up the good content
Thank you! I am hoping to get there soon.
I’ve been stacking for about 13 years now, I always buy the big dips rather than dollar cost averaging in every month. Just stacked my 13.5 k ounce last week and it feels gooooood! Keep at it guys!
Good stuff! All the best Richard!
Holy shit! Good job.
How do you have that much
@Tony Alai I do live below my means and have no where close to that
It's a start, keep going!
Congrats on the 20,000. Keep up the good work! I like your education process on "teaching" the masses!
Thank you very much!
Great video and a good addition to your prior ones. I have the issue that no amount of silver is ever enough. So to hear what it takes to be in the one percent it really puts things into perspective.
Now, this hits the proverbial SPOT! 😊❤
Haha. I say that all the time. Thanks!
The aG spot.
I buy 100oz bars. I don't like those rape premiums.
No lube.
@@baldguymoneyofficial sup bald guy? Since you give me all this great knowledge and free information I will share something with you. For those that can't afford to buy silver in have a little motivation let me suggest something. I dig historic dumps for vintage Marbles and find piles and piles of sterling silver silverware on the regular. It's all free and there's no premium on it. Just sweat and dirt. With all the other trinket e bulshit you find in the dump. This I hustle at the antique shop and convert it into silver with that fiat currency I get from it. I also have a channel with some of it posted if you're interested. Cheers and stay healthy 🍻✌️
You make some of the best videos out there and it’s straight to the point
Thanks Nickolaus. I appreciate your comment and that you took the time watch. All the best brother.
You are Kevin as well?
Congratulations on 20 000 Sub's. Keep up the great job.
Thanks Ian!!
Bald Guy's ability to explain this detail is phenomenal, crisp, clear, precise, practical.
I like it....direct to the point
Great skill, well done
Thank you so much! I will repeat the same for gold soon. I hope you will enjoy that too.
Congratulations Bald Guy. You will be at 200K subs very soon. The Patreon content is fantastic. It's like getting Christmas present each week. Fun video today. Keep on stackin
Thank you so much Ken! I appreciate your support of the channel. I've had a tough time keeping up with replying to comments. It's a good problem to have :) Cheers!
This was a really interesting breakdown. I've never looked at it that way before.
International borders between western countries aren't a big deal in my experience, just don't attempt to avoid the laws. If anyone's moving that amount of money they need to take care and make certain that they know the declaration rules and follow them. Thank you for going out of your way to provide correct information!
Now imagine with other pm's which are rarer
Thank you for your great support QuickSilver!
In the movie Snatch, the man was asked if you have anything to declare. He said"Don't go to England!"
That’s a great line. I didn’t get British cheeky humor until I started hanging out with some British guys. Now I love the banter.
That is amazing sir! I've been aware of this phenomenon for about 10 years and yours is just another edition to the dozen or so sources that confirm that I'm doing the right thing, kudos!
I have been collecting/stacking for about 10 years, but the last three I've been buying hard. I now have 400 Silver Eagles dating from 2012 to 2019, 200 Silver Maple Leafs from 2020 to 2021, 200 Silver Britannia QEII and 201 Silver Britannia King Charles III from 2023. I think on this stack for a while to see how the market goes. So, I doubt I will ever reach $1 million.
You're not a conspiracist, BGM. This was a great vid, and I'm constantly moving you up the ranks of my favorite content creators. The "everything is fine" people will get caught with their pants down. There are even certain stacker content creators who are asleep at the wheel. Crazy. Keep up the good work, my friend!
Agreed! Everything is not fine and it hasn’t been fine since 2008 (when I started stacking)!! It’s falling apart slowly and we just don’t know when the wheels will finally fall off.
Thanks BG for this video. I probably could look this up myself, but figured you could do another video just as easily. Same as this video topic, but for gold. Thanks.
I will do it!
American gold eagles are denominated as $50 dollars. If the $10,000 declaration threshold is based on denominated amount then you can travel with 200 Oz of American gold eagles. I guess the same is true for British gold coins because they are denominated in small amounts also.
That’s exactly why they put a nominal value on them! (But we all know the intrinsic value is exponentially larger!).
We can use the same loop hole as the rich. Few understand this.
@@bellydancerabiar7809 the rich get pissed when other people use their loopholes , that why they tried to publicly shame jimmy car for doing what they themselves were doing
@@bellydancerabiar7809 The rich just buy super duper expensive art and ship it overseas to move money. much easier.
Not exactly. It fully depends on the customs agent and I would declare any amount of bullion worth more than the $10k threshold. Don’t be silly everyone! All you have to do is fill out a paper - then you can lose it in a boating accident…
On the point of having more than $10k in cash on you. Isn't it true that if you are found with that amount of cash in the US, it can be confiscated (read "lost") by the law enforcement?
It is not entirely true. Legally (and I am not a lawyer or law expert), the police officer would need probable cause to believe the money is not yours or illegally gained. These kinds of stories are anecdotal and don't do much to guide the average person (in my opinion). Thanks for question though!
Congrats on 20k. Like always, a fun video.
Thanks Rick!
Always interesting
Thank you!
I remember the video in question from that other youtuber, thank you for the clarification on that subject. Your videos has always been professional.
Thanks for being discrete Chase. I am not trying to call anyone out here, I just want to keep things honest. All the best!
For a long time now, i proposed to compare silver to private net wealth. Seems like no PM expert wants to do it. So i did. My est. of inv. silver holdings are :
USA 2.91B oz of which 600-700M oz in ETFs
India 1.34B oz
Europe 1.2B oz of which 215-230M oz in ETFs
China 0.3B oz
How much silver there is per $10MM wealth in these nations:
- USA 199 oz
- India 944 oz
- Europe 113 oz, but much more in Germany
- China only 34.6 oz !
Silver is so strongly demonetized (trades barely above production cost) , that people with $1M in USA own 20 oz on average.
Would be interested to see a video on platinum millionaire status
I can take a peak into that - no promises though.
Totally government over reach is out of control, Bald Guy keep up the great work 👍.
Semper Fi Brother.
Heck Gerard! Thanks for watching my man!
Sheesh. I'm a "millionare" many times over. I've bought over 68 ounces in the last two weeks. Lol. I don't feel rich. Buuuuuuuuuuuuuuuuuuut, I don't feel poor either. 😉😉
It really makes you think - there are way more dollars out there than most people realize.
@@baldguymoneyofficial Brother, you said it! Let's break this down. Over 70% of the currency ever created is over seas. Saudi has basically dumped us as the Petro Dollar, BRICS is growing fast! Mexico and France now. The BRICS summit is in late August. I'm going to do one on this, but YT never does me right on those videos in the algo. My point is, Losing world reserve status, and the Petro Dollar, AND having all those dollars come back home could be bad, very bad. Scary and unsure times ahead Brother.
Well dang I'm a millionaire multiple times over then lol cool video brother!!
I’ve only been buying silver for about a month and from your info I’m already in the millionaire club. I hope it’s correct. Congrats on the 20k mark! Keep crushing it.
Thanks!
@@baldguymoneyofficial My friend you are growing on us and making us like you . Thank you for your information young fellow. God bless you richly . 👍✝️✌️
Keep the price down I’m only at 11 lbs atm.
20,100. Plus sent you link to all my kids.
You deserve 250000. You are worth it sir. One question :I bought some silver mining equities in early March and the timing seems to have been good after waiting 18 months. Now I want to buy more but paradixucally it's discouraging to buy equities which have risen from 20 - 50 %. So how long does the gold and silver bear have to run. I think years. However in the interim is a recession (which I think will only wipe 15 %-25 % from silver equities as the market had abused them so badly before this Spring) or pullback more of a probability than a continuation of the the bull run? I appreciate no one knows the future but you have been remarkably accurate in timing thus far.
I am holding my mining positions - I have a mining portfolio shared on Patreon and i just made a post there today on why I am bullish on silver still and why I think it will pull up the miners too.
It's easier for them to track unless you're moving billions from Malaysia into politicians' coffers.
I already have 50 oz. Getting ready to have 70 oz. Going to have 90oz by the end of this year. I purchase mine in 10oz bullion bars(all .999 and .9999 fine silver.) I am also going to diversify the investment in silver coins(all .999 or .9999 fine silver.)
I also ensure the bars contain the reputable logos such as SilverTowne Buffalo logo, JM Bullion logo, American Eagle logos, and Canadian Maple Leaf(or Canadian Royal Mint.) Just to keep them standard and have a very high premium.
But I'm going to continue stacking in the future. Not going to stop. But I think 300-400oz would be a great number to stop.
If you expect to spend time in another country and want to use your precious metals, have it sent by a carrier to the country of your choice for pickup
Great update.
1oz silver =6loaves bread. 1900. now and forever 🤔 that's really the story. Save your dimes.
when I first started stacking.. the average house in the UK was equivalent to 1050 ounces... and $1m divided by 68 = $14705.silver price which is unrealistic, however, the average UK house price now is £300k so, divide this by 1050 and the price comes to £285.. far more realistic.. so I would suggest 3000oz as the millionaire target on a historical basis.
38 yrs Gold , Silver collecting saving across the board ! 3rd generation jeweler ! 4ooo oz. 160 gold oz. ! House ,land ,car ,bike ! 12 months cash under my bed ! PHYSISICAL ONLY HJOLD IT OR BE A SHILL ! when traveling declare in smaller amounts over time ! GET YOU CASJH OUT NOW ! YOU ALREADY SHOULD OF ! THEY CAN GO SPIT ! THANK YOU !
Just started stacking silver since 18th May. I am in 120 oz till now.
That's great Masud!
That’s the rule leaving any country 10k or more must be declared
POINT OF REALITY CHECK .FINANCIAL PERSPECTIVE NOT IN THE U.S. DOLLAR. THEREFORE NOTHING IS BASED IN U.S. FIAT CURRENCY.
On our local News here in Oklahoma I see crime stories quite often where they say; A large amount of CASH and GUNS were found in the raid! They don't want you outside their system. Just think what the headline would be if they raided your house and found Cash, Guns, Gold and Silver.......
That's why our Grandfathers buried it in the yard!
To point at the elephant in the room: every stacker lives with at least the perspective to save money in a save way. This perspective might include some shtf scenarios so let me say, that in this case, *everything* you buy now to prepare or feed or protect you is a true gem and as cheap as it can get. A good kitchen knife is now sold in the supermarket for a low price. Do you realize, how *valuable* a kitchen knife is, when you have non? Or warm clothing or a pot to cook?
Gold and Silver owners are the new Lords and Ladies of that scenario (especially because stackers are very dedicated) but keep in mind: The cheapest good is that, that you buy now with paper.
$500K into physical Silver. if silver goes to 40/oz... i will be millionaire in Silver.
Fingers crossed for you.
Just save most of your salary and invest a portion into silver, among other solid investments. Wealth is more about the expenses side than the capital gain...
Hello from "The People's Democratic Republic of Crook County, Illinois.
Hey, we had two ex governors in jail at the same time.
Very interesting 🤔
Thank you for your research!! 🤗
Cheers Jen!
At today's spot price to have $1,000,000 (in US dollars) worth of silver, in one's physical 'in hand possession,' would be 39,262 ounces. Spot prices change several times every day. The posted millionaire possession count of 68 ounces is interesting. What category would having over 1000 ounces in one's physical possession place a person? I wonder.
I've calculated this. Monetary silver holdings vs wealth of nations. In India, there are 944 oz silver for every $10M of private net wealth. In USA its just 199 oz. In Europe 113 oz, however Germany is closer to India, and other Euro countries own extremely little silver per $10M of wealth
@@quant2011 Thank you for this information. Referring to the Indian amount, it calculates down to 94.40 ounces for each $1M. Having close to 1,400 ounces seems to be extremely high in comparison according to the data you have presented.
It’s meant to show how scarce silver is vs fiat cash. Thanks for watching!!
Let the people know.. just for the algoritme 😊
Some noise for you :) i am bald too.. I tell my children that im bald because i think so much
The grass doesn’t grow on a busy street.
@@baldguymoneyofficial ha ha ha
@@baldguymoneyofficial ha ha ha
Just a point... I see a lot of controversial about "top 1%". Some videos tell 492 ounces, others 504 ounces, and you say after 406 ounces... I don't know anymore what we sould consider!!!
I think my numbers are the best ones out there because I was really the first UA-camr (that I know of) to go in depth on the topic the way I did.
It takes 1.5-1.7 million to be an ASE millionaire 😅
LOL!! Crazy, isn't it? I wouldn't touch them now. But i am thankful I have a bunch from the "old days".
Yeah, 68 is not a bad number, but 69.................................................
Lol that my favorite number!
Always enjoy your content! A very unique channel talking about real money! Congrats on 20k.
Thanks Keith!
20K subscribers today, 100K tomorrow ! Although, honestly, I'm not sure what a "millionaire's share" of silver really means. If I had a million dollars (after taxes) I'd buy much more than 68 troy ounces .. probably 69 ! 🤣🤣🤣
Hahaha! $1 million vs the entire money supply - silver vs. the entire silver supply. That's how we reach the answer. Thanks for watching and commenting Ken!
Thank you, sir
Cheers Timothy. Hope you’re doing well.
I completely misread your title -- I read it as you are asking how much silver is equal to $1 MILLION USD--- taking 1,000,000 and dividing it by the price of a Troy ounce of silver will give us the number of Troy ounces we need to have ONE MILLION DOLLARS in silver --
That's ok George - I hope my methodology was clear for you.
0% interest @ 18 months worth a buy of silver? If we have none?
I wouldn’t borrow money to buy gold or silver. I take my time and buy what I can afford - been doing so for 15 years. It’s not advice, but it is my point of view. Thank you for watching.
How much is enough? I have about 1/3 of my net worth in gold & silver and some where north of 6000 Troy in silver. My advisor says 10% in your net worth would be on the high side. I say that would be about right if I believed the fiat currency was in good shape.
I don't see it as a matter of believing or not believing - I am a skeptic too! But I discuss how I use the current system to maximize my exposure to metals instead of refusing to participate. I hope you'll check it out! Thanks for watching.
68 ounces of silver makes you a millionaire?? Uhhhh, sorry, 68 ounces of silver makes you worth $1700. Since silver is presently at $25 per ounce, it is worth exactly that, no matter what the M1 money supply worldwide is. Sorry. If you want to have a million dollars of silver you need to own 40,000 ounces of silver presently.
You may not have understood the exercise. You may want to try watching it again.
Great job - AGAIN !
Encourage men/women over 59 1/2 to roll their entire 401 k ( crap ) account into a self - directed IRA .
A lot out “ here “ might actually fit that demographic and not realize that this is an option .
No penalties , and you get to pick gold , silver , American silver eagles , Royal Canadian Maple Leafs , etc .
How’s this for encouragement !
Peace ☮️
You can roll it anytime. I moved some of my position into a PM IRA when gold and silver was much less. Only caveat is it needs to be stored in a depository which is not a bad idea. If it were stolen from home, there will be much wailing and nashing of teeth
@@kenderosa8528
Great comment !
The key is to buy the bullion from the dealer you want with the product you want. The dealers will work with your custodian. Never buy from those that do everything. They will fleece you
@@kenderosa8528
I didn’t even know that was an option .
But I’m so happy that I did what you said : I cut a deal with my pm broker , then TOLD the custodian my deal , then the custodian verified what I said , sent me the proposal ; when the metals were deposited into the depository of my choice ( 2- BRINKS or Delaware Depository ) THEN the custodian releases the money to the broker .
Very smooth transaction .
@@rudeawakening3833 Well done. The depository should charge a flat fee and not based on how much you have in PM. This is the arrangement I have and they do all the tax paperwork and keep the dust off the gold and silver coins in the vault.
Hey man,
Are you looking for a professional UA-cam thumbnail designer?
Hi! I am not. I think my Thumbnails are pretty good. Thanks though.
Congratulations 🎉 on the twenty,
20 thousand subscribers bald guy 👩🏻🦲you deserve it brother... ❗🔥🇺🇸🥈🥇
Here's to another 20,000... 🍾🥂
Another fantastic video 👏🏻
Thanks Zayne! I appreciate you brother! Cheers.
Based on your percentage, this means 1 oz of silver will be at $14,705 per oz?? Really??
No. It means for every 1 oz. of silver, there are 14,705 dollars in existence. That’s what it means :)
Good Info as usual... When it comes to Silver I guess I could take a seat next to Elon Musk...🤣
lol He'd be lucky to sit next to you Rick!
LOL - 68oz of sliver is NEVER going to make you rich - just like the money supply they are "printing" more silver by mining it in huge quantities
I agree. That wasn’t the message of the video. The message was to show how scarce silver is compared to cash. Thanks for watching.
Long time watcher...first time commenter 😆. Great video. Thanks!
Thank you for massaging the algorithm for a bald guy. Cheers!
Bought a 10 ounce bar at my LCS today, got a good deal, $290 no tax.
Nice deal.
@@baldguymoneyofficial and it was the Provident Prospector from about 5 years ago...checked eBay completed and they range from $330-$455 each
I have 500oz I'm I a millionaire
One question about traveling with bullion. An American gold or silver eagle is taken at face value and the same is true for other sovereign coins. Canada will let you move tax free with gold coins except it needs to be 24K fine gold
The truth is I am very careful when it comes to cross border travel. I can’t give you a definitive answer on whether silver and gold coins with face value are taken at that (I don’t know is the answer) - I would simply flag it to customs if I had it. Worst case scenario you have to fill out a paper and they know you have it.
Hi BG, Awesome video! Thanks for reminding us how much more precious is the true value of silver.
If you use Bananas instead of silver each one would be worth $198.59
Bananas age and rot though.
I have just over 700 ounces of silver. That gives me 10.29 million! I’ll take an even seven million for it.
Hi Yendor! Remember, this is a comparison of silver to M1 money supply. You’re stack is impressive, but I just want to say it may not reach a 10.29 million dollar value in real terms. Just want to be clear on the message of the video.
Mexico about to nationalize silver minds most pure in the world.9 out 30 mines in the world
I’ve been alerted to that. Thanks for sharing!
We aren't free if we must declare our walking money. This world is stupid.
I agree 100%!!! I didn’t make the rules.
Hi Bald Guy. congrats on 20k subs. Many stackers talk about how friends and family don't buy into the options of precious metals stacking when we try to explain the benefits. Have you experienced this and how do you overcome that?
so true
How about the USD is now officially worth .03 and going down or inflation is high and PMs offset inflation.
I have experienced that and I've noticed that slowly some of them come around on the topic. These days I don't try to convince anyone - if it comes up I say my piece - more an more people are coming around on the topic these days with everything happening.
My goal was to stack 1k ounces of silver but only have 200 ounces right now.
Great progress!
I’m going to shoot for stacking 69 ounces- that’s a pretty special number too.
Lol yep
Thank you for clarification on the 10k rule. I think the UA-camrs are lying in order to sensationalize the topic. I've traveled overseas numerous times and nowhere did an immigration form reflect a 10k limit. They typically just say you must declare amounts over 10k. That's it. If they ask questions just answered truthfully and you won't have problems. You might have some explaining to do if you have a briefcase with a 100k but they still can't arrest you or take away your money.
I’ve traveled with more than 100k before - I filled out a document confirming the money was mine, where I got it, and what I plan on using it for. They sent me on my way. I’m speaking from a place of experience. Thanks for watching.
Do you live in the US? They may not arrest you, but they definitely can take it away, and have before.
(More so talking about regular cops, over TSA, but they likely have similar powers of authority?)
Look up Civil asset forfeiture.
Never In my wildest dream would I have thought that the 1500 oz that I have stacked would have even been in the top 10% let alone in the top 1%
When you compare the supply of silver to total money supply - it really opens your eyes, doesn't it?
Great video, but I want to focus this comment saying hello to the algorithm!
Hey Stax! Thank you!
HOW RITCH IS PERSON WHO HAS 10000 OZ OF SILVER?
That person has to be doing very well I'd say.
I'm not following the math in this. 4,000,000,000 x .000002 equals 8,000. Not 68.
I think you missed that it’s a percentage - meaning you still have to move it over a couple decimal places.
When you’re talking about the 1% and how much is needed to be a millionaire are you talking about a standard ounce or Troy ounce?
Always in Troy ounces. With respect to the number in this video - 68 troy ounces - remember that is how much silver is equivalent to $1 Million considering total supply of silver vs. cash.
One Million in "Unicorn Fart Dust" (USD) ?!?!?
Obviously, you can see I watch 'Ron's Basement'.
From one bald guy to another, absolutely awesome videos and information! Love your stuff! The best! 😊
Thank you!
Yes silver is undervalued but you'll have to carry that around, 1 oz of gold will give you a million dollars and it's easy to carry
Hehe true.
Congrats on reaching 20K subscribers! Keep up the great work! 🥳
Thank you so much!!
Wow i was guessing 40,000 ounces
Let's beat Peter Schiff, he has about 500 some-odd thousand. (LOL) You will do it!
Thanks baldbuy. AMy wife and I just just bump swapped our silver tubes. Thought id let you know !
Thank you so much. I will inform Robert Kiyosaki that it has been done.
@@baldguymoneyofficial he will be proud of us !!
Knowing I'm a millionaire many many times over feels good to hear from you Balled Dude money. I won't disclose my total stack, but..... 68 Oz.... I just might have over 50 million.....
Takes dedication to stack, and dedication pays off sometimes.
Keep your heads up, and pray for lower premiums....lol...
God bless.....
Grow food, and enjoy the good times while they last.... very important!!!
If You 100 oz of silver where does that put a person??
This will help you: ua-cam.com/video/vthprFLyPNY/v-deo.html
Awesome! I am excess of of being a silver millionaire, but I don't have 200 oz yet.
Australia I'm 60 n only just opened up my mind ❤
Welcome Greg! Australians are most welcome here!