Are Gold & Silver Safe?

[@ronwinkles2601]

I like having about 30% in gold and silver and 30% cash and the remaining 40% in real estate. My family survived the revolution, US Civil War and the Great Depression with this ratio of investment. No stocks and no bonds. I retired at 45, my Dad at 45 and my grandfather at 56 all from real estate investments.

[@2is1gold]

🤜🤛

[@canadianstacker]

Interesting. From the news I've heard lately, the stock markets' fundamentals seem rather shaky.

[@DavidBerra]

Investment advisers don't make commissions on your metals purchase...think THAT over!

[@2is1gold]

Very true.

[@OneGold_777]

Bought a 1/2 Gold Eagle and some silver today. Even at these rates, I didn't care.

[@2is1gold]

Cheers!

[@silver-en7kl]

Smart

[@go4it129]

1/2 oz coins are going to become more popular now that gold is getting so high. 1/4 oz as well

[@SniperLogic]

Dave Ramsey snarls, “It’s just a golden rock.” Welp. Lots of people, banks and governments *love* their ‘golden rocks’ these days. 🤣

[@2is1gold]

True

[@kevinhighlander2207]

@@2is1goldForensically follow the $. Who does Dave sponsor? It would appear not to be real money.

[@go4it129]

@@SniperLogic Dave Ramsey largely gives advice on how to get out of doubt and stay out. Gold is not an investment!

[@rodneydyer351]

Rock on!

[@kaliber73]

@@go4it129it is up 30%… Think again.

[@Rosco-739]

Buy gold even at these prices

[@Thepatriotstacker]

@@Rosco-739 well you can buy it when its higher I guess

[@kingjames9564]

I bought my 1st ounce two days ago

[@sonnygunz9207]

@@kingjames9564That’s awesome! Congrats.

[@Xylo58]

Why not? World central banks are 😊

[@JOHNBANNON-ib3cj]

I WOULD IF I COULD !!

[@WiredForFishing]

Gold is the way.

[@glenh4971]

Gold and silver is not completely safe. Gold is safer. But not completely safe. That being said, cash is not completely safe either. Its not a bad idea to have some of each. Many people cant afford to have gold, silver or cash. So we should be thankful if we do.

[@2is1gold]

Agreed

[@aliekatsmom]

Amen 🙏your absolutely correct. I f you do consider your blessed .

[@Sldghmmr338]

When the FIAT resets it will be based on gold only. Everything thing else is an asset. That means silver also is just an asset. Gold is the real and only money.

[@ComicCommando]

When Nixon took the US off the gold standard the dollar index was created and it's level then was 100 and today it's at umm 100. The big difference here is in 1971 it only took 43.15 to buy a troy ounce of gold, today around 2700. What safe haven does the dollar have then? NONE

[@fireboltaz]

Gold will hit $3k this year

[@misterfixie6003]

I just went and checked, yeah all my metals are "safe," including the mixed lead and brass.

[@2is1gold]

phew

[@edb3877]

As a rifle and pistol cartridge re-loader, I approve of the 4 PMs... gold, silver, brass, and lead. 👍

[@jwb4bb]

Fiat can expand infinitely, gold and silver cannot. Would you store you labor in something that can expand to infinity?

[@Thepatriotstacker]

Well said!

[@WasatchGarandMan]

Hmm yes, I think I will buy some 90% Silver and fraction gold today

[@RG_SRQ]

I like that idea. 😎

[@go4it129]

I was going to sell some silver today for gold. I’m slowly getting out of silver with the exception of 80 oz ML and 21 ASE. Holding that and I’m done with Ag. A wholesale dealer near me today offered me $1.00 below spot even for ASE . Told me silver is deflated. ?????🫤

[@LarryBird2233]

Vermillion Enterprises is who you need to sell to

[@go4it129]

@@LarryBird2233 I live in Kansas City, MO

[@LeadingIndicator]

Silver is NOT safe: I stacked 10,000 ounces of the stuff with no problem, but when I added just one more 20 oz tube, the stack collapsed and killed my poodle and shattered the aquarium. I barely escaped with two broken legs. From now on, I’m trading XAGUSD.

[@2is1gold]

Gravity will always get you.

[@RG_SRQ]

Poor poodle! 😂

[@Au_sniper]

Surf and turf kinda night. 😂😅

[@bhargi4692]

@@Au_sniperin Springfield haha😂

[@theHDP]

😰

[@CollectingWithGules]

I love gold and silver

[@2is1gold]

🤜🤛

[@Kenlydford]

Yes, I do also. They are beautiful metals that you can hold and admire and appreciate the hard work that goes into stacking and collecting, not to mention the discipline to stick with it 👍

[@brita654]

It seems gold is the way. But I have over 10 lb of silver because…..it’s good stuff also. And beautiful coins. They are already fractional! And I believe it’s on its way up.

[@brita654]

I do appreciate that you avoid politics Mr 2is1.

[@2is1gold]

🤝

[@edb3877]

Agreed. When something exists in HUGE amounts, its value decreases considerably. These days we are inundated by politics to the point of gagging on them. 🤮

[@FaithandPurpose828]

Facts. Love the metals info minus the political dogma.

[@TheQuickSilver101]

I've been buying less since the price has risen but I'm still buying. Once upon a time I kept my metals holdings directly connected to a percentage. I no longer care so much since I have a good position with my investments and my metals

[@2is1gold]

Percentages would be very hard to balance these days!

[@edb3877]

@@2is1gold They would unless one used "ball park" figures. I used 20-25% as my figure for PMs portion of my wealth, even when it was less than that because they were targets I hoped to achieve. In 2019, I did achieve those percentages and they are slowly rising. 25% will be my "stop" level. And yes, 25% of my wealth in PMs would be seen as considerable by most stackers.

[@TheRazzaManazza]

There's something to be said about looking at that stack of gold while I eat my ramen noodles. Im not sure what it is, but darn.

[@2is1gold]

🤩😵‍💫

[@Btc1ml]

There is only a certain amount of gold in the world but an endless amount of money from the governmentjust printing more of it, its only amount if time before gold supply starts running out from everyone buying it up and holding it. 10,000 gold isnt as far away as people think.

[@MHollywood5]

And what's the "certain amount"? The more discovered lowers it and as soon as it can be mined in space it's over with.

[@victorfrankenstein50202]

TWENTY PERCENT in Gold. Equities are paper wealth until you sell them, then they become fiat dollars. Best thing to do with that fiat money is to buy Gold to protect your purchasing power (against the ever shrinking value of the dollar).

[@christopherstewart9874]

Your "rolling correlation" uses a time span that is much too short. You should look at the correlation over a 10 year time span. Gold is not a "trading" asset. It protects your portfolio during the "lost decades" that equities experience. No one talks about "lost months" or "lost quarters." Also, 5-10%? Those are rookie numbers. The most detailed analysis I've seen suggested about 30-35%.

[@2is1gold]

That's a 30 year chart, good sir.

[@christopherstewart9874]

@@2is1gold That's a chart of 30 1-year correlations. What I am talking about is the correlation between gold and equities over a 10 year period. I would suggest watching the KZbin video by belangp entitled Safe Withdrawal Rates Revisited. Actually, I would suggest binge-watching all his videos, but that one has a chart that clearly shows the long term correlation between gold and stocks. That's what I'm talking about. His outlook on gold is very different than that of every other KZbinr I can think of.

[@drewlucy4008]

This 100%!

[@edb3877]

I use a 20-25% allocation to PMs. I believe that when truly hard times come, which I am convinced that they will, PM prices will rise very high and vert fast. It's not out of the realm of possibility that they could do a 10x or more. As long as they cover the cost of my paper investments, I'm good with it. Not greedy, just looking to replace what would be lost in a severe financial / economic crash and maybe add a little for generational wealth.

[@Mauitaoist]

98% PM allocation, 2% cash, zero stocks, bonds, or real-estate.

[@edb3877]

We all have to do that with which we are comfortable, so if that's your portfolio, I sincerely wish you the best of luck with it. Personally, I like a more diversified portfolio that is based on about an even asset split among the "Big 5" asset classes, which are in no particular order: 1) stocks; 2) bonds; 3) cash and cash equivalents; 4) commodities; and 5) real estate. Such a portfolio tends to generate more wealth than any other that is invested in any 1 of these. My own portfolio has generated over $660k over the past 20 years of retirement, so is nothing to sneeze at. That money was withdrawn to pay for most of my living expenses plus a good amount to increase the PM stacks. But, each to their own and may they make wise choices because there will be financial consequences if they do not.

[@go4it129]

@@edb3877 Great job!

[@mikythesaint6507]

I cashed out all my stock market positions, happily bought gold, sick of looking at the market, just need to concentrate on my family, pay off my mortgage on October 17th when my bonds mature, sick of the greed , but just thinking about my kids. sterling and dollar will inflate like mad now, gold is revaluing the dollar everyday. i take it china and the rest of the world are night buying as the dollar slowly loses its hegemony. don't get me wrong it will always be the prettiest Fiat crap in the world . but cant see anything but much higher inflation. 😞 Greedy Buffet I just ignore him, he has so much he can influence the market. such greed in such an old man. 😞

[@Jan-m5c2r]

@mikythesaint6507: "gold is revaluing the dollar everyday" - I really don't think that is how it works. Neither do economists.

[@go4it129]

I couldn’t do that. I don’t have any stock or mutual fund below a 50% gain. Some 1000% gain. My only loss is a Sprott gold fund. 30% loss

[@Jan-m5c2r]

@@go4it129 Yeah, that's "Sprott price" 😞

[@edb3877]

Buffett is beyond greed, IMO. He has a HUGE fortune and isn't shy about supporting various charities and other causes he deems "worthy".

[@go4it129]

@@edb3877 The man who lives in the same modest house he’s lived in a good part of his life. Not sure which Buffet you’re referring to.

[@RG_SRQ]

I think it's time to buy both gold and silver. Peace! ✌️

[@2is1gold]

🤜🤛

[@codypetticrew7763]

Feel conflicted but okay with it....traded a good amount of silver to finish a Buffalo tube, not too far back. Gold has done great, and I have just waited for good silver eagle prices, and well, gold is always on the buying schedule. Great video as always man!! Keep them rolling!

[@2is1gold]

Cheers!

[@JBeck556]

Silver is good. Gold is great. Have them both, just don’t wait. Probably should pick up a half oz AGE after this elk season wraps up Sunday night. Cheers.

[@2is1gold]

Cheers!

[@markgotschall2914]

20-25% makes sense to me.

[@edb3877]

Agreed! 👍

[@wasillastacker]

When I started stacking I never assumed I would make money on my stack. I was just looking to have a safe place to store and physically hold my money and hopefully not lose any.

[@Rascal-of-War]

Unless a major world event sends the value of silver skyrocketing, it would take a lot of years for the spot value of your silver to break even with what you've paid due to premiums. Unless anyone can convince me otherwise?

[@AndrewCummings-do2bz]

It's definitely a long hold metal.

[@edb3877]

I bought most of my silver when it was $14-$16 an oz. I don't care about premiums. They are the price of admission to the game. At $30+, I am comfortably in the black on ALL of my PMs. Same for gold bought considerably below the current price.

[@DanCooper404]

I bought generic buffalo rounds a few weeks ago for $31 apiece. Spot is $31.84 as of this minute. That's not a huge profit by any means, but if you buy the dip, you can be in the black in short order. The average cost of my silver stack, with premiums included, is $27.94/ ounce. I only started stacking last year.

[@Rascal-of-War]

@DanCooper404 I'm not sure how it works in America, but here in the UK the capital gains tax means it's much safer to buy minted coins than it is to buy rounds, if you ever have any intention of selling them.

[@Rascal-of-War]

As you can probably tell, I'm new to buying metals. Other than more flexibility with trading your silver, (I.e not having to cash in £2k worth of gold when you need money) why would anyone buy silver as opposed to gold?

[@lovemuzic88]

Your videos are awesome. Thank you for sharing your knowledge every single day.

[@john316godlovesyou5]

Great video as always! Thank you and God bless you! (John 3:16)

[@MayhemProspecting]

Anytime I’m interested in a stock I like to zoom out and look at a companies 10 year chart. Take it to the basics and watch the trend and volume traded. WESMF unfortunately has been on a downward trend for the past 10 years and a very unattractive volume traded. Swing trading you can for sure make some money but long term their companies direction doesn’t seem solid.

[@investordayz4421]

The company went public in 2020 - they took over a previous company so the 10 year isn’t really accurate

[@MayhemProspecting]

@@investordayz4421 very true but still all downward since 2020 and poor volume

[@bdegrds]

It's strange times. There is excellent returns in bonds, but gold is at an all time high also. There is a bullish sentement on gold but it's price correlation with oil prices is interesting especially since oil prices are dropping.

[@mark6360]

I bought several ounces of gold, first purchase, because it outperforms the dollar, savings accounts, and CDs. I had some money sitting there in a savings account losing value due to inflation, so I bought gold.

[@TheMichaelguadagno]

I DCA my metal purchases and look at it as more of a savings account. Every dollar I’ve invested is still with me and appreciated along the way, if I were to have that cash, it is losing value and is much easier to spend than my metals. Thank you for your time and insights.

[@Thepatriotstacker]

Hard assets…. Love them all🙌🏻🇺🇸 this channel is one of the best in the business. Keep up the amazing job brother. 🥃🇺🇸🥃

[@2is1gold]

Appreciate that. Thank you!

[@michaelmccoy2847]

Keep investing. Keep saving. Keep stacking. Diversify ✨ Thank you for the content 2 is 1 ✨

[@2is1gold]

Cheers!

[@Fstcars666]

My portfolio consists of gold, silver, and transferable machine guns 🤘

[@Fstcars666]

@stevexracer4309 No, dude.. pre 86 transferable machine guns... price of admission is not for everyone, tho.

[@AdrianClimbs]

Ya that’s a crazy barrier to entry do you think the price will go up in the next few years I was looking into a mac

[@AndrewCummings-do2bz]

​@Fstcars666 yea, they pretty much start out at 25-$30,000 right? For a more common 'cheaper' one?

[@edb3877]

@@AndrewCummings-do2bz Yes, they do and it's all a scam. The difference between a full auto rifle and semi-auto rifle is about $30 in parts. Some were buying full auto AKs in Africa for $20 US or EU. Not new of course and probably pretty well used but still, that's a HUGE discount compared to the legit rifles. Drug lords and other criminals had no problem getting them.

[@5ivestring]

I'm not sure I am even close here. But if gold was worth $25 back in 1932 and the dollar was also? Then the gold now is $2673. Gold went up 107%? Does that mean if you had paper money back then it is actually worth less than $1? Like nothing at all, but negative, .07%? Making it worth a penny or there about? ? I play the banjo, I'm not a mathematician.

[@edb3877]

Well, not exactly. In 1932, gold was worth $20.67 per oz. and a $20 double eagle coin contained 0.9675 oz. of pure gold, however "pure" was defined then. So, the calc there is that $20.67 / oz. x 0.9675 oz. = $19.998, close enough to $20 as makes no difference and could easily be exactly $20 depending on how many decimals one uses and what rounding scheme is used. That said, the US$ was worth $1 at the time. As to your percentages, Gold moving from $20 / oz. to $2673 would be $2673 / $20.67 = 129.3 TIMES the value in US$ or 12930%. "I play the banjo, I'm not a mathematician." Yes, I can see that. Not a mathematician either but have degrees in physics, chemistry, and mathematics. For me, math is an extremely useful tool that I enjoy using when needed. But I am not a mathematician because none of my work was ever... "elegant". lol

[@touch3010]

Gold has maintained a constant value. In Medieval times gold would buy a good suit of armour. Today it will buy a good brand suit.

[@allenflores5110]

Could also buy u a good plate carrier with plates with a good amount of ammo and mags

[@benburrowes8767]

May we live in interesting times.

[@edb3877]

May we *survive* the times that become *extremely* interesting!

[@silvercobra0923]

I took a chance & went 80% ............SHAZAMM BABY......SHAZAMM 😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊

[@rd9102]

I do prefer taking it from the point of view of my portfolio, it is a more holistic approach. I do think 5-10% is a bit low, for me i'm more at 15-20% as a long term goal, i might even go as high as a 25% stretch goal BECAUSE of how much damage is being done to the Dollar over time. Also as you mentioned as the portfolio grows the total savings in Metals grows but given that i am mostly in stocks i am fine with the % going higher if stocks come down and Metals go up, the goal is to Dollar Cost Average into my stack over time, not worry about the minutia of how i get to "the end".

[@AlanReynolds69]

Precious Metal Spot Prices Metal Bid Ask Change Gold $2,672.64 $2,682.64 +20.51

[@BlackCrossCrusader]

I'm getting a substantial amount of money this weekend, making some good purchases on gold and silver. I'm not a betting man by nature, but my intuition tells me gold will hit 3000$ USD in 2025. Feel free to highlight this comment then if it reaches that amount, or it if does not, derided it to your hearts content. Either way, I'm gonna keep stacking 'em.

[@SniperLogic]

I’m not gonna bet against ya. I lose enough bets already. 😂

[@AndrewCummings-do2bz]

A bit of silver might not be a bad thing to add, everything is pointing In the direction that it will go up, it's so under valued right now.

[@edb3877]

I never deride people for making honest mistakes because we ALL make them. Gold definitely has a heavy tail-wind these days and should easily reach $3k per oz. at some point in the near future.

[@JasonDeville-fi4dh]

I like u the most you have good videos and your voice is good and you have nice logic.

[@motopilot74]

I bought $10k in I-bonds in Aug 2022. The interest rate was 9.62% so it made sense to me. I also bought a few ounces of gold in April of 2023. Gold was about $2000 an ounce. I also dropped $10k in an 11 month CD in Jan of 2023 that was paying 5.5%. This was me diversifying my cash. After 25 months in the I-bonds that $10k is worth $11,141. If I had put the same $10k in gold in Aug 2022 at $1816 (+ premium) it would be worth $13,747 today. So gold was indeed the better purchase. With today's gold price around $2700 + premium it's going to be a hard pill to swallow. But I'm going to redeem the I-bonds and buy gold. I'll buy 4 ounces with that money and in another 24 months gold will be close to $4k an ounce. No one has a crystal ball to know if gold will continue the run up or have a huge pull back, but I do believe the fundamentals have changed. We won't ever see low $2000's gold and if it does break $3k in the next few months I believe that will be the new floor price. I do not share the same sentiments about silver. Gold is where it's at!

[@3B-TM]

Solid advice as usual 💪😎👍🇺🇸💰🙏

[@2is1gold]

🤜🤛

[@silversleuth007]

Buy what you can, when you can, WHILE you can... Without neglecting other priorities. Physical possession is important to me. I got completely out of stocks last month. If the balloon doesn't go up by February, I will adjust accordingly.

[@cphipps1969]

I sold a krugerrand to my lcs for $2,635 today and they were selling them for $2,685, so only a 1.9% spread. Just taking a little off the table to pay a few bills (property taxes coming next month). If gold dips back below $2,400, I'll be a buyer again.

[@ContrastWithSepiaPrince]

I'll have a look-see at the mining company. Much respect!

[@natemr4482]

Great video brother thanks for the info 🥃🥃🥃🥃

[@2is1gold]

Thanks Nate!

[@boilermatt]

Thanks for the insight! 😊

[@stevecurtis6393]

Gold is bad for you, can cause Fever, high blood pressure , loss of appetite, confusion, loss of sleep, paranoia and many other symptoms. To find out how it will effect you buy some. One more thing do not tell anyone you own some gold can cause new set of symptoms. Hope this helps.

[@2is1gold]

The only cure is more gold.

[@brita654]

My hope is that I make it 3 more yrs to 62, then start offloading little by slow to supplement retirement, hopefully during another high spot price 😊

[@edb3877]

@@2is1gold There IS no cure! But regular treatments are necessary and help stem the gold buying urges. lol

[@edb3877]

@@brita654 That is one of the beauties of PMs. If prices are low, we simply hold them until they rise to a suitable level. Having a well diversified set of assets is the key, since at least one of your assets should be up at any given time. Holding 5% of your assets in cash will assist with that.

[@blakekogut3045]

40% is what i like to do as a separate savings to eventually convert a portion to real estate

[@michaelporter5679]

lol, I definitely have a lot more than 5 and 10% in my stock portfolio.

[@gerardramirez6320]

Right on Brother

[@veteranredbeard6222]

I just got into precious metals. At this point, i can only afford 3/4 an oz, and $500 in silver. Im happy thought because i have a lot of ammo, water, and gas storage.

[@tann888]

Brought 1 oz gold bar and 1 oz American eagle to my LCS just to see how much he would give me in case I have to sell in the future. He gave me 20% below spot for the gold bar (Pamp from Costco) and 2500$ for the 2024 American eagle. That made me feel like buying gold isn’t a smart choices. Where to sell gold if you have to beside your LCS.

[@YHVH1483]

Sounds like you got ripped off. Haven't sold in awhile, but I was always given spot or a little above.

[@AKAFringe]

would you do some thing on Gold IRA,s? the in's and out's?

[@2is1gold]

Do you mean trade in and out using an IRA?

[@edb3877]

@@2is1gold More likely how it's done and what to look for in hiring a custodian.

[@ferebeefamily]

Thank you for the video.

[@2is1gold]

Thanks for watching!

[@Rascal-of-War]

The premiums on silver are too high

[@BomalNeloAnagrm300]

Thanks again, 2is1, for another informative video with your unique perspective. Your concepts usually make sense and are practical. I'll look into the gold mine as, being Canadian, I love investing in my own country (even as bad as it is right now. OH,, Canada . . . )

[@2is1gold]

Cheers!

[@realpropertymangement7640]

Central banks are building their castles with those shiny rocks! They know it'll be a defensive environment in the very near future.

[@Btc1ml]

Gold will have a 3 in front of the price very soon. Buy consistently and don't look back. Would have, could have, should have. Imagine all of our great great grandparents stacked gold and handed it down generation to generation.

[@Btc1ml]

I think its also a supply and demand issue. There is only a certain amount of gold in the world and people today have much more extra money than in the past. The smart phone has changed everything from making millions of more millioniares to making it very easy to buy gold. I believe gold is going much higher just from supply and demand. Between crypto and the stock market and the smart phone and people getting much more wealthier than ever before gold will be bought more frequently and prices will continue to rise like never before. 25 years ago you couldnt just go on a phone and pick and chose from millions of coins and have it at your front door in 24 hours. Gold is a huge hobby now its not just someones grandfather going to a shop in the 80s buying a coin.

[@silvercobra0923]

SILVER & GOLD..🤩🤩 RUN BABY RUN 🤩🤩

[@maryperrysmith5815]

I got my first Maple leaf I’m thrilled

[@fbazzrea]

i save silver independent of any other financial goals.

[@investordayz4421]

I bought some $WESMF - nice stock pick 👌

[@Adam-ei1uk]

Me too! $WESMF

[@chapo7943]

Same here 💪

[@buckfifty-two-thousand8640]

I’m waiting for the gold to silver ratio to close - want to convert some silver to gold

[@michaelporter5679]

Would you invest in this mining company right now?

[@merlindodson7562]

I am just wondering how 50 oz of gold could possibly sustain any family of four in America for 2 years. I just purchased 20 oz of gold for 50k and I am very sure that even 120k would not sustain my son and me for two years. And I consider myself to be frugal and I don't have anything I don't own outright so I'm not throwing a bunch of money away on interest every month.

[@igglybiggly6951]

When our dollar goes completely sideways.....and it will, your 50 ounces of gold will be immeasurably valuable and barterable.Look to the not so distant past with Germany and Weimar Republic....an ounce of gold could buy a city block. Don't think its possible? Think again.

[@merlindodson7562]

@@igglybiggly6951 Don't get me wrong.... I've been stacking metals for some time now. Just saying that as of right now at this moment, a 50oz investment in gold is not security in two years living expenses....until it is

[@DavidBerra]

Buy buy buy silver. .bankrupt the shorts!!!

[@tacojonny]

Bought an ounce of gold today. Had to order online because my dealer can't keep it in stock.

[@DavidGurneyCow]

I worry about those who buy fractional gold. The premiums are foolish. If you want fractional gold, use silver! Don’t go lower than 1 ounce in gold.

[@2is1gold]

Silver has much higher premiums than even 1/4 oz gold. 1/10 oz would be lower if we're talking about comparable products. If you're comparing to generic 10 oz (silver) bars then sure.

[@danielwebb7454]

Fractional gold is always good! That's why they make it. As long as you stay close to spot, you'll be fine. I 've bought and sold many Fractional coins. And I 've never lost! Ever-heard-of-it 😮? Fractional is affordable! Fractional is easier to sell! Fractional is better than one ounce in breaking up an ounce of gold! Most people don't purchases things that cost thousands of dollars everyday. One ounce of gold right now is over $2600. In a SHTF situation there won't be large purchases at first. When you're trying to buy a loaf of bread, or meat. A one ounce gold coin will be over-kill, and hard to transact! Nuff said.

[@CDmatt]

Gold and silver being up this much may not be normal but these aren’t normal times. I think the future will be less normal

[@richardmetcalf2346]

My little rock must be magical!! It just keeps getting more valuable!! I don't know why? 😀😅😅😂🤣

[@eliesaikaly1911]

A cup of coffe now is 2 dollars so, gold at 2600 dollars still cheap in compare to other products prices.

[@MHollywood5]

I'd have a lot more gold if I had a piece for how many videos you name like this.

[@rifqis2788]

Hi guys, I dont really get how market works today. Why are gold and silver being traded, when in actuality, those metals in the trading app/forum dont have any underlaying assets (cannot be converted into real gold or silver), basically just numbers being traded. Can someone explain to me about this system?

[@edb3877]

Sure. When one buys gold or silver futures contracts or an ETF that holds gold and / or silver bullion, you are not buying these physical metals but you are placing a bet on the price of these metals. If their prices rise, your investment grows. If prices fall, your investment shrinks. You can buy more or sell all or part of what you have at any time with a few mouse clicks and there are no premiums, other than a small ETF fee for management and administration. Futures contracts have their own price and duration time limit, so one could buy a short term contract for less than a longer term contract. Longer term contracts cost more because they expose the seller to more risk while shorter term contracts cost less and expose the buyer to more market risk via volatility concerns or by simply expiring with no loss or gain, essentially becoming worthless at the end of the contract period. There are whole books devoted to the buying and selling of futures contracts, options, and derivatives, so this comment is only the briefest of looks at what they are.

[@nathanielwilliams6609]

I bought 140 oz. of gold last year when spot was between $1900-$2000 if memory serves. I only did it because there was a lot of talk of banking collapses at the time so I wanted something to move into. It was really just dumb luck that gold did what it did since then. I'm really in the camp now that I should pair down to that 2 years worth of expenses idea and reallocate into more bitcoin. I know prices have surged but the numbers are pretty hard to ignore. Bitcoin has been the single best asset in the world over the past ten years. Obviously it's been even better than that since it's inception but I find it's best to measure it based on when it became a liquid asset so ten years seems right. Over the last ten years BTC has had an average year over year growth of roughly 65%. That beats literally everything and there's no reason to expect it to stop when you look at market participation specifically on the retail side.

[@jayroc3337]

I have a belief that I’m will to defend however I’m open to different opinions. I think 1/10th Oz gold eagles will be the move if you can waste some money on premiums to buy. I have been buying gold and silver for about 6 years and am switching gears from big bars and full Oz gold coins. I think if there is an issue in the economy fractional will be more important. I’m in a unique position where paying the premium doesn’t really stop me. I’m betting on fractional winning in 10+ years over fuller Ozs

[@edb3877]

I guess that would depend on how one defines "winning". I like fractional oz. gold coins and have several 1/4 oz. and 1/2 oz. gold coins but none of the 1/10 oz. gold coins. In fact, some speculate on gold getting to $3k an oz. at some point but it's here right now IF you buy 1/10 oz. gold coins, most of which are at $300 each, so 10 of them make a full oz. and 10 x $300 = $3000. So, while I avoid the 1/10 oz. gold coins, I do like the 1/4 oz. and 1/2 oz. coins due to them being both fractional and efficient via their lower premiums per oz. When we get to some really hard times, probably via a financial or economic collapse, it will be good to sell some gold to keep our lifestyles at a comfortable level. But since inflation is likely to be raging at that time, we only want to sell the smallest amount of gold that will meet our needs at that time. I also have a good stack of silver, so can use it for this purpose instead of the 1/10 oz. gold coins.

[@jayroc3337]

@@edb3877 yes. Which supports my opinion. I have full OZ gold however when gold gets to 3k an Oz, who will be buying a full Oz? If the economy is worse then it is now , it will be, who will be buying full Oz? Company’s will still buy however it is more expensive to manufacture fractional then it is large quantities. I have big bars of silver, I hate them. I love my fractional silver more because of its future uses and I know they cost more to produce, I also got all my fractional silver on a great deal. I just believe in 10+ years fractional gold/ silver will be more valuable , if you buy today, because of production costs, the economy and the average available money people have.

[@KingdomWorksSyndicate]

Gold is going to 10K and one day we’re going to look back at these 2k prices and laugh

[@MakeYouProud]

Should I buy silver now, before it goes up?

[@2is1gold]

Are you buying to hold for years?

[@MakeYouProud]

@@2is1gold Yes

[@edb3877]

@@MakeYouProud Then you have your answer. 🙂

[@AndrewCummings-do2bz]

That maple is the most beautiful coin on the table for sure.

[@georgina979]

Still buying what I can ,while I can.

[@edb3877]

Good point to mention the "while I can" part, as gold could well become unobtanium at some point. Those who missed out on the lower prices of years past won't be able to buy much, if any, gold at that point.

[@goldeneye70]

The question should be, is paper safe?

[@edb3877]

Both cash and government bonds did very well during the Great Depression of the 1930s. I see this as a guiding principle in finance. But maybe it depends on what you see as the most likely things to happen in the future. While we do not and cannot know what the future holds, we can make some educated guesses on the various economic trends that we see happening now. The US$ will continue to be reduced in value by inflation. We don't know how much or how quickly this will reduce the buying power of the US$ but we do know that this process will continue. Therefore it makes sense to use some kind of a hedge against it. PMs are usually considered as such hedges. Paper products did survive the Great Depression but things are worse now when one considers the tremendous debt load that we, as a nation, are carrying. My best guess is that some paper investments will survive and perhaps even prosper. I prefer the big cap blue chip stocks that pay a decent dividend, of at least 3% for the stock portion and US Treasury paper of 5-10 year duration for the bond side of it. Utilities and businesses that sell the things that we all need are also good to own, such as food, fuel, water, and other basic needs items.

[@christophermccormick8670]

I have just under 2% in gold. Call me a slacker🤷🏽‍♂️

[@2is1gold]

You go hard! ✊

[@drewlucy4008]

Slacker!

[@edb3877]

Slacker Stacker... your NEW handle on the web! lol

[@strykerentllc]

"Is it safe?" Takes one back to Marathon Man scene with the drill. Anybody that's been to the dentist can relate. Cheers!

[@Jan-m5c2r]

Speaking of exit plans and "gold as an insurance" - what will 50 oz of gold (3 years of living expenses) do for you if everything digital went out? No daily spot price available, no gold dealer home pages to consult for prices, a dead phone. Please tell me in which situation cash will have to give in to gold as an insurance. And please: no cliches a la "cash is trash", "the dollar is collapsing"-nonsense!

[@nikkir1664]

The gold % in my portfolio keeps rising, but that's not my fault 😂 - I'm unemployed currently, burning through fiat (decreasing %) and yet gold's price is going up (increasing %) - I think I'm about 20% or more now 😅

[@DB2A7]

Safer

[@buckybarnes3803]

After you set down your coins, put a silver pistol next to them and then some used rubbers

[@igglybiggly6951]

Definitely "safer" than depreciating fiat in the bank nowadays and rivals stock market for gains already in 2024....they're a no brainer for the shrewd

[@2is1gold]

Crazy seeing gold even outpace stocks in a hot market.

[@Thepatriotstacker]

Makes you feel even better when you can actually hold it. Like you stated… no brainer🤘🏻

[@laccess911]

5% to 10% gold in your portfolio simply means 5% to 10% of your portfolio should NOT be in gold. Gold all in, and a little bit of cash for emergencies.

[@markaustin5884]

We have to get to the other side of CBDC's, Gold and Silver lead the way

[@2is1gold]

Or around it

[@aloksrivastava7938]

Metals in my opinion are shields for the common populace against arbitrariness of tyrannical governments. It is not about inflation. It is not about investment. It's about independence.

[@Pat_Smith778]

Im just here for the comments

[@2is1gold]

👋

[@coocoochin]

informative video

[@eduardoj.1764]

Gold and silver are 14% of my portfolio. 84% Gold and 16% silver.

[@edb3877]

"84% Gold and 16% silver". By weight or by price?