What's Going To Happen To All Your Gold & Silver?

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Backyard Bullion

Backyard Bullion

Күн бұрын

Пікірлер: 92
@rasbobbo
@rasbobbo Жыл бұрын
Maybe do a video on what you should do if you’ve inherited a pile of precious metals.
@davidsimmons3239
@davidsimmons3239 Жыл бұрын
I bought all my silver and own a gold mine. Tried to set my children up for a future. I realize what's going on in the market is a black swan event and they will probably never get the opportunity I have right now. As a father, my life is some what sacrificed to propping up a future for the kids and just hope they do life better than I did
@JO-ew7ep
@JO-ew7ep Жыл бұрын
David , a spring board for our children is so much more valuable then anything else ! They are already ahead of us my friend
@Vinyl-Sloth
@Vinyl-Sloth Жыл бұрын
Investing for my kids only
@ShinyPreciousMetals
@ShinyPreciousMetals Жыл бұрын
Hope your feeling better I too was unwell with a brain tumour and radiotherapy just last year and I agree with everything you’re saying stay well.
@the_islandstacker
@the_islandstacker Жыл бұрын
Blood you are feeling better. I have just been sorting this out myself making sure that my collection is covered and will be passed onto my family.
@tonydalton6756
@tonydalton6756 Жыл бұрын
My loot was never meant for me, initially it was so my family had enough to bury me. I was in a similar position to you in hospital 20 years ago. It makes you realise nothing is as important as your health & general happiness. Good to see you on the mend pal.
@mercurialmagictrees
@mercurialmagictrees Жыл бұрын
Most people just think about this in terms of real estate/ property and fiat currency. I suppose when it comes to metals It feels a bit different because it's an asset that feels more unique and historical.
@Neo_Psy
@Neo_Psy Жыл бұрын
You can't take the shiny with you. It's not really that important when all is said and done. It's nice to have in life and to share with others as it gives you a sense of security, but yeah as you've discovered with your recent health scare, it's not the most important thing in life. I'm glad you're on the mend ByB, I wish you many happy years and good health.
@jamiefrost2091
@jamiefrost2091 Жыл бұрын
I’ve put a few business cards amongst my stack and told the owners that if they get a call from my widowed wife, to take care of her🤣🤣🤣. J ( nice to see you on the mend👌)
@Angel_eyes___
@Angel_eyes___ Жыл бұрын
I can die any day my doctors say. Now i am homeless. With my service dog. House's are far and few between. 72 hours left in a motel with a fractured spine. Then sleeping in my car. Swf 63. I am truly scared beyond words. My kids do not care. Bitter pill to swallow. They all own houses up to 1/2 million dollars. . I raised them with values a good moral compass. Helping those in need. I guess i am disposable. Disabled are undesirable and un deserving pieces of human flesh. I miss my grand kids who 2 of the 4 never say they love me. I am the poor one. Money is the root of many evils. Pray for them they only know what they have been reprogrammed to see in the new word. 🤮🙏🙏🙏😢❤️
@scootjohn777
@scootjohn777 Жыл бұрын
My daughter knows exactly where my stash of CGT free coins are and their value and what to do with it after I’m gone. 😅
@jongil6379
@jongil6379 Жыл бұрын
What would she do with it??
@peterkelly2220
@peterkelly2220 Жыл бұрын
dont plan on building up your treasure chest on earth, but focus on building up your tresure chest in heaven, where it will not rust or decay or be stolen, and will last for eternity
@CY_Sterling
@CY_Sterling Жыл бұрын
Good to see you're feeling better and back to doing what you love... Rambling! 😆 Having spent time in and out of hospitals for a time, I can totally relate regarding contemplating your own mortality and having a plan is definitely a good idea!
@gambit8766
@gambit8766 Жыл бұрын
I have been thinking about this for a while, my plan is for my daughter to inherit my so far pretty small stack. I have started to try to get her interested in gold and silver a bit by letting her help when I get new stuff, so she will have some inkling about it when the time comes.
@TobaccoRowe1960
@TobaccoRowe1960 Жыл бұрын
How about buy her a Wood Cigar Box and start throwing some Silver in it. I do. And my Grandkids to.
@stratcaptain66
@stratcaptain66 Жыл бұрын
Better to buy some 50 cal. ammo cans, more robust way to transport.
@gambit8766
@gambit8766 Жыл бұрын
@@TobaccoRowe1960 I'm already on it. she got her first silver coin for her 8th birthday 😁
@gambit8766
@gambit8766 Жыл бұрын
@@stratcaptain66 Transport what? the silver?
@TobaccoRowe1960
@TobaccoRowe1960 Жыл бұрын
@@stratcaptain66 My kids like the 22s
@andrewfine2576
@andrewfine2576 Жыл бұрын
Don’t miss the opportunity to ask yourself what the purpose of life is and then use your assets in that direction
@DS-tt9vz
@DS-tt9vz Жыл бұрын
I'm retired and hope to stack enough to make a difference in the lives of the grandkids. Hopefully by then they will be wise to the importance of owning bullion.
@georgewraith8360
@georgewraith8360 Жыл бұрын
A little thing I do is write on the coin wrapping what it is where I bought it and how much it cost, but it is better than cash in the bank.... thanks byb
@surfinsilver
@surfinsilver Жыл бұрын
I agree, it's wayy better then cash in the bank, something to look at and it's worth money
@Angel_eyes___
@Angel_eyes___ Жыл бұрын
Very true
@Angel_eyes___
@Angel_eyes___ Жыл бұрын
Better in your hands and not fiat money
@chobiden7770
@chobiden7770 Жыл бұрын
@@surfinsilver until you have to pay for a new transmission
@rocketboostjump
@rocketboostjump Жыл бұрын
I am a true stacker. I think I own more silver than that.
@Zephon9
@Zephon9 Жыл бұрын
Get buried with it!
@GhileMear250
@GhileMear250 Жыл бұрын
Glad to hear you are on the mend, BYB.
@amysmausebuswell719
@amysmausebuswell719 Жыл бұрын
Great video. I'm very new to stacking, and I'm wondering how you decide which coins to put in capsules, and which to put in a tube.
@awakening1776
@awakening1776 Жыл бұрын
A gentleman and a scholar!
@TobaccoRowe1960
@TobaccoRowe1960 Жыл бұрын
My Mom gave me pounds of Silver.
@surfinsilver
@surfinsilver Жыл бұрын
That's a nice present, I'm now buying my mom and dad metals, feels good to show others what it feel like to own some
@TobaccoRowe1960
@TobaccoRowe1960 Жыл бұрын
@@surfinsilver Just the other day, I seen two old folks at the LCS wanting to buy $13K in Junk Silver. Took a minute to get them to drop it to under 10K. Talk about a cute couple!
@simonholman7286
@simonholman7286 Жыл бұрын
I'm currently near the end with terminal lung cancer and with your permission I'd like to suggest my partner ask your advice what best to do with my stack when the time comes for her to sell, best wishes by I hope you are on the mend now
@BackyardBullion
@BackyardBullion Жыл бұрын
I'm really sorry to hear this! Probably not the best place to be messaging but feel free to reach out on email to byb@backyardbullion.com any time
@turokforever007
@turokforever007 Жыл бұрын
I have known people who got left some gold i told them what it's worth months later i see them, and they were over the moon with what they got. But they were given less than half the value
@mattm3492
@mattm3492 Жыл бұрын
The doctors just want the extra nights bill.....
@BackyardBullion
@BackyardBullion Жыл бұрын
In the UK healthcare is free....
@EveryCloud9999
@EveryCloud9999 Жыл бұрын
Great video BYB and good to see that you’re on the mend. I’ve done a fair share of time spent in hospital beds, so I get where you’re coming from when you start thinking far into the future. This video is quite good timing for me. I’ve been putting together a few fun, although serious lessons for my kids regarding money. Since this isn’t the kind of thing they teach in schools, I want to ensure they have a good understanding and direction for their futures. All the best 👍
@justdoitadventuresreviews4664
@justdoitadventuresreviews4664 Жыл бұрын
ByB you will sell all the gold and silver and keep the boxes u love so much. ❤️‍🩹
@TobaccoRowe1960
@TobaccoRowe1960 Жыл бұрын
By the time I die my Silver will already be transferred to my Children's and my Grandchildren's Wooden Silver Stacking Cigar Boxes. As my Mon has passed her Silver to me. The Transfer has already begun.
@stephenparker5241
@stephenparker5241 Жыл бұрын
My whole philosophy to silver and hopefully gold stacking is a potential old age safety net and if that's not required by the time I shuffle off my mortal coil it will be a nice little security blanket for my children's old age security. My advice is don't stack for the future at the expense of the present, that will lead to a life unlived.
@JoelGrant-ie4ly
@JoelGrant-ie4ly Жыл бұрын
This is a concern of mine as well. My wife and have a Trust Fund set up outlining our finances (Banking, Retirement, etc) and our Beneficiaries will be; Those who will make financial/health decisions on our behalf should we become unable to as well as funeral arrangements. But I have not listed my Bullion in the Fund. I'm not sure that I want our Beneficiaries to take possession of it. What do I do?
@garysmith9321
@garysmith9321 Жыл бұрын
My ma used to say that she is too busy to die. She hadn't got time to waste on dying. I have a password protected spreadsheet which contains details of every account I have. It contains the user names, the passwords, the memorable information. My better half has a copy of the spreadsheet and knows the password. She knows where the PMs are stored.
@longdongsilver5592
@longdongsilver5592 Жыл бұрын
Spending it all before I die and bounce my last check I write
@richardakroyd6479
@richardakroyd6479 Жыл бұрын
I'll start cashing out in about 10 years. I'll do it slowly and will leave information on how to sell it to my family and how much its worth.
@dd805100
@dd805100 Жыл бұрын
Glad to hear your feeling better this video is also a really good indicator to get in good terms with one LCS owner. So if you do pass at least the LCS store your family will go to will have vested interest in not fucking over your family members atleast ideally of course assuming they even know to go there definitely got me thinking.
@robertwidby2205
@robertwidby2205 Жыл бұрын
Dude, you need to go ahead and give your heirs the metals so you can stop fretting. And shhhh, it’s a secret.
@ianbird7444
@ianbird7444 Жыл бұрын
Nice to see you feeling better .coronation coins on Monday blood bath ???
@dd805100
@dd805100 Жыл бұрын
Thank you to My Ramblers, would be a cool sticker btw man
@LatimusChadimus
@LatimusChadimus Жыл бұрын
My mom knows what to do, and one day my nephew will be old enough to also there what to do
@richardperry5538
@richardperry5538 Жыл бұрын
Me if I had any I'd sell alittle every month or so to top up my retirement.
@mt-nv4jd
@mt-nv4jd Жыл бұрын
When g/s reaches my target, I am selling it and buying a big toy.
@TacBlades
@TacBlades Жыл бұрын
Is there a vid for a newbie on how to buy silver on the second hand market without getting scammed.
@richardsmith9798
@richardsmith9798 Жыл бұрын
I would join the silver forum, which i found this forum through watching BackyardBullion
@mattalderton3723
@mattalderton3723 Жыл бұрын
Feel better good importance shard
@user-sl5bh8kr8h
@user-sl5bh8kr8h Жыл бұрын
No death duty on silver and gold
@surfinsilver
@surfinsilver Жыл бұрын
I plan to make sure someone who deserves it gets it, this definitely got me thinking. I'm sure anything could happen... but we All hope something good comes of it either way, if I get to the end abke truly have more then I need, I'd either spend it or make sure someone else could.
@bigdoolong6962
@bigdoolong6962 Жыл бұрын
I just think they’re neat..
@coykehoe8865
@coykehoe8865 Жыл бұрын
i have a concealed false bottom at end of my coffin
@1betterthan
@1betterthan Жыл бұрын
Im in my mid 50's no children, if anything happens to me my gold & silver will all go to my wife, but i hope one day to cash it all in and spend the bloody lot.
@Whateva67
@Whateva67 Жыл бұрын
Me too,55, no kids. My wife has to learn how to open my safe one day so she can cash out if I kick the bucket before her.Greetings from British Columbia
@1betterthan
@1betterthan Жыл бұрын
@@Whateva67 Greetings from London UK.
@joeylibbs6236
@joeylibbs6236 Жыл бұрын
I’m just gonna bury it and leave the coordinates in my safe for my kids. Lol
@kristie-leecorney7388
@kristie-leecorney7388 Жыл бұрын
Don't do that
@Silvestmentpms
@Silvestmentpms Жыл бұрын
Well said👍🏻
@dizzybee7386
@dizzybee7386 Жыл бұрын
I'm glad to hear you're back to live another day, BYB. Your perspectives are bang on. I'm still in the early stages of a "stack", albeit with the numismatic accent, but I think about this stuff every day of my life. Everything could just end now and that's it. No amount of belongings, valuable or otherwise, is going to bring me back to enjoy another day with family. It would be nice if my work, collections and portfolio offer some comfort to loved ones, but ultimately it's no more than making casseroles at a wake to the grieving. Ultimately, it's all just a hobby with the added benefit of security for the living. I honestly believe precious metals/antiquities should be an accepted form of direct payment beyond debts and the like. Look after yourself and those you love with hugs and little moments, the rest will fall into place.
@tredici72
@tredici72 Жыл бұрын
Nice to see that you’re feeling much better… My family will get my gold, and my silver will be divided between people & animal welfare charities, but that all depends on whether I cash out before I depart. Stay well 🤙
@paleo75
@paleo75 Жыл бұрын
My kids are in their mid 20's and they don't care about precious metals, even after everything I've explained about it but it's ok my wife and I will be getting it all the rewards.
@timwilcox960
@timwilcox960 Жыл бұрын
Glad to hear you're on the mend BYB. I've told my nearest and dearest about you and the Silver Forum and, in the event of my sudden departure west, not to go to a dealer without having got in contact with the two of you first. In the event that you're not available and/or are no longer in business proving the service that you do, I'm assuming that someone, somewhere, will fill the void and that Silver Forum members will be able to signpost my relatives accordingly. If there are flaws in my plan - please let me know! ;-)
@alazorn6665
@alazorn6665 Жыл бұрын
Good to have you back. And feel free to go off on a tangent any time you like - we love it! Take care and don't rush. All the best.
@SyTheSoundman
@SyTheSoundman Жыл бұрын
I made an instructional journal for my family. This includes how and where to sell. The journal will be with the executor of my will. Each item is allocated to family members by the ounce to make things easier. I only stack CGT exempt bullion for this purpose. My pennies worth, Document every single purchase and prices. Keep receipts if necessary.
@scottm2527
@scottm2527 Жыл бұрын
Whether you are invested in precious metals, stocks, bonds, or other investments - you should always have a documented plan for your successors to help them not only gain access to those investments but instructions on how to deal with them. Probably a good idea to identify trusted people to help them divest those assets if the need arises.
@bat502
@bat502 Жыл бұрын
Mines for a future currency if needed - or a pension when needed
@bornagainbullion3303
@bornagainbullion3303 Жыл бұрын
Phew! Good to have you back!
@ronaldhall2489
@ronaldhall2489 Жыл бұрын
This happened a couple months ago I had a chunk of my stack at my bros we are both up in age and single he was 70 and l was 63 everything has been good stayed in safe we would take it out and look at it from time to time one Thursday night he went out on his bike like always except this time he had a wreck with a truck that was last I saw him and my stack box
@Angel_eyes___
@Angel_eyes___ Жыл бұрын
So sorry
@Bryan-xx4xi
@Bryan-xx4xi Жыл бұрын
It is going to the child/grandchild that enjoys this hobby!
@David_Quinn_Photography
@David_Quinn_Photography Жыл бұрын
It's an uneasy subject yes set up beneficiaries on digital assets and make a will for the physical assets I am 28 and no kids and I've already set up a tutorial on how to estimate a value on my items if it comes a surprise a little too early.
@sergeant_t2020
@sergeant_t2020 Жыл бұрын
Great to see you are doing better BYB! looks like making videos are therapeutic for you my brother. Take care and rest BYB. 👊
@TheSilverStacker.
@TheSilverStacker. Жыл бұрын
I'm glad you're on the mend now mate!
@christophermccormick8670
@christophermccormick8670 Жыл бұрын
Cheers 🥃
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