How Much Gold & Silver Does a Person Need? Retirement Cheat Sheet

How much gold and silver does a person need? 3 oz, 12 oz, 24 oz, 50 oz, more? I'll give some thoughts and the data and math I've used to get there. Here's the formula used in the video to figure out how much gold to have by age.
Your Income * 0.08 / Spot Price = Gold ounces
Age multiplier:
1x by age 30
3x by age 40
6x by age 50
9x by age 60
12x by retirement
Example: A person making $90,000 annual salary would have 4 oz of gold by age 30 if they used this model. This is not financial advice, or even a hard and fast rule. This is for entertainment only. Cheers!
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Thank you!

[@georgegriswold7164]

Good advice as always! Should be .08 not .8.

[@2is1gold]

Thanks George. I need a T.A.! 😂 (The calculated figures I use are correct. The decimal point stated is wrong.)

[@87Kaylen]

@@2is1gold Ha I was just about to speak to this as I'm building an excel model. Originally I was dumbfounded by the .8 multiplier, once I did the .08, all lined up. Easy fat finger error!

[@Malice_Lonewolf]

The .08 makes a lot more sense I was like jez thats a lot of gold Id need lol

[@johndonahue4391]

I'm 48 years old and I currently have 80 ounces of gold and 150 ounces of silver !! Also own 20 shares of the S&P 500 And my home is fully paid off !

[@2is1gold]

Very nice!

[@PauloH7I]

Cool ! Good job !

[@bc_usa]

Nice! Where do you live big mouth? Rule #1 Never tell people how much gold you have sitting around.

[@fragu123]

…is there a special reason, why your numbers are so small in Gold? 🤔 I think, in your age, you should own at least 3x age which total to almost double of what you have. Silver is OKish I’d say and a bit of share and at least some property too. So, you need to force yourself towards a more acceptable number in Gold… just my 2 cents😮

[@randyramey3430]

Very nice John. You are doing a lot better than the average person who owns no precious metals.

[@thingamujigger1585]

If a person is disciplined and lives within their means and pays their home off, their monthly expenses become very small. The "freedom" that comes with that is absolutely priceless.

[@2is1gold]

Completely!

[@Fanta....]

Agreed. debt free home owner here at 38. I can now be more choosy with where i work and how much i work. I currently have a great job so Im just squirreling away as many nuts as i can, before i become unemployable.

[@tomharris8036]

except property taxes dont go away... so remember the monthly payments go down but every 6 months you got a mortgage payment or better in taxes..

[@demolitiondan1188]

I disagree with that comment. I have no mortgage, no car payments, but with 2 teenage boys and a wife to provide for, my property tax, utilities, gasoline, food and other necessities our monthly costs are around $3.5k/month….

[@poremechen]

@@tomharris8036 property tax in Croatia is only one time 3% of the amount which you pay for purchuse of old accomodation (for new buildings vat is added automaticly). With new minister of finances that just arrived, and no wonder he is coworker for WB and MMF, he is anouncing property tax in the next 2 years. How does property tax work in US or elsewhere for that matter?

[@jimc.4550]

i really liked your numbers. you did great research. the one thing you missed is what i call the FU factor. let me explain the fu factor that happened to me. i stacked since age 7 and worked two jobs from age 16 to age 45 putting all the cash from the second job into rare coins, silver and gold bullion. in 1980 and 2008-2011 i sold part of my stack at a high price to pay off house and land and when the bullion price went back down started stacking again. then at age 53 the fu factor hit me. my blood pressure dropped to low while i was sleeping and i woke up blind in my right eye and 90 to 95% blind in my left eye. i see a little but its cloudy. then my income became social security. i get $1475 a month with the gov't takes out $170 a month for my medicare. the gov't requires you to buy a medicare supplement and drug insurance. this cost me $490 a month as i believe in buying the best insurance you can! this leaves me $900 or so a month to pay bills. so if i had not gone hog wild buying bullion and rare coins when i was younger i would be totally screwed now. my advice to all you younger stackers is buy every ounce you can, get out of debt before the fu factor gets you!

[@edb3877]

Thanks for posting this comment, Jim. You bring up the critical point that many things can and do happen in life and some of them can absolutely ruin all of the plans that we've to that point. I am glad that you had the foresight and dedication to your plan to cover the "fu" factor. Many people have never even considered this and they most definitely should.

[@2is1gold]

Glad you had that FU fund. Take good care!

[@MUHAMMAD-ej5lv]

Thank you for the advice

[@lindawade9647]

I am so sorry for what you have gone through. It was fortunate you had purchased precious metals. You aren't required to purchase Medicare supplement insurance or drug insurance, though.

[@inittowinit928]

Wow that’s good advice

[@nazgul1779]

I’m from The Netherlands and here people are not “busy” with buying gold or silver for pension or early retirement etc. Not as Americans do. I have about 350 grams in gold bullion at this moment and my goal is to achieve 1000 grams within the next year. I have some silver also but not much. I’m not rich, but i have a good income. I also live my life and do the things i want, not waiting for later. I am 52 years and i have colon cancer at the moment, but i will recover from this. But this changed my life. I love gold, i love the color, the weight and the attraction it has. I actually don’t care about how much gold i own, i just want to provide for later and for my kids who can later enjoy the “family treasure”. 😉. By the way, i love your posts on KZbin 👍

[@2is1gold]

It's clear you have a great outlook and attitude. Thanks for spreading it. Here's to a quick recovery! 🤜🤛

[@ferebeefamily]

I said a prayer for you Nazgul. I like your attitude and philosophy on metals.

[@Vedergewicht]

I hope you've been recovering nicely Nazgul! ❤

[@AndreasPinkert]

Whenever he says “covering income loss in an emergency”, I am thinking of my father in law who suffered a stroke and 6 months of several additional medical catastrophes. My mother in law did not even know how to operate the lawnmower and killed it with tractor diesel. If she had stood before a stash of gold instead of a bank account full of cash, I would know exactly how that would have ended. So make sure you get you family or whoever you trust in that boat so that they know what to do with your metal.

[@2is1gold]

Important point.

[@ferebeefamily]

Good information.

[@TrashTube-rt9jw]

I think about that all the time. My in-laws would take it to a pawn shop and say Whatever you can give me 🤨

[@Sola_Scriptura_1.618]

No matter how much Gold and Silver you have stacked, you never have enough!

[@Sola_Scriptura_1.618]

My rule of thumb is 2 ounces of Gold per household per month of retirement. So I started collecting today, I would need to collect 720 ounces to last me 30 years; better late than never.😮😮

[@tripledividefarms2177]

Im 51 my wife is 54 our pm portfolio is structured thusly right now: 65.5% gold (42oz.), 12.5% platinum, 22% silver. We have been buying pm’s since 2008. We invested 10% of our net income into pm’s because we both got burned bad in ‘08. PM’s looked resilient and, if I measured our investment in dollars, I’ve made better on my retirement in pm’s than in stocks. We have sold from time to time, and those sales helped support our youngest son through medical school without taking a loan out. We will continue to buy the deals right up until we are at our cozy number then relax and watch our beef and lamb grow.

[@2is1gold]

Metals for medical school sounds like a good trade!

[@christophervo8228]

Medical school is really big pharm indoctrination

[@The-Crazy-Coonass]

Two ounces of Gold per month? Your KZbin channel must do very well. Most people would have a hard time doing 1/10 oz per month.

[@2is1gold]

The 2 oz of gold a month is the end of the goal, not the way it's built. Cheers!

[@timfool]

😂😂

[@briantlougan810]

Decades ago Texas oilmen used the term "unit." "That's when I earned my first unit." A unit in that context was $100 million. Living at quite a bit more humble level, I have appropriated the term to mean 50 oz gold. A unit=50oz of physical, bullion gold. Which gets you to about $90k. If you can afford it, more units is better. Nice to have at least one.🙂

[@2is1gold]

I like that. Cheers!

[@hzj7920]

Saving for the retirement for husband and wife for 20 years with 2oz of silver per day + 1oz gold per month for these special occasions. I calculated ~15,000oz of silver and ~250oz of gold. I do believe there will be a significant shift for the worse in the quality of life in the west as the financial debt bubble pops. Planning for more “off the grid” scenario and with minimal government influence lifestyle eventually..

[@joergkalisch7749]

500 kg Silver 🤔 I would shift some to gold rather

[@jiminycriket]

@@joergkalisch7749 DEFINITELY. Storing close to HALF A TON of silver is needlessly expensive and unnecessary. Especially when you could easily convert the bulk of the weight into gold.

[@timfool]

Unless your doxed on here and lose it all. I don't trust people enough to say what I own on the Internet

[@dibrentley7915]

we decided to buy the kids gold 30 years ago because it was in lui of a private education we sent them to public (govt ) school. The kids did ok and I cant remember how much they ended up accumulating. But my sons first car cost him 1 oz of gold after he had learnt to drive he sold the car to his sister for 1 oz of gold she learnt to drive then sold the car for the equivalant price of 1 oz of gold which she bought. Roll on a few years, they have sold their gold to add to their cash for deposits on houses. So those little $600aud gold bullion did their job well. both kids are now very savvy with money both strong savers and know the worth of gold. My daughter mentioned to me the other day that when she bought the car off her brother I made her hand over the coin to him (I cant remember doing that) but it drove the lesson home she said.

[@risingphoenixstacker]

I worked as a financial planner for over 15 years. Before going into law, I ran a group for US Trust. I no longer give financial advice, but you are one of the few people who should follow. I like how you use it as an asset class for mid-to-long-term cash holdings and your willingness to sell it to leverage your money better. I'm starting my youtube channel to give the stacking community another voice of reason.

[@longisland_stacker631]

I have 9oz at age 27, i made a goal for myself to have 30 oz total in 10 years…. Going to be tough but going to give it a shot

[@jkly495]

how many ounces of gold do you have now 1 year on from posting your comment?

[@longisland_stacker631]

@@jkly495 only 13, I’ve stopped buying.. been making extra mortgage payments and putting extra into my retirement fund

[@longisland_stacker631]

@@jkly495 only 13, been paying down mortgage and in the stock market

[@InGratitudeIam]

J. D. Rockefeller was once asked how much was enough. His answer? "Just a little more."

[@2is1gold]

I think switching gears to coast at some point would be healthy. Clearly, I’m no Rockefeller! 😅

[@elaineweddle7267]

When I see these videos I am totally blow away by just how far I have to go. I don’t have an official retirement as of yet. I am saving small small and purchasing precious metals. Within 10-15 years I’ll be ready. Slow and steady is working for me.

[@2is1gold]

Slow and steady is the way to go. Cheers!

[@theambiguoustruth8167]

You will get there! One step at a time! Remember the turtle beats the rabbit in a long race!

[@spydude38]

We all have to start somewhere. It is never too late to take control of your future. Make a plan, stick to it and time will be your friend. There will be ups and downs but the thing to remember is that so long as you stick with your plan, over time you will be better off.

[@othalabro8663]

Saving precious metals really opened my eyes: physical assets, equities, etc. I need to make more money. There is something about PM that makes saving and making money more enjoyable! I wish I started sooner then twenty-eight years old.

[@2is1gold]

You started before me!

[@cyclingphilosopher8798]

You started way before me as well. Apart from increasing your pay, don't forget the basics: - pay yourself first, - let time do the heavy lifting for you: after about 15-20 years compounding really kicks in - avoid lifestyle inflation (a.k.a. lifestyle creep) by focussing what truly adds quality to your life, which often is less than you think.

[@sbentsen2714]

I'm just starting at 34, I hear you. Better late than never!

[@RealPsychoChef]

Started just this year as a 30 year old.. really wish I started 5 years ago.. this channel inspired me to start saving Gold. Gotta say it’s life changing!

[@gwynedd1]

I would not worry much about savings in your 20s other than forming it as habit . Your main source of income is labor . Buying an education, a franchise , starting a business, equipment and tools and/or a new suit for a job interview is where your money should be going. My first shinny metal was scrap copper when I was a construction laborer , and it was beautiful when I could get a piece of it. Late 20s and early 30s often defines the career path and by 35 its quite predictable. You is the most inalienable asset there is. Diversification in one's old age is just the next best thing. Once that cash flow starts then you can pick up as much as you like. Thomas Mun of East Indies company warned that hoarding gold does not compete with circulating capital and I think the fate of the Spanish /British empires prove it.

[@Wookietown]

I have trouble separating "percentage of savings" from "how will it be used". They are closely tied together for me. Precious metals don't "perform" for me. So they are a percentage of my wealth that does not generate monthly income. But they represent 1. diversity, 2. inflation hedge, 3. currency stability hedge, 4. and anonymous wealth outside of the government's prying eyes and sticky little fingers. With that said, at the end of the day I have percentage goals. Your video does a great job of showing one approach to figuring out how much a person needs. I like to cook. When I am cooking something new, I will review several recipes that all look good and then my actual meal will be my personal tastes that draw something from each of those recipes.

[@2is1gold]

Considering information from multiple sources beats following one set of instructions any day. (Unless you're military. 😄)

[@nwalker2619]

I also think of my precious metals as a back up if I can't work for a while. Right now 1 oz of gold plus a little bit more would cover mortgage, and 2 kilo bars will cover other basic expenses. That's how I look at it, and just like you I would use any fiat first. And hopefully, I'll never need it and can roll it over to retirement or even pass it on to my kids.

[@2is1gold]

Solid plan. Cheers!

[@demolitiondan1188]

This gave me a new perspective on PM stacking. I’m 20 ounces from reaching the 50 oz goal. Thanks!!👍🏻

[@2is1gold]

Nice!

[@goldeneye70]

@@2is1gold Gold alone I'm in the 32 club

[@goldeneye70]

@@2is1gold But here's the worst part, most of it I had to pay taxes on because this was before my governor decided to repeal the bullying bullion tax. I could have saved thousands of dollars but I did get retroactive refunds from some vendors like liberty coin To the tune of about 2000.

[@goldeneye70]

@@2is1gold I would guess you're in the 100 oz gold club

[@cphipps1969]

This came up in my feed & I assumed it was new until you said “use $1,800 an ounce as the price for gold”. Ha, big change in the past year!

[@1kzrider]

Great job in breaking this down. Personally I don't know anyone with so much in metals or even in savings today. The struggle is real. I wish I had the numbers you shown in savings.

[@Stretch1931]

The hard part is using that calculation based on the age groups, and the normal incomes you had at those ages. When I was 30, I wasn’t making anything near what I’m making today. So the amount saved wouldn’t have scaled correctly, which would mean my older self would then be burdened with picking up the slack of the younger self to more aggressively save. Or I could force myself to live the lifestyle of my childhood and have no expenses or debt, which is usually unlikely as we age and involve ourselves in more things. So I love to see the math. But all I can say is, start early, and be aggressive, and learn to go without in order to retire early. Don’t be selfish like I was when I was younger and squandered all my savings because I could or other various factors. Just learn to go without. It’ll also be good training for the times when you are laid off/unemployed etc. Sure, it’s not sexy to your partner(s). But what I think they would find sexy is your slim waistline from not overindulging every chance you get, and the number of zeroes on your bank account!

[@2is1gold]

100%. It's a rolling number based on income at the time, but there aren't good average mean numbers broken out by age. Expenses change dramatically over time as well. Math will only get you so far (unless you're better at math than me)! 😅

[@66block84]

I spent most of my 20's getting laid off from various jobs. So I went back to trade school at age 26 for 2 more years - had to move to get a job. It paid off, now retired with an IRA, pension and Social Security. The last 22 years were with the same employer - thus the pension & IRA.

[@edb3877]

@@66block84 Very well done, IMO. This is the kind of thing that happens when a person sets a comfortable retirement as a high priority life goal. Such things do not just happen on their own. They happen because the person doing them was dedicated to a goal and sufficiently disciplined to achieve that goal. 👍

[@edb3877]

There are only a few really solid parts to financial success and if a person does these things their chance of financial success increases substantially: 1) invest in your own skill set via education and training; 2) work hard; 3) save religiously, no matter how small the amount; 4) invest wisely because very few people earn enough money to save their way to a comfortable retirement and other life goals; 5) spend very carefully; and 6) choose a great spouse who is aligned with your goals and willing to help you achieve them for both of you. Agree that a lot of this is not "sexy" but then success often comes in a plain brown paper wrapper and not one that is all glitzy and gaudy.

[@jeremythreat844]

Some baller ass comments! Great advices.

[@Cosmystery]

woah.. where do you get that the average income in the US is 90k? thats way off

[@root.li.23]

That’s household income, 2 people or more

[@edwardhubbard9769]

I’ve now watched this twice and saved it to my play list. Thank you….❤

[@2is1gold]

🤜🤛

[@TheQuickSilver101]

I've been saving metals as a part of my retirement plan. I make sure to diversify and as long as I'm investing in other ways too I will sometimes overbuy gold. Also, my personal expenses are way less than what you cited. That helps make saving and investing the extra easier. Thanks!

[@TheQuickSilver101]

@@zorkman777 I have a wife, two kids, a house, a dog and a car that I include in my personal expenses. I guess I must be unusual in the amount I spend (or don't spend as the case may be).

[@2is1gold]

I'm always surprised to see that $5,200 household expense number as an average/mean.

[@edb3877]

@@TheQuickSilver101 Agreed and I can relate. Before I retired I had ramped up my savings until it was at 40% of my gross income. That was at a time when most financial advisors were trying to get people to save 10% of their gross income for retirement. That included funding a 401k plan, a couple of IRAs, and a taxable investing account. Was that easy? NO! It was not but it was *necessary*, in my judgement. Wife was not happy with this but she went along with it. A year after we were retired, she came to me and said, "I'm so glad that you made me save for retirement". I found out later than 2 of her friends at work, who had not done this, had to return to work to make ends meet, especially for health insurance.

[@brianingram2068]

Some folks may do mental math of calling their expenses the sum of "mortgage, car payment, utilities, groceries, gas." If you do some budgeting process where you account for every dollar coming in & going out, you may find (as I did) that your monthly spending is much higher than you might have thought. It could also be lower than the "average" if you live in a low cost-of-living area.

[@blooky102]

Honestly there's never enough gold or silver a person can have, you can save up how much you can afford and that's just how much you will have.

[@jefflynch3946]

Just bought 23 gold coins from JM Bullion-the transactions was seams less. They were very professional and polite.wish I had bought from them 240 coins ago. Will buy again for sure.

[@theambiguoustruth8167]

Silver is amazing plus the industrial side gives it way more upside potential!

[@edb3877]

Great topic, so thanks for taking this on. As part of the maybe 5% of Americans who are not afraid of a little math, I really appreciate this video and the approach it took. I used math of my own to determine how much silver and gold should be stacked for a very uncertain future. My thought there was that I would rather be wrong with too much than too little. Because of this, my silver and gold stacks are well above what the video indicates is enough. I don't know - maybe the term "enough" has different meanings to different people? In any case, I would rather store extra wealth in gold and silver for the long term than in fiat paper, all of which have either gone to zero value or are in the process of doing that. Politicians simply cannot resist the allure of over-printing a currency and that approach to national finance *always* fails in the end. I have 3 purposes for owning PMs and they are: 1) as a form of supplemental retirement income; 2) to be certain that I can cover the property taxes on our home, regardless of the probable issues that could prevent us from doing that; and 3) as the usual inflation hedge, savings program, and financial insurance. Currently about 19% of my net worth is in PMs. But I am not limiting my planning to just PMs, good as they are. I also have stocks, mutual funds, and ETFs (about 48% of my wealth) plus a good amount of cash (about 33%). I like the all-inclusive approach to financial planning and being well diversified is my goal. Financial history shows pretty clearly that the diversification of assets works better over the long term than just about anything else. Yes, one can get lucky and own an asset that shoots up to the moon on rare occasion but that's about like getting dealt a royal flush in a high stakes poker game or something else of very high reward but very low probability of occurrence. Covering the bases for what seems most likely to happen is where the bulk of my wealth is and, IMO, that's where it should be.

[@2is1gold]

Agreed. Plan for what's likely, but stay diversified for what's possible. Cheers!

[@edb3877]

@@2is1gold Nicely summed up. Putting more of our resources where the probability of need is highest seems good to me. I do know that some weird things could and just might happen but I like using the odds when planning.

[@edb3877]

@@2is1gold 👍

[@nutsbutdum]

The question I ask myself to gauge if my gold stack is sufficient is: How long did it take an average person laid off at the start of the pandemic to get another job? 18 months... 2 years?

[@2is1gold]

Important to consider.

[@achilles5197]

With gold there is less hopium that it moons like silver. It's value is not cheap, but definitely more stable and requires less space. Hauling monster boxes suck.

[@2is1gold]

Agreed!

[@mdavid2100]

Bingo!

[@edb3877]

Picking up a silver monster box makes me smile! 😄

[@zacharyearl3015]

From what I understand, there are 17oz of silver per 1oz of gold in the earth's crust. That's how I'm building my supply. I buy a gold coin, then I buy the silver until I get the 17 to 1 ratio.

[@2is1gold]

🤜🤛

[@onceANexile]

Depends don't it.? 100 is nice. 250 is real nice. 500 is perfect. 1000 is a goal to keep. 2000 is for another house, travel, etc. But it's excessive.

[@harryzero1566]

I generally liked the structured ratios given, percentage of savings etc. However I think its more important to recognise currency as wealth in transition. If its not earning interest over and above inflation, any currency designated as savings needs to be saved in a tangible asset. The whole point of savings is to be able to release its stored value at a time of your choosing, and with any luck never to completely exhaust one's supply. The wealth stored in precious metals is just the initial half of its virtue, the other half is knowing how to release its value BEFORE you have to. Therefore, how much fractional, and diversity of tangiable assets also needs to be understood.

[@TacticalTimmyGoldandSilver]

This is fantastic and very sound advice. Keep up the hard work we love seeing these well thought out videos. They truely are inspirational.

[@savagestash4354]

Very difficult for lower-income families and even medium-income families to commit to buying an ounce of gold a month or even a year. In the beginning, it seems that reliably buying silver in whatever you can afford and overtime selling and buying gold would be a better strategy to start. Fractional gold of course has higher premiums so you have to money savy and shop carefully to make that a good idea.

[@2is1gold]

To be clear on that part, the 1 oz of gold a month I was referring to was the end result for a backup plan, not the scheduled plan to get there. Cheers!

[@leprechaun3677]

It’s actually not that far fetched to be honest. I did the math, if you saved $60 a month for 10 years you could reach 4oz of gold in 10 years. However, we’d be tripling that for the following year; which would come out to $180 a month which is likely stretching some budgets. But if we break it down further $180 ends up being $6 a day. If you think of an expense you can cut out or a way to earn $6 to buy gold with (and the diligence to save it) you’ll be better off. By age 50 the number you need to save monthly remains the same and so does age 60. If you’re in poverty, then it’s likely this video isn’t for you, however, it’s actually much more attainable once you break it down into smaller increments.

[@aceofspeed4451]

Speaking of math, if you take the 45T of private bullion available, you'll quickly calculate that only 30 million people can roughly hold 50 ounces each. That number is an absolute max, but isn't itself realistic when you take into consideration that 30 million people will not own all gold bullion exclusively. (You can factor a 10% variance at each stage of halving and get to 39 ounces). Also, when you figure that private investment firms, hedge funds and certain 'families' themselves own thousands of ounces, if not tonnes each, that 39 or 50 ounce number shrinks significantly. All this, plus other factors like availability, means, interest and politics make the average number of ounces a committed gold holder can realistically own to approximately 5-10 ounces. When shtf, you will be locked in essentially at the number you have, plus or minus what you can source from the remaining few liquid tonnes available globally that everyone else will be fighting for at the same time (ie probably nothing by this point). Bottom line is that math is cool...haha.

[@2is1gold]

Check my math here, but I think there are about 7,117 billion known ounces of gold in the world. A lot of that remains below ground. I think I saw a figure like 2.5 billion above ground. I'm not sure if the first or second number is off, but one or the other is probably wrong. Regardless, with 7.753 billion people in the world, there may not even be a single ounce for each person.

[@robnewlee1787]

@@2is1gold So you're sayin' I got a chance...with Bill Gates help, of course.

[@aceofspeed4451]

94T jewelry, 35T bank holdings, 45T private investment with another 20T used in other ways. Its only the 45T pool that everyday people have access to. Even within that pool, most of it is allocated, so to say. So yeah, there are 7 billion known ounces available, but only 1.5billion BULLION ounces available.

[@grantteaton1727]

50% of people in the world live on like $2.50/day though. 80% live on $10 per day. I'm not saying everybody shouldn't have 1 oz, just that it's highly unrealistic for most people in the world to ever own even one ounce. Even a single gold sovereign would be a huge windfall and would represent almost a year's salary for someone living on $2.50 a day! Even a single ASE would be several weeks to months of expenses.

[@GetIrked]

WOLVERINES!!! By the way, you had me at “math.” As a massive statistics nerd myself, I’m now convinced you’re my bestest friend ever. Don’t be creeped out… I’m not coming for you. (… of course, that’s exactly what a crazy person would say. 🤔) In all seriousness, this video is one of your absolute best - entertaining, full of shiny, and chocked with absolutely awesome insights. Thank you! 🙏

[@2is1gold]

Hey, thank you! I feel like I missed an important note or two about how averages, means and medians work and how not to get discouraged if you’re on the wrong side of a recommendation. I love goals and I prefer them if I have to stretch to get there. Cheers!

[@davidkalman5691]

I've heard a better calculation is 25 x planned annual spending is retirement savings goal. Based on 4% annual withdrawal rate. Divide that amount by price per ounce of gold equals total ounces. Divide total ounces by years to retirement equals ounces per year to buy. This protects from running out of principle. Also assumes price of gold moves roughly with inflation. Love your content.

[@2is1gold]

Good take - 25x makes sense. The trick is to get the spending down! Cheers!

[@michaelmccoy2847]

Great topic! I liked the numbers review. I really like folding precious metals into overall retirement goalposts as the decades go by. Thank you for your efforts! More like this please 😄 PS Red Dawn (original) was terrific! Best wishes to all!

[@2is1gold]

Thanks Michael. Have a good weekend!

[@noicue8078]

Great video. A sigh of relief for some viewers, for others maybe not so much. But definitely an eye-opener. Thank you. 👍

[@2is1gold]

If I had a nickel for every time I saw something suggesting I should have more savings, I would have covered the difference!

[@randyrandall2148]

I think the 12x income figure is pretty accurate. I would say that's a minimum. But it's difficult or impossible to count in dollars (which are constantly being depreciated). Gold works I think and I appreciate the way you look at it. For me though, rental real estate is critical for retirement. I also understand your logic for not buying silver. Still, I disagree but based on different reasoning. For so many reasons, I think, silver could be a great speculation. I'm willing to speculate, so I buy a lot of silver. And I will hold silver till its real value is born out or until I die, whichever comes first. By contrast, I will sell most my gold before the end of the decade and put it into rental real estate (just waiting for the right timing). For me, gold is a savings account and silver is an undiscovered high flying stock.

[@2is1gold]

Gold for real estate is a relatively popular strategy. Good luck to you!

[@dobberyan]

Cool take, thanks!

[@Eli-qr9hc]

Great research. But there may be some newer stackers and may need an explanation of how you would use the gold that you saved up. Like having enough for 3,6 or 12 months. Meaning how you would use the gold once saved up. I’m approaching 1k oz Ag. And 8oz Au

[@superdutyohv3401]

Very cool analysis! The hypothetical scenarios are always fun! The $5000 + per month seems high on monthly expenses. But I don’t have kids yet so that will probably change things quite a bit. Trying to stash as many ounces aa possible before the kids come lol

[@2is1gold]

Yeah, that's average mean household income rather than bachelor or dink expenses. Those babies need shoes!

[@edb3877]

@@2is1gold Yes, they do, and as a father of 2 kids, about 90% of their cost comes in the last 10% of the time until college or trade school graduation. Spendy critters these kids! 😲

[@theoneandonlybumpus2862]

$5K/month is insanely high … Willie Nelson doesn’t even understand how high that is

[@robertcarmosino6563]

I got a vasectomy in the early 80s, best thing I ever did .. winning !$$$

[@superdutyohv3401]

@@robertcarmosino6563 Gold > Kids 🤣

[@BoBear79]

I've tended to think that at retirement, I want to own an amount of gold equal to one year's worth of my last (highest) salary. That actually comes close to your formula here. One man's opinion.

[@mdavid2100]

Great video, thank you. It's tough being retired and trying not to spend any of the PMs and accumulate more. Living modestly has helped.

[@2is1gold]

Thanks!

[@johntempleton265]

Just getting into stacking and find your content extreamly relatable and useful.

[@MC-.-]

For short term barter, I switched to 1/10 ounce gold eagles. My goal is currently 200 ounces of silver in mostly silver eagles, 2 ounces of 1/10 th gold eagles per month for 1 year. In addition 20 coins gold eagles and buffaloes. I think one year is sufficient goal for now.

[@2is1gold]

Yeah, solid plan. Cheers!

[@gunsandsilver]

If you can try the 1/4 oz gold eagle you'll pay way less per oz if you do. The lower the fraction the higher the minting cost. Solid plan though!

[@MC-.-]

@@gunsandsilver thank you. I know it is a smarter buy, but I am concerned about spending it on goods in a barter situation which is why I want fractional gold. I can see bartering/buying $250 worth rather than $500 of goods at a time. I’m thinking all the goods will not be on one store, but better in 10th ounce for several stores or places. Silver eagles also should come in handy. It’s anybodies guess how it will go, but smaller denominations may be better. What do you think?

[@gunsandsilver]

@@MC-.- I see your thinking only thing I can think is, i belive silver is used for bartering and gold is used for bigger purchases. So I stack silver and 1/4 oz eagles. With the proce of 1/10th oz eagles you can get almost 6 1/4oz age

[@MC-.-]

@@gunsandsilver1/4s are definitely a smarter buy. What tipped the scale for me to 10ths was the price of silver eagles and silver premiums too. Silver is better for bartering I understand. I do understand that silver rounds would probably be good too for bartering too, but I believe eagles would be easier to barter with as opposed to generic silver rounds and bars. With that said, high premiums on silver eagle I thought is a worse deal than premiums on 10th ounce gold eagles. I think 10ths are a better deal than silver eagles. I chose tenths. If and when those premiums drop, I will buy again, but I also believe although tenths carry a heavy premium too, it is gold after all and more valuable in barter.

[@rd9102]

That's why i like this channel. Always smart and intelligent analysis but also the reality of personal choice without all the extraneous garbage a lot of channels push.

[@2is1gold]

Thanks!

[@Knife_Collector]

What I consider enough is, if I had to start over from scratch I could. That is, buying a used car, rent, clothes, all the things one would need if everything was lost, with no extra cash, just metal, and have enough for a few years. Think of the fires out West, where homes, cars, their entire lives were burnt to the ground, and if they did not have insurance, no savings to speak of, they would be hurting. A fire proof safe with 50 ozs of gold would be wonderful. This needs to be titled, 2 is 1s save as you go plan.

[@edb3877]

"A fire proof safe with 50 ozs of gold would be wonderful." Yes, it would... and it IS! lol But if a forest fire was coming, I would take a few minutes to dig a discrete hold in the ground to bury it. Don't want to come home afterwards and find a puddle of mixed PMs where the safe used to be.

[@2is1gold]

I like this idea! 🤜🤛

[@mattseverance8176]

Great Idea!!!

[@Varxiva]

I'm new to investing in precious metals, looking to make my first purchases soon. Interesting concept, to start with silver. Makes sense - wouldn't want to have to barter for something like food with only gold coins worth roughly 2k. Thank you for the informative video. Love your Count of Monte Cristo book on display.

[@allenarrows9347]

you have too much if what you have is preventing you from covering other needs

[@2is1gold]

🤜🤛

[@4metoknow]

thank you for information do you / could you do a video on the implications of insuring your bullion? ty

[@leandroluera3462]

Great informative video kid. I'm retired. #1 no bills everything paid for. #2 self reliance own only what you can service and maintain. #3 secure all devices needed water and food, electric, gas, fuel optional. #4 home security weapons and ammo, safes, fences, etc. #5 10% of your. Last working 1 year income in cash, gold, and silver all backed by a WILL for the kids because after all that work we die.😳

[@2is1gold]

#2 will do most in. We’re running out of generations of humans able to fix things!

[@RealPsychoChef]

For me, there’s never gonna be “enough” Gold.. I’m saving them for retirements with my wife. Gold can be as much as you can. But silver, honestly, if any shtf hits, I don’t think you can carry the silver around without running into any problems.. Silver will be a burden to carry in war times, or any doomsday scenarios. Even in economy crisis, nowhere is safe when people get desperate. Gold is just easy to carry and hide. My goal is just 100oz for me as a small buffer for quick cash. The rest will be gold. I only keep minimum cash for food, rent/mortgage for 3-6 months(depends on your income). And the rest just exchange for gold. For myself, it’s around 40%-50% of my monthly income.

[@2is1gold]

Looks pretty similar to how I think. Cheers!

[@theambiguoustruth8167]

You can carry 1000 oz of silver in a ammo box. Not sure how that would hold anyone back? Lol I can easily move 1000s of oz of silver!

[@RealPsychoChef]

@@theambiguoustruth8167 I highly doubt you can carry 1000soz of silver along with your bug out bags and gears. While dodging missiles and bullets in war times scenarios. Imagine yourself in Ukraine. Ok not war times, Great Depression maybe? If I see you carrying a heavy box on your way to barter or exchange something, I’d rob you in an instant. Or if I break in your place like a normal desperate thief in any economy depression, that size of silver gonna attract attention. Anyway, what I’m saying is, carrying 1000oz of silver is easy for you or not, all it takes would be 10oz of gold for me. And that makes a difference if I’m being chased by a tank behind me. And you never know what will come after you when SHTF hits. Hell, if you only have 15 minutes to get to safety in a nuclear attack. Would you carry 10oz of gold or 1000oz of silver? I think it’s a really obvious choice here. It’s not about how you carry them in peaceful time.. one of the reasons why we get PM is for SHTF.

[@theambiguoustruth8167]

@@RealPsychoChef I'm just trying to get to my cabin. Will only need to get the silver into my car and out. Your needs are different than mine. I love gold and silver. Have them both! Just dont think silver is hard to move or store

[@theambiguoustruth8167]

@@RealPsychoChef of course in the scenario you created I would pick gold. But the scenario I imagine is way different.

[@chaunceyhart1346]

Nothing beats an Eagle, so true.

[@blastoffbat3820]

Excellent! Great job, I got the ''Cheat Sheet'' ''NUMBERS!'' Thank you so so much! Your video was extraordinary, very very informative. I was ''TRIGGERED'', hehe. I commend you. Please continue!

[@markgutierrez9295]

I think you meant to put income x 0.08 not 0.8. People are gonna calculate 80% of their income 😆 great content!

[@2is1gold]

It's becoming clear I need somebody to check my work! 😂

[@poremechen]

@@2is1gold yp. u got me there. good thing I read comments :D

[@72cmcinc]

Can I ever have enough?? Great timing with the "nerdy" stuff as the kids just headed back to school : )

[@2is1gold]

Grab an extra fancy calculator for extended planning! 😄

[@silverliner4894]

I've been around awhile and I saw the 1980 run up and I saw the 2011 run up as well. I know silver is a long shot and I know gold is solid, no pun intended. Hindsight is always 20/20 and right now I wish I had bought more gold instead of silver. I have 4,300 ounces of silver and only 24 ounces of gold. That's why right now I'm focusing on gold. Gold is what the banks have because it is a tier1 asset and I think you gave a great evaluation on what you should have

[@2is1gold]

That’s a lot of silver!

[@silverliner4894]

@@2is1gold Yeah, 75 ounces away from 300 pounds. If I had to move it in a hurry it wouldn't be fun

[@EB-xz1nq]

I am 52 have a beautiful high earning wife and 5 children oldest is 21 starting their journey to wealth i enrolled all of them into Roth IRA and the two oldest have a 1 ounce gold/year goal. I’ve been picking up 1/4 AGEs and a occasional Buffalo monthly for about 5 years now, I plan on retiring at 62 and spending two or 3 years sailing around the world on my @20,000 k sailboat, no rent, no gas-finding free anchorage’s and supplementing food costs by fishing with normal maintenance i calculate $18000 yr total outlay to live the cruising life. Hopefully when I finish the journey one of my kids will rent me a room next to the sea! God willing I will remain healthy for that adventure. Sure I could work until 70 building more wealth but the gnaw of living with a unfulfilled dream will cost me much more!

[@2is1gold]

Looks like you have it nailed!

[@steveheaster6202]

Great information! Thank you it puts my plan into perspective

[@_VISION.]

In a situation where the whole economy collapses, where do you even go to spend the gold? How do you get change back if fiat has gone to shit? Even as a back up savings, what would be the point of keeping it in gold if the economy/fiat is fine?

[@wsbill14224]

I think it's a good idea to save 10% or so in gold ounces. $2000 for a gold ounce isn't a lot of money anymore so they will be easier to transact as inflation goes forward.

[@KMKKM007]

Wow, you got 50oz of gold as emergency funds. Awesome!

[@daleyfamily2179]

Is that a milk spot on that silver eagle lol. Good video. I spent 20 years in the insurance industry and no one I ever delivered a life settlement check to ever said to me, " I wish we would have bought less life insurance". More is better, less is not as good.

[@2is1gold]

Not a milk spot. Liberty's chest seems to be a hot spot for dings. Cheers!

[@Fanta....]

assuming the company doesn't find a way to weasel out of paying. filthy maggots they are.

[@TheRazzaManazza]

Practical, useful, informative. You're very easy to listen to as well. 👍🏻

[@2is1gold]

Thanks, Razza!

[@PauloH7I]

I'm 35 years old, I have 14,5 once of gold and 45 once of silver my home fully paid , I hope stay in good way , I'm don't remuneration in dollars 💵 only Brazilian real.

[@2is1gold]

🤜🤛

[@JHawthorne]

“Subsidizing” is a great word to use. Awesome video!

[@2is1gold]

Thanks!

[@leefury7]

Family of 19. 2800 oz silver. 110 oz gold. Silver is for quick gain and then sell to buy more gold.

[@thejoshman1234]

I think it’s important to get as much value from everything as possible, cash savings, gold, silver and retirement accounts. Just do as much as you can lol

[@byteme0000]

What happens when you need to go a couple of months or so without an income and you begin to liquidate some gold and silver coins? The nosey federal government could get wind of regular multi-thousand-dollar deposits into your checking account and wonder where the money is coming from... so then you get hit with a bill for taxes or get accused of unreported income. Of course, you can sell for cash and most dealers probably prefer that, but if you sell a few gold coins each month, what are you going to do with $5K in cash every month? You can’t easily pay your mortgage or other bills with that.

[@3B-TM]

Good conversation, always watch and enjoy your channel! 💪😎👍🇺🇸💰🙏

[@demolitiondan1188]

Canadian silver maples are my favourite silver due to their 9999’s purity. 🍁👍🏻

[@edb3877]

All 1-oz. silver coins contain 1 full Troy oz. of silver... except for recent Chinese coins that have 30 grams of silver in them. IMO, the purity difference between 999 and 9999 is probably more about rounding differences and less about true purity. That said, I do like Maples and have a good stack of them, as well as ASEs, and US pre-1965 silver coins. Love the Morgans with the Kennedy halves a close second.

[@VerticalStacker]

Makes sense to me. Practicality is a good approach. And while I suspect you have positioned yourself to be recession-proof, I think a couple of years of savings in metals is a great plan. As it relates to savings and retirement, well, metals should really only play a small role in that overall financial picture. Just too many gains to be had elsewhere to pile it all into metals. I prefer junk bonds, lol. There’s some financial advice 🤷🏻‍♂️😉

[@2is1gold]

Ha! I agree completely on not having gold overtake possible growth assets. Get some of that money working for you so you don’t have to work for all of it. This coming from a couple of guys that probably went overboard on a gold purchase or two in their lives. 😄

[@markgotschall2914]

Accidently hit your numbers without trying too hard, I did what made sense to me and hit it exactly,

[@2is1gold]

Nice

[@dr.g6105]

commenting for algorithm. Always a great job. Thanks man.

[@MMan-yo3ix]

Instead of smoking, just been buying a silver dollar every day. Turned into a 20 year bad habit...

[@jrframe11]

People seem to think silver will be used to barder. Problem with this notion is silver and gold are not plentiful enough to use for barder. With 330+ million people in the USA and 7.9 billion worldwide there isn't enough silver.

[@user-ig8is8ry1k]

I personally am trying to reach 100 oz of gold buffalo in the next 10 years + I buy golf buffalo proof 70 (numismatic) coin each year of release.

[@sergiofaenza9170]

As much as I appreciate your common sense approach to gold topics, I equally appreciate your folder selection. Top notch 👍 Especially that Holt!

[@rodney73991]

you don't sale all gold at once. so if retire sale one coin use that money plus saving. then later on sale another coin. don't sale everything at once because price gold might go up before get that 10 coin.

[@yourdailyblockchain]

Your thinking makes a lot of sense - great vid

[@2is1gold]

Thank you!

[@acousticlover-datnguyen6571]

Man! It’s too late for me. I used to own 30 oz of gold coins when I was 30. I sold them all when I was 31 @ $320 per 1 oz coin (needed $ after laid off). Today, I am 56 years old. Starting stack gold coin again. Am I too late. Price is pricey now (not like $280 per 1 oz gold coin in year 2000. 😢. If I did not loose job, I may have a lot till now. Lost interested after loosing my job.

[@FinancialSelfReliance]

Personally I believe that people should have 20% of their investable assets in gold and silver, and maybe half and half in each. I am about 20% in my portfolio with about 60% of that in gold and 40% in silver. I like that you have 2-3oz of Gold per month for emergencies, that make sense.

[@martinjolicoeur766]

Thank you very much for this advice! Now I have a plan!

[@5.0beers70]

Good video, I will use the info to guide my precious metals goals for the future.

[@2is1gold]

🤜🤛

[@jamesrobinson8247]

This is the kind of thing that kids should be learning in school. They need to understand that they have to prepare for life. If they understand this, many of these kids will do well in the future. The school system fails these kids because they’re not prepared for life upon graduation. Gold and Silver should be the foundation that one builds their financial house upon. Stocks, bonds, mutual funds, life insurance are all in addition to Gold and silver. Also, 401K and pension plans will provide additional financial protection. If you can do it like this, you could ride out any economic problems in life.

[@2is1gold]

Agreed. Financial literacy should be taught early. I'd say it's not taught at all currently. Cheers!

[@edb3877]

@@2is1gold Some of us tried to teach this to our kids. Our son took to it like a duck to water, so at age 47 is well on his way to being a millionaire. Daughter, on the other hand, likes to spend, so likely will be scraping by from paycheck to paycheck. Maybe she's banking on a FAT inheritance from her old man? lol

[@FinancialMaintenance]

If it's for savings it's all in for me. I view all PM'S as a savings account. I like that pms are a little harder to spend than liquid cash.

[@2is1gold]

I'm with you!

[@FinancialMaintenance]

@@DrSchor that and they look better than numbers on a screen.

[@lindawade9647]

This was an excellent, helpful explanation on how to estimate savings and buying precious metals to sustain a standard of living, or in an unforseen health situation, or catastrophe. Thank you. This is a good way to estimate what amount of precious metals to aim for.

[@BecauseReasonsReviews]

Would you look at that must-have, shiny, pristine, unscratched, absolutely smooth, mint condition, interesting pattern, reliable metal, very valuable but practical pocket knife you got there. On topic: I think 5% - 10% of retirement portfolio in precious metal is a good idea for the majority of people.

[@patientpicker9629]

Personally fully fund a Roth. Invested in crypto got screwed in a voyager account. Made my first silver purchase. I like to dollar cost average and hopefully will buy a 100 ounces or so per year. Being debt free is the key for any kind of successful investor.

[@edb3877]

Agree that being debt free is A key to financial success and should be everyone's financial goal. There are multiple keys involved, such as working hard, saving religiously, spending carefully, and investing wisely.

[@2is1gold]

Yep, debt-free changes the game.

[@Johnsmith46392]

Great video. I keep 7% of net worth in gold and an additional 1 years worth of food cost in silver. As the prices and net worth change I either buy or sell to keep that percentage consistent.

[@2is1gold]

That's great. Net worth can a hard number to figure. I'm not smart enough to figure out mine. 😄

[@Johnsmith46392]

@@2is1gold I’m sure you could find a KZbin video on it 😜

[@well.thy.one.]

@@2is1gold im sure you can figure pretty close, but no ones is ever precise and everyones has a different breakdown and use case, even if the valuations are identical.

[@zandersohn4283]

Finally have enough gold & silver …..yeah …..maybe my mom will quit drinking & my dad will come home too-

[@2is1gold]

Ha! 😂😅🥲

[@spydude38]

Enjoyed this. Thought provoking for anyone who is stacking for the future. By having something to focus your purchasing decisions on, it allows you to have control of your future.

[@2is1gold]

🤜🤛

[@johncreighton44]

You’re the best at this. You give great information without falling down “the world is ending right now” hole and trying to scare the viewer into impulse purchases. Bravo.

[@wrewstervideo]

Silver is completely underrated and underrated. It has always been real money for thousands of years. With Elon Musk now interested in buying a silver mine maybe this will change people's perception and move the meter along with it.

[@undeadaeon9992]

Man. I just want enough money to camp and fish then go back into town for supplies once in awhile. Don't gotta save up a lot for that.

[@niallbuckley1]

I recently bought my first golden eagle & just ordered my second, I really enjoy this channel & am wondering if 2 is 1 is loading BTC too.

[@2is1gold]

I have 1.xx BTC. I had sold it down last March, but I’ve been building it back up. Quite a bit more ETH.

[@forgetmre]

A big oversight is the rate of inflation in the monetary metals. For instance, newly mined gold adds rough 2 percent to the total supply. Which erodes your purchasing power over time. If you factor in a two percent decay, that would make the half life of your money 50 years. Coincidentally, it's pretty close to your income generating years, meaning you have understated the required amount by half give or take.