Should You Buy Gold and Silver?

Why you shouldn't buy gold and silver might be a better starting point than somebody's recommendation of what percentage of your portfolio should be in gold or silver. The question comes up all the time. It might not even make sense.

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▸ Pelican Micro Case

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▸ 30mm Direct-Fit Capsules (Fit 1 oz Canadian Maple Leafs)

▸ 27mm Direct-Fit Capsules (Fit 1/2 oz American Gold Eagles, etc.)

▸ 22mm Direct-Fit Capsules (Fit 1/4 oz American Gold Eagles, etc.)

▸ 16mm Direct-Fit Capsules (Fit 1/10 oz American Gold Eagles, etc.)

▸ Theory11 Playing Cards

▸ Field Notes Notebooks

I buy gold and other assets over time, and then buy more as price and interest allow. If you want to know more about buying gold coins, that is my primary focus here. Cheers!

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Disclaimers: I am not a financial advisor, a CPA or an attorney qualified to give financial advice. Nothing I say is meant as professional or financial advice. I'm just a guy on the internet, talking about precious metals. This is for entertainment only. If you're looking for financial, tax, legal or other advice, please seek out a professional. I will NEVER ask you to send me money to trade or invest for you. Please report any suspicious emails or fake social media profiles claiming to be me.

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Thank you!

[jasonandjulim]

Central banks do not consider physical gold an investment. They consider physical gold to be a foundation, insurance, and source of monetary strength. I try and do the same thing.

[mikebiase]

I'm retired 9 yrs. now & pretty happy with my investment. Any new investment allocations will be 70% arms and ammo and 30% scotch and bourbon

[TheWesternWest]

I’m 24 and have been trying to live by the “ pay yourself first” method with Stocks and I just purchased my first gold coin after watching your video for the first time a few days ago. Plan is to hold long-term just like the stocks. I appreciate your knowledge keep up the hustle.

[Frdtsl]

Market is crashing and gold is up and dollar is getting crushed by inflation. Seems like gold is holding up the best this year.

[ar-osiris]

That's a valid point. Only own as much as you can without having to liquidate it in case of a "minor" emergency. If you do not already have the funds in your bank to cover an emergency then you own too much. Good example in my case, was I purchased a one oz Britannia about 2 months ago and had to liquidate it as well as some silver to cover something. Wont make that mistake again. ONLY PURCHASE WITHIN YOUR MEANS! lol

[boilermatt]

I stack just enough to impress & engage my son and to annoy my wife. Being careful to NOT stack to a level in which my wife's annoyance escalates to "crazy lady is now big mad" status.

[LD_Tush]

This is great content. It actually settled a few of my own thoughts. Thanks! I agree with gold holdings being different for everyone, depending on your wants and needs. Your logic is right on the money. Very well said my friend.

[justinevansgsmswaw]

I’m too poor to buy gold in a meaningful way but I do buy silver monthly. Im retired and my PM allocation does not effect living expenses.

[jaybarr]

Loved this one 2is1. One of your best, I think.

Just today, I paid $14K for a home repair that came up suddenly at the end of last week. The contractor gave me a cash discount which I always ask for. So glad that I had it on hand (with still more than half that left) as there was no time available to go off selling metals. Due to this reduction in COH, I won't buy more metal until the cash reserve is replenished. In fact, I don't buy metals unless I have a year's worth of cash reserves between the bank accounts and the safe, in percentages that make sense to me. Frankly, I'm not sure anyone should. Cash is a must have. Metals are a "nice to have". The investments are there and beside the point. It took some time but my stack is at the goal that I set for myself and all purchases now are in dribs and drabs; an ounce here, a half ounce there, a tube of silver when it suits me and, it only suites me when the premium is quite low. Metals simply add to my sense of security but the bulk of that "sensation" comes from a strong cash position. Probably gonna leave the metals to the next generation anyway; it's a terrific "off the books" way to pass on some anticipated wealth. I got a late shove forward this way and will be eternally grateful to my deceased mother for that. She was the family's first "prepper" and I thought she was overboard. Then, I observed the effects of Katrina, Sally, and Covid. It all makes sense to me now and I've adjusted things accordingly. Next step: retirement, maybe relocation to a more tax advantageous and less "progressive" state.

[frankw]

I have my stacks in two different categories. I like maintaining roughly 5% of my net worth in physical gold & silver, so as my portfolio increases, I will add to that. That is my "opportunity" stack that is quickly accessible without a penalty if something REALLY good presents itself. The other category is set aside as 80% of my emergency fund, which is only "break glass in case of fire", and is never to be touched for a want, only a need. Both are inflation hedges, just a different mentality between the two.

[glenh]

Gold is savings. If you are in debt do not buy gold. Pay off debt. Most people should not be buying gold.

[cmcinc]

Level headed and smart conversation! All up to the individual!

[natemr]

Great video brother thanks for the info have a great week 🥃🥃🥃🥃

[homesteadaquarius]

Thank you! Great commentary sir.
For me, I would have too much if I was not able to cover those needs for the odd emergency. Folks need to keep that stack of dry powder for things that happen and not just for the next dip. Multiple dedicated compartments for different things and one for those precious metals.
In case of a bigger emergency they can be mixed in together but never go without that folding money.

[modernsaver-kmex]

If you don’t hold Gold you know neither history or economics - Ray Dalio

[Arturro-ixzg]

I am retired and use my gold and silver to help me enjoy my time. I still buy when the price goes down and spend it when values go up.

[brianchasecook]

youtube ads missed the mark lol...asking me why i'm not investing in tax liens when I google a gold video 😂

[Gold_]

I think it is good to look at gold as an alternative to cash and not an investment. Love the comparison of "investment vs expenses."

[FromAmericaToJapan]

Well I don’t look at gold, silver, platinum as some stock, I look at it as a savings account. I stopped saving money in useless paper mostly and put it into metals. I continue to put it into metals over a savings account because I like physical metals and believe having metals like Gold will protect my wealth over fiat that’s backed by nothing. I do have some crypto like XRP, but even that is kept offline in a cold wallet storage, I DCA into both metals and other investments. But again. Metals for me is just a physical savings account, if it goes up tons of percentage later on good. if it stays around same value, good I’m happy. Because it’s just saving real money for my retirement. P.S. I do keep some cash as well for emergency situations to use in f car breaks down, or I lose my job to survive for a few months or so.

[calvincooper]

I have over 70 pieces of gold 🥇 in fractional.