Minimum Amount of Silver You NEED to Own

Summary

In this YouTube video, the host unboxes silver rounds and discusses the importance of having a minimum amount of silver in one's investment stack. The host recommends starting with 40 ounces of silver, which is a manageable goal and aligns with financial expert Dave Ramsey's advice on emergency funds. The video also includes a charity auction announcement for the Wounded Warrior Project and provides tips on silver stacking with generic rounds and bars.

Takeaways

• 🔓 The video is an unboxing of silver items and a discussion on the minimum amount of silver one should have in their investment stack.
• 📦 The host unboxes a variety of silver items, including one ounce buffalo rounds and special edition 'Don't Tread on Me' and 'Game Stonk' silver rounds.
• 🎁 One additional silver item was received for free and will be added to a charity auction benefiting the Wounded Warrior Project.
• 💰 The host suggests that the minimum goal for a silver stack should be 40 ounces, which was also his personal initial goal when starting to invest in silver.
• 🔄 The 40-ounce goal is practical as it can be stored in two tubes and is a manageable amount for someone just starting to invest in physical silver.
• 💲 The value of 40 ounces of silver at $25 per ounce is $1,000, aligning with Dave Ramsey's recommendation for an initial emergency fund or savings.
• 📈 Silver is considered a better savings instrument than cash due to its potential to hedge against inflation.
• 🚫 Having silver as savings creates a barrier to spontaneous spending, requiring an extra step to sell it for cash, which can be beneficial for financial discipline.
• 🏆 The video also mentions a sweepstakes for a chance to win a monster box of 500 silver eagles from SD Bullion.
• 🌟 The host encourages viewers to aim for at least 40 ounces of silver and then to continue stacking beyond that initial goal if possible.

Q & A

What is the main topic of the video by SilverDragons?

The main topic of the video is unboxing silver and discussing the minimum amount of silver one should have in their stack as a starting goal for investing in precious metals.

What types of silver rounds does the video mention?

The video mentions one ounce Buffalo rounds and 'Don't Tread on Me' silver rounds, as well as 'Game Stonk' silver rounds.

How many silver rounds did the presenter unbox in the video?

The presenter unboxed a total of 16 silver rounds, including 10 Buffalo silver rounds, 4 'Don't Tread on Me' rounds, and 2 'Game Stonk' rounds.

What is the significance of the number 40 in the context of the video?

The number 40 represents the presenter's recommended initial goal for the minimum amount of silver one should have in their stack, which they believe is a good starting place for someone new to silver investing.

Why did the presenter choose 40 ounces as the initial goal for silver stacking?

The presenter chose 40 ounces because it was a manageable and achievable goal for them when they started stacking silver, and it fits well into the tubes used for storage, with two tubes holding 20 rounds each.

What is the connection between the number 40 and Dave Ramsey's financial advice mentioned in the video?

Dave Ramsey recommends saving up $1,000 before starting to pay off credit cards. Since 40 ounces of silver at $25 per ounce equals $1,000, the presenter suggests 40 ounces of silver as a good starting emergency fund or savings.

What is the presenter's opinion on silver as a savings account compared to cash?

The presenter believes that silver is a better savings account due to its ability to hedge against inflation and the fact that it can be sold for cash in emergencies, unlike cash which can be easily spent.

What additional types of silver does the presenter recommend for stacking beyond the initial 40 ounces?

The presenter recommends generic silver rounds and silver bars, with a preference for 10-ounce silver bars, for those looking to stack more than the initial 40 ounces.

What charity event is mentioned in the video, and how can viewers participate?

The charity event mentioned is a charity auction on the presenter's YouTube channel, where every penny from the auction will go to the Wounded Warrior Project. Viewers can participate by donating precious metals or bidding on items during the auction.

What is the presenter's view on the necessity of having silver versus just needing it?

The presenter quotes Franz Kafka, stating it's better to have and not need than to need and not have, emphasizing the importance of having silver as a safety net for unforeseen circumstances.

Outlines

00:00

🔓 Unboxing Silver and Setting Stacking Goals

In this segment, the host, SilverDragons, begins by introducing the video's purpose: to unbox some silver and discuss the minimum amount of silver one should have in their stack. The host expresses gratitude to the viewers and encourages them to subscribe for more content on precious metals. The unboxing reveals a collection of silver rounds, including 10 Buffalo silver rounds and a mix of special edition 'Don't Tread on Me' and 'Game Stonk' rounds, totaling 16 ounces. The host also mentions a charity auction for the Wounded Warrior Project and shares personal experience, stating that their first 40 ounces of silver were acquired through recycling cans. The goal of 40 ounces is introduced as a starting point for new silver stackers, with the host explaining the practicality of the number in terms of tube storage and the ease of stacking in multiples of 20.

05:03

💰 The Rationale Behind a 40-Ounce Silver Stack

The second paragraph delves into the rationale behind choosing 40 ounces as the initial silver stacking goal. The host aligns this number with financial advisor Dave Ramsey's recommendation of having $1,000 saved before starting to pay off credit cards, suggesting that 40 ounces of silver, valued at $1,000 at $25 per ounce, serves as a solid starting emergency fund. The host argues that silver is a superior savings vehicle due to its protection against inflation and its ability to be liquidated for cash in emergencies. The paragraph concludes with a demonstration of what 40 ounces of silver looks like, comprising a mix of silver rounds and bars, and encourages viewers to aim for this minimum before considering larger amounts. The host also quotes Franz Kafka to emphasize the value of preparedness, suggesting that having silver on hand is better than needing it and not having it.

Keywords

💡Unboxing

Unboxing refers to the process of opening and displaying the contents of a newly acquired product, often done with enthusiasm and excitement. In the context of the video, the host is unboxing silver rounds, which are a type of silver bullion product. The unboxing is significant as it visually introduces the audience to the physical silver products being discussed and adds an element of engagement to the video.

💡Silver Stacking

Silver stacking is the practice of accumulating silver, typically in the form of bullion coins or rounds, as a form of investment or savings. The video emphasizes the importance of starting a silver stack, suggesting it as a prudent financial strategy. The host discusses the minimum amount of silver one should aim to accumulate, which ties into the broader theme of personal finance and investment.

💡Ounces

In the context of precious metals, 'ounces' is a unit of weight used to measure the quantity of silver or gold. The video script mentions the goal of accumulating 40 ounces of silver, which is a specific target for beginners in silver stacking. This measurement is crucial as it standardizes the discussion around the quantity of silver one should aim to acquire.

💡Investing in Precious Metals

Investing in precious metals like gold and silver is a way for individuals to diversify their investment portfolios and hedge against inflation. The video is centered around the idea of investing in silver, which is presented as a tangible asset that can serve as a store of value. The host's discussion of silver stacking and the unboxing of silver rounds are meant to educate viewers on this form of investment.

💡Minimum Amount

The 'minimum amount' in the video refers to the initial goal of 40 ounces of silver that the host suggests as a starting point for those new to silver stacking. This concept is important as it provides a concrete target for viewers to aim for, making the idea of investing in silver more accessible and less intimidating.

💡Dave Ramsey

Dave Ramsey is a well-known personal finance expert who advocates for financial literacy and responsible money management. In the video, the host references Ramsey's recommendation of having $1,000 saved up as an emergency fund before paying off credit card debt. This reference is used to compare the value of $1,000 in silver to the same amount in cash, highlighting silver's potential as a savings vehicle.

💡Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, and subsequently, the purchasing power of currency is falling. The video discusses how inflation can erode the value of cash savings over time, while silver, being a tangible asset, is posited as a better hedge against inflation due to its potential to retain or increase in value.

💡Emergency Fund

An emergency fund is a reserve of cash set aside to cover unexpected expenses, such as medical bills or car repairs. The video suggests that having 40 ounces of silver, equivalent to $1,000 at the time of the video, could serve as an emergency fund. This concept is explored as an alternative to traditional cash savings, leveraging silver's potential to maintain or grow in value over time.

💡Silver Rounds

Silver rounds are a type of silver bullion that is not minted by a government but is produced by private mints. They are mentioned in the video as a popular choice for silver stacking due to their typically lower premiums over the spot price of silver. The host shows a variety of silver rounds, including buffalo rounds and 'Don't Tread on Me' rounds, to illustrate the types of silver products available for investment.

💡Charity Auction

A charity auction is an event where items are sold to the highest bidder, with the proceeds going to a charitable cause. In the video, the host mentions adding an extra silver round to a charity auction to benefit the Wounded Warrior Project. This highlights the host's engagement in philanthropy and provides an opportunity for viewers to participate in giving back while also being part of the silver community.

💡Wounded Warrior Project

The Wounded Warrior Project is a nonprofit organization that offers a variety of programs, services, and resources for wounded veterans of the military. The video script references a charity auction where the proceeds will go to this organization, showcasing the host's support for veterans and encouraging viewers to contribute to a worthy cause.

Highlights

Introduction to unboxing silver and discussing the minimum amount of silver for a stack

Invitation to subscribe for more content on precious metals

Unboxing of silver rounds, including buffalo rounds and themed rounds like 'Don't Tread on Me' and 'Game Stonk'

Mention of a charity auction for the wounded warrior project

Personal anecdote about starting with silver stacking using money from recycling cans

Suggestion of 40 ounces as an initial goal for silver stacking

Reasoning behind choosing 40 ounces as it fits well into storage tubes and is a manageable amount

Comparison of 40 ounces of silver to Dave Ramsey's recommended $1000 emergency fund

Advantages of silver over cash as a savings method due to inflation

Recommendation of generic silver rounds and bars as ideal for stacking

Visual demonstration of what 40 ounces of silver looks like

Encouragement to aim higher than 40 ounces once the initial goal is reached

Quotation from Franz Kafka emphasizing the value of having resources when needed

Call to action for viewers to share their thoughts on the ideal starting goal for silver stacking

Closing remarks and thanks for watching

Transcripts

what is up youtube silverdragons here

and in this video we're gonna unbox some

silver and also we will be talking about

the minimum amount of silver you should

have in your stack this should be your

first goal to obtain

this number of ounces all right let's do

it

thank you so much for watching my video

i do sincerely appreciate it if you want

to learn more about investing in

precious metals or if you just want to

watch awesome videos about gold and

silver make sure to subscribe to my

youtube channel okay so first things

first let's get this silver unboxed i'll

show you what i picked up and then we'll

talk about the minimum amount of silver

you should have in your stack

all right i think that should do the

trick wow look at all this silver in

here

now we're talking we got a nice little

assortment and uh i'll go through all of

this but most of it should be

one ounce buffalo rounds i picked these

up private party these are the don't

tread on me silver rounds that's pretty

fun kind of cool to uh spice it up every

now and again game stunk

all right that's pretty cool do you

remember when everyone was investing in

gamestop with the whole wall street bets

crew how long ago was that was that a

year ago two years ago my goodness time

certainly flies but anyway uh let me

actually open these up take them out of

the flips all right so i got 10 of the

buffalo silver rounds here these are

great for silver stacking typically you

can get them for a fairly low premium

and it doesn't matter who mints the

buffalo rounds as long as they're real

silver who cares right i mean an ounce

is an ounce so stacking silver rounds

definitely a great way to go we got 10

of those i got four of the don't tread

on me and two of the game stonk

silver rounds for a total of 16. now

there is one extra one here and real

quick i just want to mention this one i

got for free so what i'm going to do is

add this to the charity auction which

will be right here on my youtube channel

on november

18th 2022

so every single penny from that auction

is going to go to the wounded warrior

project it's going to be a lot of fun if

you have any precious metals that you

want to donate to be auctioned off feel

free to shoot me an email it's just

silverdragons47

gmail.com and if you want to show up and

bid on stuff in the auction it's gonna

be a lot of fun okay so let's get back

to the video what is the minimum amount

of ounces you should have in your stack

so if you're just starting to purchase

physical silver or if you've never

bought silver before what should your

initial goal be now the number i came up

with is actually coincidentally the same

number that was my original goal when i

started stacking silver and some of you

will know this but the goal was

40 ounces so i wanted to stack 40 ounces

of silver because i felt like that was a

good starting place a good base and

there's a few reasons for this

number and uh i just want to mention

that i actually was able to stack my

first 40 ounces of silver and all the

money i used to stack that silver with

came from recycling

cans so i didn't have any extra money

and i had to sort of grind and figure

out a way to kind of come up with a side

hustle to get money for my silver so if

i was able to do it i know you can do it

as well get ready for sd bullion's

monster box sweepstakes that includes

500 silver eagles you could be the next

lucky recipient of a phone call like

this

this is dr tyler wall ceo of sb bullion

well i'm calling you to let you know

that you won the sd bullying giveaway of

a monster box of silver eagles so click

the link below for your chance to win

but the reason i initially picked 40

ounces was because this number did not

seem too

daunting if i was to go for a hundred

ounces of silver i felt like that would

take me quite a long time if i were to

go for 50 ounces of silver well that was

not going to fit in these

tubes right so this is a tube that holds

20 silver rounds and to go for 40 it

would just be two tubes i mean that is

all you have to stack right there so i

felt like multiples of 20 were better

than some other arbitrary number because

i was buying silver rounds when i first

started so i figured let's go for 40.

now since then i've had a lot of time to

think about it and i have come to the

realization that if silver is 25

per ounce and you have 40 ounces of

silver then this would equate to 1 000

dollars and one thousand dollars is the

amount that dave ramsey recommends

saving up before you start paying off

credit cards and then really start

saving some serious money so for dave

ramsey if a thousand dollars is a good

starting place for your sort of

emergency fund or your initial savings

then i think 40 ounces of silver is a

great starting place as well now

obviously you could save up 40 ounces of

silver and a thousand dollars in cash

there's no reason you can't do both but

if i could only pick one or the other i

would definitely go with the silver

because if you keep this for any sort of

duration of time inflation is going to

eat away at the buying power of your

dollars silver is a much better savings

account because of the inflation factor

but also because if you do have a

emergency you're going to be able to

sell your silver for cash but if you

just have something that you kind of

want to buy it's not an emergency but

it's just something that you want but

you probably don't need well if you had

cash you would just buy it if you had

silver you'd have to go down to the coin

shop sell your silver and it would be

this whole thing i mean it's not

impossible to get money for your silver

it's just that there's a barrier in

place so when it comes to having a

savings account especially an emergency

savings account i definitely think that

silver is the way to go now obviously

you can stack more than 40 ounces for me

this is just a starting place and the

types of silver that i recommend

stacking are generic silver rounds and

silver bars i like the 10 ounce silver

bars the best so let's see what 40

ounces of silver would look like get rid

of that one so we got 10 ounces here add

these four and the game stunk now we

just need four more to complete that

tube there you go that's 20 ounces of

silver in silver rounds and 20 ounces of

silver in silver bars so right there

that is the minimum amount of silver

that i think every stacker should go for

this should be your initial goal and

then once you get to 40 ounces of silver

there's no reason you can't push and try

and get to a hundred ounces of silver

maybe a thousand ounces of silver i know

there's some people out there who are in

the 10 000 ounce club really you can

stack as much as you want but for a

starting place you really should try to

get to at least 40 ounces in the words

of the writer franz kafka it's better to

have and not need than to need and not

have so if you had stacked that silver

you will be happy that you did if you

ever need it anyway how many ounces of

silver do you think should be a good

starting goal or a minimum for someone's

stack feel free to leave a comment down

below in the comment section lastly i

want to say a massive thank you so much

for watching my video and i will see you

all in the next one silver dragons

out