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61,556 Views ā€¢ Jul 12, 2023 ā€¢ Click to toggle off description
The most recent survey results show 40% of Americans wouldn't be able to pay for a $400 emergency with cash savings. Findings from the survey of 11,000 respondents were released in May of 2023. Saving gold for emergencies might be a good strategy to make saving more interesting. It is for me.

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YouTube Comments - 221 Comments

Top Comments of this video!! :3

@wda-59-14

1 year ago

And if you never have to tap into that emergency savings, tubes of gold eagles, buffalos, and maples become instant emergency savings for your heirs.

139 |

@DanijelTurina973

1 year ago

The problem is, people who can't cover a $500 emergency are usually up to their eyebrows in debt, and are often behind on bills and rent, and struggle to afford gas and food, because they have income that's simply too low to cover expenses, and are often working more than one low-paying job, so their maneuvering ability is very low. Telling them to save in gold is not very useful because they don't have any disposable income to save, they have a negative income/expenses balance.

9 |

@sixtwoinak

1 year ago

Very well said sir. That message hit my ears loud and clear. My budget is less than $400. Silver is the way for now. šŸ‘šŸ’Ŗ

88 |

@TheQuickSilver101

1 year ago

One of the folks in this world who knows me personally and knows I buy gold used to tease me for buying it. Then he saw how useful it was for me when I needed cash, since then he hasn't said anything. It's kind of fun when your approach is validated

21 |

@patchrat1

1 year ago

Itā€™s a lot easier for me to get a quarter ounce of gold and hang on to it than 500 in cash

13 |

@takashichacon3510

1 year ago

does not matter, either silver or gold. love gold but some months i can only afford silver. think its important to at least save something.

4 |

@ThePatriotPirate

1 year ago

Your gold stacking is very impressive

28 |

@glenh4971

1 year ago

Its very expensive to live in the US. Even with careful saving its very difficult to save up to buy a gold coin. Most people have never held a gold coin in their hand. People might agree that its smart to buy gold, but never have the opportunity to do so. Every gold coin that you buy is a blessing. Not an option for most of us.

6 |

@nwalker2619

1 year ago

The problem is that once you start buying them you don't want to sell them. I rather work an extra shift than sell my gold.

4 |

@diggersouth

1 year ago

boredom and bad habits is the most honest and real comment on not saving. I should know.

2 |

@allanwheeler

8 months ago

This information is just as valuable as gold itself! So glad I listened!

3 |

@homesteadaquarius

1 year ago

That is a beautiful emergency fund!

35 |

@nicholastracy4915

1 year ago

There IS a psychological change that occurs when you save in gold vs digital cash or physical cash. I find I respect my gold savings more, not as a hobbyist, it is something more. Something, old. Idk. But the reason to sell my gold would have to be significant. Have just broke through my first 3 ounces, am at 3 ounces and a tenth.

1 |

@michaelmccoy2847

1 year ago

Saving regularly in gold is one of the best habits to get into

34 |

@scottm2527

1 year ago

Cash is also easier to spend than gold. So youā€™re kind stuck hanging on to it - which makes it easier to save.

4 |

@user-qg4bp6iq2u

1 year ago

Appreciate your channel my brother , gold and silver ! This is the wayā€¦.

3 |

@MarkDanger777

1 year ago

Even if you dont stack for investment, it's really pleasurable to the eyes to collect precious metals. I personally only started with 10 oz silver bars, I have 10 now. Might try to get 100oz in silver rounds, then gonna start stacking some gold coins

1 |

@jgrant5255

1 year ago

I hope that your wife appreciates your planning for a rainy day.

10 |

@awuhndifonclive2510

1 year ago

Thank you, this is so helpful šŸ™

8 |

@TheJellyfish800

1 year ago

Bro 40% of people donā€™t have 400 bucks??? Thatā€™s fucked

2 |

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