The more I'm learning, the more I see how true what you're saying is and how concerning this all is.

I am just glad my LCS is still taking all this paper I am brining him and giving me money in return. I tell him that every time I come in when he asks what I am looking for... "Just looking to trade some paper for money". Lucky for us holding USD, our paper is dying just slightly slower than all the other papers out there.

This comment should be in a book.

Excellent point. Did you see the following quote from the book "The Great Taking:" "Apparently all the U.S. public was now the enemy. Think about this. People who were simply protecting themselves and their families from the actions of the Federal Reserve System were accused of hoarding gold, and literally criminalized if they persisted in doing so. The rationale is incredible: You are hoarding gold, so we will take it and do what with it? Hoard it! As we have seen, once they had taken the gold of the public, they did not then use the resource to expand credit. People remained in a debt trap. The deprivation continued and even worsened. Clearly, the need to expand credit served only as a pretext for the confiscation of the public’s gold, which was the real premeditated objective."

@@LaurenTGage Well said.

@@therealhawkeyeii7888 I totally agree, the same thing happened in 1971, Nixon blamed 'speculators' so he had to 'defend the dollar' I am so glad that channels like this are getting some traction. People really need to understand what is going on.

Thank you! And I'm so glad too!!!!

Thank you, Cycling Philosopher! You've mentioned so many amazing coins I've never heard of. If we were in a cycling race, I'd just be starting long after the race was finished. I really appreciate you looking back from the finish line to encourage a new entrant. ☺

Hi @PensionerPrepper. I found your "Mars Bars Economics" video! Being able to buy 40 Mars bars back then vs. just a little more than 1 now. That's a great visual example of a "currency reset" and devaluation. What you said: "Inflation which is devaluation by a back door." I'm pasting the link to your video: kzfaq.info/get/bejne/kJN7ZqSFzrnJo3U.html. Thank you!

You've done absolutely awesome and this is a great and motivating example of what can be accomplished with goal setting, hard work, dedication, and time. I wish I had known you in the 90s to learn from you then, but I'm grateful to hear this now. My family is going to hear about your strategy and thank you for sharing. I will remember this.

@@LaurenTGage Keep an eye open for good deals in gold and silver. As a general rule I only buy US minted gold. Over half my holdings are 1 ounce American Gold Eagles and the rest is in $20 AU Liberty's and Saints. In addition there is an anomaly happening right now where US minted Pre-1933 MS 62 $20 gold Liberty's and Saints are selling for LESS than a gold eagle. This shouldnt be happening. One reason it is, is because Pre-1933 US gold cant be held in an IRA but the bullion Gold Eagles can be. Any time you can get pre-1933 US gold near the same price as a gold eagle I'll take the graded pre-1933s every time. You might want to check out some of my videos because I did a few on this topic several years back. I need to do updates of those video as Ive acquired more and changed some views since doing the originals in 2019-2020.

I just subscribed to your channel! :) This is all great information. Thank you!

.......

I was thinking about the Federal Reserve and that I must gain a better understanding of its structure and inner workings. Lyn Alden's video was very informative and I appreciate that direction. I see that Alden sees Bitcoin as a solution. I'm more pessimistic about government interventions constraining Bitcoin and any CBDCs. I don't like CBDCs, particularly retail CBDCs. I'll look at Lyn Alden's book! I think the economy would be in much worse present shape without the flexibility of printing currency and raising the debt ceiling, but I don't think that the ability to continue inflating currency and raising the debt ceiling is a long-term solution. These are excellent notes from you with value weighable in gold. :)

Check out the correlation between the gold price and global nominal GDP for the past 50 years.

@@cyclingphilosopher8798 i shall, many thanks for your suggestion.

Very helpful. Thank you!

This is a great and important tip! Thank you!

Thank you! :)

Thank you @michaellindquist1023! I have so much learning to do and appreciate your comments and knowledge!

Thank you @SilverStruck! You're channel and videos are in my family's top favorites!!!

Hi Cycling Philosopher! Yes, definitely Maslow's hierarchy. For me, it's books and now precious metals before new clothes. :) At one point, my husband wrote a program for me that applied all of my math and formulas to the entire stock market. It worked and I was able to give each stock my own valuation that played out very well. I'm no longer trusting my past education as it sits which is why I'm looking at the stock market so differently now. I've got several new books to read and rabbit holes to explore. Once I navigate this maze, I'm hoping to combine my old and new knowledge and thinking to be share worthy. At that point, I will re-look at the P/E ratios again hopefully with more enthusiasm. Otherwise, I'm currently leaning towards "If I don't hold it, it's not really mine."

@@LaurenTGage I wonder what specifically about your past eduction doesn't sit well with you and what happened that makes you look at the stock market differently. My guess would be you're not the only one with doubts. Beware that solely focussing on tangible assets basically is a 'fear only' play and, thereby, not diversified. This increases the risk you're taking financially.

That's a great question that I'm working to answer for myself. After our health shake-up (2021), the medical industry looked very different to me and began my questioning of my thoughts and beliefs on everything. Since 2020, the markets haven't followed as I would have expected. Currently, with interest rates rising, global uncertainties increasing, and a very unusual presidential election scenario approaching to put it mildly, I don't understand how the U.S. stock market continues to grow to what looks more and more overvalued to me. I promise I won't focus solely on tangible assets long-term and will be sure to balance the allocation. I have unfortunately (fortunately?) become more risk averse, but will use that to focus on understanding precious metals as a hedge, but not a total basket. You're comments are always appreciated and a voice of intelligent reason that I value highly.

Thank you @ApollosChariot7! I started by working on a comparison of prices among them all, but it was on a day where the silver prices were changing so much my numbers just kept changing! :)

Thank you! USA ❤️ AUS

Thank you and God bless!

I love that saying! I hope so too. My youngest (a teenager) was able to explain the difference between currency and money to me today!!!

Thank you! I'll look to add Golden State Mint to my next list! That makes great sense to me about the trust with more and more economic issues every day. Money Metals Exchange's website offered some interesting storage ideas. Here was the link to that page if it posts: www.moneymetals.com/silver-gold-storage

Hi @michaellindquist1023! I will do that for sure. 20x! That valuation is amazing.

Thank you! Agradeço seu comentário. Espero que este tradutor funcione. Deus abençoe você também!

Keep stacking!

I'm so glad to hear that and thank you!

Hi @ReserveStacker. That's a great idea. Thank you!

Thank you Amanda! Your suggestions are very appreciated and definitely a great list of things I can work on. This is a bigger challenge than I expected, but I'm learning more already than I ever would have imagined. I'm going to work on coffee with a friend...right now, I'm still afraid of the camera. ☺️❤️

​@@LaurenTGageone more! Always encourage viewers to "like, share, and subscribe". Oh, I've also seen KZfaqrs ask viewers a question, which prompts them to leave a comment. So, a question like: "what's your go-to meal to save money on your grocery bill?" Comments affect the algorithm, I guess.🇨🇦♥️

@@amandazplace5663 Thank you Amanda! This is such great advice and so thoughtful! I had lost the way to see my reply emails until today, so I'm just seeing your reply now. It's fun to be learning so much and meeting new friends. I think I'll feel like I'm having coffee with a friend too☺🇨🇦❤🇺🇸

Thank you!

Thank you! These are awesome ideas! I'm not at 500 yet, but at 330 (329 now) and I'm so happy because suggestions like yours are helping me know what to search for and study that I didn't even know existed, and I imagine there are a lot of people like me who want to learn but don't know where to start. This is such a great list of ideas you've given me! Thank you @ApollosChariot7! :)

@LaurenTGage Excellent! I'm glad I can help! Once you find your favorite solid investments you trust and believe in, Perhaps you can revolve your channel primarily on those investments in the future. One of the best sights I use for the latest topics for investments is Google News Feed. The algorithm will learn your searches and topics you like to look up, and it will find the best news latest topics, advice, and new investment ideas and opportunities.

That's great advice! I'm definitely working to find my way. I have a lot of interests, but I can already see some certain ones bubbling to the top of my list. I'll check out Google News Feed too. I haven't gone there yet! 😀

Thank you!

Thank you Cycling Philosopher! The most famous school kid question. :) I see nowadays many kids can't do math in their heads, count back change, recognize basic coin denominations, or even tell time on an analogue clock. I didn't learn as much as I could or should have either, and wish I could read and understand faster now. Information is more easily and globally available than ever. It can be overwhelming and intimidating, but it's the journey not the destination here. :)

You can say that for sure!😂🇺🇸 Thank you!

Hi @doctork1708. Sometimes group think is unavoidable when the goal is so similar. These ideas might not be new to someone who is already frugal. I've spent my lifetime being frugal growing up with a single mom. Please check out my newest video called "Hidden benefits of being frugal" and let me know if any of those are new to you. :)

Yes. It was my first trip to a local coin shop, just learned the "lcs" abbreviation too! I had bought my first 5 oz bar online just a bit before that. Everything is new to me here. I had no idea about any of this. Every single fact and term is 100% new to me.

Thank you for your understanding and kind words! The precious metals information is 100% new to me. At one point, I think I confused the gold and silver coins too. Originally, I had no idea there were so many different types of each metal, and then I learned that there is a good amount of overlap in types of silver and gold coins. That's when I think the editing got very confusing. I'm not a good writer! You have a great and valuable skill. I wish I could say more time would have helped me to do better, but I think I got to a point where there was no way I was going to see my own errors. I felt bad about the mistakes, but I'm learning...

Thank you! I appreciate your comment very much and you are right. I made a few errors in this video, so I'm really appreciating the comments pointing out the errors. So far, there are 3 total. If there are too many more, I'll redo the video. My learning curve is great right now, but I'm going to keep going! :)

Thank you Amanda! I still remember how hard the once a month trip was. 2x a month is excellent and what we more so follow now. That way, we alternate items to stock up on and seem to catch more of the sales on staple items. My kids were so little when we were extremely budget strict. I'll never forget those days. Some of the hardest and best days of my life.☺️❤️ I'm working to keep get that strict again to rebuild. We can do it!

@@LaurenTGage me, too! The kids are adults & slowly moving out so I have more control again over some of the moving parts.

Thank you @SilverStruck! 312! My family was watching a bunch of your videos this week and really enjoyed learning so much from you. We're just starting out and it's mostly me and my youngest learning together. Your videos are so well-made and informative. Thank you for your comment and encouragement. Both are greatly appreciated!

I think the American Eagles and Maples were the first coins I heard of. I had no idea there were so many different types including coins, bars, poured, etc... I'm glad you buy what you like. I think it helps make saving money and investing more enjoyable and long lasting. I had no idea about this world of coins and numismatics until very recently. It's amazing. Thank you very much for commenting.

That's what I like to hear and a great 90% quarter. :)

Hi @cyclingphilosopher8798. Thank you for your great comment. At the end of most people's lives though, if they had bought a home, they would have some forced savings that otherwise might not be there even though a home is both an asset and a liability. Renting often has some similar maintenance costs as well. When we were traveling, we were responsible for lawn care, snow removal, carpet cleaning, bathroom re-grouting, light bulbs, general maintenance, very expensive pet fees, etc. These costs were additional, required to rent, and not taken care of by the various leasing companies. Sometimes renting might be the best choice, and that would possibly be when someone is needing to move within a short period of time. Sometimes even in that situation, keeping a home and renting it out (if possible) could still be a best financial decision as a hedge. I've learned of many people who sold their home to travel or move, and then prices or interest rates went up, and they were then priced out or left without a real estate hedged investment. If you run the interest payments, principal, and all unrecoverable costs for renting vs. buying, considering over an entire 30 years, the monthly outflow might be 4%+ less renting vs. buying, but unless it's a significant amount that is invested well with good results vs. spent, it may or may not be equivalent to the equity plus inflation adjusted price of the real property owned over time. It's my perspective that at the end of 30 years, you either have a paid off house worth something, or just more rent payments and still maintenance responsibilities and costs to look forward to. With renting, there will always be a rent payment and I haven't seen rent prices go down. When owning a home, you can someday eliminate the principal and interest portion of a monthly living expense, and I think that net will be a lower monthly expense than future rental fees because these total rental fees will have to include and pass down increased taxes, insurance, maintenance, etc. which may erode any real savings from renting in the long run. Even if taxes are very high, having a property to sell in order to move to a less expensive area could also be beneficial. From an emotional perspective, while traveling, we had to rent several different types of residences and living in the rentals had a very different feeling for me from being in my own home that I didn't enjoy, so that's an important non-financial reason for me to prefer home ownership. For my family, I'm strongly recommending my children work to be homeowners, investors, savers, and business owners. It's still my preference for them.