3 votes

If I have around 600 ounces of silver at 27 so far, how much more will I need to retire?

I have around 600 ounces of silver and around 3 ounces of gold and I was wondering, being 27, how much more will I need (silver and gold) to retire. I buy around 16 ounces a paycheck every 2 weeks, and I want to get to the point where I don't have to work anymore as soon as I can.

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None of us will ever retire

just make sure whatever you have in silver is backed with the equal value of lead.

Those who expect to reap the blessings of freedom must. like men, undergo the fatigue of supporting it.-Thomas Paine

The R3volution requires action, not observation!!!!

"is backed with the equal value of lead."

LOL

Patriot Cell #345,168
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Those who make peaceful revolution impossible will make violent revolution, inevitable.

That depends on your definition of "retire."

First of all the math is easy. Just look at your desired level of living, how much that cost you now, convert that to Silver (now) and multiply it by how long you want to live past retirement.

Ideally you want to set up a "Trust" or an "investment package" that will generate "passive income" or "interest" so that you can live as long as possible (don't want to run out of money and be like, "Well, I guess I die now.").

Personally, I don't look at retirement in terms of money, I look at it in terms of personal productivity (for instance, I've spent the last year working and studying to grow food), land (and deed - could be a piece of paper, might be a gun), technology, fuel (see land and wood and all my hemp plants), and community (see friends and family). A restrained government might help.

Aside from that retirement is just keeping an eye on things and playing some music or doing some yoga.

Jack Wagner

Just keep stacking

Whatever you have, JPMorgan does not. It is better than saving cash, it just does not spend so readily. However, my father learned of the silver shortage in the late 1950's and stacked till he died, without ever seeing the market manipulation exposed. He did not die a pauper, but he was not rich, either.

Love or fear? Chose again with every breath.

1500 ounces is what you want

1500 ounces is what you want to try to get. some people laugh but silver will go over 1,000.00 per ounce. just keep buying.

That will last 2 years...

That will last 2 years...

Freedom in our lifetime! - fiol.us

What will you do when you don't have to work anymore?

Just Wondering?

hthomas

Wow. Are you single or

Wow. Are you single or something? That is quite a chunk of silver for 27.

Southern Agrarian

There is no specific amount...

you have no idea how much the price of food will change, how much energy will cost, etc... relative to silver at that time. The ratio of silver to food or energy could go up or down, it also depends upon the supply of food, energy and silver as well as any other item you may need to buy. So there is no specific amount, you ca estimate based upon how long you want to live, how much you need each day to live and the worst case scenario of silver to food, energy, etc... But the more the better, just be careful when you buy.

Gold and silver are nice to

Gold and silver are nice to have, and I do convert many of my dollars into gold and silver every month. However, I feel that owning fertile farmland with a water source would be the best investment, IMO (I think Jim Rogers shares the same opinion too).

That's my first plan of action.

I can't eat silver and food is going to be skyhigh. If I can produce my own food, I can get silver and whatever else I will need.

I plan on getting more silver but being able to be self sufficient comes first.

Patriot Cell #345,168
I don't respond to emails or pm's.
http://www.youtube.com/watch?NR=1&feature=endscreen&v=qo8CmO...
Those who make peaceful revolution impossible will make violent revolution, inevitable.

Jim Rogers worked for the Hunt Brothers in hte 1979 silve run.

He invests in farm land w/ water rights to be sure. He also knows about storing money in gold & silver. He is interested in a broad range of commodities.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

great suggestion

you cant eat gold or silver!

I eat eFoods http://dontstarve.mygofoods.com

silver

I would say 50,000 oz. would be a good goal as long as you have 400 oz of gold to go with that.

In Weimar Germany during

In Weimar Germany during hyperinflation, hotels were being purchased for about 20 ounces of silver. You could buy entire NEIGHBORHOODS of houses for a few hundred ounces.

http://www.dollarvigilante.com/blog/2012/4/11/getting-your-g...

http://www.goldsilvercentury.com/main/index.php?route=produc...

Don't think you'll need 50K ounces to get by.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

Yeah but ryno wants to live like a rockstar.

.

Patriot Cell #345,168
I don't respond to emails or pm's.
http://www.youtube.com/watch?NR=1&feature=endscreen&v=qo8CmO...
Those who make peaceful revolution impossible will make violent revolution, inevitable.

I am bumping your

thread just because it gave me a laugh, thanks.

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.

Buy a farm.

If you're serious about retiring in the horrendous future economy, you should consider buying land to become self-sufficient on instead of more metal.

SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States

No, he is doing the right thing.

I started buying farms at 25 but the problem is you will never sell the land. If I had invested in gold and silver I would not be so attached to the land and could reap the rewards of my investment plus have a great retirement. Instead, it will be passed on to the kids and grandchildren and I will continue farming until I pass. (working instead of retiring)

hthomas

egapele's picture

Obviously that depends on your lifestyle.

Do you have or plan to have children? If so, how many?

Are you married? If so, does your current wife have a job?

What kind of car do you drive? What size house would you like to live in?

Etc., etc.

Beef up your gold percentage.

Silver may grow faster than gold but gold has one huge advantage over silver: you can carry it. Your 600 ounces weighs 37lb 8.0oz. If it becomes necessary to flee for your life, how much silver do you suppose it would be wise to take with you?

New Hampshire and Ecuador.

nah...one day silver will be

nah...one day silver will be worth MORE than gold...and here's why...

http://www.dailypaul.com/254031/learn-the-truth-about-silver...

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

exactly.....

exactly.....

I'd recommend a goal of

I'd recommend a goal of 5000-10000+ oz. But that's only a start...you need to learn to become self sufficient, grow your own food, get rid of all the expensive luxuries, etc. Learn new skills as these skills are what you will need to rely on going forward. Get an entrepreneur mindset and GET RID OF the employee mindset.

Americans will soon be experiencing a paradigm shift, imo, in their standard of living. Those who can adapt will survive.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

We are already expierencing

We are already expierencing it. I feel a lot poorer than I was 4 years ago.

600 is a great start

Chris Duane figures that anywhere over 1000 oz will be generational wealth on the other side of the oncoming financial calamity. He's probably right about that. It may take less, but 1000 oz should give you comfortable living for the rest of your days IF you can get through to the other side without having to use them...

That would mean that

"on the other side" of the collapse the value of silver in real terms would be unlike any other historical period, including numerous wars and currency collapses, etc., throughout recorded history. Seems like a good reason to be skeptical.

what has been the historical

what has been the historical value of silver?

Precious metals are a store of value

You have maybe a year's worth of living expenses saved up in precious metals, and as a store of value the expectation should be that (very roughly) in ten or twenty or fifty years they'll still represent a year's worth of living expenses more or less. And the equivalent in FRNs most certainly will *not* represent anything close to a year's worth of living expenses, which is the point of buying precious metals.

Using the classic example, today your three gold pieces could buy three very nice suits of clothes, fifty years ago they would have bought you three very nice suits of clothes, and they'll probably buy three very nice suits of clothes in fifty years. That's what it means to be a "store of value."

If you want to retire young the most secure way is to work toward self-sufficiency. Own some good land, learn to feed your family as much as possible from it, and reduce your monetary expenses to the bare minimum. Stock up on ammo and other things that you can buy far in advance. Have a skill that people are likely to be willing to pay or barter for, so you can have more control over when you have to sell assets and more easily ride out any rough spots. Of course that's a kind of retirement that involves working to feed your family, since the food doesn't just pop up out of the ground on its own, but it's a life you can have some control over. Raise chickens, maybe goats, have a large vegetable garden, etc.

If the idea is that you're going to have enough silver at some point to live a life of leisure, you've got a very long way to go.

agree....store your wealth in

agree....store your wealth in gold/silver. The only way to truly be FREE is to live a minimalist lifestyle and be able to provide for yourself...grow your own food, etc. Learn skills that others need.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul