hello everyone and welcome to bald guy money in a recent video I showed you all this table and it was intended to illustrate the fact that Americans do not save enough money and that they're pretty much unprepared for simple emergencies and what I also said in that video is that although it's easy to pick on Americans and people on the media and in YouTube regularly do the rest of the world is broke too case in point half of Brits have less than one thousand pounds in savings and 51 percent of Brits would


not be able to live off their savings for more than one month what's more is that people on the mainland in Europe aren't doing very well either after a prolonged economic boom in Poland where they've had a 4X in their GDP over the last 25 years they've had low unemployment they've had Rising wages 43 percent of polls today say they don't have any savings at all it's shocking now all of this matters for multiple reasons and it could end up impacting Bank deposits the stock market and the


prices of gold and silver and as we get into how we start with the United States where credit card debt delinquency is on the rise in fact we've just hit the highest rate of delinquency in more than 10 years people are struggling to pay back their debts and with student loan payments set to resume from October this year so not long from now we could see this number Skyrocket leaving Banks holding a good chunk of a one trillion dollar bag of debt not to mention the additional 129 billion dollars they hold in private


student loan debt that will at least in part never be repaid now if we take a peek at the UK we also see that defaults on loans are on the rise and the truth is in an environment where both inflation and Rising interest rates have squeezed consumers tighter than ever it's no surprise that this is happening in many countries around the world and from where I'm sitting there are two ways this ends and neither scenario is pretty the first one is in a government bailout likely accompanied by


the printing of massive amounts of money which as we all know will negatively impact the value of our cash savings the second scenario and less likely scenario is a bailout by depositors commonly known as a bail in in this scenario it is not the government that rescues the banks but the people who have money deposited in the banks since ultimately it's depositor money that was given out to make these bad loans now to the untrained eye these scenarios may look radically different but at the end of the day it's you the taxpayer who


is also most likely a bank depositor that will fit the bill so when the House of Cards comes tumbling down it will affect you in one way or another but as I mentioned in that video owning physical gold and silver is one fantastic way to reduce your exposure to these major risks and in this video we are going to compare the silver and gold security levels of specific states to those in different International countries and this will give you a clear idea in the case of a full on economic Financial


collapse what places might be suitable candidates to move to start over again now just before we get into it I want to remind you all that if you're in the USA and looking to pad your emergency stack your savings stack don't forget to check out pinbacks.com they have great prices and even better customer service you have absolutely nothing to lose by checking them out and right now you can get an American Silver Eagle coin at this amazing price I mean these things were selling for forty dollars not long


ago so that's pimbex.com you can reach out to them at the number on the screen or at their website and I will share the link to this great deal you see here in the video description okay so getting into it I recently showed you all how much a single person and a family of four need in my opinion as a bare minimum security stash to cover three months of expenses per U.S state and this is what I came up with and I think this is a reasonable level for those places as a start over fund and switching over to the second set of


States I want to present this hypothetical scenario you've saved up the right amount of gold and silver and things start to go south the dollar the Euro whatever currency it is you use isn't worth a damn anymore and nobody wants your house because people are leaving the country you're in they're leaving America for example because maybe things have gotten so bad that there's nothing left so where can you go with your emergency stash of gold and silver in the unlikely event that you need to start a new life


either for yourself or for your family in a new place and we will start by talking about Germany and how it compares to the United States today as it stands today for a single person in Germany the monthly cost of living is two thousand one hundred eight US dollars and for a family of four that number is five thousand one hundred thirty two dollars now since a solid emergency fund contains three months the cost of living for a single person in Germany their emergency fund should be around six thousand three hundred twenty four


dollars and for a family of four that should go up to fifteen thousand three hundred ninety six dollars and if we use my tool to break that down into an 80 20 Metals portfolio where 80 of the value is in gold and 20 percent is in silver you can see here that the emergency stash a single person needs in Germany is about two and a half ounces of gold and 54 ounces of Silver versus a family of four which needs six and a half ounces of gold and 133 ounces of silver and that is much lower than what you


need in the US versus any state so if you're a German for example fleeing to the United States because of Weimar style inflation and economic collapse your metal savings will take you the furthest in Kansas Mississippi and Missouri which are the three states that have the lowest cost of living on the flip side of that coin it says if that you're an American looking to take your emergency stash to Germany No Matter What state you're from you'll be able to start over again no problem


now it may or may not come as a surprise to you that this is a trend that holds true for all the other countries that I analyzed so instead of boring you going country by country we can see them all right here in one place also versus the average of the United States and they include Canada Germany of course Australia the United Kingdom and even India where the cost of living is considerably lower than the rest of the countries and although I didn't dig as deep for the other countries as I did for the USA


meaning that I didn't split it geographically by for example Australian state or Canadian province this should act as a guide again to educate you on the cost of living in other countries today and possibly help you prepare for the unlikely scenario that you have to leave your home for whatever reason it may be War economic collapse whatever so please screenshot this just as I ask you all to screenshot the data for U.S states because by having this knowledge you will have a better idea of what your


options are or what you may have to save still to reach a higher level needed for a country that would be your first option like if you're a Brit for example thinking about escaping to Australia or Canada one day so I hope you found that bit of information useful or in the very least interesting but now it's time to move on to our viewer question for this video and remember you can submit your question in the comments section below I pick one question for every video I do to be answered and maybe yours will be


next so drop your questions in the comments section if you have any and this video's question comes from Mark patzner and Mark asked in the comments section of my last video where I showed you all how much gold and silver millionaires have do Millionaires and billionaires he asks hold real gold and silver and how I interpreted this was do they buy the physical stuff or paper derivatives and the answer to that question is although some may have paper derivatives or even shorts as a hedge on a large


physical stash of metals that they own the wealthy definitely buy the physical stuff and here is an amazing story from 2018 about Egyptian billionaire naguib sawyeris who put half of his net worth into gold expecting financial and economic turbulence in the market and he said he expected gold to be 1 800 per ounce and what can I say about this guy other than that he nailed it and considering how the price of gold when measured in Egyptian pounds has nearly tripled since 2018 as the Egyptian pound


has been struggling lately and has lost a lot of its value I'd say this is yet another amazing case in point to support the argument that I've been making a lot recently that it makes sense to keep at least some of your net worth in gold and silver so Mark I hope that answers your question thank you so much for leaving it and to everybody else thank you so much for watching please if you enjoyed the content leave a like share this video with a friend if you think they need to see it and until next time


everybody take care of yourselves and take care of each other goodbye