hey everyone welcome to bald guy money as we're in the month of October with Halloween right around the corner I want to start this video out with a very frightening fact and that fact is that 75% of Americans aged 50 and up are worried that Social Security will run out of money in their lifetimes leaving them to fend for themselves and forcing many to work until they die and when we dig a bit deeper we can see that those fears in increase in the two largest groups of working adults with 77% of


Millennials thinking Social Security will go bust in their lifetime and a whopping 83% of gen xers thinking the exact same thing and this isn't an issue that's exclusively American it's a problem all around the globe a problem that we saw push the UK pension fund to near collapse just last year so people all around the world are starting to wake up to this and are realizing the importance of taking their retirement into their own hands to be ready for the likely scenario that you me and everybody else


who's paid into a national pension plan will get to the end of the rainbow only to find that the pot of gold has been spent now are these fears unfounded am I just another paranoid YouTuber who is feeding off of fear for clicks and Views well consider this the Social Security and Medicare Boards of Trustees already admitted Social Security payments in the USA will have to be reduced by about 20% in 2034 if us lawmakers don't act to address a funding shortfall so forget about cost of living adjustments or


counting on the current coverage standard which only just helps people survive from month to month they are admitting today that they are running out of of money and although 2034 sounds like it's a long way away it's only 11 years from now and at the rate the US government is spending money today it's only a matter of time until 2034 becomes 2033 or 2032 or until we find out in just a few years from now just as they found out in the UK that the system is surprisingly on the verge of collapse so


the question is what can we do about this how can plan for a future without Social Security or our respective National pension plans well that's the topic of today's video because this Channel's purpose isn't to make you feel bad it's to educate you and prepare you and in this video I want to cover how much money I think a person should allocate to medals based on income bracket as well as how I would split my gold and silver purchases based on the budget for each income bracket that I


show in this video now just before we dive in I want to remind you all if you're looking for gold and silver at a great price from a reputable dealer in the United States please don't forget to check out pin.com you have absolutely nothing to lose by checking out how their prices compare to your favorite site and I am sure you will be surprised at just how low their prices can be and if you're looking to add the first piece of gold to your stack check out this half ounce Eagle they're offering right


now for about $1,000 this is a great way to add a little American Gold to the stack if you're on a budget at only 9% above spot which is way less than what these were going for just a few months ago so that's pin.com you can reach them at the number on the screen and I will share the link to this great deal in the video description just please let them know you came from bald guy money because their support has been key in allowing me to consistently upload a new video each weekend and by letting them know


that will keep our cooperation on track as well as these videos being uploaded regularly okay so getting into the main topic for this video I think it's safe to say that most of us have our doubts about our national pension and Retirement Systems being able to take care of us over the long run and I suppose most of you also think that having physical silver and gold is a solid backbone to a retirement plan because if the pension system fails that probably also spells Doom in the form of hyperinflation for the currency you're


using I mean that little bit only makes sense so to start these are the annual income brackets we're going to look at these are net annual income brackets so what people are taking home on an annual basis and I've done my best to try to cover the full range of income l levels to make this video as useful as possible because I know from my own experience that life will often take you to different levels of income and it's important to adapt as your income grows or shrinks depending on your


circumstances now based on these income levels you can see here exactly how much I think a person should be saving or investing as a percentage of that income and I understand it can be hard especially at the lower end of the income scale I've been there I I'm not speaking from a position of ignorance and I also understand just how badly inflation is eating into disposable income but there will come a day when you can't work anymore and this will possibly be all you have to rely on so


it's important to entertain ideas like this instead of just dismissing them okay now that I've said that and now that we have an idea of how much in Fiat dollar terms we should be allocating to savings and Investments each year now it's time to see how much again split by income level of the savings should be allocated to metals and here is the data with the First Column showing income level then you have the annual savings level from the previous image so that's in dollar terms of how much you should


try to save or invest of your annual income and in the third column you can see as a percentage how much I think of that savings should be allocated to gold and silver with a total annual Gold and Silver Budget then shown in the fourth column here and by the way let me know in the comments what you think of my Approach as we continue I'd love to hear the opinion of the community on this one but moving on now that we have our Fiat dollar figure for allocation two medals determined it's time to split it between


silver and gold and I understand this is always going to be a bit controversial so again I am open to discussion in the comments section but as you digest this information I want to make a couple important points the first one being that according to my Approach the more money you make the more you should allocate to Gold the reason is and I've mentioned this in other videos is because gold is less volatile than silver and yes I think silver has great upside potential and will protect you in


an allout economic disaster that disaster likely being hyperinflation but as you enter higher income levels you will begin to appreciate the relative stability of gold versus silver especially in situations where the catastrophe that many expect to happen hasn't happened yet and let's all look at the facts with a sober mind please it hasn't happened and may not happen for another 20 years and I'm talking about the collapse of the current Financial system Sy and you will appreciate the


stability of gold if you need to trade your medals for currency to cover an emergency expense within the framework of the current Financial system the second point is although the amounts at lower income levels may seem small or insignificant to some of you I can say with absolute certainty that following a plan like this will get you on the right path and in the right mindset for when the day comes that you move on to a higher income level and even if that day doesn't come there is nothing to be


ashamed of because it is very plausible looking at how things are developing with currencies around the world today especially the US dollar that you will be better protected than most and better positioned to benefit from A Rush of people moving into Metals much like we're seeing in countries like China and Japan right now and please always remember Rome wasn't built in a day if you can stick to a plan like the one I'm presenting here this is where you can get your stack more or less after 10


years maybe shave off a little bit to to account for premiums but still this allows each and every one of you to remain within your means stacking in a sensible and responsible way so you have a financial umbrella when it starts to rain much in the same way it has for retirees in Turkey so that's some food for thought on buying metals on a budget I even brought a little bit of fractional gold with me for this video today just to let you all know even though I'm a stacker who usually buys


full ounces and I have a pretty solid budget to allocate to Metals I still buy fractional metals and it's something that I really like especially considering the fact that I like to have a little bit of flexibility in my stack should I want to liquidate just a little bit in order to get get some cash back in case I need to to spend some currency to cover an emergency or even take advantage of an opportunity somewhere else on the market and now it's time for this video's viewer question and


remember you can submit your questions in the comments section below I pick one to appear in every video yours may be the next one and this question comes from good to go ski I like that I like that name good to GOI and this person asks I assume it's a guy good to GOI that sounds like a guy's name uh based on freedom index cost of living in USD terms ease of getting a passport what are the top five countries to run to in case of collapse or emergency and I like this question because I'm a world traveler and this is


especially important for my younger viewers in today's world you need to be open to moving and traveling if you really want to succeed and stay ahead of the curve and just like American Author Horus grey once said go west young man you might change that up today by saying go east young man or go south young man because there are opportunities in many corners of the world for people who have the courage to go there but when it comes to the question from good to goosi considering the fact that war can break


out anywhere at any time I want to give a list of what I think are the best countries to go to from each continent based on those factors and here's the list with Canada despite all of its faults topping the list in North America the reasons are I mean it's large sparsely populated has a lot of natural resources and could make a great home once Justin Trudeau is tossed out of office yes I'm getting a little political in this video I don't like that guy in Europe I have a soft spot


for Poland its economy is growing it still has a low cost of living it has has a very skilled and hardworking labor force and a government despite many faults and many things I don't like that has at least defended the Integrity of the country's borders better than other European countries have moving on to Asia I think Thailand with its low cost of living and increasing ease of moving there is a great option to have in mind plus they have amazing food in the Middle East part of Asia despite its


High Cost of Living the UAE is a great destination because of the high level of economic freedom you can enjoy in the country and ease of immigration to the country if you're a skilled person for South America of course safety and Corruption have to be top of mind you you want a country that's safer and and has lower amounts of corruption versus the other countries there and I think Chile is the standout country there more so than Uruguay even because of its wealth in natural resources and natural


resource wealth as in the case of Canada means guaranteed economic activity finally I added Australia to the list this is another country that has been able to manage immigration relatively well although I am sure there are always things that can be improved the country is relatively safe uh it has high levels of Freedom again it's wealthy especially because it has a lot of natural resources and it's a better place to make a home than most other countries on the planet despite the fact that I know


some of my Australian viewers are going to complain a bit about being on Australia but listen things are not that bad in Australia it's a very good country full of great people so good to GOI I hope that answers your question although I do understand the approach might have been a little less scientific than what you were expecting I hope it gives you a good idea of what countries I think are good candidates to set up a new life in should you either want to or need to and that's it for this video I


want to thank you all for watching thank you very much if you liked it please leave a like and if you think other people need to see this content don't be shy share this please with other people to get this message out there just a quick message for my patreon members today at 12:00 noon Eastern Standard time we will be having a live video and voice chat on the Discord if you still have haven't joined the Discord please do that and if you're not sure how I have posted in uh instructions on the


patreon on how to do that just search for uh Discord and you'll find full instructions there and if you still want to participate in that conversation if you're coming out of the uh of the Premier chat or something like that please feel free to join I'm going to leave the link to join in the description as well as the pin comment the more the merrier on the patreon so until I see you all next next time take care of yourselves and take care of each other goodbye