hey everyone welcome to bald guy money I am bald guy and in this video we are talking about how much gold and silver you need for both a basic retirement and for a comfortable retirement in the following countries the USA Canada Australia the UK and Germany but no matter where you're from I am 100 certain you will find this video useful because I have collected data to show different retirement scenarios considering retirement age life expectancy current cost to retire and average pension benefits for these


countries to show what Financial gaps a person needs to consider when retiring and how much gold and silver is needed to fund those gaps at 100 funding 50 funding 25 percent funding and 10 percent funding depending on different Financial situations and portfolio management approaches because I appreciate that many of you out there also have real estate 401ks rrsps and other saving mechanisms that make up your retirement fund and I want to make sure that everyone finds something for themselves in this video


just before we get started I'd kindly ask you to leave a like at this moment if you think content like this is important and you would like YouTube to know that you think more people should see this video thank you very much for your support So before I pull up the data there are a couple of things I need to establish with respect to methodology the first one is that in order for this to work you need to own your home at the time of retirement as I have factored in Home Maintenance insurance and property


taxes into the equation not rent the second point is that I have assumed the age of retirement to be 64 years old with an average life expectancy of 79 years so money to cover you for 15 years of retirement if you want to retire earlier or plan to live much longer I kindly suggest you take that into consideration while viewing this video the next point is that this data is based on National averages so if you're British living in a posh part of London or American living in downtown Manhattan


you should factor in a little more to cover your retirement in those places number four the amounts in my calculations are split as per the value of the dollar today with 80 percent of the money in gold and 20 percent of the money you'll need in silver I have balanced it that way because we are talking about retirement and although I agree silver has more upside potential than gold I've said it many times on the channel I do not play with my retirement gold has been a sure thing since Nixon


took the US dollar off the gold standard and I think everyone should plan their retirement accordingly finally all numbers reflect Market close for May 12 2023 as the price of silver and gold fluctuates these numbers May slightly change but over long periods which retirement planning should cover you will find that these numbers will stand the test of time just as the value of gold has with potentially a little upside built in on the price of silver should we see the price run up as many of us expect it to and for anyone who


wants to play with the timelines gold to Silver ratio and amounts we're talking about I will be making this retirement planning tool available on patreon later this week link to join is in the description and the pinned comment so now that we've established some of the major background assumptions it's time to look at the cold hard figures and what I want you to notice first is that the cost of even a basic retirement ranges from 367 thousand dollars in the UK where social assistance covers some


of your costs all the way up to 508 000 in the USA where social assistance isn't as comprehensive when looking at a more comfortable level of retirement those numbers balloon about 40 percent and that's according to chicago-based net credit link to all my data sources in the description as always and what their figures tell us is that a comfortable retirement can cost up to forty six thousand eight hundred dollars per year as in the example of the United States but knowing how much retirement will


cost although important is not the most important piece of data here because what I've done here is I've compiled government pension data for Americans that will be social security for Canadians I factored in both what's called OAS and CPP payments and I've done that for every country you see listed here and I've done that to identify the gap between what your pension payments will cover and what you will need to personally cover to retire and as you can clearly see here those


figures are significant and let it be said your respective governments are not going to take care of you at the level you might expect them to so let this be a wake-up call to anyone who thought different because to have even a basic retirement you are going to need anywhere from 150 000 to 200 000 of personal funding over that 15-year period And if you're used to eating steaks and playing the occasional round of golf you're looking at Double that from three hundred thousand dollars to four hundred thousand dollars over the


period of your retirement and considering recent inflation levels which I have said will not settle down for some time to come each and every one of you need to understand that saving that in cash is not going to help you and this is where I come in because no matter whether you want to fully fund your retirement with metals are only partially I have the numbers to show you how much gold and silver you're going to need to do that so let's start with the basic retirement numbers and here they


are and please note right from the start all numbers here are shown in troy ounces and just as a reminder this is assuming an 80 gold and 20 silver split based on the current spot price because again if you've seen my gold performance videos you'll understand that it is a sure bet and when it comes to retirement you want to be as sure as you can be so let's dig into this quickly and I'll run through the US numbers because most of my viewers are us-based if you want to fully fund a basic retirement with


metals and slowly sell them off over time to fund your lifestyle you need 81 ounces of gold and 1 1617 ounces of silver if you have a 401k or some other savings or income and only need to fund 25 percent of your retirement with medals you can see that number Falls to 20 ounces of gold and 404 ounces of silver an amount that is a little lower than what I said you'd need to get a house in the next Real Estate crash and if you have a very Diversified portfolio and only plan on funding 10 percent of your retirement with metals


and as a side note this is probably where I am going to be but a bit higher level considering my current standard of living well you'll need eight ounces of gold and 162 ounces of silver which is very close to the minimum amount of gold and silver I have said people should own now moving on to funding a comfortable retirement and as you can already see we're talking about a serious amount of metals here because to fully fund a comfortable retirement in the United States you will need 158 ounces of gold


and 3162 ounces of silver you can see the figures for the other levels so I won't read them all off to you but I will skip to 10 retirement funding with medals to say this in our stacking Journeys I've seen two things to be very important the first is having a regular purchasing schedule to ensure you remain focused on protecting your savings over a long period of time not just buying Metals when prices run up and there is hype around buying silver and gold the second point is having a goal to work towards


so let this video be a guide for many of you especially new stackers who don't have a goal yet and I challenge you to take the 10-year 10 challenge unlike silly Instagram and Tick Tock challenges this one is to challenge you to take your stacking and your retirement seriously and all you need to do to participate is for those of you looking to fund a basic retirement buy just a quarter ounce of gold every three months or one ounce of gold per year whichever option you prefer and buy four ounces of


silver every three months for those of you who are planning for a more comfortable retirement buying either a half ounce of gold every three months or one ounce of gold every six months will cover you for gold as well as buying eight ounces of silver every three months get on a schedule now because if you do that for 10 years as you can see in the data here you will have more than 10 percent of your retirement funded at the end of the road and if you accept this challenge please let me know so in


the comments or if you don't want to do that just leave some feedback on what you thought about this video and my approach to buying silver and gold in preparation for retirement I'm sorry to say that there won't be any viewer question for this video this week I am a little bit under the weather so please forgive me don't let that stop you though from leaving your questions in the comments section below I read all of the questions and I will be getting back to answering those questions from


the video that I'll be doing next week so you never know your question may just appear in the next video and before I finish please don't forget if you want to get access to the retirement calculator which you will be able to personalize with your own data join my patreon today the calculator is coming out later this week but by joining now you also get access to my purchase tracker which tracks metal purchases in US dollars in Canadian dollars in euros in Aussie dollars and more you also get


my tool to help you time your silver purchases better you get my newsletter as well as 22 to exclusive videos on different topics that I am sure you will enjoy if you are a fan of this channel with that said I wish you all a wonderful day ahead take care of yourselves and take care of each other until next time goodbye