Most people are interested in collecting gold and silver, but how much bullion in reserve or how many ounces do we need to face financial crises if they occur?
What will you do with proceeds of your precious metals? Many of us want lower-priced investments. But the important thing in all of this is that you have enough ounces of metals to weather the financial turmoil.
A major financial, economic and monetary turmoil must be expected because the crisis lasts for a long time and is not easily resolved.
The volume of gold and silver that it is recommended to store for emergency depends on your monthly expenses and the duration of the crisis, you must take note that gold price keep running with inflation.
You must determine the amount of gold that you must own and calculate the amount of monthly expenses that will support
Your current living capacity with its expected duration. E.g. if expenses are up to $500 per month with three years of crisis, that would require about 14 ounces of gold to resist. Let's put together $3,000 in monthly expenses, that gives 56 ounces for a two-year crisis period, and 112 ounces if you hit four years.
As for how many ounces of silver you need, $500 a month is 300 ounces of silver for one year, and 1,500 ounces for five years. Keeping pace with inflation for the price of metals should not be forgotten.
If the expenditures are made in both metals, the sum of $1,000 per month gives nine ounces of gold and 600 ounces of silver for a two-year crisis.
It may seem to you that it is a lot of expenses, but saving gold and silver in this period avoids spending a lot of coins later.