Will Rising Unemployment Bring Gold & Silver Down? This Is What The Data Says!

Join the Bald Guy Money Patreon Community for great additional content:
www.patreon.com/user?u=85209064
In this video cover:
- How unemployment & job opening data has developed in 4 key countries since last talking about it in December 2023 (USA, UK, Canada, and Australia).
- I take you through Gold & Silver price performance during periods of rising unemployment to show you if prices go down or up as the economy slows down.
- I cover the main reasons why this rising unemployment environment is different that past environments and what the means for Gold & Silver prices.
- I answer a viewer question on the topic of mining stocks and where I see them going over the next few years.
Be sure to watch to the very end because it is full of useful information.
None of this advice - I am not a financial advisor - this is educational material!
Links to Sources:
US Unemployment Rate Data
fred.stlouisfed.org/series/UN...
US Unemployment Rate Chart
tradingeconomics.com/united-s...
US Job Opening Data Chart
tradingeconomics.com/united-s...
UK Unemployment Rate Chart
tradingeconomics.com/united-k...
UK Job Opening Data Chart
tradingeconomics.com/united-k...
Australia Unemployment Rate Chart
tradingeconomics.com/australi...
Australia Job Opening Data Chart
tradingeconomics.com/australi...
Canada Unemployment Rate Chart
tradingeconomics.com/canada/u...
Canada Job Opening Data Chart
tradingeconomics.com/canada/j...
Silver Price Chart
www.tradingview.com/symbols/X...
Gold Price Chart
www.tradingview.com/symbols/X...
GDX Price Chart
www.tradingview.com/symbols/A...
Newmont Price Chart
www.tradingview.com/symbols/N...
Article With Silver Demand Chart
www.thearmchairtrader.com/sil...
#silver #silverprice #gold

[@baldguymoney5568]

Join the “Bald Guy Money” Patreon Community for great additional content: www.patreon.com/user?u=85209064 It's only $14.99 a month (10% discount for full year subscribers)!

[@DonAndang]

*Delaware 1787 *The first state *Caesar rodney *1999 E pluribus unum - *United State of America *In god we trust *Liberty *Quarter dollar I have this coin help me where i sell it

[@maxcactus7]

CONGRATULATIONS on going full time on KZbin, BaldGuy! We're extremely fortunate to have you and looking forward to the ever increasing growth and success of your channel! 🎉🎉

[@baldguymoney5568]

I am very fortunate to be in a position to do what I want to do! Thank you for your support. Have a great day.

[@ody9931]

As we go into this nasty recession its going to hurt... I moved 40% of my portfolio into metals. The one guarantee in life is that the government will destroy your spending power

[@edb3877]

If only the US Gov was as interested in their productive citizens as they are in their non-productive citizens. 😕

[@randywhelchel4674]

You move it to PMs and it’s stored securely where YOU only can get it.. NOT say the Gov or a fund if they feel they need it more then you do ?

[@hugohabicht9957]

True if you can . However many May need to sell to make ends meet

[@randywhelchel4674]

@@hugohabicht9957 like eating your seed corn :-(

[@georgehorner1578]

amen

[@888strummer]

Gold and silver ALWAYS go up during a recession in America. People need to remember that gold and silver are at their best when the US economy and the US dollar are at their worst. One reason for this is that the Federal Reserve always begins lowering interest during a recession to stimulate the economy and this will always weaken the US dollar and send gold and silver higher. And there are other reasons why gold and silver always rise during a US recession. Remember also that the price is driven by the billion dollar hedge funds and money managers and by central banks; not by the small investors like me and others here

[@edb3877]

It's also interesting that in a recession, gold and silver fall at the start of the recession and then come back even stronger as the recession proceeds. People sell their gold and silver mutual funds and ETFs to cover other losses, which floods the market with "paper" metals, resulting in a reduced price for the metals. But this is temporary and a great time to be buying more PMs.

[@ronwinkles2601]

Very true indeed!

[@10tourch]

There is always a major crash in precious metals before it starts to rise about a year into the recession. When the yield curve inverts and the market tanks that’s when metals will dip hard. That’s when you buy

[@888strummer]

@@10tourch I wouldn't over think this. I would just be buying now and holding. I'm a dealer for 25+ years and no 2 patterns are ever the exact same. We've had an inverted yield curve for at least 18 months and yet no recession, which goes against old patterns. Usually within 6 months of an inverted yield curve, we enter recession. And always within a year, but here we are at least 18 months or more with an iverted yield curve and stil no recession. I think June was the final dip down for gold and silver and both rise every week for many weeks in July and August.

[@hugohabicht9957]

@@edb3877agree

[@tonyt.5316]

Bald guy, your videos are still at the very top when I open KZbin. 🏆

[@baldguymoney5568]

Cheers!

[@TheQuickSilver101]

Moving and going full time KZbin at the same time is quite an accomplishment. Congratulations, Bald Guy!

[@baldguymoney5568]

Thanks! It's more of retiring from my job to spend my time the way I want to than anything else. Wishing you a great day ahead.

[@edb3877]

@@baldguymoney5568 Doing what we want when we want is the very best way to enjoy our liberty. 👍

[@mdavid2100]

Congratulations on being full-time on KZbin. You've done a great job with your reports. Thank you for all the hard work and great analysis.

[@baldguymoney5568]

Thank you very much!

[@Mrjones1905]

Your honesty has been rewarded, grateful for your wisdom. TYVM Sir

[@concurringlion3643]

Good for you BGM, I can't wait to find out where you're going!

[@nevillokapi3617]

Congratulations..keep up the great work you do

[@mikef4071]

Great job, as always.

[@Glorious_God]

Happy to see your channel grow, being here since day 1 always believed in your potential! One small request to have a video discussing real estate versus gold performance especially in crisis

[@sarge27271]

Let the prices come down!! I'd LOVE to save some fiat on my next haul ;-)

[@SupplementalDinner-zs4np]

Succinct and to the point, as usual. I can just imagine the prep that goes into each video. Thank you sir.

[@baldguymoney5568]

There is definitely prep because I need to stay focused on the topic while minimizing digressions. Thank you so much for watching.

[@nrwalsh]

Congratulations on making the leap🎉. I appreciate the quality content!

[@baldguymoney5568]

Thank you so much.

[@micll3229]

Congrats! Keep up the good work

[@yalcinceylanoglu4482]

Thank you for your info❤❤❤

[@Chisca22]

The people who haves manipulated the PM market are losing control. Expect a big $Gold and $Silver run up 🚀

[@matthewmushlin13]

Just wanna say, I love your presentations and the style in which you do them! Stay well!

[@baldguymoney5568]

Thank you.

[@attila2a746]

Thank you Bald Guy ! Always appreciate the charts

[@baldguymoney5568]

Thanks man! Hope you are well!

[@jimpalsson4147]

Safe travels, Bald Guy. I hope everything goes well for you in your new residence.

[@sfaininja4224]

Congrats on the milestone!

[@baldguymoney5568]

Cheers!

[@dukenukemani07]

Hi Bald Guy. I think $60/ounce for silver by 2026 is a little overambitious, but I greatly appreciate the charts you laid out and I completely see your logic behind it. Keep up the good work! 👍

[@LAStreetPreacher]

In no way is $60 silver overly ambitious by 2026. We could hit that price by 2025.

[@dukenukemani07]

@@LAStreetPreacher Not impossible, but that would mean doubling spot price in less than a year... If that happens, then natural market forces will NOT be the driving factor, but a major global catastrophe. Be very careful what you wish for!

[@baldguymoney5568]

I appreciate that you think the price is ambitious. So many people think Silver is headed straight to $1000 - that’s just unrealistic.

[@dukenukemani07]

@@baldguymoney5568 Yes, those people should not be stacking... they belong in the stock market.

[@anna12144]

Another masterpiece, great insight.

[@baldguymoney5568]

Thank you.

[@tracyshannon1795]

What an absolutely exciting time for you! I think when you look back on life, you will have deeply fond memories of this exact time in your life. I also get the sense that you are, here and now, consciously aware of this being one of those watershed moments.

[@baldguymoney5568]

Thanks. Sometimes you have to bet on yourself.

[@mlangbert]

Great video. Congratulations on your new venture.

[@baldguymoney5568]

Thank you!

[@stephenhenderson4419]

I truly enjoy your precious metal / market perspective!

[@baldguymoney5568]

Thank you. I appreciate you watching and leaving comments. Wishing you a great day.

[@DavidG-qe7yn]

Thanks BGM!😎

[@ltcrmarsh]

Congratulations and safe travels!

[@vincemurry4201]

Sir, I also wanted to tell you, when I watched you before ,and you were speaking on how much each household should have of silver and gold. I was shocked ,I set the bar too low for myself. I'm happy to say now as a bachelor I have more than the recommended amount of Gold. I LEARNED THIS FROM YOU. KNOWLEDGE IS POWER, SO IM HOOKING UP MY CABLES TO YOU, SO ROCK ON , HELL OF A POWER SOURCE.

[@vincemurry4201]

Always informative , I'm like a sponge, I absorb all your knowledge , thanks for sharing. WE ALL LOVE YA , BALD GUY.

[@baldguymoney5568]

Thank you so much Vince! Sending the love right back at you!

[@Eli-qr9hc]

Thanks BGM, I really like your focus on Precious Metals here, keep up the great work, take care!

[@baldguymoney5568]

Thanks Eli! All the best.

[@silverliner4894]

Congratulations on your new career and I wish you the best BG.

[@baldguymoney5568]

Thank you so much!!

[@user-ru9nl5wr7i]

I am looking forward to watching everyday! 👍🏽

[@baldguymoney5568]

Glad to hear it!

[@925inder2]

Great video BGM. Could not agree more.

[@user-pc4wb6md6p]

Thanks Bald Guy, always good to see u doing well,😊

[@baldguymoney5568]

Thank you!

[@kellerfamilyband]

Brilliant work

[@DanielMeininger]

Thank you sir.

[@unclejohnny863]

Thank you, you just confirmed the advice my relative gave me😊

[@unclejohnny863]

But I somehow trust yours more😊😊

[@baldguymoney5568]

That's awesome!

[@BA-lt2tx]

The reason why rising unemployment has no downside effect on the price of gold is that those who buy / own gold don't lose their job in a recession but to the contrary look forward to recessions to deploy cash and buy distressed assets on the cheap. We are talking about two different crowds.

[@amr8457]

I buy gold and I just lost my job.

[@edb3877]

Yes, we are, and a substantial portion of those who are retired and in good financial shape don't get impacted by a recession nearly as much as those in the financial middle class and lower folks. In fact, the most money in one's life can come from their investments in stocks bought on the cheap during a recession, held for 6-9 months, and then sold at substantially higher prices as the recession ends. Most of us are not cheering this on because we know how hard it makes life for some of our fellow citizens, but since these things happen anyway, with or without our approval, why not cash in on it? It's good to share some of this with those who have less than we do, so contributing to local charities helps to get people through the hard times in life and it feels good to do good.

[@amr8457]

@@edb3877 indeed, watching other suffer is not good for the soul. Helping others is good for the soul.

[@dajjalmohammadmulhidpeer5198]

Thanks a bunch, sir. You never miss out any detail. Neat. Also great pic of a great actor there. Clark Gable was the best actor of his times.

[@baldguymoney5568]

Hey!! You’re the first comment mentioning Mr. Clark Gable - the king of Hollywood!

[@allisonw9724]

Good stuff as always! Love to hear your thoughts on platinum as a metal investment. Also, side note, I have a company with a team of salesmen who all happen to be bald. I tell them their ability to make money selling is the reverse Sampson effect... Going bald unlocked their money making power!! 👍

[@baldguymoney5568]

Haha that’s a good one. On the topic of platinum, I have spoken about it a few times. I am a platinum bear. I think gold and silver will both outperform platinum over the long-term.

[@DieLuftwaffel]

Interesting choice of picture to keep above one's bed... Had to say that before even finishing the video lol.

[@baldguymoney5568]

I’m in a Hollywood themed hotel. It’s pretty cool.

[@silversleuth007]

I trust your opinions on numbers provided by various agencies, Bald Guy. I just don't trust the numbers or the sources that publish them. The only thing that doesn't change is change. Keep up your great work!

[@baldguymoney5568]

Of course! I agree with you. I will show the “real unemployment” data in a coming video to clarify that. Thanks for watching.

[@213thAIB]

Congratulations on the new venture!

[@danielmarshall2084]

Congratulations

[@thomascrompton7775]

We might ger one more dip. Then fed will start dropping rates and it will break out again.

[@hr8052]

Sound glitch during the intro 26 secs to 27 secs? Great video by the way!

[@baldguymoney5568]

You know - I heard that too - I don’t know what that was. I have a new mic and I love it. Hopefully it won’t do that again.

[@rickdoolin9109]

Congrats BG

[@joeyboedeker2047]

Hopefully it does come down, so those who are late to the game are able to start "stacking".

[@ynot552]

There is not a true best time to start stacking...just start and be consistent and hold for the long time frame. Not a short term activity, insurance that lets you feel a little more secure Good luck

[@thevanman4498]

Congrats BGM and to all us longtime holders if the $60 AG prediction even comes close!

[@christophermccormick8670]

Maximums Baldness! You never disappoint. We’re not worthy!!!

[@baldguymoney5568]

Hahaha thanks Chris! Hope you had a great weekend.

[@rickengman]

Great Video BG... as usual.... If you haven't Joined Patreon yet, you should. BG gives very detailed analysis on Stocks, Metals and Crypto. We also have some great group discussions on the Discord. My membership has paid for it's self 50x over with the timely Buy levels for both Metals and Mining Stocks.

[@baldguymoney5568]

You were one of the first and you are definitely one of the best brother!

[@viennaweiss8470]

Whomever it is that is manipulating the precious metals market can't do it forever, stay strong, hold on.

[@scottboyington9768]

They have been doing it for 75 years they will continue to do so.

[@HANZELVANDERLAAY]

I don't understand how they can do it around the world....like every country..responds to their control... interesting

[@scottboyington9768]

@@HANZELVANDERLAAY Metals will move up stay patient been stacking 35 years

[@edb3877]

@@HANZELVANDERLAAY No doubt that international bankers have a hand in this, making it worldwide and not a country by country thing. The BIS and IMF are in this up to their eyeballs with the chairmen of the individual central banks and treasury secretaries also involved. IMO, the world is slowly moving towards a one world government and it will be the bankers leading the charge. While there would be some benefits of this, the temptation that absolute control brings would corrupt it and make it a financial tyranny like no other.

[@adamgarthwaite5764]

Class content

[@baldguymoney5568]

Thank you!

[@stevenpalamarchuk3302]

I always take time to listen to what you have to say you were always very poignant to the ideas that you show and you have data to back it up. Thank you for your insight. I always appreciate what you have to say. Thank you.

[@baldguymoney5568]

That is a very kind comment - I appreciate the fact that you took the time to leave. Wishing you a great day ahead.

[@stevenpalamarchuk3302]

Im just asking cause i could not find it on the NY stock exchange the miner VanEck if you could help me i would be grateful thank you Steven

[@SnowyMcSnowface]

You did a video awhile ago about converting silver/gold into real estate based on a formula. I was wondering if you could make a similar videos for converting precious metals into S&P 500 shares , if the stock market were to crash. What would be a good exit for metals and entry point for S&P.

[@baldguymoney5568]

I can consider that! Thanks for wathcing.

[@70Eldo]

Another factor is the macroeconomic factors of the end of the Petrodollar and the BRICS new currency coming soon, which is backed by precious metals and other commodities. When you add in the national debt and printing of US Dollar monopoly money and add in the fake paper gold and silver ETF's 400/1 ratio, then I don't see gold or silver coming down anytime soon if ever.

[@edb3877]

Monopoly money is a good way to describe fiat currency. They do, in fact, have a monopoly on printing it but as in ALL cases to date, no one can ever resist the urge to print more unbacked paper currency than an economy needs for the efficient transfer of goods and services. This temptation is simply beyond the resistance capacity of human beings, yet we seem to keep trying this experiment when the results of MANY trials already shows us the answer. For some reason, we simply HAVE to keep trying it over and over again without any regard for the results of previous fiat currency experiments. 🙄

[@davidkrempasky7086]

I'm a big fan of bald guy, I'm a bald guy also. Newmont operates here in Cripple Creek, Colorado. I like hiking the old mining trails in Victor.

[@baldguymoney5568]

Colorado - beautiful part of the world.

[@blackboy4520]

Bald guy I have a question how silver is a hedge against inflation but during a recession or depression the price fall ? And what is your opinion on 10k Gold for stacking would u stack that ?

[@baldguymoney5568]

Great questions. During recessions, money is printed. This lifts the price of gold and silver as they hold value. As for 10k gold - I don’t like it. Even in jewelry.

[@h.wayneb3495]

Congrats and thanks for sharing your insight.

[@fransfermont6193]

Would you buy gold and silver at these current high prices or is it better to wait and hope for a dip? And what is better to stack gold or silver? Or a bit of both? I find that very hard to choose which PM is better. Silver would fit better with my financial situation, but i somewhat have more confidence in gold, but would not be able to buy more than two 1 oz coins of gold per year. (i have about 400 EURO to spend on PM monthly and i live in The Netherlands) Any advice would be appreciated as i am new to stacking. Nice video sir. 👍👍👍👍👍👍

[@baldguymoney5568]

Thank you for watching. I always have price targets in place that represent tolerable purchase levels. I never buy into a pump - only on a dip.

[@dsauce223]

Enjoyed the video. My question is if you plan on holding, wouldn't a Silver Maple be a better investment than a Silver Eagle due to the lower premium, "Mint-shield" technology to prevent spotting, higher purity as well as the fact that they're pretty much as recognizable in a time of crisis?... Thanks so much.

[@baldguymoney5568]

I plan on holding and yes - maples are better than Eagles in my opinion - especially for stackers outside the USA. If I was in the USA I may want to have some eagles as they are the most liquid and then have more maples as the core of my stack.

[@dsauce223]

@@baldguymoney5568 I appreciate the confirmation. Thank you sir.

[@metaltracker1723]

Great video BG. Look forward to more to more great content.

[@zayneunderwood1488]

Great video Bald Guy.... 😮🎉 👉🏻💎💎💎🥈🥇

[@C..Squared]

Thank you for the excellent charts/graphs much appreciated! Congrats on your success and going full time YT. YT is my new TV station (streamed through Roku). Your content is intelligent which is in short supply on cable.

[@baldguymoney5568]

Much appreciated!

[@pally867]

Hope you are moving to cooler climes. It is brutal here in northern MD right now.

[@thedaveandjimshow3809]

Been a coin and precious metals dealer since 2003. Gold was $400 and silver $7 an ounce. Today gold is $2350 and silver is $31. All precious metals continue to go up in price over the course of time. Lots of ebbs and flows but arrow is always up long term. However, I've made millions in precious metals and I don't hold at all. I buy with a built in profit and take that profit while there is a profit to he had. Period.

[@baldguymoney5568]

Thanks for watching.

[@jacoslapbass691]

Please could you do a video about who manipulates PM prices and how they do it

[@baldguymoney5568]

I can consider that.

[@bruce5895]

Yes I see metal prices are starting to go up now, but I also see another reason, I shall explain, Canada, the States and the European Union have all decided not to order any fertiliser from Russia, this means with massive immigration now taking place, that farmers will not have enough fertiliser to grow their crops, meaning their livestock will either have to be sold or starve and in the bigger picture it also means that a massive starvation event is about to take place starting next year, there will be not enough food for everyone to eat, that should also be a factor that puts more of a strain on food prices meaning more inflation, falling currency values and probably higher metals prices to come and there are other factors too that I have not told you, I will save that for one of your up coming video's. People just have no idea of whats coming and I am happy that we both are able to give advance warnings to give the people a heads up of whats to come. Good job, they should call you the genie out of the bottle, keep those video's coming. P.S. I found that another great way to save on food prices is buy at restaurant supply stores, example, I priced out cooked chicken breasts frozen 4oz. pieces packed 40 per box, worked out to 1.37 per piece, in a restaurant setting, your probably looking at 7.50 plus tax for the same thing. Time to stockup before things get out of hand.

[@edb3877]

"People just have no idea of whats coming..." That's right. No one knows or can know the future. Not my rule but it does seem to be a universal rule. Many people are confused by 2D charts with X and Y axes. This gets worse as the number of dimensions increases. A 3D chart with X, Y, and Z axes is usually only understood by those with scientific or engineering training. The future, however, would be described by a chart with a million or so axes and is definitely incomprehensible to us all. So, the best we can do is to spot trends and make the best educated guesses we can about what's coming in the future. Best of luck on this to us all.

[@bruce5895]

@@edb3877 I live in Canada and I know that we are getting taxed to the hilt as our gov. takes away our wealth, rights, freedoms and quality of life and the people are feeling the pain of a currency losing its value as our gov. finds out new ways to create more inflation keeping prices rising on everything. There is no end to this until this gov. is changed.

[@chrisbealey6478]

Congratulations on your future endeavors! If you're ever back in Canada id love to take you gold panning on the Fraser River Yup we still get gold .

[@baldguymoney5568]

Sounds like fun!

[@chrisbealey6478]

@@baldguymoney5568 Yup 👍 Such a great gold history on the Fraser .

[@eilambyle]

congratulations on the youtube upgrade and the home !!! and thanks for the great info !

[@ayoubahmed3421]

Hello Bold guy, how would your patreon membership help for people not living in USA. Like I am from Australia want to invest in miners.

[@baldguymoney5568]

I share my mining portfolio there with stocks that everyone (even in Oz) can invest in. I have a few Aussie patrons - solid guys. Since I put the portfolio together, it is up 38.9% vs. +22.4% on the S&P 500 over the same time period. Everything is done transparently there.

[@2Eaglez]

Thanks for eliminating the Hunt Brothers move in the 1980s. I have alway said it was an anomaly that should not be considered in the charts. On mining stocks, have a couple and they are doing good also have some PSLV and CEF which should track the actual precious metals prices. Also holding physical metals at about 15% of net worth.

[@baldguymoney5568]

100%! Too many people put too much stock in that anomaly.

[@edb3877]

Bald Guy: In your comparison of gold vs. the S&P 500 in this video, did that include the dividends from the S&P 500?

[@baldguymoney5568]

It did not.

[@edb3877]

@@baldguymoney5568 OK, thanks for the reply and the honest answer. This is why I continue to watch and appreciate your videos. 👍

[@davidkrempasky7086]

I'm a big fan of bald guy, I'm a bald guy also.

[@billysmith6284]

People are worried about the overall situation of the world.. that should make gold and silver prices go higher.. other than that they would go down..

[@jessreitmeyer2862]

What is your thought on NAK?

[@baldguymoney5568]

What is NAK?

[@fasteddy6170]

Consider the Rigging and $600 SILVER by Dec

[@baldguymoney5568]

$600 silver by December? Come on Eddy - you watch my videos. You know I don’t believe in that. I appreciate you watching though. I always like your comments.

[@vincemurry4201]

God Bless you and your Family , safe and Happy trails. Your probably a good dad.

[@baldguymoney5568]

Thank you. I hope my kids think I am. I am blessed to have them.

[@vincemurry4201]

@@baldguymoney5568 I heard you mention leaving money for your Sons after life, I got 2 Sons, when I heard that, I knew you wouldn't be playing around.Keep up the good work Sir.

[@baldguymoney5568]

It’s our duty as fathers to show our kids the way!

[@vincemurry4201]

@@baldguymoney5568 Amen my lightskinned brother, Amen.

[@patchrat1]

My thoughts on $60 dollar silver is what is the value of the dollar to silver a is silver dime would get you a loaf of bread and a quarter would get you a gallon of gas that value holds up today

[@razorback7158]

I’ll buy more then

[@cunning-stunt]

The decline in Australian unemployment was because of seasonal holiday workers from other countries and Kiwis leaving NZ for better pay in Australia. The Australians ran advertising targeting NZ health workers, a lot left NZ looking for better pay and working conditions.

[@baldguymoney5568]

Great insights!! Thanks for sharing.

[@jondoe5536]

there is only 31600 job adds for all Sydney - seek down from 90,000 12 months ago

[@cunning-stunt]

@@jondoe5536 Advertising jobs targeted at NZ workers in Sydney wouldn't make any sense would it. That is why they advertised in NZ not Sydney. Go look into it and how many are leaving for Australia.

[@jaytaykowski]

I will pay spot price for all tour silver.

[@baldguymoney5568]

I will pay spot for yours. Right now.

[@tracyallen6722]

I can’t buy a damn dip. I was thinking last week I needed to buy.

[@baldguymoney5568]

I bought this last dip. 2330 was dip price target.

[@cjoe1950]

Hey that's Sean Evans from the Hot Ones.

[@baldguymoney5568]

He looks like me 🤣

[@cjoe1950]

@@baldguymoney5568 Doppelganger

[@vinkosmoje2330]

Hello bald guy,. In my country, the tax on silver is 22%, but buying and selling gold is tax-free. Does it make sense to invest in silver? Thanks for your opinion. Greetings Vinko

[@baldguymoney5568]

If you can get gold tax-free, then it’s best to focus on gold and maybe build a small silver position. That’s what I would do.

[@vinkosmoje2330]

Thx

[@philschiavone101]

Things are better than ever! For those few elites.

[@baldguymoney5568]

Exactly!

[@zuke5432]

great video bald guy!

[@Mr_Carri]

Hi, great Chanel & análisis please compare vs Mexico 💥,

[@baldguymoney5568]

I can throw in some data for Mexico! Great people!

[@BertsDad81]

Congratulations Bald guy ! We enjoy your informative content keep up the good work! Best gold and silver channel on KZbin!

[@baldguymoney5568]

Thank you.

[@mitzibutler6415]

🙏

[@skyhighstax]

❤

[@mutantryeff]

At one time I understood that the amount of gold above ground in ounces is equal to the world's population. Thus, every person should have an ounce for equality. If true, I'd always wondered what that ratio would be for other PMs.

[@edb3877]

I saw some info on another channel that showed that there are 8 billion people on Earth and only 0.2 oz. of gold above ground per person. Not sure what numbers this was based on but it was likely in the video or somewhere in the comments. Gold ozs. available above ground is a slippery number, as it goes widely unreported due to people and nations not sharing their gold holdings with the public.

[@mutantryeff]

@@edb3877 I just did a search and it is suggested that almost 5.5B oz of gold above ground

[@mutantryeff]

@@edb3877 I was wrong in how I read that 5.5B ounce report. You might be correct.

[@Tnargtheclown]

Do you think silver will go below $30 in the next month

[@baldguymoney5568]

Very possible.

[@alexjimenez4098]

Bring back “I’m bald guy, let’s talk money” intro

[@baldguymoney5568]

Haha yeah - the good old days 😂

[@alexjimenez4098]

@@baldguymoney5568 I liked it🤷🏽‍♂️😅

[@noroomforgloom]

What we find with metals is that the scenarios and tall tells are endless but the price’s have been mostly flat since 1980 and May 2011 of nearly $50/oz that was a pure fluke. Does this not speak volumes? We are in the most turbulent times in our history yet do we see where silver and gold have saved the economy of most investors? I think not, for the small fry anyway. Some have managed to beat the odds but most are left holding the bag for years to come. Buy low sell high and don’t get greedy holding it too long because you may not live long enough to simply break even. I purchased a good bit of silver in 2011 at $35/oz when it hit almost $50/oz and held on too long and watched it drop expeditiously enriching the few and making suckers out of the rest of us. I still have that silver and with inflation taken into account I still cannot break even twenty three years later and that’s with today’s market having ridiculously high premiums. We know who benefits there don’t we? Look if silver ever makes it back to its high of $50 per oz at my age of 68 I’ll probably just cut my losses on that 2011 buy and use it to help with my pitiful fixed monthly income. I have continued to buy some metals at much lower prices and may actually have a chance to see some of it really being worth in holding but who really knows? Not these talking heads and that’s been proven time and again. This is where patience time and well studied diversification comes in. We shall see, want we? Just saying. Be blessed.

[@baldguymoney5568]

The circumstances behind what happened in 1980 do not support silver being flat since then. I will do a video on that soon. Same with 2011 - unless you bought only the high and never scaled in. That said, I appreciate the thoughtful comment and thank you for watching.

[@davidkrempasky7086]

According to the Bureau of Engraving and Printing paper money is only worth a few cents in paper and ink regardless of denomination. It's basically monopoly money, I don't know about you but I'd rather hold gold & silver

[@fruitloops3718]

It's simple. The demographic that is purchasing gold isn't the same demographic thats getting laid off.

[@binwin2582]

Silver under $50 is the true crime

[@baldguymoney5568]

Under $25 was a joke.