Check out my new free article on the scarcity of Gold & Silver here: www.summitmetals.com/blogs/bald-guy-money-articles/how-much-gold-silver-is-there
@rudeawakening3833Ай бұрын
Great video Bald Guy ! My question : the three things that people dislike about EV’s are 1.) cost of the battery after 5-7 year lifespan . 2.) the long charge times and lines in the cities that are the result of this process . 3.) as compared to an ICE - short range . Samsung has come out with a new silver ion battery that boasts a 20 year lifespan , a 9 minute charge time , and a 600 mile range . Do you feel that this will radically improve EV sales and cause massive silver demand ? Thanks
@Doradoo-h1qАй бұрын
Nah all those in end 2025 is funny . Monday China will hit Taiwan or Iran strike Israel , or BRICS say something about gold , dont forget that banks can start crashing any day now .
@xcoconutmonkeyxАй бұрын
@@rudeawakening3833 Along with new solar Tech that even more silver yes there is going to be a huge silver shortage in the coming years. The US is losing its ability to manipulate the silver and gold market as china and other counties bleed the Comex and LBMA. Entities that have access to both markets are buying low in the US market and selling High in the Asian markets.
@DentalDocАй бұрын
I love your channel and the great advice you give. What’s your advice on buying Silver ETFs (now or after pull-back) vs physical silver coins, then swapping some of ETFs into Gold when it reaches $70+?
@ChrisMcdonald-he9boАй бұрын
@@baldguymoneyofficial I’m holding Vzla gold and ngd I think they are a good hold Also received royalties in vzla
@lawrencehoward9646Ай бұрын
As 70 year old, this is the first time in my lifetime that I have been buying gold and silver because I fear that my pension could be in jeopardy if the market crashes. Remember, it wasn't raining when Noah built the Ark 😂
@baldguymoneyofficialАй бұрын
You fix your roof on a sunny day! Not when it rains.
@edb3877Ай бұрын
I'm 75 and have been buying gold since 2013. Before then, I was a private investor in stocks, usually via mutual funds and later via ETFs. I made good money with those and when 2008 hit, I realized that making money was good but protecting one's buying power was critical. That was when, in early 2010, I started my stacking journey via buying silver. In 2019, I considered my silver stack complete, so now only buy a little from time to time. But most of my "spending" is on gold these days. I was surprised by the rapid rise in gold prices! My 1st gold purchase was five 1-oz. Canadian Maples that I bought for the princely sum of just under $6,000. That was less than $1200 per oz. Also bought at $1250, $1350, $1450, $1700, $1820-$1850, and $2,000 but at that point was waiting for a pullback... that never came. My last two gold buys were on Sept. and Oct. of 2023, when gold was in the $1820- $1850 range. I'd buy again if it pulled back into the $2200+ area or may just hedge a little by buying some fractional oz. coins. I like the additional flexibility of fractional oz. coins and have a couple of dozen 1/4 oz. coins and half a dozen 1/2 oz. coins. I don't have any 1/10th oz. gold coins and have no plans to buy any. 1/4 oz. is as small I will go on that.
@dpirkl4560Ай бұрын
You make hay when the grass is green not when it's brown.
@michaelrussell5736Ай бұрын
69 here and doing exact same thing. I trust few as it is but do not trust our government to do the right thing for us flyover folks I may way, shape, or form.
@silver-en7klАй бұрын
@@lawrencehoward9646 you stack your firewood when it’s hot and dry and u don’t need it, not when it’s wet and cold, and u need it. Firewood is always a tough one because it’s best stacked when there is absolutely zero need for it.
@bruce5895Ай бұрын
I live in Canada and I can tell you that after paying all three levels of taxes, people are only walking away with about .43 cents on the dollar when they get paid. Try living on that, its impossible unless you have reserve assets. All this is because we have a gov. that follows the WEF agenda and simply put is to take away the people's wealth, rights, freedoms and quality of life so in the end there are only two classes of people, the upper class and the working poor, no middle class. And that is another good reason to own gold and silver and other hard assets.
@edb3877Ай бұрын
Brass and lead also are "hard assets" and may be critical to actually keeping any other hard assets you happen to own.
@bruce5895Ай бұрын
@@edb3877 In Canada we are tough on gun ownership under our present gov. but it still doesn't stop the criminals from owning them.
@grantquinonesАй бұрын
@bruce5895 tree of liberty blood of tyrants something or other
@bruce5895Ай бұрын
@@grantquinones your statement has no meaning to me
@margaretlovrich6837Ай бұрын
@@bruce5895 “The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. It is its natural manure”. It’s ya quote from Thomas Jefferson.
@SupplementalDinner-zs4npАй бұрын
You speak with unmatched style and clarity. I love your videos. You should be giving seminars on public speaking. Thanks for yet another great and highly pertinent video.
@baldguymoneyofficialАй бұрын
Cheers! Thanks for the nice words.
@dorothyblair6741Ай бұрын
@@baldguymoneyofficial Supplementaldinners words are so true
@jamesreney2210Ай бұрын
BALD GUY, .... YOU ARE MY #1, "GO TO GUY", WHEN IT COMES TO, QUANTITATIVE INFORMATION, ... NUMBERS, .. OVER TIME ! Oh, I did receive your personal reply to my last comment, ooh, about a month ago, I'd guess. Thank you kindly, and so very much !!
@2is1goldАй бұрын
Great thoughts again. Glad to have some smart thinking on the topic. Cheers!
@jamesreney2210Ай бұрын
@@jimscherer8072Bald Guy, has primarily 2 agendas. #1) TRUTH #2) Back up by, Quantitative FACTS ! NOT,... BULLSHIT, ..EVER !!
@TheRealWalkingJourneyАй бұрын
Still misleading people with the SD propaganda? The money must be good.
@jamesreney2210Ай бұрын
@@TheRealWalkingJourney Sorry, must be having a "senior moment", so, please tell me, ... what's, "SD", Propaganda ?
@luckywinner4936Ай бұрын
And someone commented about not liking your video of you playing with your coins and I responded to his comment defending your no nonsense videos. I personally like seeing your gold coins and what you have.
@christophersuzor6838Ай бұрын
BGM and 2is1 is where I get content that I trust
@RockinRonnie6869Ай бұрын
Last time BGM gave a specific entry he was spot on and glad I followed his advice
@romulus1300Ай бұрын
Same here. I bought gold for the first time and it was a great decision.
@jamesreney2210Ай бұрын
".... "And, "the Archer split the Tree."
@ThatBoiWallyАй бұрын
No way he does this for the people of KZbin. Blessed to of come across your content BGM
@baldguymoneyofficialАй бұрын
Hey! I do this and am supported by some great sponsors. They are the ones to thank!
@william1863Ай бұрын
@@baldguymoneyofficial So we have 6 months to prepare? That takes us to the end of January 2025 perhaps. Who knows what may happen my friend but I will say one thing and that is that the Holy Scriptures says : Let not your flight be in Winter. Maybe just maybe the rapture will take place and we that believe in Jesus Christ may very well be taken up and out of arms way as Written before the Day of the LORD commences in which case it won't matter about stacking Gold and Silver but regardless stack on and may God ALMIGHTY Bless you and the house of ISRAEL which is my grandfather's house for he was an Israelite in the arm forces. Selah ✝️ Shalom Amen 🥲 AMEN ✌ ️
@jamesreney2210Ай бұрын
@@baldguymoneyofficial IF, it twer, Diogenes, in Ancient Athens, carrying his Lantern, at "High Noon", looking for "an Honest man", he'd have found, .... BALD GUY !!
@josephlim8941Ай бұрын
I called Uber for a ride to YVR at 5am. Driver came and had to remove his car seats to trunk. I feel so sad that this father has to get up and work Uber before his regular job. And probably more hours after his shift ends.
@baldguymoneyofficialАй бұрын
It’s very sad but I respect the grind. Good men know how to carry extra weight.
@jamesreney2210Ай бұрын
@@baldguymoneyofficial TRUE, men, ...do what they gotta do ! Protect & Provide !
@ericreen6168Ай бұрын
That's BIDENOMICS 😂 Love the hustle. Real men WILL ALWAYS rise to the task of Provider. Hopefully he's an appreciated Man at home.
@KRShieldsАй бұрын
I see plant closings and mass layoffs in the news every day now. Huge sign for me.
@baldguymoneyofficialАй бұрын
True!
@ashsmtbadventures2668Ай бұрын
Energy - Energy is key to it all. Oil - The Oil cliff is here and Oil volume produced annually keeps dropping. You cannot mine Gold & Silver without Diesel. Mining costs per Ounce will increase dramatically and this also will be a major factor for the price rise of Gold & Silver.
@tedosmundson7326Ай бұрын
What do you know about the world's oilfield? WE have e plenty here in the USA. The oldest oil field in America... aka... The Permiam Basin in Texas is doing great with horizontal drilling and tracking. The Bakken field in North Dakota is huge. Another formation called the Three Forks lies under that and we haven't even touched it yet. We have abundance in oil reserves... politics is what screws a lot of it up.
@danielfarrell3534Ай бұрын
@tedosmundson7326 not to mention all the natural gas and LPG being exported from the US to countries like India... seems there is plenty for decades.
@attila2a746Ай бұрын
Good video bald guy I think you’re 100% correct that’s why I’ve been buying more gold and more lead and I even bought myself a new reloader
@SummitMetalsАй бұрын
Attila we hope you are able to buy some gold and silver from us next time around! Cheers, happy sunday.
@attila2a746Ай бұрын
@@SummitMetals I already have I bought 1/10 of an ounce of gold 2 wallets
@nassersiaf8167Ай бұрын
Thanks Roger, look forward to Sundays video as always 👍
@SummitMetalsАй бұрын
We look forward to it as well! Thanks Roger!
@Nobody232SpecialАй бұрын
Hey Bald Guy, I'm Canadian too. I always appreciate your content. Very level headed and sober minded. Also really great that you explained the Canadian context and how that is probably going to be replicated in the US . . . when the US dollar loses global reserve currency status. Keep up the amazing research and content!
@baldguymoneyofficialАй бұрын
Thank you so much for watching!!
@TheGetzSayRay316Ай бұрын
Im seeing the world go absolutely bananas. 💯 i gain more confidence by the day in gold/silver. Lynette Zang explained pointed out a car in 1913 wouldve costed 41oz og gold, and today, an average car costs 19oz of gold. We are ready for a revaluation for sure
@k.h.p.9862Ай бұрын
Bought a significant amount when it was at 2300. I was going to just sell it for that small profit, but it's just a huge headache to have to watch for gold prices so closely everyday. That time invested in monitoring gold prices is itself very valuable. So I guess I'll just keep what I have and play the long game. By the way thanks for these videos.
@edb3877Ай бұрын
"So I guess I'll just keep what I have and play the long game." IMO, that's the smart way to play it, since gold and silver ARE long games. I'd never try to play the short game with volatile assets like PMs. There are too many very smart people on Wall Street who do this for a living, have massive computer resources, and lots of info that we the public never see. Playing that game with them is a lot like swimming with sharks and not knowing what's on the lunch menu. If you don't know, YOU'RE IT! 😲
@jamesreney2210Ай бұрын
@@edb3877 Hi, Ed, no disrespect, just to, probably, only remind you, ...most, Bullion Cos., do offer a, notification service whenever the price drops below, or goes above, some amount [ whatever, YOU ~ "pre-set" with them ] , then, you'll know immediately ! Just trying to be of assistance.
@jfdomega7938Ай бұрын
If you don't know, you're it!!! Pmsl. 😂
@Justice4oneandallАй бұрын
Watching your vids for quite a while and finally subscribed. Your information is more informative/relative than many who talk about money and gold on KZbin. Thanks.
@baldguymoneyofficialАй бұрын
Thank you Dale!! I appreciate you!
@rickengmanАй бұрын
Great Video as usual BG... Your analysis is always Spot on...Thanks for all you do, especially for the timely Updates and In-Depth analysis in the Patreon and the Real time alerts in the Discord Channel.
@rwkh10Ай бұрын
Three days ago I watched Rob McEwen being interviewed. He said gold will go above $5000. In 2009 he said gold would go over $2000 he was right. He's a billionaire.
@hugohabicht9957Ай бұрын
Another 15 years then
@David_1977Ай бұрын
Fantastic episode. People have to realize that even if they don't own stocks their defined contribution pensions rely on a strong performing stock market for better returns. Also I am surprised to hear that you are optimistic about gold, silver ETF's considering a potential major correction in the stock market.
@paulholden4038Ай бұрын
Thanks for your analogy BGM. I hope things play out in the stackers favor.
@A_T_O_M_I_C_RoosterАй бұрын
One thing I like about your presentation style is that you don't bring out a bunch of gold and silver and play around with it while you present!😁
@baldguymoneyofficialАй бұрын
Hey! 2is1 is my friend - don't be mean :) Anyway - thanks for the kind words and support. Wishing you a great day.
@edb3877Ай бұрын
@@baldguymoneyofficial 2is1 has a great channel too. Both it and BG Money are my goto places for info on PMs. I also view a few others that are interesting from time to time but always watch the 1st two on my list.
@luckywinner4936Ай бұрын
Oh man! Don’t diss 2is1. I like the guy and his no nonsense videos
@A_T_O_M_I_C_RoosterАй бұрын
@@luckywinner4936 Ill say whatever I wish whenever I wish.
@absolutebaastardАй бұрын
I’m from New Zealand and just bought my first 5, 1oz silver coins. I’ve subbed and hit all alerts on your channel, I’m gonna need it! 😂
@baldguymoneyofficialАй бұрын
Wonderful!! Welcome.
@sandonmcmeeking936429 күн бұрын
Where in nz are you? I'm in the lower north island, and also just started 6 months ago. Love this guys videos.
@absolutebaastard29 күн бұрын
@@sandonmcmeeking9364 Palmy mate! Most likely where you are or Welly? 😂
@sandonmcmeeking936429 күн бұрын
@absolutebaastard classic! I'm in Whanganui!! Basically neighbours!!
@absolutebaastard29 күн бұрын
@@sandonmcmeeking9364 😂 Damn! Talk about being bloody close mate! Hope the silver stacking is going well for you! Question though, what’s a good silver coin to get for us kiwis? Currently got the Royal mint King Charles St. George. That still considered “coin of the realm”?
@mikespronz8829Ай бұрын
The final complete decoupling of the economy and the stock market occurred in 2008.
@JJuniverse1111Ай бұрын
In mid 2025 I can't see a 75 to 1 ratio holding up(gold to silver) even with silver consumption dropping. The easy silver has been mined, in quantity and silver mines are generating far less than in the past. When there is a default on the LBMA not delivering physical silver watch for the silver price to skyrocket. That's my take. I wish you well.
@edb3877Ай бұрын
Agreed. Added to this are the facts that: 1) the quality of known silver ore bodies is declining, so miners have to move a lot higher tonnage of useless rock to produce the same amount of silver; 2) very little exploration for new ore bodies is being done due to the relatively low price of silver, so future silver production will be reduced due to fewer new mines coming onstream; and 3) silver consumption has exceeded silver production by increasing amounts for the past 5-6 years. At some point, and fairly soon to my way of thinking, this silver deficit will force prices higher because silver recycling and current production simply cannot keep up with the rising demand.
@jamesreney2210Ай бұрын
@@edb3877 Ja, that's exactly how I see it all playing out. PLUS, "recovery" of, Ag, "pastes" from Photovoltaic cells &, ∆, Solar Panels, is NOT AT THIS TIME ECONOMICALLY FEASIBLE. SO, ∆, it's NOT, ...ALL, "Recoverable". Debilitated ~ defunct, Solar Panels that go to, "the Junk Yard", wind up staying there.
@argusc3310Ай бұрын
Hot diggity dog! Hope BGM is right about $2200 spot gold in Q2 of 2025. Working towards that 40:1 silver:gold ratio in my stack.
@KH0RIUMАй бұрын
Awesome video friend! I bought more Gold earlier this week, I just keep stacking it!
@baldguymoneyofficialАй бұрын
Nice 👍
@TheQuickSilver101Ай бұрын
As a Canadian I can attest to how well gold has performed over the last 5 years as opposed to the Canadian markets. It's the reason I've purchased far more gold in recent years and haven't invested much in the markets. Thank you for the honest assessment as always, Bald Guy!
@baldguymoneyofficialАй бұрын
Great to see you in the comments. I will be in Canada at the end of the month - it's sad going back to see how much worse people I care about are doing.
@requiettАй бұрын
Regarding that Canadian viewer question - the US treasury 'supposedly' has the most gold reserves in the world. Canada sold its gold reserves in 2016, and holds zero on its balance sheets. If you have a single gram, you own more gold than the Canadian central bank.
@vfc1860Ай бұрын
I disagree as our drama teacher is working harder for Canadians and with his hard work we should be a 3rd world country by 2025
@baldguymoneyofficialАй бұрын
Hahaha.
@MMan-yo3ixАй бұрын
@@baldguymoneyofficial He's not kidding....
@GiacomoRavioliАй бұрын
Drama teachers be like that.
@edb3877Ай бұрын
@@MMan-yo3ix I've traveled to Canada a few times and really enjoyed the visits. Canadians in general are good people. Agree that thanks to their "leadership", they have entered a downward spiral in general productivity and the personal well-being that comes from it. Americans are not that far behind our Canadian friends. I absolutely cringe whenever I think of an incompetent person like Kamala Harris sneaking into the highest office in the land here in the US. She's every bit the incompetent nincompoop that Trudeau is.
@HankSemoreButzАй бұрын
@@baldguymoneyofficialyour timeline is very conservative and with our current geopolitical situation, I think it’ll happen 6 months faster then your prediction
@17sapunАй бұрын
many countries will have no idea what to do without the US dollar as a stabilizing factor in their economies. this may make the US dollar stickier as a reserve currency until there is a well accepted alternative or .. every country is measured by their own merits. a lot of unwinding to do
@baldguymoneyofficialАй бұрын
That much is true!! I am not an "End of the Dollar" preacher - but less dollar is possible and likely.
@Tennyson138Ай бұрын
Thanks Bald guy, very informative and helpful, you are one of the best sites on youtube for this insight on gold and silver.......
@baldguymoneyofficialАй бұрын
Much appreciated
@bernulfcorneliustebbe3348Ай бұрын
The USA now has to spend more money per year just to service the interest on the debt than the military budget... Anyone who doesn't understand this and doesn't invest in real values, such as precious metals, has only themselves to blame... Nice greatings from Germany👋🏻😃
@edb3877Ай бұрын
"Anyone who doesn't understand this and doesn't invest in real values, such as precious metals, has only themselves to blame..." I agree, but it is not in our human nature to blame ourselves for our self-inflicted problems. No, we almost always seek to place the blame on others... ANY group will do, rather than ourselves, and then demand government action to provide relief. US Gov spending is approaching a time when it simply cannot be sustained at current levels. Creating more currency to redistribute only cheapens the value of the currency already in circulation, effectively making this situation even worse. Our politicians, which rare exceptions, don't understand the basics of economics or what causes inflation. Our Fed must surely know these things but acts as if they do not. 😕
@bernulfcorneliustebbe3348Ай бұрын
@@edb3877 That's right... more and more debt is being incurred and money is being put into wars that have nothing to do with us... that's the same here in Germany as it is in the USA... But this debt-money system is due to the big changes worldwide (BRICS etc.) soon to end... Best regards
@therooster6104Ай бұрын
Always appreciate your hard work, And very thankful I found your channel bald guy 🤝 Blessings to you and all 🙏🏼🕊️
@baldguymoneyofficialАй бұрын
Cheers!
@jennifermcgeorge6983Ай бұрын
That bit about the yen was very insightful and helpful. I've never really grasped the significance of the value of the yen against the US dollar which is often spoken of lately and thanks to you I finally get it, thank you so very much from a fellow Canadian 😊
@baldguymoneyofficialАй бұрын
I am so happy to hear that Jennifer. I was afraid the topic might turn some people away but I am happy that people are finding it useful.
@jennifermcgeorge6983Ай бұрын
@@baldguymoneyofficial so many people on these KZbin channels throw terms around and quickly talk past these talking points. I want to actually understand these details and it is so difficult because you have to listen to so many things to get somewhere where you can actually hear it being explained.
@beaversstumpgrinding3352Ай бұрын
The charts really help me grasp the information as you explain your calculations. I'll continue to dollar average and set aside extra cash for the price drops.
@baldguymoneyofficialАй бұрын
That is really the best way! Cheers!
@christophermccormick8670Ай бұрын
Valued as always by this community Brother.
@baldguymoneyofficialАй бұрын
Thank you Chris!
@NN-hq7fxАй бұрын
Best channel BGM, very educational! You're easy to listen to and look at :) cute bald guy
@baldguymoneyofficialАй бұрын
Well thank you very much!
@szybkieiprosteАй бұрын
Thank you for this video!
@JamesKrawlАй бұрын
BG...Another excellent, well-researched video. Unlike most other channels, your "predictions" are carefully-worded, and are fact-based. I believe everyone would benefit greatly from quarterly updates, where you can adjust if necessary, your guidance, based on the multitude of ever-changing conditions/factors which impact PM.
@SkiptickleАй бұрын
Thanks for the valuable information, especially the time line. I hate to admit it, but I'm tempted to sell on the rise and buy back on the dip. I'll try to resist, but ......
@paulsickles632Ай бұрын
Once again, well done. I think your timeline is well thought out. One other thing to remind people, sometimes on those pullbacks, especially with silver, the opportunity leads many to try and take advantage only to discover there is nothing available to buy.
@Pat_Smith778Ай бұрын
The Canada info really helped.
@jonnyincognito899Ай бұрын
Ontario, Canada fan here. I saw the writing on the wall on world finances in 2018- thanks to ITM Tradings Lynette Zang at the time. Bought 1 oz RCM gold bars at about $1650- 1700 CDN. Today's price to buy is $3560'ish
@stephenhenderson4419Ай бұрын
Interesting market forecast. Considering the historical data and inference going forward, it makes sense. I truly appreciate all of the work that goes into your videos! This definitely has me reconsidering my stock holdings. Also, staying the course in a diverse metal position as well!
@baldguymoneyofficialАй бұрын
Thank you so much for that comment. It’s people like you that keep me going.
@213thAIBАй бұрын
I think you are definitely in the ball park with your timeline. I take it out to mid-2027, but that’s only because I see the Masters of the Universe trying to drag this out for as long as possible. But that’s just a matter of timing. You’ve got the plot right.
@edb3877Ай бұрын
Yeah, the Masters of the Universe... the very same ones who got hung out to dry in 2008 and again in 2020. lol
@ddprepper5227Ай бұрын
Excellent report 👍👍👍👍👍👍
@bigjay875Ай бұрын
Thanks for the show it was the data i needed to help my aging parents out have a great week
@baldguymoneyofficialАй бұрын
Wishing the best for your parents.
@patchrat1Ай бұрын
Thanks for your input I’ll keep adding to my little stack on a regular basis
@baldguymoneyofficialАй бұрын
I will let everyone know when I am hitting the pause button for a while.
@jaydemay7Ай бұрын
In honor of another great video, I just purchased another 1oz of AU! Well done!
@baldguymoneyofficialАй бұрын
Nice!! Thanks for watching and commenting.
@vonniegreen5156Ай бұрын
Thank you, Bald Guy.
@attila2a746Ай бұрын
Just purchased the shaver, I hope it works. I’ve been gouging the hell out of my chrome dome, the last couple of months with a double edge razors.
@baldguymoneyofficialАй бұрын
I got to use it before I agreed to feature it - it's done a great job to be honest and that's how we agreed to close the deal. Let me know how it goes. I need to check if they sell replacement blades / tops for the future.
@edwardk3Ай бұрын
Thanks for all you do
@siyabongamjwara2982Ай бұрын
Just bought another Krugers silver 1oz coin. My collection is now at 4oz. I'm saving these things up for my retirement 😅
@edb3877Ай бұрын
Well, hopefully, you have MANY years to go before retiring. lol
@siyabongamjwara2982Ай бұрын
Lol of definitely. Haven't turned 30
Ай бұрын
really super video greetings from Greece 🇬🇷
@joesmo9671Ай бұрын
I completely agree with the overall outlook. I can easily see Silver at $75 before the crash however. But we will see how powerful this 3 month run up is. Gold can easily hit 3k in this runup. If silver gets a bid, it can really move quickly so $75 really isnt that crazy.
@stevomorisey6518Ай бұрын
Well done mate, great explanation of the yen carry trade. Bravo
@baldguymoneyofficialАй бұрын
Thanks. I feel like many people hear about it and aren’t having it explained to them in an easy to understand / visual way. I’m trying my best. Have a great day.
@margaretlovrich6837Ай бұрын
Thank you for sharing your knowledge.
@bruce5895Ай бұрын
I figure the pull back as you call it will be 42% in both metals from there all time highs. And that would be my buy signal for gold.
@edb3877Ай бұрын
So, how was that 42% level derived? I don't see a pullback of that magnitude happening unless something completely unforeseen occurs... such as governments and central banks halting their gold buying frenzy.
@bruce5895Ай бұрын
@@edb3877 I just look at past results for gold and silver on the charts to derive that figure and I am looking forward to it as I have already indicated. But before that event happens, I am also hoping that silver prices will go up to a point where I can sell some to buy more gold when the price bottoms out at a later point in time, so far so good.
@bruce5895Ай бұрын
@@edb3877 history and charts
@bruce5895Ай бұрын
@@edb3877 When the bubble bursts worldwide, stocks along with everything else in this world will go down in value including metals, I base my figure on experts in the field and on past historical events, the figure in itself is a ball park figure, but when planning out future events one has to speculate on where things are going and what the eventual effects could be, that way you develop a plan of action for future events. But I go a little further than that, like I figure Gold and Silver right now are going on a tare upwards for the next month or so, so I will sell my silver when it hits its top before the crash. After the crash, when metals bottom out, I will take the cash that I have from the sale of Silver to buy more gold and restock my silver reserves and sit back and watch the boom when the recovery starts, thats my plan. At some point the experts say that Silver shortages will be the norm of the day, this means prices should go up faster because of lack of supply and nothing that anyone says to me will change my way of thinking at this point in time, end of story.
@richardbasciano3211Ай бұрын
Great job good charts to follow Thanks
@baldguymoneyofficialАй бұрын
Cheers!
@MaximumUtmostАй бұрын
From a strictly numerical view, based on the market cap divided by price of both silver and gold, silver amounts to less than 10x the amount of gold! By that metric in a vacuum, silver should be *significantly* more expensive.
@luckywinner4936Ай бұрын
There’s an Asian guy whose video you need to watch and the title is “why I’m not buying/investing in silver”
@aidenfreedomАй бұрын
Thank you again man for such a clear and understandable podcast, I think you are a master at explaining this stuff. I am doing all you are explaining, so glad I did, gained 16 % net on the gold I needed to sell from last year to avoid the increase here on Tax for over seas metals, I think Britain is in a worse state than Canada, it is abysmal here for most, I have taken steps to prep since the plandemic so am as prepared as I can be for what is coming, and by the heavens it is coming, that in my opinion man is a mathematical certainty? I keep just enough currency to pay the bills in hand and not a penny more in the Banking system, times is running out as you say. Thanks for your work and sharing. Peace brother.
@baldguymoneyofficialАй бұрын
Peace to you too brother!
@john316godlovesyou5Ай бұрын
Thanks again for another great video BG! Your contrarian point of view of the global economy has been spot on and greatly appreciated! The Lord has truly blessed you with much wisdom, insight, and foresight! God bless you! John 3:16
@Greatfull8Ай бұрын
Subscribed. Thanks for the updates!
@baldguymoneyofficialАй бұрын
Thanks for the sub!
@rudyroedling188Ай бұрын
Baldy, I used to live in Canada for 45 years, and fully agree with what you are saying, it is sad to se what Trudeau Pierre and Trudeau (or Castro?) Justin did to this formerly so beautifull country.
@Jeff-y4xАй бұрын
Thanks for your time bald individual. 👍👍
@baldguymoneyofficialАй бұрын
And thank you for yours.
@C..SquaredАй бұрын
Gold is a bit dear in price. I am looking to silver. Thxs BG
@rick5923-y7xАй бұрын
Good update Bald guy as always
@baldguymoneyofficialАй бұрын
Thank you kindly.
@gerardnation1916Ай бұрын
What an excellent summary.
@baldguymoneyofficialАй бұрын
Glad you enjoyed it.
@2Live4TelevizionАй бұрын
I've been following Bald Guy Money for 2+ years.... He's got the facts and He's got the stacks!!! Love this guy
@baldguymoneyofficialАй бұрын
Thank you!
@gsyn7570Ай бұрын
I heard there is a huge silver short position by big banks, If a squeeze comes, they are going to shut down ETFs such as GLD, GLDM, SIL and SIVR, etc. which could cause investors in these ELFs lose all their assets, what is your view on this potential issue?
@RB-cq5huАй бұрын
Hey BGM, thanks for the tip on those eagles. I just picked me up 100. Because of tips, charts, and your knowledge of metals, this is why I tune into you every Sunday. I just want to thank you.
@baldguymoneyofficialАй бұрын
Thank you for taking the time to watch and for supporting Summit Metals! You are appreciated!!
@TwitchRadioАй бұрын
For the youtube algorithm as always.. Hope you are doing well.. Keep up the good work you do for all of us. 😎✌️ #DCAandCHILL
@baldguymoneyofficialАй бұрын
Thank you 🙌
@bernulfcorneliustebbe3348Ай бұрын
As long as currencies such as the dollar and euro are not backed by gold, we will continue to be subject to indlation... the only way to protect your capital is to invest in stable real assets, such as gold and silver... Cryptocurrencies are tempting and they also make a safe impression, but they are still not widespread enough in the population and what do you do in the event of a blackout...??? That being said, if a Bitcoin is worth $500,000 but the dollar is no longer worth anything, you've gained nothing...🤷🏻♂️
@genewillis1656Ай бұрын
Hi! Really valuable information! Thank you very very much!
@baldguymoneyofficialАй бұрын
Glad it was helpful!
@waynerobertson7011Ай бұрын
I enjoy Your Conservative approach to Metals analysis and Graphs and Charts!
@baldguymoneyofficialАй бұрын
Thanks Wayne - just trying to keep it realistic while sharing how I see the market.
@JeromePowell-t9pАй бұрын
We're not going to give up on fightimg inflationary forces .
@baldguymoneyofficialАй бұрын
That’s right - because you never really honestly fought it to begin with.
@Chisca22Ай бұрын
Great stuff BGM great time to be a metal stacker
@baldguymoneyofficialАй бұрын
It really is.
@smithent701Ай бұрын
Good stuff as always Bald Guy, appreciate the perspective. I do have a question...... I personally think we could see the dollar fall much sooner than anyone might expect, which makes me wonder....In addition to the heavy manipulation of metals, are you factoring in the recent expiration of the Petro-dollar agreement (back in June), combined with the BRICs nations that have been re-patriating gold & buying silver at record levels in the last few years (Russia 700%+, China, India and others), and their upcoming October 2024 meeting is possibly set to announce its new decentralized finance system (MBRIDGE, etc) with well over 100 nations now on board, and if you are factoring in these events, then....is there not a scenario where you could see a more rapid decline of the dollar and a much steeper spike in precious metals? (Some metals experts believe this could very well happen given these events) -- from a fellow bald guy.....Clayton (Austin, TX)
@baldguymoneyofficialАй бұрын
Anything is possible - but I am just not seeing that right now. The dollar is still important everywhere I travel. It is will be a slow decline in my opinion.
@starstacker1Ай бұрын
Great presentation as always. Just friendly mention one of your links has a typo.
@baldguymoneyofficialАй бұрын
Thanks for that - fixed it :)
@paulaxiuk7609Ай бұрын
Thanks for the warning !
@nickgood1000Ай бұрын
You are doing am AMAZING Work here. My Favorite chanel. Great chart and simple to follow your explanations, very well put. Keep going.
@baldguymoneyofficialАй бұрын
Cheers!
@rnp1785Ай бұрын
Your videos are awesome 👍
@baldguymoneyofficialАй бұрын
Thank you!
@william1863Ай бұрын
I Love this young fellow . Thank you for your information and service bald guy money. Wish I could spend time in your company. And as far as your looks , you look fine and probably have all the girls chasing you but remember only one is good to have. 👍
@baldguymoneyofficialАй бұрын
I'd love that William. If you're ever in Warsaw - let me know.
@william1863Ай бұрын
@@baldguymoneyofficial I will but first we need Silver to go up exponentially God willing for then I will be able to go just about anywhere in the world my good friend. 👍
@goofygoober3407Ай бұрын
Great video. Thanks
@Jbedard1963Ай бұрын
Very glad you made the point to reference Canada (and now possibly Mexico). This will help everyone to understand how very real this is.
@baldguymoneyofficialАй бұрын
It is real!! Thanks for watching.
@thomasbeslanovits9163Ай бұрын
GREAT SHOW BALD GUY 5 STAR CHANNEL.
@baldguymoneyofficialАй бұрын
Thank you!
@brucegaskill3284Ай бұрын
Thank you BGM.
@DavidG-qe7ynАй бұрын
Thanks BGM😎
@markbarnaart2381Ай бұрын
Go Lions ! Hi Bald Guy ! Your killing it every week !
@AKAFringeАй бұрын
All ways great info.
@baldguymoneyofficialАй бұрын
Thanks Paul!
@edb3877Ай бұрын
Outstanding video, BG. Really well done, sir. 👍👍
@baldguymoneyofficialАй бұрын
Thank you kindly!
@edb3877Ай бұрын
@@baldguymoneyofficial No problemo. Well earned, well deserved!
@TheKietNguyen-dy1dzАй бұрын
Great information brother 👍
@baldguymoneyofficialАй бұрын
Glad it was helpful!
@jonathanlungloАй бұрын
‘It’s the final countdown!’
@baldguymoneyofficialАй бұрын
Great song!
@williammarcus2085Ай бұрын
If the BRICS connect a unit currency to the value of gold that could accelerate your time line... It will be very interesting to see what happens if the world wide value of gold gets adjusted to $20000 per oz.
@chrismartinez8393Ай бұрын
Expecting a OCTOBER SURPRISE
@nat731629 күн бұрын
Hi im a new subscriber, im been purchasing silver bullion as the gold is very high.. im wondering when is the price of silver gonna take a dip as i wanted to buy more during the price dip.
@kevinwilliams691Ай бұрын
Great content, spot on
@timothyoherlihy5391Ай бұрын
I expect bad crash ahead within next 3 months. I can live with holding on as long as everything comes up roses within 4 years. I don't think selling now with very modest profits to avoid crash and entering after crash is feasible as one could miss the upturn if it starts very quickly.
@Pelican5077Ай бұрын
This is 100% the correct approach. Holding a decent % of physical assets as part of the strategy means you aren’t going to miss any upside appreciation. And it makes it less likely we do something stupid if the spot price tanks temporarily. There are plenty of other ways to try and profit as a ‘trader’ if one is so inclined.
@timothyoherlihy5391Ай бұрын
Thank you Mr. ' Pelican'. Actually I am convinced about the future of precious metals and have invested heavilly in their producers. As ft tis70's it was 50 Dollars . What is that worth in 2024 ; 150 dollars minimum. we will know that the future is paved with gold when Berkshire acquires a big stake in Newmont or Barrick and then the herd will run in. The leverage in the producers could be incredible.
@Pelican5077Ай бұрын
@@timothyoherlihy5391 Indeed. I bought Newmont around $40, on the breakout from the low around 30. Still holding. I have a couple mid tiers, and a basket of jrs. One of which is up over 100%, one of which is down over 50%. Those are my two largest positions, so they cancel each other out I guess. The rest are a mixed bag, but my dad (who died in 2021) invested in SA miners starting in the 70s and was a serious coin collector taught me a lot about selection. And he left me a few stocks in his IRA with instructions on each on how long to hold, etc. Absent that there are some losers I would have dumped. But the cost of capital was zero and honoring his legacy is kind of cool. I still have 6 years before the IRA has to be totally liquidated. So I can be patient. Like you, I am looking forward to the eventual capital rotation event. And I continue to add to physical every month, currently 100% adding silver, 12-15 Oz per month. Thanks for your positive words!
@omarelayeb4197Ай бұрын
Great Best Chanel which give truth
@zakkg5497Ай бұрын
The next couple of weeks will be quite "interesting" for gold (I'm a gold guy, don't trust silver as it is an industrial metal with numerous applications, even though i keep stacking some of it hoping "good" times will come to convert it into gold). FED cuts, BRICS summit...wonder if this september will be one of those traditional "weak" gold months as I hoped to get some more of it or will have to sell and wait for a full-blown recession and buy back then...Hope you update your time-table in a couple of months when fresh data is collected