Read my free article on how much Gold & Silver I think a person should aspire to have (as a minimum): www.summitmetals.com/blogs/bald-guy-money-articles/how-much-gold-silver-should-i-have
As another thinker, I agree. This is what makes BG so special here on YT. He doesn't pander or sow panic as a reason to acquire PMs, where a lot of others do. The BG channel and the 2is1 channel are both what I call gold and silver content for adults. Enjoy both a lot.
BG gets more right then most but silver is mined at 8 to 1 and since 1873 silver has been getting killed by gold to the present day ratio of 80 to 1. BG doesn't address this crime
This is an absolutely fantastic video and a "must see" for anyone stacking or interested in PM's. As usual, Bald Guy Money shows and breaks down important information YOU need to know about PM's and will only help in any decision you may have to invest. Thank you again BGM!
My reasons for owning a lot of gold: (1) The real estate market is dead. Gold is a great substitute. (2) It's a savings plan for retirement (3) It can be used to take advantage of an opportunity where the ratio of gold to some asset goes crazy. (3) To use to purchase a new currency after a currency reset. (4) Preservation of Wealth & Security. With governments being able to confiscate a large amount of the wealth of a great nation like Russia with the push of a button, or through taxes and inflation, well, what better way to show my distrust of governments and banks. I am not putting our life savings at this great counterparty risk. Greedy, bankrupt, corrupt governments are the BIGGEST counterparty risk to private and sovereign wealth. This is my base case. My portfolio is 80% gold, 10% silver and 10% cash.
All i know is that many will soon be priced out of buying silver… i can not imagine ur everyday person on the street buying silver once it starts running and hitting $50, $60, $70, $100 …. If u do not own it now u might not own later
Those who stack both metals are enjoying both of these videos. For us, it's not an either / or choice. Lots of us start with silver and then graduate to both, finally ending up at almost all gold buys with only an occasional silver addition.
It's nice to know that I'm at Duke level in my stacking, I also stack iron and brass along with boom powder as a blue collar worker, been stacking for 22 years
Well done in the longevity department. I started stacking silver in early 2010, not because I didn't like it before that but because I was making good money in the stock market and wanted to continue doing that. 2008 was my WAKE-THE-BLEEP-UP! moment when I realized that making a lot of money was less important than actually *keeping* it! So, I switched from 100% of my capital in stocks and real estate to more like 22% in physical PMs, 15% in cash, and 63% in the stock market. This gives me growth from stocks that is then switched into PMs over time for the preservation of that capital via PM ownership.
I think you should be fine. Good could collapse if big banks need liquidity they will sell gold and could flood the market causing a significant drop. Likelihood is medium and it would take a lot of selling to cut in half.
Great Video as usual BG. I like the way your Silver Ranking dovetails into the Gold Ranking, I'm the same level on both... Thanks for all you do both here on YT, Patreon and on the Discord Channel...
Greetings! Love Holland - been to Noordwijk, Leiden, Hague, and Amsterdam. The best place was Leiden in my opinion. Wonderful quiet city. Wishing you a great day.
Thank you for being so positive about buying silver, I own 185ozs & some gold. I love buying silver but a comment made to me by a precious metals ‘you tuber’ over here in the UK said buying silver was a con just buy gold, which I don’t agree with so thanks again for your refreshing take on buying silver. New to your channel and it’s brilliant 😊
In the UK the VAT makes silver less attractive than gold so we must forgive that UA-camr for saying that. I think having a little silver is of course necessary - but in the UK I would also buy VAT-free gold Britannias.
I have been stacking since 2006 and, by your definition, would be considered a "Count of Silver". 500 additional ounces to make "Marquis". Little by little every pay day adds up over time. I have also been very blessed as to not needed to sell a single ounce. I have given many away as gifts, but never exchanged for fiat currency.. Keep stacking, little by little so that the dollar cost does not affect your budget. Dollars are elastic. Ounces are the measuring stick.
whether pm prices are manipulated by JPM or BRICS, I will stay thankful and humble for their efforts to facilitate stackers consistent accumulation of cheap assets.
Central banks have always been the problem. Imagine what could happen if the federal reserve was shuttered along with all central banks. We definitely need to reign in government spending and size and create a real currency backed by Tier 1 capital GOLD.
Yes, we do need to do some of that, BUT... it's been the Fed that has tried to restrain the wild spending of the US Gov recently, so without their influence, would there be ANY pressure on the DC crowd to reduce or limit spending in any way? I'm thinking that there would not be such pressure and "party like it's 1999" would become a reality. Well, until the everything collapse hits.
@@t-bone7988 Because silver is a far better bargain, at an in-ground/mining ratio of 10:1 and a sale ratio of 80:1, silver is literally 800% better bargain.
I greatly appreciate that you addressed the BRICS issue. So many UA-camrs almost salivate when they talk about a BRICS gold backed currency. I've been perplexed for years about this since none of them would ever trust China, Russia, Brazil or South Africa normally but that goes out the window when they talk about a gold backed currency. I barely trust any western government so I see zero reason to trust BRICS countries. In fact we should all be extremely skeptical of their motivation and that they even have and are willing to contribute a sufficient amount of gold to back a currency
@@TheQuickSilver101 it’s a complete nonsense. Gold priced in Bitcoin is likely to be the future because Bitcoin addresses the flaw of the Bretton Woods system that it depended on the US to keep its word and not expand the money supply.
Agreed. The reason for using the US$, despite its poor money management, is that it is a pool of capital like no other on Earth. It's both wide and deep, so when trillions of currency units are needed for something, the US$ really is the only alternative. The Euro dollar was supposed to be the new dollar but with a lot of Europeans choking on socialism and its downstream effects, this seems less likely by the day.
It has nothing to do with trust with the new A Political BRICS SETTLEMENTS SYSTEM. STUDY in the right places, not dumbed down media. 1st, you need an economics degree to understand it.
@@silverman5707 The benefit there is that stackers will be needing them to collect and chop firewood, till the fields, herd cattle, as well as cook our food and clean our homes. After all, we DID warn them and were ignored for our efforts. 😉
Silver has already been at $50 what happened? Now it has trouble holding a $30 value. Silver is being gamed. It should be $100 but the control is screwing things up. Metals are not a totally safe place. When it goes down there are no buyers. Even the guys you bought from won't buy it until it levels off. When you see a profit take it. Get back in later, I did.
In 2023 copper was mined @ 26,547,000 tons & Silver @ 26,000 tons (mined ratio of 1021:1). Silver price is $989,000/ton ($989 a kilo), So, divide by the ratio 1021 to indicate a "fair" price for copper @ $968.66. But, the price for copper is much higher @ $9,080. Assuming Copper is not massively overvalued (at least cannot be economically mined at this lower price), This indicated Silver is also massively undervalued by a factor of 9 to 1. The value for Silver is also justified by 1) Huge & growing industrial demand for silver and 2) mined Silver:gold ratio is only 7:1 but the price ratio is 83:1. Maths is Maths. Science is Science. Value=Value... Stack Silver folks !!!
I think all asset classes will take a tumble within 6-12 mos after the rate cuts due to the ensuing liquidity crunch, but silver and gold would rise exponentially the 3-5 yrs thereafter. So there should be another opportunity to buy low coming up soon.
I continue to wonder about all these "liquidity crises" that seem to happen on at least a semi-regular basis. Why do these keep happening? Are there really so few of us who can actually manage money without getting into financial trouble? It seems to be especially bad for the banks and I am totally unimpressed with the Fed's so called "stress tests" for banks. They always seem to pass with flying colors and then the next liquidity crisis arrives anyway. Sheesh, already! Added to that, no one seems to care a bit about any liquidity crises for We the People. We're left to figure it out for ourselves, which is an enormous benefit in terms of encouraging us not to spend so freely when we really cannot afford it. Never mind that last sentence. WAY too many people are up to their eyeballs in debt and living 1-paycheck away from financial disaster. 😕
Bald Guy, I agree with the answer to the question but what I see as important is that the acceptance of a BRICS currency will increase the demand for gold. I’ll let you take it from there
I'm planning to sit tight and wait till October to sell some miners to take profits. Maybe 25% in anticipation of a possible decline. I don't sell my physical holdings though in general. I just trade with miners. But, if silver hits $50 I will sell 2 of my 10 oz silver bars that I like the least at the local shop just for the fun of the experience of selling them for 4x what I bought them for. Small things to make me happy even though I don't need the money. I dropped in $50K on NEM when at $30 and I'm feeling pretty good right now. There was such hatred for NEM at that time I thought this is it. Go big.
@@eddie-o5u He can afford to sell a little if he wants the experience of selling. His money, his choice is the way I look at things. This is why I never buy from dealers who try to make that choice for me.
Have to give this guy credit where credit is due. His video a week ago and his video 3 weeks ago were spot on and great timing as he predicted in both videos this big moves higher for silver and gold and really emphasized silver. As a 25+ year stacker and a 15+ year seller of mostly 90% U.S. silver coins; I'd be in the low end of the Duke placement. But selling so much this past week, so probably knocked down to the high end Marquis.
Good down to earth info! Can't say we've got good things to look out for, but at least we'll probably be able to keep our standard. I don't get how people keep shutting out PM, by now it should be clear to anyone where things are going. Maybe most of the people watch too much tv instead of doing some research themselves. It's channels like yours who deliver the goods. Exciting times now... I'm waiting to see you doing your show with your head colored in gold paint😊. Might be a nice gimmick when gold reaches 3000? 😉
@@kingston163 No, they are not, but just wait for the next financial crash and then it will "suddenly" occur to them. Not that this recognition will be of any benefit to them because it will just be too darn late for that.
Everything you own NEEDS these shiny metals to work. That's why they have been manipulated for decades and minimized in the media in order to convince the public they are worthless. It works well on people with low iqs. Like you.
I think the world is waking up to the importance of a gold-backed currency and think gold will be revalued to the upside as more countries try to regain confidence by backing their currency properly with gold.
Let the price of gold go up - but not revalued to the upside. They give you more today to steal from you in the future. Let the price of gold float always! It verifies money supply.
I appreciate your polished and well thought-through videos. Your explanations are very clear. I look forward to your video next week after the Fed has acted.
@@dy4221 Who knows how much ANYONE on the web has? Some make comments like that just to be blowing smoke, plus it's not like he adds his address to his comments.
I rate myself #1 as I have zero Silver. I live in the UK and the 20% VAT hit that comes with silver makes it a non starter. I'm not going to give 20% of my wealth to the government when I can use it to buy legal tender gold coins, which are free of all taxes.
Excellent choice. Besides, when, not if, a financial collapse occurs, you will be able to buy all the silver you need for barter purposes with a little gold, perhaps even outside the current system via a black market. Governments tend to frown on these but rarely ever succeed in stopping them.
I still want to see one for platinum. I own 0.1oz of that. I suspect that would put me in like the top 1% of all platinum holders maybe. Although everyone owns a car with a catalyst...
My wedding ring is platinum... and that's the only Pt I will ever own. I once considered buying some Pt but the thought occurred to me, "What will this do for me that Au cannot?" I had no answer to that so didn't buy any Pt.
You may be the best on UA-cam at this, and I mean that sincerely. 👏👏👏🏆 Here’s a question that I think is important to many of us: Is the LCS going the way of the Dodo Bird? There are channels reporting this right now. I would really like to know your thoughts on this.
Thank you so much. I took some hate for this one but your comment made me feel much better. I think you’re right on the topic of the LCS. Internet dealers are killing them (not sure if it’s good or bad - it’s just the free market). Have a great day!!!
I'm relocating to a BRICS country, Brazil. No, people will not be carrying the "unit" in their pockets, but I think it will be a fairer system for international trade, and countries' wealth and currency would reflect their productivity. It would remove speculators from the commodities market. This is what I heard. Anyhow, America's best days are behind them.
I like your perspective of the BRICS and gold standard. The BRICs is as you said seeking to back the noney with assets. That is the difference. Each countrues value will be based on their country GDP and commodities.
Yes. I think I didn’t clarify that they still need gold well enough - but you clearly understood what I had in mind. Gold backing - great! And let the floating price be a check to monetary and fiscal policies!!
@@baldguymoneyofficial I have a question for you if you don't mind. In 2021 we had about a half of the year type 1 and the other half type 2 American Eagles. To my understanding the production was simultaneously limited because of silver shortage as well as production approval delays. I purchased 20 of both types for that particular year. I also purchased one each graded for that year. (I normally just buy ounces at the cheapest price) So actually 2 questions: 1. Do you think that these silver eagles for 2021 will earn a higher value later? 2. The what if someone was to buy several thousand dollars of these coins and publicly melt them and therefore reduce the supply? I'm thinking about buying more of this year because I truly believe with all the distractions in 2021 people missed the production issues and the half year of type 1 and half year of type 2. Type 1 was the design for 35 years of I recall and the type 2 was introduced half to I think 3/4 of the 2021 production year and who knows how long it will remain the new design. But the importance IMO is that 2021 will be in limited supply of the last of the type one and the first of the type 2. What are your thoughts?
Hey Sergeant - I am very skeptical about the numismatic value of bullion coins. I agree that a recognizable coin is more liquid than a generic one (and can be sold for more) and that it can be sold for more as a reason - but that’s where I draw the line. When it comes to specific types of Eagles and their value - I am not an expert in that. Wish I could help, but I wouldn’t BS you.
Yeah, the paper market is not a free market. Brics could drive the price up, and if Americans don't raise the price, they will buy all of it. Because Americans would have the least expensive gold.
If it wasn't manipulated with paper shares, I would agree. But the stock market doesn't see physical sales. If you and I buy or sell precious metals, they don't see that on the stock market. So it doesn't really correlate with reality. And if the brics nations set a price by law amongst themselves, Then their people will look otherwise to get the gold for cheaper, and if the United States doesn't raise their price, the other countries will buy it all
Thank you for the great research, perspectives, and encouragement. QUESTION: History tells us that confiscation is highly likely, and we are already getting loud hints about future gains taxation. How can we prepare for eventual grabs like these and maintain the ethical high ground? Many thanks!
I think the idea of revaluing the price of gold is more about placing an established floor on the price, and therefore less worry about volatility and watching the value go down below what the initial cost may have been.. When you consider if you bought gold in 1980, by 1999, even with an inflated dollar, you would have lost nearly 75% of the value of what you had paid, and lost value of the dollar due to money printing. That lay's on the mind of every investor
Mixed emotions. Happy I bought a crapload back around $15/oz. Bummed it’s taken so long just to get to $30. Will liquidate silver around $50/oz spot. Holding gold for the long run. Thx again B.G. 👨🏻🦲
hey Socal - great to see you in the comments. I am releasing a free article this weekend on my view of silver. I hope you'll check it out. Will provide the link to it in the next video.
Very good grading system, we're the same level in silver and gold. We can "count" on it lol 😆 keep buying physical PM's might make next level in a few years we hope.
Gold and Silver is constitutional money under the US Constitution and is considered a legal form of tender for payment of Debts. Fiat currency is defined as not lawful money but under the current administration is considered legal tender until it is not. More States in the US are putting into their laws that Silver and Gold are legal tender and can be used as a means of payment for goods and services, which I think is a good thing. There could come a point in time where business people will no longer except fiat or other forms of currency only gold and silver, that would also be a good thing, fair value for real money.
"More States in the US are putting into their laws that Silver and Gold are legal tender and can be used as a means of payment for goods and services, which I think is a good thing." Agreed. It will be quite interesting when the number of states doing this gets to 34. That will be a giant wake-up call for the US Gov and the Fed.
@@edb3877 Yes, that Ponzi Scheme will be over, but they will probably set up another one to take its place like the digital dollar, never mind taking the time to printing money, just push a button and make as many zero's that you want too.
Read my free article on how much Gold & Silver I think a person should aspire to have (as a minimum): www.summitmetals.com/blogs/bald-guy-money-articles/how-much-gold-silver-should-i-have
In the grand scheme of the over all population, if you’re stacking at any level you’re a king
Great comment - I love this attitude!
👍
👍🏻
Holding 10,000 plus ounces of silver is a huge amount of silver.
It is. Unless you have a huge vault to store it.
Dukes aren't poor
I have 4,500 ounces and I thought that I have a lot. Congratulations
@@baldguymoneyofficialnah.. house walls have lotsa space behind the drywall lol
@@silverliner4894Same here. 9 monster boxes + several bars.
You’re definitely a thinker. I appreciate your ability to have ideas that I have not considered. Appreciate what you do.
Thank you.
As another thinker, I agree. This is what makes BG so special here on YT. He doesn't pander or sow panic as a reason to acquire PMs,
where a lot of others do. The BG channel and the 2is1 channel are both what I call gold and silver content for adults. Enjoy both a lot.
BG gets more right then most but silver is mined at 8 to 1 and since 1873 silver has been getting killed by gold to the present day ratio of 80 to 1. BG doesn't address this crime
800 ounces of silver for me
Looking forward to huge gains
Nice going on your stack
I’m not that far behind you but I’m doing very good for what I have
Gold should be over USD 20,000. Current price is manipulated far more than you imagine.
Within 10-15 years, it will get there.
Yes both silver and gold are rigged. Hang on dont sell unless you have to. Big numbers coming soon.
When we get HYPERINFLATION! DEFINITELY! 😅😅
@@kayr3487gold was $20. I’m sure there was a fool like you somewhere saying the same thing about gold at $2500
@aerotus888 and we should all be 💀... yet miraculously here we are... 🤷
I sold a London property in October 2021. Since then London real estate is up 4-5%; gold is up 45%.
This is an absolutely fantastic video and a "must see" for anyone stacking or interested in PM's. As usual, Bald Guy Money shows and breaks down important information YOU need to know about PM's and will only help in any decision you may have to invest. Thank you again BGM!
My reasons for owning a lot of gold: (1) The real estate market is dead. Gold is a great substitute. (2) It's a savings plan for retirement (3) It can be used to take advantage of an opportunity where the ratio of gold to some asset goes crazy. (3) To use to purchase a new currency after a currency reset. (4) Preservation of Wealth & Security. With governments being able to confiscate a large amount of the wealth of a great nation like Russia with the push of a button, or through taxes and inflation, well, what better way to show my distrust of governments and banks. I am not putting our life savings at this great counterparty risk. Greedy, bankrupt, corrupt governments are the BIGGEST counterparty risk to private and sovereign wealth. This is my base case. My portfolio is 80% gold, 10% silver and 10% cash.
Well said I would go along t he at too.😊
@@mma5505 You. too. I think we are going to own nothing and be happy 🤑
I am 80% silver,10% gold and 10% cash
@@jaynawilliams8923 I'll be happy when THEY own nothing and are miserable! lol
Us gov deems gold a tier 1 asset same as bonds
Good viewer question at the end..im 45, and only been stacking for just over a year,and im always learning.Good channel,great info.✨
Thank you for taking the time to watch.
@@baldguymoneyofficial you are so kind to answer most of your viewer's comments! That's what I like about BaldGuy!
All i know is that many will soon be priced out of buying silver… i can not imagine ur everyday person on the street buying silver once it starts running and hitting $50, $60, $70, $100 …. If u do not own it now u might not own later
I never imagined people would pay $60k for a digital token!!
@ yeah i know many are not buying 60k bitcoin and soon many will be priced out of silver
Pretty sure this video does 10x better than the top gold holder video.
Those who stack both metals are enjoying both of these videos. For us, it's not an either / or choice. Lots of us start
with silver and then graduate to both, finally ending up at almost all gold buys with only an occasional silver addition.
@@edb3877 I buy more silver just for it being half its all time high gold is at all time high i like buying whatever is cheap i bought gold at 1600
@@edb3877, yes. I’m a “viscount” in silver and a “count” in gold.
Hahaha - it hasn't. The algo hates me.
It's nice to know that I'm at Duke level in my stacking, I also stack iron and brass along with boom powder as a blue collar worker, been stacking for 22 years
Well done in the longevity department. I started stacking silver in early 2010, not because I didn't like it before that but because I was making good money
in the stock market and wanted to continue doing that. 2008 was my WAKE-THE-BLEEP-UP! moment when I realized that making a lot of money was less
important than actually *keeping* it! So, I switched from 100% of my capital in stocks and real estate to more like 22% in physical PMs, 15% in cash, and 63%
in the stock market. This gives me growth from stocks that is then switched into PMs over time for the preservation of that capital via PM ownership.
I am known to pump iron.
I have 2500oz silver and 70oz gold and I think I don't have enough.
You should never tell people how much you have! 😬
@@dy4221 I live on cyclon ln.
@@dy4221 What matters more is HOW he chooses to secure it.
I think you should be fine. Good could collapse if big banks need liquidity they will sell gold and could flood the market causing a significant drop. Likelihood is medium and it would take a lot of selling to cut in half.
Why stack more than 2000 oz?
I agree. An individual silver investor/saver should have a goal of 500oz to 1000oz.
Thanks for the vid.
Good morning Bald Guy I'm in the Baron level.
Good content although I disagree with the downplay of BRICS.
Always look forward every Sunday to check out BG's well thought out insight and opinions. Thank you!
Much appreciated!
Great Video as usual BG. I like the way your Silver Ranking dovetails into the Gold Ranking, I'm the same level on both... Thanks for all you do both here on YT, Patreon and on the Discord Channel...
Thank you Rick for helping with the moderation and for being such a long-time supporter!
What a refreshing and positive channel this is. Thank you bald guy! Greetings from the Netherlands
Greetings! Love Holland - been to Noordwijk, Leiden, Hague, and Amsterdam. The best place was Leiden in my opinion. Wonderful quiet city. Wishing you a great day.
Thank you for being so positive about buying silver, I own 185ozs & some gold. I love buying silver but a comment made to me by a precious metals ‘you tuber’ over here in the UK said buying silver was a con just buy gold, which I don’t agree with so thanks again for your refreshing take on buying silver. New to your channel and it’s brilliant 😊
In the UK the VAT makes silver less attractive than gold so we must forgive that UA-camr for saying that. I think having a little silver is of course necessary - but in the UK I would also buy VAT-free gold Britannias.
Thanks for this video, it’s very inspiring and gives me another reason to stay more focused! You’re the best at analytics!
I have been stacking since 2006 and, by your definition, would be considered a "Count of Silver". 500 additional ounces to make "Marquis". Little by little every pay day adds up over time. I have also been very blessed as to not needed to sell a single ounce. I have given many away as gifts, but never exchanged for fiat currency.. Keep stacking, little by little so that the dollar cost does not affect your budget. Dollars are elastic. Ounces are the measuring stick.
Awesome video BG. Appreciate you putting together the silver stacker chart and enjoyed this weeks response to the viewers question.
Glad you enjoyed it! Wishing you a great day.
Hello everyone!
Hey!
Your content is consistently excellent - thank you.
Thank you for those kind words.
whether pm prices are manipulated by JPM or BRICS, I will stay thankful and humble for their efforts to facilitate stackers consistent accumulation of cheap assets.
Hehe - good man! I like that way of looking at things.
Central banks have always been the problem. Imagine what could happen if the federal reserve was shuttered along with all central banks. We definitely need to reign in government spending and size and create a real currency backed by Tier 1 capital GOLD.
Yes, we do need to do some of that, BUT... it's been the Fed that has tried to restrain the wild spending of the US Gov recently,
so without their influence, would there be ANY pressure on the DC crowd to reduce or limit spending in any way? I'm thinking
that there would not be such pressure and "party like it's 1999" would become a reality. Well, until the everything collapse hits.
Storage above 10k Oz is a huge problem, 20k Oz will fill the largest commonly available safe, and a million Oz would require a walk-in-sized vault.
@@owenbanks3675 yep. I don’t understand stacking more than 2000oz of silver. Why nit just move to gold afterwards ?
@@t-bone7988 Because silver is a far better bargain, at an in-ground/mining ratio of 10:1 and a sale ratio of 80:1, silver is literally 800% better bargain.
It would seem countries would have a interest on keeping silver and gold tamped down in order to buy more ! Really enjoying your videos. Go Lions !
I greatly appreciate that you addressed the BRICS issue. So many UA-camrs almost salivate when they talk about a BRICS gold backed currency. I've been perplexed for years about this since none of them would ever trust China, Russia, Brazil or South Africa normally but that goes out the window when they talk about a gold backed currency. I barely trust any western government so I see zero reason to trust BRICS countries. In fact we should all be extremely skeptical of their motivation and that they even have and are willing to contribute a sufficient amount of gold to back a currency
@@TheQuickSilver101 it’s a complete nonsense. Gold priced in Bitcoin is likely to be the future because Bitcoin addresses the flaw of the Bretton Woods system that it depended on the US to keep its word and not expand the money supply.
Agreed. The reason for using the US$, despite its poor money management, is that it is a pool of capital like no other on Earth. It's both wide and deep,
so when trillions of currency units are needed for something, the US$ really is the only alternative. The Euro dollar was supposed to be the new dollar but
with a lot of Europeans choking on socialism and its downstream effects, this seems less likely by the day.
It has nothing to do with trust with the new A Political BRICS SETTLEMENTS SYSTEM. STUDY in the right places, not dumbed down media. 1st, you need an economics degree to understand it.
It's part of the global military operations. Gold will break the Fed. - Q
Crazy to think most peoples silver status is barren instead of Baron.
Most people silver status is grandmas silverware and a handful of pre 1965 coins.
@@silverman5707 The benefit there is that stackers will be needing them to collect and chop firewood, till the fields, herd
cattle, as well as cook our food and clean our homes. After all, we DID warn them and were ignored for our efforts. 😉
Good one! And you're right. It's sad.
Silver has already been at $50 what happened? Now it has trouble holding a $30
value. Silver is being gamed. It should be $100 but the control is screwing things up.
Metals are not a totally safe place. When it goes down there are no buyers. Even the guys
you bought from won't buy it until it levels off. When you see a profit take it. Get back in
later, I did.
Thanks for this video! Much appreciated.
Glad it was helpful! Have a great day.
In 2023 copper was mined @ 26,547,000 tons & Silver @ 26,000 tons (mined ratio of 1021:1). Silver price is $989,000/ton ($989 a kilo), So, divide by the ratio 1021 to indicate a "fair" price for copper @ $968.66. But, the price for copper is much higher @ $9,080. Assuming Copper is not massively overvalued (at least cannot be economically mined at this lower price), This indicated Silver is also massively undervalued by a factor of 9 to 1. The value for Silver is also justified by 1) Huge & growing industrial demand for silver and 2) mined Silver:gold ratio is only 7:1 but the price ratio is 83:1.
Maths is Maths. Science is Science. Value=Value... Stack Silver folks !!!
Interesting take. Thanks for sharing.
I think all asset classes will take a tumble within 6-12 mos after the rate cuts due to the ensuing liquidity crunch, but silver and gold would rise exponentially the 3-5 yrs thereafter. So there should be another opportunity to buy low coming up soon.
I continue to wonder about all these "liquidity crises" that seem to happen on at least a semi-regular basis. Why do these keep happening? Are there really
so few of us who can actually manage money without getting into financial trouble? It seems to be especially bad for the banks and I am totally unimpressed
with the Fed's so called "stress tests" for banks. They always seem to pass with flying colors and then the next liquidity crisis arrives anyway. Sheesh, already!
Added to that, no one seems to care a bit about any liquidity crises for We the People. We're left to figure it out for ourselves, which is an enormous benefit in
terms of encouraging us not to spend so freely when we really cannot afford it. Never mind that last sentence. WAY too many people are up to their eyeballs
in debt and living 1-paycheck away from financial disaster. 😕
Great video BG. I look forward to watching every Sunday
Thanks for watching Anthony! Wishing you a great day.
Excellent point you make about the Brics
Bald Guy, I agree with the answer to the question but what I see as important is that the acceptance of a BRICS currency will increase the demand for gold. I’ll let you take it from there
Agreed! The differentiation I make is that Central Bank gold buying is a trend since 2008/2009 that is independent of BRICS altogether.
Awesome report 👍👍👍👍👍😄
Solid video, your research is A+
Much appreciated! Thanks for watching.
Watching silver prices this week
I just started several months ago so far 109 ounces
Unlike your other rankings this makes more sense
Always look forward to watching your posts every Monday morning - thanks for all your effort.
Thanks for watching and leaving comments! I really appreciate it Mr. Dazzlla!
I'm planning to sit tight and wait till October to sell some miners to take profits. Maybe 25% in anticipation of a possible decline. I don't sell my physical holdings though in general. I just trade with miners. But, if silver hits $50 I will sell 2 of my 10 oz silver bars that I like the least at the local shop just for the fun of the experience of selling them for 4x what I bought them for. Small things to make me happy even though I don't need the money. I dropped in $50K on NEM when at $30 and I'm feeling pretty good right now. There was such hatred for NEM at that time I thought this is it. Go big.
Don't sell.
@@eddie-o5u He can afford to sell a little if he wants the experience of selling. His money, his choice
is the way I look at things. This is why I never buy from dealers who try to make that choice for me.
if you have NO gold or silver why not buy immediately, like before the rate cut?
You can! Don't go crazy and spend all your fiat. Be prepared to hold those metals fir a few years minimun!
Determine how much you can safely do in the budget. Do half now and half after it may dip at or shortly after imo.
not always is available,
often they run out
Buy the rumor, sell the news…
@@AstroTommy66 yep sell the news wednesday
Yes I would agree that you have some of the most knowledgeable people on your channel, yourself included. See you in the next video.
Cheers Bruce!
@@baldguymoneyofficial thanks, life is good when you know how to manage it no matter what gov. decides to do.
Have to give this guy credit where credit is due. His video a week ago and his video 3 weeks ago were spot on and great timing as he predicted in both videos this big moves higher for silver and gold and really emphasized silver. As a 25+ year stacker and a 15+ year seller of mostly 90% U.S. silver coins; I'd be in the low end of the Duke placement. But selling so much this past week, so probably knocked down to the high end Marquis.
Good down to earth info!
Can't say we've got good things to look out for, but at least we'll probably be able to keep our standard. I don't get how people keep shutting out PM, by now it should be clear to anyone where things are going.
Maybe most of the people watch too much tv instead of doing some research themselves. It's channels like yours who deliver the goods.
Exciting times now...
I'm waiting to see you doing your show with your head colored in gold paint😊. Might be a nice gimmick when gold reaches 3000? 😉
Outstanding update. I just keep stacking both for peace of mind.
Another great presentation, should be taught in schools. You really pack in the facts for a brisk delivery, thank you again.
I appreciate that!
Teachers don't know to teach!
They don’t know what to teach. But I can help.
@@baldguymoneyofficial Presently they're not even aware to even ask.
@@kingston163 No, they are not, but just wait for the next financial crash and then it will "suddenly" occur to
them. Not that this recognition will be of any benefit to them because it will just be too darn late for that.
Another Fabolous update, with graphs, facts and a perfect question to answer, keeping me feeling safer with my stacking ❤
Thank you so much for your kind words! Stacking should make you feel confident! Never do it out of fear. Sending my best wishes to you!
Im just happy being at Baron level but just barely with 110 oz.
Ty Bald Guy, another informative video
💕
💯💯💯
You're doing well!! Better than most. Keep it up and thank you for watching.
6200 oz and still stacking
Food is about to be the most precious commodity on the planet. Not shiny metals.
Ok. Let’s see.
Everything you own NEEDS these shiny metals to work. That's why they have been manipulated for decades and minimized in the media in order to convince the public they are worthless. It works well on people with low iqs. Like you.
Thank you BALD GUY MONEY A PERFECT BROADCAST U DA MAN
Fantastic video, pleased to see I'm a Baron !
Silver is still way undervalued despite the gains.
Hey bald guy at what gold and silver price point do you plan on reducing or selling off mining stocks
I am looking for consolidation in mining as a signal to scale out.
I think the world is waking up to the importance of a gold-backed currency and think gold will be revalued to the upside as more countries try to regain confidence by backing their currency properly with gold.
If the US was smart, they’d shore up their dollar with Gold. It could happen since the dollar is no longer a petrodollar
Let the price of gold go up - but not revalued to the upside. They give you more today to steal from you in the future. Let the price of gold float always! It verifies money supply.
Tanx for the great answer on the viewer question….
I appreciate your polished and well thought-through videos. Your explanations are very clear. I look forward to your video next week after the Fed has acted.
Awesome, thank you!
Severely in the Viscount range caused me to begin the accumulation of the more condensed gold.
My first goal was 500oz, then I moved it to 1000oz….. then moved it to 10,000oz currently. Up, up and away!
You should never tell how much you have. 😖
@@dy4221 Who knows how much ANYONE on the web has? Some make comments like
that just to be blowing smoke, plus it's not like he adds his address to his comments.
Especially with you name on your comment
Excellent, excellent, excellent; multitudinous layers of analysis excellence, as per usual.
Thank you so much for recognizing my hard work.
Some of that selling is for liquidity needs. It is a bloody rear guard fight.
Sadly - true.
I rate myself #1 as I have zero Silver. I live in the UK and the 20% VAT hit that comes with silver makes it a non starter. I'm not going to give 20% of my wealth to the government when I can use it to buy legal tender gold coins, which are free of all taxes.
Excellent choice. Besides, when, not if, a financial collapse occurs, you will be able to buy all the silver you
need for barter purposes with a little gold, perhaps even outside the current system via a black market.
Governments tend to frown on these but rarely ever succeed in stopping them.
@@edb3877 Exactly
I also have a gold ranking :)
I still want to see one for platinum. I own 0.1oz of that. I suspect that would put me in like the top 1% of all platinum holders maybe. Although everyone owns a car with a catalyst...
😂 same logic as someone with silver dining set and cutlery
@@Night-nl8vo few!
My wedding ring is platinum... and that's the only Pt I will ever own. I once considered buying some Pt but the
thought occurred to me, "What will this do for me that Au cannot?" I had no answer to that so didn't buy any Pt.
Excellent video, and thank you for providing some additional perspective with regard to the possible upcoming BRICS "Unit".
Cheers!
First time viewer and I’m very impressed with your video.
Thank you so much! Hope you’ll stick around for more.
Love it and thank you for doing this. Your levels are a great resource
Challenge for BG. How to combine the gold and silver rankings.
Equivalent ounces is the only way I can think of.
I will give it some thought. Others have asked.
You may be the best on UA-cam at this, and I mean that sincerely. 👏👏👏🏆
Here’s a question that I think is important to many of us:
Is the LCS going the way of the Dodo Bird? There are channels reporting this right now. I would really like to know your thoughts on this.
Thank you so much. I took some hate for this one but your comment made me feel much better. I think you’re right on the topic of the LCS. Internet dealers are killing them (not sure if it’s good or bad - it’s just the free market). Have a great day!!!
I'm relocating to a BRICS country, Brazil. No, people will not be carrying the "unit" in their pockets, but I think it will be a fairer system for international trade, and countries' wealth and currency would reflect their productivity. It would remove speculators from the commodities market. This is what I heard. Anyhow, America's best days are behind them.
Good bye and good riddance
Thank you Sir, A Gift from the sky! Buy Buy Buy physical, Any fiat left Repeat, You cant print Silver /silver.
Hey!! I missed these comments.
I have no opinion on whether you got the chart right or not. Regardless, it’s a good visual for my personal ranking. Thank for doing that. 🙏
Cheers!
I like your perspective of the BRICS and gold standard. The BRICs is as you said seeking to back the noney with assets. That is the difference. Each countrues value will be based on their country GDP and commodities.
Yes. I think I didn’t clarify that they still need gold well enough - but you clearly understood what I had in mind. Gold backing - great! And let the floating price be a check to monetary and fiscal policies!!
@@baldguymoneyofficial I have a question for you if you don't mind.
In 2021 we had about a half of the year type 1 and the other half type 2 American Eagles. To my understanding the production was simultaneously limited because of silver shortage as well as production approval delays. I purchased 20 of both types for that particular year. I also purchased one each graded for that year. (I normally just buy ounces at the cheapest price)
So actually 2 questions:
1. Do you think that these silver eagles for 2021 will earn a higher value later?
2. The what if someone was to buy several thousand dollars of these coins and publicly melt them and therefore reduce the supply?
I'm thinking about buying more of this year because I truly believe with all the distractions in 2021 people missed the production issues and the half year of type 1 and half year of type 2. Type 1 was the design for 35 years of I recall and the type 2 was introduced half to I think 3/4 of the 2021 production year and who knows how long it will remain the new design. But the importance IMO is that 2021 will be in limited supply of the last of the type one and the first of the type 2.
What are your thoughts?
Hey Sergeant - I am very skeptical about the numismatic value of bullion coins. I agree that a recognizable coin is more liquid than a generic one (and can be sold for more) and that it can be sold for more as a reason - but that’s where I draw the line. When it comes to specific types of Eagles and their value - I am not an expert in that. Wish I could help, but I wouldn’t BS you.
I like your approach how you make your videos. Good job
I appreciate that! Wishing you a great day!
Yeah, the paper market is not a free market.
Brics could drive the price up, and if Americans don't raise the price, they will buy all of it. Because Americans would have the least expensive gold.
Yes, that would be a fierce arbitrage situation with a MASSIVE, and perhaps final, flow of PMs Eastward.
America doesn't raise the price though - the price goes up as buyers bid it up. That's what we want!
If it wasn't manipulated with paper shares, I would agree. But the stock market doesn't see physical sales. If you and I buy or sell precious metals, they don't see that on the stock market. So it doesn't really correlate with reality. And if the brics nations set a price by law amongst themselves, Then their people will look otherwise to get the gold for cheaper, and if the United States doesn't raise their price, the other countries will buy it all
First time seeing you alot of good information
Thanks for taking a risk and clicking on the video. I appreciate your time!
A Baron! Just like my hero, Munhausen.
Viscount! Im ok with that!!!
Me too. Couple hundred more to get to Count.
Viscount gang
Thank you for the great research, perspectives, and encouragement.
QUESTION: History tells us that confiscation is highly likely, and we are already getting loud hints about future gains taxation. How can we prepare for eventual grabs like these and maintain the ethical high ground?
Many thanks!
Marquis. Still consider myself a peasant though
Thank you 👍👍👍
GOLD & SILVER are Free at the Moment
Your the best most honest on UA-cam I appreciate your weekly videos thank you
Thank you. I do my best.
When the SHTF the $42 price prediction measured against the dollar will I speculate much higher
I think the idea of revaluing the price of gold is more about placing an established floor on the price, and therefore
less worry about volatility and watching the value go down below what the initial cost may have been.. When you consider if you bought
gold in 1980, by 1999, even with an inflated dollar, you would have lost nearly 75% of the value of what you had paid, and lost value
of the dollar due to money printing. That lay's on the mind of every investor
Mixed emotions. Happy I bought a crapload back around $15/oz. Bummed it’s taken so long just to get to $30. Will liquidate silver around $50/oz spot. Holding gold for the long run. Thx again B.G. 👨🏻🦲
hey Socal - great to see you in the comments. I am releasing a free article this weekend on my view of silver. I hope you'll check it out. Will provide the link to it in the next video.
@@baldguymoneyofficial Sure will! Thx again
"Lord" level. Have my sights on smashing thru the "Baron" threshold
Bald Guy, do you have any thoughts on digital gold services like Kinesis? Thanks.
Not really. They’re too new and I don’t trust them yet. I still prefer to have possession of my gold as it stands now.
OG Pirates had it nailed down.. Gold, Silver, Guns, Warships, and Private Islands 🤙
Very good grading system, we're the same level in silver and gold. We can "count" on it lol 😆 keep buying physical PM's might make next level in a few years we hope.
Gold and Silver is constitutional money under the US Constitution and is considered a legal form of tender for payment of Debts. Fiat currency is defined as not lawful money but under the current administration is considered legal tender until it is not. More States in the US are putting into their laws that Silver and Gold are legal tender and can be used as a means of payment for goods and services, which I think is a good thing. There could come a point in time where business people will no longer except fiat or other forms of currency only gold and silver, that would also be a good thing, fair value for real money.
"More States in the US are putting into their laws that Silver and Gold are legal tender and
can be used as a means of payment for goods and services, which I think is a good thing."
Agreed. It will be quite interesting when the number of states doing this gets to 34.
That will be a giant wake-up call for the US Gov and the Fed.
@@edb3877 Yes, that Ponzi Scheme will be over, but they will probably set up another one to take its place like the digital dollar, never mind taking the time to printing money, just push a button and make as many zero's that you want too.
@@edb3877 We will be the ones that wake them up on this channel.
Duke/Duchess level here, with trade to gold when ratio is better.
Welcome to the channel My Lady. Wishing the Duchess a lovely day ahead.
Good position about the brics and Chinese currency value.
According to Kitco news, one Samsung EV battery requires 35 oz of silver to produce.
Currently in the mid Baron range, working my way to Viscount, but I would not stack silver past the Marquis point due to storage and weight issues.
Makes sense.
I'm a Baron, but I'm only 50oz away from viscount right now. Looks like I'm heading over to SD Bullion soon just to get my viscount status.
Give Summit Metals a shot at earning your business. Of course, you're free to do what you want - but our customers so far have been very satisfied.
All the military uses more silver but are rarely mentioned.
They use a lot for sure. But not as much as some people who appear on UA-cam say. 500 oz in a missile is a number that has been debunked.