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Bald Guy : Thanks very much , for your hard work and dedication to this informative piece ! And thanks for “ keeping it realistic “ without just pleasing itching ears with unrealistic figures … Question sir ; “ like “ the Hunt brothers who failed in the early 1980’s , why couldn’t the BRICS+ get together and with all of their wealth and resources , pool together a silver cartel ? If we think about the FACTS ( not opinion ) that the physical silver market is relatively small , and they are trying to come up with a commodity based ( their words ) currency - would physical silver not be a grand idea to corner a market that people and humans require ? Thanks for your thoughts on this , and how much I feel that this would be a no brainer if I were in their shoes . Peace ☮️
“Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants - but debt is the money of slaves.” ― Norm Franz. I like, stack, hold, buy and sell both metals. My personal stack is 75% gold and 25% silver. Thanks for the video Sir.. Life is good. God Bless
It's true - gold is going up fast. It's why taking advantage of those dips was so darn important. You're doing well though brother - thank you for watching!
I've been recently trading in gold I got for less than 1800 for silver regularlyon dips.....now waiting for gsr to adjust then to double or triple up on gold by arbitrage
Just to note that because something hasn’t happened in your lifetime doesn’t mean it won’t. There are decades where nothing happens and years where decades happen. Especially with gold. If we just get the equivalent price action from 08 to 11 we can expect a 40% increase. However conditions for price movements are now are greater than 08 increasing the importance of holding gold beyond its dollar value.
Same. Would love to live in a world with a strong and stable currency. Maybe we can go back to a gold standard and enjoy living in a more prosperous time for everyone.
Silver only stacker here. I'm a firm believer that owning just about anything durable is much better than cash. If a person had purchased $100,000 worth of nuts and bolts back in 1969 and put them away, they'd have roughly $850,000 worth of nuts and bolts to sell today...lol. We gotta start developing the habits of the super rich. They don't sit on stacks of cash for very long.
"nuts and bolts" -what about rosting proces during this 55 years ? Better invest in vodka, put into wine barrels and kip going in the basement or old mine. After a years 20, 25 or 40 will be very good alcohol. And very expensive also
@@josephjames259 until the dollar is no longer used i will keep some. Dollar will not be going away anytime soon even know the utube channels keep telling everyone its over with. Scarring people helps with utube videos and they make more money. I will bet anyone the usd will be around past 2030, but i would not bet on the puchasing power.
Actually, there are a lot of computer components that are a lot cheaper today than they were in 1980. A $4,000 PC back then would be laughably slow today, have minimal drive space, and very restrictive slow memory. A new $1,000 PC today would be lightyears ahead of that 1980 version.
@@edb3877that’s not a fair comparison. You should compare a „standard office pc“. But the same is for them: you would get a mid priced office pc today for 500-800€. In 1990 it was 3500-5000 DM.
@@MatzeMaulwurf If I knew what a standard office PC was, I would have done so. The problem is, many PCs in a business environment are set up for specific tasks, so tend to be more than just a terminal with a mouse / keyboard and intranet / internet connections. Working with large spreadsheets or databases would mean that a lot of memory would be required as would a lot of storage space. Much better graphics would be needed for engineering and software development, etc.
IMO, the US$ is the new dime, so a $100 bill would be the new $10 bill. Silver needs a new catalyst and when it arrives we are likely to see silver prices shoot up to a place we never thought it would. If we see a 40:1 GSR and $2500 gold, then silver should be in the area of low to mid $60s. While this would be good, it doesn't look to me like the end of the line for rising silver prices. I just hope that I live long enough to see it happen.
$50 is doable purely based on being done a couple times before. My buying silver is based on me being in my 30s and optimistically believing I could live another 30 years
I have been stacking for 30 years now. Bought 2 monster boxes ASE's for $3,250/bx balance of 20K in pre 33 gold. Sitting pretty right now. Buying gold from now on. Keep up the great content.I watch you for level headed sound advice.
Hello, BGM! The gold vs silver price action right now is making it financially and psychologically challenging to balance my ratio towards 1:40. Nevertheless, I bought a one-ounce AGE this morning. The most I ever paid for a full ounce, but still much less (per ounce) than I have paid for fractional gold before.
I remember when silver sat at $15 for a long time...must have been about 7 years ago or so. I remember buying 10 ounce bars from Provident for $160. Those were the bars with the Prospector and the mule on them. That bar sells for $300-$350 now because of the design/artwork.
I have been watching them on eBay for about a year now. A guy I know in my area bought 100 of them and he is always asking me what they sell for on eBay. He bought em all for $160 each.@@_outofphase5480
It’s gotten to the point where I flat out don’t believe you. I’ve held silver for 30 years. Silver is a gigantic loser. Gold, bitcoin, income property sure. Silver doesn’t even come close. I’ve heard this crap ten thousand times. I hang onto my junk because I like old stuff. Everything else is long gone
@RockinRonnie6869, I love Bald guy too, but another guy I watch, who is just about always right is Gold Advisor, Christopher Aaron. He predicts future PM value using charts, and is almost always right.Gregory Mannarino is also correct probably 99% of the time. These two guys, and Bald guy are my favorites.
@RockinRonnie6869, I love Bald guy too. I have three guys I watch who are excellent at predicting PM values.Gold Advisor, Christopher Aaron, who uses charts to predict future values, and he is very rarely wrong, and Gregory Mannarino, who is also correct probably 95% of the time. These three guys are about the only people on UA-cam who use 100% logic to predict future values, and thats why they are almost always correct.
I think your $60 price target for silver is very reasonable. And 100% agree that the 1980 high likely won't be reached given the context of what it took to get silver to that price can't happen again. Great video, we live in exciting times for sure!
Yep, and not just the dollar too. Just look at how many countries are dumping their currencies for gold. Which means silver isn't going to stay around $24 bucks an ounce for long IMO. I'm thinking we'll see silver around $30oz by summer, and looking at this failing economy and how quickly things can 'get out of control', we could see silver MUCH higher by years end.
Excellent video BG. I agree with the whole message. Thanks. I know you are not a fan of platinum, but a lot of what you say about silver applies to Platinum. Once the gold runs up people will flock to cheaper monetary metals and there are only 3 of them. While there is a case for copper as well, I don't think palladium has miningful value outside of automotive use. Silver is at the bottom of real exeter pyramid and if the real panic develops has a potential to go above that 60+ number, but based on TA 60-80$ is the number and I will definitely be happy with that as long as everything else does not quadruple in price. The dollar value is very relative measure, would rather compare it to basket of housing, food and energy. Cheers from Toronto.
I would sell part of my silver between 40 and 50$, i am not greedy. The famous 50$ in 1980 was a one day wonder. But who knows? It is nice to dream about triple digits.
So I agree with a lot of what you say however one thing to consider your price target at $66 an ounce could be a little bit low. You're right to say The Hunt Brothers situation will probably never repeat itself but the 2011 situation could repeat itself and if that was to happen there should be more money in the system today then there was in 2011 without being said wouldn't a 66 dollar price target be too low making it more like $100. As always great video subscribe and never miss a video. 👍
BG - I would like to hear your views on War Nickels - with a higher silver content per $1 face value than other Constitutional silver, why does it get zero love? I have heard the refining difficulty argument, but who is buying it to melt? It seems like a perfect form of currency post dollar collapse for local trade. Your insights would be appreciated. Great job on the videos, BTW!
War nickels are a silver novelty I got about 100 of them but I'm still more interested in 90% coin 3 1000 face bags and 1000's of 999 silver rounds and bars. Gold I have 1 unit to 8 units of silver
@edb3877 well, we can say that about alot of things, so 50 dollars it was, we got very close to that about 10 yrs or so ago, I'm not optimistic about seeing 50 dollars again for quite some time. I hope I'm wrong on that though!
That is a data point that needs to be tossed out - any real statistician would do that (I have studied and worked in statistics). Thank you for watching!
@@stevelauda5435 There does seem to be quite a gap between these $45-$50 silver prices, for sure, but some just like stacking something beautiful and also somewhat valuable. I see my silver stack as an asset that very well might come in handy as barter money once the US financial and monetary systems have been sufficiently abused and there are those out there who are riding this horse pretty hard while using spurs and a whip as it approaches the cliff of financial reality. What they are doing is not sustainable, so will come to an end at some point if countermeasures are not implemented soon. So far, there hasn't been much interest in limiting government spending to a level that is sustainable, so the choice is less about spending a bit less and calling it good vs. collapsing the system from wildly excessive government spending. Politicians simply do not know how to say "No!" to any spending programs that come along. We need a law that takes this out of their hands, probably via some sort of budgeting that cannot be violated except in times of extreme national survival situations. These situations must be spelled out in the law clearly and other similar situations should be included as well via inference. We're taking in $4.5T via fees and taxes, yet somehow always seem to spend more than that and usually quite a lot more than that. This creates inflation that has been bad but that could be a lot worse in the near future. If we do not manage this scaling down of government, it WILL either consume this nation or result in an epic crash of biblical proportions. I favor the tapering off of spending and it should be evenly divided among all of our people. It should continue until federal spending is less than federal income. Most of us have to live within our income, and so does the federal government if it is to continue. Sorry for the rant but this is driving a lot of us our here crazy.
I would agree with you but for a few things. The end of the dollar is closing in. The Bricks nations are introducing a Gold backed monetary system. The US financial system is close to a necessary change. At some point, it appears to me, the Bricks will re-value gold and silver. Like you, I am not stacking to get rich. I am doing so to prevent complete failure in my life. However, when the change comes, those who come out on the other side with real, physical assets, will be much better off than those with no physical assets. Stacking now should be a game changer in the very near future. The stacks from today may indeed become generational wealth. Worse case, I have a stack of metal that retains its value.
Agreed. Not only that but having some silver as barter money very well could increase one's chances of making it to the other side of some very hard times.
Where would you eventually sell your silver when it does reach a very high value, which I do believe will happen. Coin shops and pawn shops only have so much money and when they are flooded with people wanting to sell their $75 dollar silver in mass, they will not be in a position to do that. Do THEY have a channel into which they can sell back the PM's? We have seen shops turn away sellers in the recent past where the retail market has slowed. Your comments welcome. BTW, Good presentation today.
In my opinion, I believe that you will be able to buy land or whatever your end game is just by paying with the metal itself. If shtf people know what real money is. I hope that helps.
My 38 yrs buying physical gold and silver and some platinum is paying off ! 3rd generation jeweler ! Physical only no middle men ! Hold it own it ! AGREE 70/30 GOLDS WAY !
I was 13 in 1979 and a coin collector that started metal speculation buying my first 100 oz bar then selling it for $3200.00 missing the top. Now have been doing this metals game like you for 45 yrs and having a blast.
Enjoyed the video. However there's a very large elephant in the room which few if any consider when discussing silver. Unlike gold, silver is being consumed and in massive quantities never before seen in history. While silver has been used "industrially" over a long period it was very seldom consumed. People didn't throw their sterling silver cutlery, their silver jewellery or their 90% silver coins in the trash? According to the figures I've read, around 50% of mined silver goes towards industrial use which currently has a 21% recycle rate, meaning 39% of the silver mined last year will eventually end up in landfill. Unless of course that 21% recycle rate drastically improves, but for that to happen the price of silver would itself have to increase dramatically. Geologists reckon there are around 640,000 Tons of silver remaining in the earths crust, but I'd suspect that all the "low hanging fruit" has already been picked, so I expect that it will become more and more costly to extract silver as the resource shrinks. So we're in unchartered waters now regarding silver as there's never been a period in history where silver has been consumed like it is presently. The world might want gold but it doesn't need gold.....but it needs silver, and we're currently throwing it away at a fierce rate.
WE are not running out of silver. What we are running out of is the easy to find and extract silver. Future silver mining will have to be much more efficient if silver prices are not to rise a lot.
@@edb3877 If we continue the current levels of industrial usage and recycling, we are in practical terms running out of silver. Obviously silver won't just "disappear" from the planet and will still be around in some form, but if 100 tons of garbage has to be shifted in order to access a few ounces of silver it is effectively gone. Anything which is finite and is being "consumed" will eventually run out, regardless of the efficiency of the mining. Do the math. In 2022 26,000 tons were mined, 50% of which went to industrial use. So 13,000 tons used with a current recycle rate of 21% means a loss of 10,300 tons to landfill. That's per year, and if that rate of usage and recycling were to continue there will be no silver left to mine in 62 years (640,000/ 10,300) and that includes all the most inaccessible silver to mine. The only way to extend that is to drastically increase the recycling percentage to 50%, 70% 90% and the only way that will happen is if it's financially viable to do so, meaning silver will have to be valued at many multiples of it's current price. .
@@thewildgoose7467 Agree that this is one of those "if this then that" kinds of things. I'm just thinking that if we consider that almost none of the sea beds have been mined, only 25% of the Earth's surface is available for mining. In so many applications, silver is used in small amounts and is not yet worth recycling "tons" of junk to extract the few grams of silver it might contain. Not mentioned is that there is an enormous amount of gold and silver dissolved in the oceans of the world that might possibly be extracted from the sea water via some sort of solar power ion-exchange resin bed system, which would be concentrated to some level that is compatible with the bed design, the concentrated liquor pumped to a storage tank, picked up by ships, and taken to a facility for electro-chemical reduction. If that technology doesn't work out, we still have good old Luna sitting up there in the sky 238,000 miles from Earth with no water covering its surface and plenty of sunlight on one side for powering mining equipment. None of this will be cheap but it does seem possible in the not too distant future. Much higher silver prices would be the salient concept in this discussion, whatever the reason for its cause.
The time to add gold was 1-3 years ago when silver premiums were nuts. With premiums at 4 year lows, silver is the best buy. But, silver is at risk of selling off if markets have a major sell off. However, most of us have already gathered significant amounts of gold and silver. So, we can be patient and if prices go low, we can add again.
What a coincidence. That's when I stacked gold fairly heavily. I still buy gold every quarter but sometimes do 2 buys in 1 quarter and none the next or change it up in some way or other to benefit the stack. Always try to buy the dips when they hang around long enough to be bought. The last dip to $1980 or so did not. It was here and gone with a whoosh! OK, so that leave some dry powder for the next couple of buys. 😀
Only channel i think of promising $1000/Oz of silver is Rons basement, another guy sponsored by Pimbex. You are the only one who talks reality. Thanks again for your videos.
In Ron’s defense, I think he is only covering what other people are saying. I have a few UA-camrs in mind when I say this - Ron isn’t really one I have in mind.
@@silverman5707 Heck, no one knows diddly about the future. Avoid those who claim that they do, as they are often charlatans, thieves, and liars. Best we can do is make some educated guesses with the info we have currently. When that info changes, which it typically does, then our guesses have to take those changes into consideration. The other thing that we can do is to spot market trends and place bets on those trends ahead of other buyers / investors. Doing that often has good results, but this is not guaranteed to work every time because there still will be facts that we do not know.
@@Jrome3 Yes, by historical standards, it IS way too high. But it still leaves me thinking "Is this a new paradigm or a spike in GSR that will return to "normal" at some point?".
@@edb3877 , history suggests a return to a more normal ratio, imo, but we're entering uncharted waters and the central banks love gold so who knows? I'm betting on silver.
@@Jrome3 It very well might do just that. Agree that our charts of these waters are lacking direction. Yes, the CBs do seem to be in love with gold these days but I have to think that this is due to what they know about the current state of the fiat currencies. Betting on silver? So am I and also on gold, which is a Tier 1 asset in the Basil III rules.
I'm selling my gold recently to take advantage of the 15-20% May prices to buy silver. It's almost like arbitraging. Still got alot of gold to hold and trade but not sell for fiat. Have 1 units of gold to 8 units of silver monetarily now, in January it was 1 gold 6 silver. Can't wait til silver ratio goes below 50 or less to then double or triple gold holdings good luck
Still buying both gold and silver. Current ratio is 8 silver to 1 gold. May go to 10 to 1 as silver is still reasonable. If the GSR gets to 40 to 1 or better, I will sell or trade silver and buy more gold.
I've been doing the same but recently been selling gold I got at less than 1800 to buy cheap silver on pullbacks. I was 6 to 1 silver to gold in January but now I'm 8 to 1
Yet another outstanding video BG. I appreciate how you find the way to keep all this info in perspective with regard to historical events in the PM arena. It is WAY to easy lose sight of this when constantly bombarded with emotional hype... well done!
I agree that seeing an all time nominal high is possible and in fact will happen but there's going to be too much downwards pressure to see an inflation adjusted high. If governments held silver like they do gold that might well be a different story. I appreciate not pushing the hype as always. Thank you!
"I appreciate not pushing the hype as always." Agreed. The sky isn't always falling, so no chicken little action here on BGM... and, yes, this is MUCH appreciated.
I really appreciate your view on central banks manipulating Gold by driving the price up through inflating the dollar. I follow Andy Schictman (I know I butchered his last name) and your take tracks with his observations: the BIS (Bank of International Settlements) that is responsible for creating the network between central banks has recently made Gold a tier 1 asset considered equivalent to a reserve currency a status typically held only by the US dollar.
If you look at the hyperinflation of the Weimar Prepubic from 1919 to Nov 1923 a gold mark went from 170 paper marks in1919 to 87,000,000,000,000 in Nov of 1923... AND THEY SAY THAT NOW that we don't need the printing press we have significantly surpassed the inflation generation of that German Mark. ... Only God knows where this kind of hyperinflation will take Silver?????
Silver is more affordable and will do much better than dollars over the long-term, but if you want a real inflation hedge in the long-term, you really need to focus on building up your holdings of Gold. I obviously buy both metals, but Silver has more utility in a future difficult economic circumstance, while Gold has more utility in holding my purchasing power into the future and possibly into my retirement years. I don't look for a return to short-term spikes. I look at the values held over 30 to 50 year time-frames. Anything less than that is going to be increasingly hit or miss. While I do think the GSR will go down at some point to a more normal level between 30 to 60, I don't expect to see them anywhere from 10 to 25. I pay little attention to price in an ultimate sense, since I know the history of the metals, but I do consider it more important to own Gold than it is to own Silver, especially once you've already established a base of somewhere between 500 to 1,000 ounces of Silver. You don't have to stop buying Silver after that point, as I haven't, but I would definitely focus more of my effort on stacking Gold at that point. All of the monetary metals will do better than dollars over time, though the Wealth Storage Density Capacity of Gold & Silver make them the ones most worth holding. It has been said variously that Gold is the money of Kings, Silver the money of gentleman, Nickel the money of the working class, Copper the money of the poor, and debt the money of slaves. Regardless of where the saying came from, I think that is broadly true. I'll choose the money of Kings and gentleman over the money of the working class, the poor, and especially the slave. Keep stacking!
Agree with you 100%, tired of the Silver going to explode videos. It's not period, Silver, dollar for dollar has kept pace with the dollar. Meaning what a dollar could buy when $1 bought $1 of silver is equal to now $1 requires $25 of silver. The dollar is worth 1/25 of what is was in 1965 which is the last time it was $1 for $1. It may at time surge ahead but will not stay that way.
You certainly are reserved in your predictions, but I dig it, there has been so much hyperbole about silver. Have you considered that there was no currency crisis in the 70's/ early 80's, when it went x50? I think it has all the sound monetary properties of gold, + is massively needed in industry. My big question is how much, truly, is readily available to meet demand?
Hello Bald Dude my friend. You know in South East Asia everyone is a gold fanatic and they all seem to ignore silver big time. Sure some have silver necklaces and jewelry, but I never see silver bars. Having nearly 20 kilos of silver bars, I see the gold to silver ratio gap widen this month and it seems the only logical thing to do is in fact hold onto the silver because it can only go up. I just hope 2014 is the year is does so!
Pimbex seems to be more expensive than the other popular online bullion dealers. Why don't you encourage your viewers to shop around to get more for their hard earned money?
Let me start by saying thanks for watching. On the topic of Pimbex prices I have to respectfully disagree. I check prices across multiple sites regularly and Pimbex is consistently low. You are free to do what you want though. Freedom of choice is a pillar of capitalism.
Let me say thanks for responding. Bullion Exchanges for example is cheaper on silver eagle, maple leaf, philharmonic just to name a few. We do thankfully have the freedom of choice to purchase from whomever we want. Maybe consider pointing out other options to your viewers if you want them to get the most for their fiat. Hope you respectfully agree.
I know more and more people who are buying precious metals. At some point, the retail buyers can equal and surpass what the Hunt Brothers in the 1970s. There is no doubt in my mind.
i see silver are the best protection for the low to mid income individuals. People who aren't tech savy to buy bitcoin, or rich enough to buy gold, silver is their best silver bullet against the coming inflation. Worst come to worst, gold could be confisicated and banks don't like competition but i highly doubt silver confiscation to occur. Silver is unique in that it's rare enough to be precious metals but enough tonnage that the gov'ts can't confiscate all the silver,
@@baldguymoneyofficial Would it not be a good idea to start educating the viewers on BTC too? Clearly this is an emerging store of value asset that people, including silver stackers, should get more knowledge on.
I talked about it in my previous video (2 weeks ago). Got a bunch of comments about how Bitcoin is air. People don’t want to learn or understand. They want to repeat others. It’s an uphill battle.
the Hunt brothers are a great example of just one or two indevidauls causing that high value, What I need you to consider today, Is now the rest of the industrialized nations which did not exist back than are going to be buyers also and on a much larger scale than evan the Hunt Brothers, Demand has increased both industrial and will increase far beyond the Hunt Brothers, Evan the M2 money supply supports a much higher demand for silver and gold when the panic starts. Whether your right or I'm right it's a win Win situation either way. So much more to share in which this platform can not support. Happy times and sad times right ahead of us.
There are other channels on here that also give good info, but so far I think yours is the best at explaining it all in a way most people without deep knowledge of economics and investing principles/terminology can actually understand. Thank you!
Silver premium is too high in Singapore. Stacked some silver since 2011. Only until 2024 then most of my bullion silver either just break even, or still at lost after 13 years! Rather disappointed with silver actually. Not sure about USA or other countries. You are right, the premium we buy from is the deciding factor. Silver premium is tooooo high, silver to me, is not the hedge against inflation even after 13 years. Mind you, its only bullion silver bars and coins I am talking about.
I can’t determine any reason why the historic pre fed 1871 silver to gold ratio of 15 to 1 should be different today. Unless the historical mining and industrial quantities of silver and gold are significantly incorrect, the 15 to 1 ratio should still be valid. Without objective evidence of increased silver mining relative to gold these last 150 years, and golds current price of $2150, $140 silver is already baked in the cake. When analyzing silver you must go back to before British bank manipulation which is 1871. Not 2000, not 1980, not 1900, but 1871.
Great content! Very useful presentation using great examples of why and where similar problems exists like Egypt or Turkey or Ukraine. Au is a very reliable political truth detector. It always shows and predicts currency collapse. And anticipating currency collapse is always important and pertinent to saving the middle class - the bedrock of any stable society. AND YOU SHOW HOW TO DO THIS. Thank you and keep up the excellent work! You are appreciated.
Please respond to my question. There is a product called a Goldback….made with gold. Is there a Silverback (not a gorilla), if not why hasn’t it been created. I can’t believe I am the only silver stacker that has posed this concept. Thank you.😊
The silverback was made - it was a limited edition made by the goldback people. They will not make them in large quantities because they will not make enough money from them. The goldback itself is already overpriced - I stay away from them.
I find it odd that people use the 1980s spike in silver as some price that silver should get back to. That spike was caused by VERY unusual and specific circumstances, not market fundamentals. If a billionaire today wanted to take delivery of all available silver at the Comex (similar to what happened in the 80s), then we could compare what might happen, otherwise I think it's a bit of an apples to oranges comparison. Silver is also a different metal today, with a much higher industrial use, so its fundamentals have changed (some would argue in its favour, others against).
hi Bald Guy. Happy to listen to you diving deeper into this topic. Since there are probably new retail stackers & since you can see dozens of articles on the internet, following the trend of new gold hights, would you mind making a video describing the real fundaments of gold/silver for the new ones? What it is, whats the real value, why, comparison to the stocks etc. What other big people think of that (even of they are against).. I mean, you can see the “tests” anywhere, asking how much do you know of gold, since it is this high. All they ask is how much dod the biggest nugget wight and whether gold coins are 3 or 4 thousand years old. I would love to see someone who understands the real fundaments and can distinguish the really important stuff from the fluffy worthless talks.
Thanks for the presentation. A real added value of analytics. One question: you mentioned that gold, not silver, provides yearly adjusted yields after taking into consideration the infltion rates. Could you please elaborate on this? Or at least what numbers are we talking about here?
Bald guy this is Stavros in Florida, hope you r well. I am thinking about selling half a ounce of gold and putting the money into silver, also AOC, she is a total disaster, one of the most radical.
Does anyone see gold falling back quite a bit ? Eventually they will want people to buy more gold just to move it. Other countries are not buying gold and are moving to silver.
History doesn't repeat itself but it tends to always rhyme... I concur with your findings, but I think if we were to compare it to the past it's more like 2006 again... I made a perdition in 2021 that we will see this happen around 2025 - 2026 (using data models I made)... My target is somewhere between 35 - 45.... And 60 - 70 by 2029-2030... But going further into my models it seems like we could see triple digit silver which we all know is hard to predict that far out... then all these numbers could be way different especially if the government keeps on doing what they're doing.. 😂 anyways have a great day thanks for your opinion.. I've been stacking since 2003 on and off... Hope it pays off in the end.. 😎✌️
@@dpirkl4560 lows are set by Previous resistance lvls... But 20 (+/-) is as low as I would think it would go... just to mention the numbers I said above are my bear case... My bull numbers make no sense (we'll the model I use is giving crazy number in my opinion... Like 250 +) I just never mentioned the bull case cuz I'm never the type to be bullish... I learn 20 + years ago to be successful in Commodities and things in the stock market you must remain neutral at all times.. As a software systems engineer (retired).. I just use it he data that is provided publicly but also while trying to figure out what information is manipulation... it's a very daunting task that I've been working on for at least the last decade.. some sectors are easier than others... thought about making a video about it, maybe one day.. Lol
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Bald Guy :
Thanks very much , for your hard work and dedication to this informative piece ! And thanks for
“ keeping it realistic “ without just pleasing itching ears with unrealistic figures …
Question sir ; “ like “ the Hunt brothers who failed in the early 1980’s , why couldn’t the BRICS+ get together and with all of their wealth and resources , pool together a silver cartel ? If we think about the FACTS ( not opinion ) that the physical silver market is relatively small , and they are trying to come up with a commodity based ( their words ) currency - would physical silver not be a grand idea to corner a market that people and humans require ?
Thanks for your thoughts on this , and how much I feel that this would be a no brainer if I were in their shoes .
Peace ☮️
“Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants - but debt is the money of slaves.”
― Norm Franz. I like, stack, hold, buy and sell both metals. My personal stack is 75% gold and 25% silver. Thanks for the video Sir.. Life is good. God Bless
In value or number of oz's?
Wow, that sounds enviable unless your gold stack is the size of a dime. Wish I had the money and foresight to buy gold decades ago.
I'm guessing value in your gold to silver ratio, not weight?
No....lol@@DieLuftwaffel
My stack has been 80% silver and 20% gold. but at this time it’s getting harder to buy gold at the price it is now. Anyone else?
It's true - gold is going up fast. It's why taking advantage of those dips was so darn important. You're doing well though brother - thank you for watching!
I've been recently trading in gold I got for less than 1800 for silver regularlyon dips.....now waiting for gsr to adjust then to double or triple up on gold by arbitrage
Just to note that because something hasn’t happened in your lifetime doesn’t mean it won’t. There are decades where nothing happens and years where decades happen. Especially with gold. If we just get the equivalent price action from 08 to 11 we can expect a 40% increase. However conditions for price movements are now are greater than 08 increasing the importance of holding gold beyond its dollar value.
I am happy to be proven wrong.
Same. Would love to live in a world with a strong and stable currency. Maybe we can go back to a gold standard and enjoy living in a more prosperous time for everyone.
Thanks BGM 😊
Silver only stacker here. I'm a firm believer that owning just about anything durable is much better than cash. If a person had purchased $100,000 worth of nuts and bolts back in 1969 and put them away, they'd have roughly $850,000 worth of nuts and bolts to sell today...lol. We gotta start developing the habits of the super rich. They don't sit on stacks of cash for very long.
"nuts and bolts" -what about rosting proces during this 55 years ? Better invest in vodka, put into wine barrels and kip going in the basement or old mine. After a years 20, 25 or 40 will be very good alcohol. And very expensive also
@@tomaszser470
Yup, that would work too I think.
1969 camaro cost was 3800.00 bucks in 1969. Now sells for 60k.
I can remember when silver was in the $5 range. The dollar’s inflation destroys its value. No reason to keep cash.
@@josephjames259 until the dollar is no longer used i will keep some. Dollar will not be going away anytime soon even know the utube channels keep telling everyone its over with. Scarring people helps with utube videos and they make more money. I will bet anyone the usd will be around past 2030, but i would not bet on the puchasing power.
The only thing cheaper today than it was in 1980.... Silver
Haha yeah - on an anomaly.
😂
Actually, there are a lot of computer components that are a lot cheaper today than they were in 1980. A $4,000
PC back then would be laughably slow today, have minimal drive space, and very restrictive slow memory. A new
$1,000 PC today would be lightyears ahead of that 1980 version.
@@edb3877that’s not a fair comparison. You should compare a „standard office pc“. But the same is for them: you would get a mid priced office pc today for 500-800€. In 1990 it was 3500-5000 DM.
@@MatzeMaulwurf If I knew what a standard office PC was, I would have done so. The problem is, many PCs in a business environment are set up for specific tasks, so
tend to be more than just a terminal with a mouse / keyboard and intranet / internet connections. Working with large spreadsheets or databases would mean that a lot
of memory would be required as would a lot of storage space. Much better graphics would be needed for engineering and software development, etc.
Hello Baldy!! I’m bald also and my stack is as shiny as my bald head😅
same lol
@@buyystocks Same. lol
$50 bills are the new $20 bill so silver hitting $50 seems doable.
IMO, the US$ is the new dime, so a $100 bill would be the new $10 bill. Silver needs a new catalyst and when it arrives we are likely to see silver prices shoot up
to a place we never thought it would. If we see a 40:1 GSR and $2500 gold, then silver should be in the area of low to mid $60s. While this would be good, it
doesn't look to me like the end of the line for rising silver prices. I just hope that I live long enough to see it happen.
$50 is doable purely based on being done a couple times before.
My buying silver is based on me being in my 30s and optimistically believing I could live another 30 years
@anonymous071985 there will be a real money investing trend sooner than later , people will buy tangible assets not meme sh#tcoins
I have been stacking for 30 years now. Bought 2 monster boxes ASE's for $3,250/bx balance of 20K in pre 33 gold. Sitting pretty right now. Buying gold from now on. Keep up the great content.I watch you for level headed sound advice.
Congrats on your stacking and thanks for watching.
It's good you're sitting Pretty and not sitting Ugly!
I really love your common sense approach to Gold and Silver. It’s always spot on. Thanks for all the work you do.
WHEN THE INSIDIOUS JP MORGAN SUPPRESSION EASES!😑😑😑🇺🇲🇺🇲🇺🇲
Finally stackers are seeing why we got into metals. I'm loving it ✌️
How long do you think it will last?
We need groups of likeminded… just having precious metal isn’t enough.
Hello, BGM! The gold vs silver price action right now is making it financially and psychologically challenging to balance my ratio towards 1:40. Nevertheless, I bought a one-ounce AGE this morning. The most I ever paid for a full ounce, but still much less (per ounce) than I have paid for fractional gold before.
Congrats on that latest purchase.
I remember when silver sat at $15 for a long time...must have been about 7 years ago or so. I remember buying 10 ounce bars from Provident for $160. Those were the bars with the Prospector and the mule on them. That bar sells for $300-$350 now because of the design/artwork.
I have been watching them on eBay for about a year now. A guy I know in my area bought 100 of them and he is always asking me what they sell for on eBay. He bought em all for $160 each.@@_outofphase5480
THe highest so far was $379.99 plus $8.60 shipping@@_outofphase5480
That sounds like the Silver Towne prospector bars. I got a few dozen of their 5-oz. bars back then.
Those are Silvertown bars...
Provident Metals Prospector bars@@tikitavi7120
can hardly wait as so much is happening so fast.
IMO, it can only mean much higher silver in the coming months...
It’s gotten to the point where I flat out don’t believe you. I’ve held silver for 30 years. Silver is a gigantic loser. Gold, bitcoin, income property sure. Silver doesn’t even come close. I’ve heard this crap ten thousand times. I hang onto my junk because I like old stuff. Everything else is long gone
That's ok.
The day for silver is coming ….i am sure u did made a profit though not as much as bitcoin coin …
Why didn't you sell in 2011 at $50/oz?
I'm well up on gold. Waiting on silver to realize it's value 😎
I'm waiting for the manipulation to end.
God’s money is Silver and gold. ❤💪✝️
Thank you brother, I’m not letting either Metal leave my hand , family insurance on wealth 🙏🏼🕊️👊🏼
Silver will have its moment pretty soon.
I'd love to see a close above 26 this week or the following week.🤞
@@Jrome3 costco is/was selling silver maples 25 for $625
So far, you're the most sensible PM UA-camr I follow. No hyperbole.
Thanks!
@RockinRonnie6869, I love Bald guy too, but another guy I watch, who is just about always right is Gold Advisor, Christopher Aaron. He predicts future PM value using charts, and is almost always right.Gregory Mannarino is also correct probably 99% of the time. These two guys, and Bald guy are my favorites.
@RockinRonnie6869, I love Bald guy too. I have three guys I watch who are excellent at predicting PM values.Gold Advisor, Christopher Aaron, who uses charts to predict future values, and he is very rarely wrong, and Gregory Mannarino, who is also correct probably 95% of the time. These three guys are about the only people on UA-cam who use 100% logic to predict future values, and thats why they are almost always correct.
I think your $60 price target for silver is very reasonable. And 100% agree that the 1980 high likely won't be reached given the context of what it took to get silver to that price can't happen again. Great video, we live in exciting times for sure!
The rush is on to sell Dollar for Gold and Silver.
Yep, and not just the dollar too. Just look at how many countries are dumping their currencies for gold. Which means silver isn't going to stay around $24 bucks an ounce for long IMO. I'm thinking we'll see silver around $30oz by summer, and looking at this failing economy and how quickly things can 'get out of control', we could see silver MUCH higher by years end.
Fed debts 34 trillion , credit cards debts 1.129 trillion. Government and its people are broke. Fed debts increase by 1 trillion every 100 days.
Good morning Mister Money! I always love your content. Always very pertinent and informative.
Also the BTFP, bank term funding program, ends for many banks tommorow...not good
Please elaborate on that Kenneth. I have never heard of it, as I am sure many others have not either. Thanks!
I always look forward to the level-headed talking points made by Bald Guy Money. The Patreon features even more gems! Much respect 🙏🏾 🫡
Cheers brother! I appreciate that and all the support you have given me.
Excellent video BG. I agree with the whole message. Thanks. I know you are not a fan of platinum, but a lot of what you say about silver applies to Platinum. Once the gold runs up people will flock to cheaper monetary metals and there are only 3 of them. While there is a case for copper as well, I don't think palladium has miningful value outside of automotive use. Silver is at the bottom of real exeter pyramid and if the real panic develops has a potential to go above that 60+ number, but based on TA 60-80$ is the number and I will definitely be happy with that as long as everything else does not quadruple in price. The dollar value is very relative measure, would rather compare it to basket of housing, food and energy. Cheers from Toronto.
As long as silver stays above 23.65 we are bullish. Gold is going to breakout hard and head to 2500 by June.
Good morning Bald Guy from sunny Western Colorado.
Gold economic silver strategic. No longer correlated. But both going up.
GREAT well thought out presentation! It will be another interesting week in the metals! Keep up the good fight
BALD GUT,DO YOU REALIZE THAT A MILLION SECONDS IS 11 DAYS..A TRILLION SECONDS IS 3,700 YEARS ?
Hi! Thanks for watching. Sure, I realize that. Is there anything I should take out from that lesson?
I would sell part of my silver between 40 and 50$, i am not greedy. The famous 50$ in 1980 was a one day wonder.
But who knows? It is nice to dream about triple digits.
Sell for fiat that's not good you should arbitrage your metals and play the trade up game
Thank you!!!! May God's blessing be with you
So I agree with a lot of what you say however one thing to consider your price target at $66 an ounce could be a little bit low. You're right to say The Hunt Brothers situation will probably never repeat itself but the 2011 situation could repeat itself and if that was to happen there should be more money in the system today then there was in 2011 without being said wouldn't a 66 dollar price target be too low making it more like $100. As always great video subscribe and never miss a video. 👍
Thanks for watching.
Agree, way more money now. Depends on if it blows up while markets still bubbled or if the major up period is after a correction
BG - I would like to hear your views on War Nickels - with a higher silver content per $1 face value than other Constitutional silver, why does it get zero love? I have heard the refining difficulty argument, but who is buying it to melt? It seems like a perfect form of currency post dollar collapse for local trade. Your insights would be appreciated. Great job on the videos, BTW!
Not sure. Maybe it’s a liquidity / demand issue.
War nickels are a silver novelty I got about 100 of them but I'm still more interested in 90% coin 3 1000 face bags and 1000's of 999 silver rounds and bars. Gold I have 1 unit to 8 units of silver
Silver hit 50 dollars per oz in 1980. I never ever heard silver getting higher than that.
$50 in 1980 was more like $150 today in terms of the buying power of the US$. Which is *exactly* why people who know this stack PMs.
@edb3877 well, we can say that about alot of things, so 50 dollars it was, we got very close to that about 10 yrs or so ago, I'm not optimistic about seeing 50 dollars again for quite some time. I hope I'm wrong on that though!
Silver was “tamped down” in I believe the 2011, not sure if it was stopped in 1980. Government officials admitted to holding the silver price down.
That is a data point that needs to be tossed out - any real statistician would do that (I have studied and worked in statistics). Thank you for watching!
@@stevelauda5435 There does seem to be quite a gap between these $45-$50 silver prices, for sure, but some just like stacking something beautiful and also somewhat
valuable. I see my silver stack as an asset that very well might come in handy as barter money once the US financial and monetary systems have been sufficiently abused
and there are those out there who are riding this horse pretty hard while using spurs and a whip as it approaches the cliff of financial reality. What they are doing is not
sustainable, so will come to an end at some point if countermeasures are not implemented soon. So far, there hasn't been much interest in limiting government spending
to a level that is sustainable, so the choice is less about spending a bit less and calling it good vs. collapsing the system from wildly excessive government spending.
Politicians simply do not know how to say "No!" to any spending programs that come along. We need a law that takes this out of their hands, probably via some sort of
budgeting that cannot be violated except in times of extreme national survival situations. These situations must be spelled out in the law clearly and other similar
situations should be included as well via inference. We're taking in $4.5T via fees and taxes, yet somehow always seem to spend more than that and usually quite a lot
more than that. This creates inflation that has been bad but that could be a lot worse in the near future. If we do not manage this scaling down of government, it WILL
either consume this nation or result in an epic crash of biblical proportions. I favor the tapering off of spending and it should be evenly divided among all of our people.
It should continue until federal spending is less than federal income. Most of us have to live within our income, and so does the federal government if it is to continue.
Sorry for the rant but this is driving a lot of us our here crazy.
Love your 'no holes bared' approach to pms market and advice. Coming to you from my rural stronghold in New Zealand.
@@_outofphase5480 Freudian slip? lol
@_outofphase5480 you are correct, my mistake
I would agree with you but for a few things. The end of the dollar is closing in. The Bricks nations are introducing a Gold backed monetary system. The US financial system is close to a necessary change. At some point, it appears to me, the Bricks will re-value gold and silver. Like you, I am not stacking to get rich. I am doing so to prevent complete failure in my life. However, when the change comes, those who come out on the other side with real, physical assets, will be much better off than those with no physical assets. Stacking now should be a game changer in the very near future. The stacks from today may indeed become generational wealth. Worse case, I have a stack of metal that retains its value.
Agreed. Not only that but having some silver as barter money very well could increase one's chances of making it to the other side of some very hard times.
Where would you eventually sell your silver when it does reach a very high value, which I do believe will happen. Coin shops and pawn shops only have so much money and when they are flooded with people wanting to sell their $75 dollar silver in mass, they will not be in a position to do that. Do THEY have a channel into which they can sell back the PM's? We have seen shops turn away sellers in the recent past where the retail market has slowed. Your comments welcome. BTW, Good presentation today.
In my opinion, I believe that you will be able to buy land or whatever your end game is just by paying with the metal itself. If shtf people know what real money is. I hope that helps.
Our best ally in this scenario is FOMO. The frenzy will bring crazed buyers, too!
Never sell for fiat sell only enough to live trade your metals up by arbitrage the shops with no money will trade not buy
Bald Guy has no patience, like most of his followers
Haha! Only 16 years stacking and holding. Thank you for watching and commenting.
My 38 yrs buying physical gold and silver and some platinum is paying off ! 3rd generation jeweler ! Physical only no middle men ! Hold it own it ! AGREE 70/30 GOLDS WAY !
I was 13 in 1979 and a coin collector that started metal speculation buying my first 100 oz bar then selling it for $3200.00 missing the top. Now have been doing this metals game like you for 45 yrs and having a blast.
Enjoyed the video.
However there's a very large elephant in the room which few if any consider when discussing silver.
Unlike gold, silver is being consumed and in massive quantities never before seen in history.
While silver has been used "industrially" over a long period it was very seldom consumed. People didn't throw their sterling silver cutlery, their silver jewellery or their 90% silver coins in the trash?
According to the figures I've read, around 50% of mined silver goes towards industrial use which currently has a 21% recycle rate, meaning 39% of the silver mined last year will eventually end up in landfill.
Unless of course that 21% recycle rate drastically improves, but for that to happen the price of silver would itself have to increase dramatically.
Geologists reckon there are around 640,000 Tons of silver remaining in the earths crust, but I'd suspect that all the "low hanging fruit" has already been picked, so I expect that it will become more and more costly to extract silver as the resource shrinks.
So we're in unchartered waters now regarding silver as there's never been a period in history where silver has been consumed like it is presently.
The world might want gold but it doesn't need gold.....but it needs silver, and we're currently throwing it away at a fierce rate.
WE are not running out of silver. What we are running out of is the easy to find and extract silver.
Future silver mining will have to be much more efficient if silver prices are not to rise a lot.
@@edb3877 If we continue the current levels of industrial usage and recycling, we are in practical terms running out of silver. Obviously silver won't just "disappear" from the planet and will still be around in some form, but if 100 tons of garbage has to be shifted in order to access a few ounces of silver it is effectively gone.
Anything which is finite and is being "consumed" will eventually run out, regardless of the efficiency of the mining. Do the math.
In 2022 26,000 tons were mined, 50% of which went to industrial use.
So 13,000 tons used with a current recycle rate of 21% means a loss of 10,300 tons to landfill.
That's per year, and if that rate of usage and recycling were to continue there will be no silver left to mine in 62 years (640,000/ 10,300) and that includes all the most inaccessible silver to mine.
The only way to extend that is to drastically increase the recycling percentage to 50%, 70% 90% and the only way that will happen is if it's financially viable to do so, meaning silver will have to be valued at many multiples of it's current price.
.
@@thewildgoose7467 Agree that this is one of those "if this then that" kinds of things. I'm just thinking that if we consider that almost none of the sea beds have been mined,
only 25% of the Earth's surface is available for mining. In so many applications, silver is used in small amounts and is not yet worth recycling "tons" of junk to extract the few
grams of silver it might contain. Not mentioned is that there is an enormous amount of gold and silver dissolved in the oceans of the world that might possibly be extracted
from the sea water via some sort of solar power ion-exchange resin bed system, which would be concentrated to some level that is compatible with the bed design, the
concentrated liquor pumped to a storage tank, picked up by ships, and taken to a facility for electro-chemical reduction. If that technology doesn't work out, we still have good
old Luna sitting up there in the sky 238,000 miles from Earth with no water covering its surface and plenty of sunlight on one side for powering mining equipment. None of this
will be cheap but it does seem possible in the not too distant future. Much higher silver prices would be the salient concept in this discussion, whatever the reason for its cause.
*I'll hit 100 before silver does*
Hahaha good one.
Aha! A person of faith. 🙂
The time to add gold was 1-3 years ago when silver premiums were nuts. With premiums at 4 year lows, silver is the best buy. But, silver is at risk of selling off if markets have a major sell off. However, most of us have already gathered significant amounts of gold and silver. So, we can be patient and if prices go low, we can add again.
What a coincidence. That's when I stacked gold fairly heavily. I still buy gold every quarter but sometimes do 2 buys in 1 quarter and none the next or change it up in some way or
other to benefit the stack. Always try to buy the dips when they hang around long enough to be bought. The last dip to $1980 or so did not. It was here and gone with a whoosh!
OK, so that leave some dry powder for the next couple of buys. 😀
Only channel i think of promising $1000/Oz of silver is Rons basement, another guy sponsored by Pimbex. You are the only one who talks reality. Thanks again for your videos.
In Ron’s defense, I think he is only covering what other people are saying. I have a few UA-camrs in mind when I say this - Ron isn’t really one I have in mind.
I've seen UA-camrs saying $3000 an ounce coming. IDK about that but I would be a rich mo fo!
Let’s be honest here, when the USD is replaced or if we go into hyperinflation, nobody knows where the silver price is going to end up.
@@silverman5707 Heck, no one knows diddly about the future. Avoid those who claim that they do, as they are often charlatans, thieves, and liars.
Best we can do is make some educated guesses with the info we have currently. When that info changes, which it typically does, then our guesses
have to take those changes into consideration. The other thing that we can do is to spot market trends and place bets on those trends ahead of
other buyers / investors. Doing that often has good results, but this is not guaranteed to work every time because there still will be facts that we do
not know.
I am hesistant to buy any more Gold at these prices and think Silver is the better buy at this time.
I am also watching how things develop right now. I bought heavy on the pullbacks and am very satisfied.
Absolutely, silver is the better buy. The GSR is around 90, way high.
@@Jrome3 Yes, by historical standards, it IS way too high. But it still leaves me thinking
"Is this a new paradigm or a spike in GSR that will return to "normal" at some point?".
@@edb3877 , history suggests a return to a more normal ratio, imo, but we're entering uncharted waters and the central banks love gold so who knows? I'm betting on silver.
@@Jrome3 It very well might do just that. Agree that our charts of these waters are lacking direction. Yes, the CBs do seem to be in love with gold these days but I have to
think that this is due to what they know about the current state of the fiat currencies. Betting on silver? So am I and also on gold, which is a Tier 1 asset in the Basil III rules.
I’m going all in on silver. Selling gold and bitcoin at all time highs and going all in on silver at all time lows compared to everything else
Fingers crossed for you. I am still holding my gold and my Bitcoin.
I'm selling my gold recently to take advantage of the 15-20% May prices to buy silver. It's almost like arbitraging. Still got alot of gold to hold and trade but not sell for fiat. Have 1 units of gold to 8 units of silver monetarily now, in January it was 1 gold 6 silver. Can't wait til silver ratio goes below 50 or less to then double or triple gold holdings good luck
Still buying both gold and silver. Current ratio is 8 silver to 1 gold. May go to 10 to 1 as silver is still reasonable. If the GSR gets to 40 to 1 or better, I will sell or trade silver and buy more gold.
Would love to see the GSR at 40. I think eventually it's going to 10-20 though but that could take several years.
Agreed and this is similar to my plan. Not buying more silver now so that I can concentrate on buying more gold. Already have a large stack of silver.
I've been doing the same but recently been selling gold I got at less than 1800 to buy cheap silver on pullbacks. I was 6 to 1 silver to gold in January but now I'm 8 to 1
@@davidf1031 my comment was on Troy oz., obviously in value my holding are significantly weighted to gold.
Yet another outstanding video BG. I appreciate how you find the way to keep all this info in perspective with regard to historical events in the PM arena. It is WAY to easy lose sight of this when constantly bombarded with emotional hype... well done!
Thank you for the kind comment.
I agree that seeing an all time nominal high is possible and in fact will happen but there's going to be too much downwards pressure to see an inflation adjusted high. If governments held silver like they do gold that might well be a different story. I appreciate not pushing the hype as always. Thank you!
"I appreciate not pushing the hype as always."
Agreed. The sky isn't always falling, so no chicken little action here on BGM... and, yes, this is MUCH appreciated.
I really appreciate your view on central banks manipulating Gold by driving the price up through inflating the dollar. I follow Andy Schictman (I know I butchered his last name) and your take tracks with his observations: the BIS (Bank of International Settlements) that is responsible for creating the network between central banks has recently made Gold a tier 1 asset considered equivalent to a reserve currency a status typically held only by the US dollar.
If you look at the hyperinflation of the Weimar Prepubic from 1919 to Nov 1923 a gold mark went from 170 paper marks in1919 to 87,000,000,000,000 in Nov of 1923... AND THEY SAY THAT NOW that we don't need the printing press we have significantly surpassed the inflation generation of that German Mark. ... Only God knows where this kind of hyperinflation will take Silver?????
Silver is more affordable and will do much better than dollars over the long-term, but if you want a real inflation hedge in the long-term, you really need to focus on building up your holdings of Gold. I obviously buy both metals, but Silver has more utility in a future difficult economic circumstance, while Gold has more utility in holding my purchasing power into the future and possibly into my retirement years. I don't look for a return to short-term spikes. I look at the values held over 30 to 50 year time-frames. Anything less than that is going to be increasingly hit or miss. While I do think the GSR will go down at some point to a more normal level between 30 to 60, I don't expect to see them anywhere from 10 to 25. I pay little attention to price in an ultimate sense, since I know the history of the metals, but I do consider it more important to own Gold than it is to own Silver, especially once you've already established a base of somewhere between 500 to 1,000 ounces of Silver. You don't have to stop buying Silver after that point, as I haven't, but I would definitely focus more of my effort on stacking Gold at that point. All of the monetary metals will do better than dollars over time, though the Wealth Storage Density Capacity of Gold & Silver make them the ones most worth holding. It has been said variously that Gold is the money of Kings, Silver the money of gentleman, Nickel the money of the working class, Copper the money of the poor, and debt the money of slaves. Regardless of where the saying came from, I think that is broadly true. I'll choose the money of Kings and gentleman over the money of the working class, the poor, and especially the slave. Keep stacking!
Agree with you 100%, tired of the Silver going to explode videos. It's not period, Silver, dollar for dollar has kept pace with the dollar. Meaning what a dollar could buy when $1 bought $1 of silver is equal to now $1 requires $25 of silver. The dollar is worth 1/25 of what is was in 1965 which is the last time it was $1 for $1. It may at time surge ahead but will not stay that way.
Thanks for the practical advice on owning gold & silver; without the wild predictions.
You certainly are reserved in your predictions, but I dig it, there has been so much hyperbole about silver. Have you considered that there was no currency crisis in the 70's/ early 80's, when it went x50? I think it has all the sound monetary properties of gold, + is massively needed in industry. My big question is how much, truly, is readily available to meet demand?
Hello Bald Dude my friend. You know in South East Asia everyone is a gold fanatic and they all seem to ignore silver big time. Sure some have silver necklaces and jewelry, but I never see silver bars. Having nearly 20 kilos of silver bars, I see the gold to silver ratio gap widen this month and it seems the only logical thing to do is in fact hold onto the silver because it can only go up. I just hope 2014 is the year is does so!
Pimbex seems to be more expensive than the other popular online bullion dealers. Why don't you encourage your viewers to shop around to get more for their hard earned money?
Let me start by saying thanks for watching. On the topic of Pimbex prices I have to respectfully disagree. I check prices across multiple sites regularly and Pimbex is consistently low. You are free to do what you want though. Freedom of choice is a pillar of capitalism.
Let me say thanks for responding. Bullion Exchanges for example is cheaper on silver eagle, maple leaf, philharmonic just to name a few. We do thankfully have the freedom of choice to purchase from whomever we want. Maybe consider pointing out other options to your viewers if you want them to get the most for their fiat. Hope you respectfully agree.
I know more and more people who are buying precious metals. At some point, the retail buyers can equal and surpass what the Hunt Brothers in the 1970s. There is no doubt in my mind.
how safe it is to buy only digital metal, instead of keeping physical asset? Anytime we may be denied of digital metals...if government wishes so.
I wouldn’t do it. If I go digital, I go with Bitcoin. And I hedge that with real metals.
i see silver are the best protection for the low to mid income individuals. People who aren't tech savy to buy bitcoin, or rich enough to buy gold, silver is their best silver bullet against the coming inflation. Worst come to worst, gold could be confisicated and banks don't like competition but i highly doubt silver confiscation to occur. Silver is unique in that it's rare enough to be precious metals but enough tonnage that the gov'ts can't confiscate all the silver,
Good morning Bald Guy
Hello!
Bitcoin flipped silver sorry you guys are screwed get out while you still can. There is no second best.
I own that too. In fact - you would shocked to know how much.
@@baldguymoneyofficial Would it not be a good idea to start educating the viewers on BTC too? Clearly this is an emerging store of value asset that people, including silver stackers, should get more knowledge on.
I talked about it in my previous video (2 weeks ago). Got a bunch of comments about how Bitcoin is air. People don’t want to learn or understand. They want to repeat others. It’s an uphill battle.
@@baldguymoneyofficial Yes, it is a struggle. As a famous Bitcoiner would say everyone would buy BTC at the price they deserve.
I think this is one of your best analysis ever.
Thank you.
the Hunt brothers are a great example of just one or two indevidauls causing that high value, What I need you to consider today, Is now the rest of the industrialized nations which did not exist back than are going to be buyers also and on a much larger scale than evan the Hunt Brothers, Demand has increased both industrial and will increase far beyond the Hunt Brothers, Evan the M2 money supply supports a much higher demand for silver and gold when the panic starts. Whether your right or I'm right it's a win Win situation either way. So much more to share in which this platform can not support. Happy times and sad times right ahead of us.
Definitely way more money and larger players now. More money in paper assets like etfs if people go to physical assets, moves could be large.
There are other channels on here that also give good info, but so far I think yours is the best at explaining it all in a way most people without deep knowledge of economics and investing principles/terminology can actually understand. Thank you!
Cheers!
Silver's all time high was a result of the Hunt Bros trying to corner the market, so I don't see it matching that anytime soon.
Bald guy is the best! Martha, and love your channel!
Hahaha all the best to Martha!
EXTER'S PYRAMID in action. FOMO will hit the metals market. Just like it did with BTC.
Got Silver? Cheers
Hey Sarge! Thanks for watching.
Silver premium is too high in Singapore. Stacked some silver since 2011. Only until 2024 then most of my bullion silver either just break even, or still at lost after 13 years! Rather disappointed with silver actually. Not sure about USA or other countries. You are right, the premium we buy from is the deciding factor. Silver premium is tooooo high, silver to me, is not the hedge against inflation even after 13 years. Mind you, its only bullion silver bars and coins I am talking about.
Bald guy do different countries set different prices on their gold and silver?
Thanks Bald Guy. Excellent video as always
Thank you kindly.
Bonjour de France. @BaldGuyMoney May you be right...future will tell.
I like the steady growth of gold value as an important component of an off grid portfolio. Keep it relevant and realistic!
Thanks for laying that all out I feel more hopeful about Silver Gold now that it wasn’t a bad investment.
Saudi Arabia is installing ATM's that accept and dispense gold.
They’ve existed in the Middle East for a long time. They started in Dubai.
Just saw yesterday that Costco got into selling silver.
I can’t determine any reason why the historic pre fed 1871 silver to gold ratio of 15 to 1 should be different today. Unless the historical mining and industrial quantities of silver and gold are significantly incorrect, the 15 to 1 ratio should still be valid. Without objective evidence of increased silver mining relative to gold these last 150 years, and golds current price of $2150, $140 silver is already baked in the cake. When analyzing silver you must go back to before British bank manipulation which is 1871. Not 2000, not 1980, not 1900, but 1871.
Hi Mike - the 15 to 1 ratio was an arbitrary government ratio. Clearly the free market (which we should all defer to) values the metals differently.
Great content! Very useful presentation using great examples of why and where similar problems exists like Egypt or Turkey or Ukraine. Au is a very reliable political truth detector. It always shows and predicts currency collapse. And anticipating currency collapse is always important and pertinent to saving the middle class - the bedrock of any stable society. AND YOU SHOW HOW TO DO THIS.
Thank you and keep up the excellent work! You are appreciated.
Thank you so much!!!
Please respond to my question. There is a product called a Goldback….made with gold. Is there a Silverback (not a gorilla), if not why hasn’t it been created. I can’t believe I am the only silver stacker that has posed this concept. Thank you.😊
The silverback was made - it was a limited edition made by the goldback people. They will not make them in large quantities because they will not make enough money from them. The goldback itself is already overpriced - I stay away from them.
I find it odd that people use the 1980s spike in silver as some price that silver should get back to. That spike was caused by VERY unusual and specific circumstances, not market fundamentals. If a billionaire today wanted to take delivery of all available silver at the Comex (similar to what happened in the 80s), then we could compare what might happen, otherwise I think it's a bit of an apples to oranges comparison. Silver is also a different metal today, with a much higher industrial use, so its fundamentals have changed (some would argue in its favour, others against).
I agree. It’s a useless data point.
hi Bald Guy.
Happy to listen to you diving deeper into this topic.
Since there are probably new retail stackers & since you can see dozens of articles on the internet, following the trend of new gold hights, would you mind making a video describing the real fundaments of gold/silver for the new ones? What it is, whats the real value, why, comparison to the stocks etc. What other big people think of that (even of they are against)..
I mean, you can see the “tests” anywhere, asking how much do you know of gold, since it is this high. All they ask is how much dod the biggest nugget wight and whether gold coins are 3 or 4 thousand years old. I would love to see someone who understands the real fundaments and can distinguish the really important stuff from the fluffy worthless talks.
Great question Martin. Let me bookmark this one - I will cover it here on YT or Patreon.
Thanks for the presentation. A real added value of analytics. One question: you mentioned that gold, not silver, provides yearly adjusted yields after taking into consideration the infltion rates. Could you please elaborate on this? Or at least what numbers are we talking about here?
Hey brother! Thanks for watching. This video here should answer your questions: ua-cam.com/video/o3xuJxeOtO0/v-deo.html
love your channel!! always great content!!
I just found your videos. I really like them. Thanks❤
Welcome!
Bald guy this is Stavros in Florida, hope you r well. I am thinking about selling half a ounce of gold and putting the money into silver, also AOC, she is a total disaster, one of the most radical.
Do what you think is right. Thanks for watching!!
Does anyone see gold falling back quite a bit ? Eventually they will want people to buy more gold just to move it. Other countries are not buying gold and are moving to silver.
Hi Michael - I can't agree with that. Central Banks buy gold, not silver. Thank you for watching.
Thank you, BG, for the great content video.
Cheers!
Thank you for this video!
Glad it was helpful!
We need a part 2 to this great video! What’s your gold prediction from your 2021?
This was the video: ua-cam.com/video/O_HP51AFrzw/v-deo.html
Yeah, pump and dump, but true stickers just stack
Producing nations also need to reduce exports of Silver and use it to back their currencies
When you give out percentages of gold/silver to stack is that on dollar value or Ozs???
Ratio is based on weight.
Answers
1. It sucks
2. Nothing will work
3. Never
The man of many profiles.
History doesn't repeat itself but it tends to always rhyme... I concur with your findings, but I think if we were to compare it to the past it's more like 2006 again... I made a perdition in 2021 that we will see this happen around 2025 - 2026 (using data models I made)... My target is somewhere between 35 - 45.... And 60 - 70 by 2029-2030... But going further into my models it seems like we could see triple digit silver which we all know is hard to predict that far out... then all these numbers could be way different especially if the government keeps on doing what they're doing.. 😂 anyways have a great day thanks for your opinion.. I've been stacking since 2003 on and off... Hope it pays off in the end.. 😎✌️
You show high predictions but what about lows.
@@dpirkl4560 lows are set by Previous resistance lvls... But 20 (+/-) is as low as I would think it would go... just to mention the numbers I said above are my bear case... My bull numbers make no sense (we'll the model I use is giving crazy number in my opinion... Like 250 +) I just never mentioned the bull case cuz I'm never the type to be bullish... I learn 20 + years ago to be successful in Commodities and things in the stock market you must remain neutral at all times.. As a software systems engineer (retired).. I just use it he data that is provided publicly but also while trying to figure out what information is manipulation... it's a very daunting task that I've been working on for at least the last decade.. some sectors are easier than others... thought about making a video about it, maybe one day.. Lol
Any day you are off bro. Nice predictions
Does everyone selling gold make silver more valuable? Easy to buy gold currently.
No - but gold price is going up. So somebody is obviously buying gold.
Not just the Hunt Brothers, but Russia invading Afghanistan
Great point that I never considered before.
So, should we buy silver now and wait for the gold price drop a little bit?
Great question - you probably missed the video I did after this one - but I can cover this soon on the channel.