Is Silver Going Back Above $30 & Beyond?
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- Опубліковано 29 вер 2024
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In this video I talk about:
- Silver closing above a key resistance level for the first time in 11 years!
- What I expect silver to do over the next couple week as it tries to get above the $30 per ounce level.
- Why I think silver still has lots of room to run (historic indicators).
- What I think the catalyst to send silver much higher will be.
- I answer a viewer question on the topic of a pullback after the blow off top for metals.
Be sure to watch to the very end because it is full of useful information.
None of this advice - I am not a financial advisor - this is educational material!
Links To Data Sources:
Gold Price History
www.macrotrend...
Silver Price History
www.macrotrend...
Top 10 Asset List
companiesmarke...
Russian Confiscation Article
www.nbcnews.co...
TLT Chart
www.tradingvie...
Fear & Greed Index
edition.cnn.co...
#silver #silverprice #silverstacking
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Thanks Bald 👩🏻🦲 guy ‼️
👉🏻💎💎💎 🥈🥇
What a dork. You’re late to the show. Hope this isn’t your day job. All this is common sense
This channel is for entertainment purposes only. It’s a scam. This guy is fake news
BALD GUY, you are the most realistic silver /gold analyst out there. You're talking about $30 silver, and the video next in the UA-cam line has silver at $500 and another at $700. Don't get me wrong; I love silver and want to see a price appreciation, but it's great to get a narrative that is not a fairy tale dream scenario. Thanks.
Don’t stack silver to trade back into the failing fiat system. Buy property or convert it into Gold when the GSR corrects.
Imagine the price of industrial silver related products and the downstream effects of $500 silver. A rocket from $30 to $500 would overwhelm the industry & the resulting effects would not be good for anyone. Rapid but more modest growth is sensible while still allowing stackers to increase and preserve wealth.
@@joshuakelleher-bw5dgwhat do you think a gsr correct will be to be able to convert to gold and will that happen in our life time,we always hear gold and silver to the moon predictions
@@royharris7135I’ve heard extremes as much as 10 ounces of gold will buy you an ounce of silver. I think realistically if it hits 30:1 GSR then I’d start converting. Now that could mean one of two things, or a combination of both. Gold is overpriced or silver is underpriced. I believe it’s more of the latter. Despite Gold being at it’s all time high, I think it will only continue to go up with the death of the dollar. If the price manipulation from JP Morgan ends then we’ll see true price discovery in our lifetime. I think they’re manipulating silver more and allowing Gold to increase more because the average person can only typically afford silver while the elites can afford Gold.
silj is a good play with along term call option
They really hammered the metals on Monday 4/22 . The DJIA is up
They sure did! Tons of people shifting paper profits into beaten down stocks. A swing trade.
Thanks BGM
love to see your content.
Glad you enjoy it!
Is ETF or ETC physical silver safe or if there is a squeeze on delivery for physical is it best in actual physical form??
Will answer you in my next video :)
@@baldguymoneyofficial thank you, since that comment I've purchased 70oz of physical silver, so it shows how informative your channel is, great work!
There is an old 5min video how silver is mined and manufactured on YT. The amount of time, energy, water & chemicals required really opens your eyes to how cheap silver is and has been!
Yes, it takes a lot of Energy to mine silver or gold !
@@markbarnaart2381not to mention political risks.
@@markbarnaart2381 and BitCoin 🤣🤣🤣
The price of silver is not realistic. Its influenced by the same mentality the stock market and banker hucksters trick folks with fear and FOMO emotions.
10% of world energy needs is required for the whole mining industry
Good morning! Wonderful update. I purchased 40 oz. of Eagles on Friday feeling the same way. It is still a screaming buy.
Silver to $35 next with high of $38 and low of $32. All this on inflation alone...Current price is due to inflation and still too low...
I'm with you Bald Guy. I'm going to use my silver to pay off my home
Me too brother
It will be very tempting; hmm pay of house or eat on a regular basis..decisions, decisions..decisions!
@johnnew7707 A paid off house will make it easier to eat. BTW, both times that silver has hit 50 dollars food was cheaper than it is now
I think we could see $ 27 silver before we break $30. Can we rub your head for good luck?
You hit that on the head!
Bald guy and Rafi Farber would make for a great conversation
How about salivate metal and Mario of Maneco 64?…
With Jeffrey Cristian 😮
💯
I look very much forward to more content from you Bald Guy!!!!!
It's coming.
Buy silver slow and steady! The turtle wins the race 🏁!
Nice job bald guy. My dad had 5 bags ($1000 fv) of junk silver back in the mid 70’s. Back when no one talked about pm investing at all (well, maybe a couple old timers like Jim StClair). My dad always talked about an exit point and was thinking about the next investment. He got 4 bags sold north of $25-30 and held on to 1. Overall a great return. I always chuckle at the stackers who say they will never sell😅. (Side note; those were the days when you could walk into most banks and sell your pre 64 coins). Probably before most people here were even born
In 44BC a Roman Soldier earned approx 225 denarius per year (225d/yr x 0.137 oz/d x 97% pure = 30 oz Ag/yr). So say a soldiers salary is $30,000/yr today ÷ 30 oz/yr = $1,000/oz. Have to factor in modern mining methods, cheap energy, silver lost to the trash......but.....Silver at its current price seems under priced based on history.
You only sell at retirement 😉
That’s great news Bald Guy that you’re going full time on your channel! I will definitely be watching daily. Thanks! 👍🏽
Thank you!
Greatings from Germany
Silver will massiv go up, because I took a look at a german UA-cam expert like you, who explained, that the Chineese government told their people to buy silvver…! Let this sink in….! 1400000000 people which are told to buy silver….!!! If this happens, the price will go up like a bomb…!
Also china is buying massive amounts of silver under cover of producing massive amounts of solar panels and EV's. Janet Yellen just went to china to tell them to stop buying so much silver. Because it is the achilles heel of u.s. banking. Luckily the chinese told her to get lost, your the ones promoting this fake green agenda.
Those philharmonic coins are beautiful 🤩 good for you!
And in all 3 colors !
Regarding real estate, one thing to keep in mind is that squatting seems to be a progressive trend which may reduce the desirability of owning property.
That said, Bald Guy, that was another EXCELLENT video and analysis. It feels like someone showed me the answers before a test. Very much looking forward to more content. This was the first mistake I ever heard from you about better content-I can't imagine how that's possible. Thanks for keeping us all so much better informed than the rest!
Agreed about realty.
Additionally, the ability for it to be taxed exponentially is also a huge factor.
Not much of a risk if you invest in the right states.
I would have thought the price of real estate would deter home buying or renting.
In the Roman republic an ounce of silver per week was a good middle class or professional income for soldiers and tradesmen. Given the 3 years pay rule 156 troy ounces of silver is the proper maximum average home price. Therefore the silver price ought to be home price / 156 troy ounces of silver at a minimum.
Different this time... watch, GOD SAYS SILVER
$30 silver would still be historically cheap. The excitement starts when the $50 ATH gets taken out.
In 44BC a Roman Soldier earned approx 225 denarius per year (225d/yr x 0.137 oz/d x 97% pure = 30 oz Ag/yr). So say a soldiers salary is $30,000/yr today ÷ 30 oz/yr = $1,000/oz. Have to factor in modern mining methods, cheap energy, silver lost to the trash......but.....Silver at its current price seems under priced based on history.
Re: silver, gold, brass, real estate, cash, bitcoin, Wall Street. Best to have a basket for each category, even if the basket is small. *No* one has a lock on what the future holds.
Someone does.......read your bible!
Well put.
What happens if 10% of the Chinese people try to buy 10 to 50 ounces of Silver bullion each?
Ufffff... the price will soar. Would have to do the math though.
Bald guy, I disagree on the pullback because we're going to see something we haven't experienced since the after WW2. A currency loosing world reserve status, in other words the US dollar is going down precipitously and metals can only go up.
Ok. Let’s see.
Thanks for sharing your thoughts.
Totally agree with the reserve currency angle. We are going to see lots of movement in Ag, including "pull backs" on the slingshot as it rockets higher. The dollar is going to zero. It will take a couple more years, or maybe sooner if we get blown to Kingdom come...
Perfect, Just Perfect......👍👍👍👍👍
First time seeing your content. Probably the most grounded insight I've seen regarding silver. Really well presented. ✌️
Thanks. I hope you’ll watch a few other videos. You’ll see that it’s much of the same. Realistic and to the point.
In Gold we trust $8000 coming
For a 1/20th oz Libertad..
Bald Guy, can you explain how to sell our metals if for example gold goes to $24,000.
I shake my head everytime I hear this question. Why would you want to sell 24,000 an oz gold back into fake collapsing fiant currency ? Gold is money. At that price, buy a house with it, or a car, or land, or any valuable commodity.
Silver above $30 ? Yes, it will break other ceiling’s previously achieved. Gold going to $3000 will push silver to newer values. Gold higher will equate to silver higher. $50 is perfectly feasible.
100%
The pullbacks are resulting in great losses for the manipulators and will soon have to stop. Don't you sell a single ounce!!!
Lol if u we’re waiting for Harry Dents $800 gold prediction your hating Harry Dent now. Bald guy is much more accurate
Thanks for that compliment.
Harry Dent is almost always 100 per cent wrong
If silver was $100 an ounce I still wouldn’t sell it
Great start to my Sunday morning, BGM and hot cup of black coffee.
Cheers!
Let’s go! It’s about time.
Silver was $35/oz in 1980. Adjusted for inflation or deflation of the fiat currency, silver should trade around $132/oz. Before that happens though, a nasty recession is in the cards which will send gold/silver prices tumbling. I think we will see close to $10K/Silver Eagle Monster Box (500 coins) one more time toward the end of this year or early next year. I am planning to sell my gold soon and buy back in silver.
Interesting. Well they are doing their best smoke and mirror routine to avoid anything before the election.
Screw the correction.... it should be gold and silver to the moon and beyond !!!!!
Yeah - but we are seeing a bounce already this morning.
was thinking of a one bed room condo under 500k in toronto prices coming down finally houses scare me its tough too expensive and alot of up keep
Don’t rush into real estate - put a plan together and then confirm if it’s what you want to do.
Just found your channel and listened to your advice and reasonings.
I think you have the best and clearest reasoning and presentation on the metals UA-cam format.
Keep up the style and simplicity and congratulations on going full time, but remember to keep it real and facts based.
I am in Australia and will now subscribe to your posts
Cheers mate! Love the land of Oz! I e got many viewers from there who are struggling to protect their wealth from inflation. I also like Cam Smith very much. All the best.
Good show as always. My question would be is it better to hold the physical silver or too hold stocks of silver like SLVO, SLVR, and SLV?
The reason why I ask this question because I don’t see the dollar becoming like Weimar Republic Marks, or the Zimbabwe dollar anytime soon. So with stocks it’s just easier to sell then physical silver. Truly I own both physical and stocks of silver.
Bald Guy & Andy Schectman are the best analysts out there. Thank you for your perspective on Silver
Cheers!
Do you think all of these Paper contracts have Physical Silver backing them up?
No way! They do not.
Agree with the baldy, but there will be no pullback, $65 Silver , $3000 Gold this year 😜
We’re seeing things soften a bit as traders sell off paper and pivot into risk on. Still lots of time till the end of the year.
Not a lot of Silver in the LBMA or COMEX vaults with continued arbitration to Shanghai 🧐
My Brother Baldy, How about SOLAR SILVER 500 Million oz are needed this yr just in CHINA and Im Not including INDIA . SOLAR SILVER Paste is Only 9999 so Obtain Only 9999 SILVER
Bald guy. What is the best way to sell off precious metals? If i want to use my metals to purchase real estate, how do i sell?
Depending on where you are, you may want to consider borrowing against the metals as to not trigger any capital gains (if that applies to you and your stack). Otherwise there are plenty of dealers ready to buy your metals at basically any time.
Good video. I too bought Philharmonics last week - 25 of them. The week before I bought 25 silver Krugerrands. I may hold off this week, but I will take a look Monday. (It is Sunday night as I type this.) Happy travels!
Good thing we waited :)
Yo BG have an incredible day!
❤ SILVER & GOLD ❤......🤩🤩 RUN BABY RUN 🤩🤩
I already can’t wait for the next video in a week…
For the youtube algorithm... 😎✌️.... #DCAandCHILL
Thank you!
@@baldguymoneyofficial anytime boss😎✌️
If you've answered this question before, my apologies. During a dollar collapse/ reset what happens to money that is in 401k’s and pensions?
Will it the same as what's in the banks, just gone?
REALITY is corrections
100%
On Friday I paid $80 for one ounce of silver. It is a rare vintage bar that I have always wanted. Usually they are $200 plus when they show up on eBay and I scored it for $80. Its a 1975 "Death Valley Mint" with depiction of D.B. Cooper jumping from the jet that he just highjacked. I have my "silver stacK" about where I want it to be, now I have switched to vintage silver one ounce art bars from the 1970's, 1980's Engelhard Prospectors, and vintage 70's/80's rounds.
Silver prices are not set by free market traders. They are set by the infinite pocket manipulators who can and do sell short without limit. Until they are taken out, silver will never make a big move.
Thank you BGM. This is the exact information I was hoping for now.
Glad it was helpful!
I don’t know about US but buying silver in Europe is pointless. Price of 1oz silver American Eagle is €52 ($54). Buy back price is half that. Then I have to pay capital gains on any profits. Absolutely ridiculous.
It depends where you buy it. I buy in Poland and the prices are ok.
I used to buy in Poland and you’re right, premiums when selling are not as bad. In Ireland where I’m currently based prices are outrageous (bullion by post).
If there's a stock market crash, will it also take down the price of gold and silver this time?
Great question - it won't be exactly the same as in 2008 this time. i have a full video about it on my Patreon.
Bald guy, Stavros in Florida says hope u r feeling good and better. Now I continue to buy a little bit at a time of metals. But I think we will see gains right after us elections, which is only about 7 months out. It will not matter who is elected markets will have big drops and more will then want metals. At most we're 7 months out if not sooner.
Hello Mr Bald Guy ☀️
My precious silver is shining today
Welcome aboard y'all. Hit the "like" button upon entry
Thank you Timothy!
If the dollar is screwed, owning physical gold and silver make so much sense for so many reasons
You might be better off pulling cash off those credit cards and buying metals.... At this point people are going to default anyway. May as well go out with something in your pocket. At some point selling metals is the whole idea, If you can pay off a house, or buy a house with your metals you're ahead of the game.
I agree with your plan. I'm holding mostly silver, looking to swing it into gold when the G/S ration gets down around 20, then I'll switch gold to real estate or dividend paying stocks when the DOW/Gold ration gets close to 1:1. What is your expectation for TLT? Did I miss your prediction? I'm assuming the bond rescue means the FED will drop rates. Thanks.
Things happen faster than they did 20 years ago. At least in the retail market. Facebook, Twitter (X) weren’t around to spread news and share information instantaneously. People are more aware these days
Nothing wrong with using silver or gold to buy property. Property is just as valuable or more in my opinion. Sure they will try to wage higher taxes on people but it can only go so high before people break. I personally think we are at that point. At least in my area property taxes are so high people will have to start selling due to the price. Don’t know who will buy anything yet though.
Nothing wrong with real estate investment. I just bought 21 eagles yesterday after work. At my local LCS
Cheers!
150 plus silver by 2027, I think that's realistic
I would like that.
SILVER Institute Numbers are a Lie and THEY are shorting SILVER ...THEY Should be in Jail....
Why in jail?
Thank you! Hold it and cost average!
The silver experts claimed $25/oz was the threshold before things really take off a few years ago. We're now solidly above $25 but no take off. Now we're ending April and without fail the pm's are dropping off. Until we run out of metals or Asia purchases enough, the pm's will never grow at a rapid rate. They don't even really keep up with inflation. Manipulation is strong. I typically purchase on pullbacks. Looks like I'll be adding more. Maybe next year?
I see this as a pivot of paper profits into riskier beaten down assets after last week’s sell off. Nothing to worry about. Long-term trends remain in tact.
After a careful reassessment of what I have, I realize that I don’t need to stack as much as I use to anymore but at the same time I do love stacking so I’m only going purchase rounds and maybe 5 ounce bars here and there. I’m concentrating on stacking cash for now. I’ll have to fight those urges to buy more😂
This time may be different.. gold probably makes higher highs and lower lows
I think you are more realistic than some of other sites. Ultimately it may need an actual silver shortage to make it move a lot. I’d like it to move as I have 130kg sitting around. I have done ok as the Australian dollar has moved down and the exchange rate has been in my favour to the tune of $14 au an oz since I bought it.
Why does everybody now spend 1/3 of their video talking about what they’re going to talk about?🙄. Just spit it out.
Thanks for watching. Please allow me to set the table for the discussion. I make important points in there.
I really enjoy your content mate. Agree with your analysis - did you know that up until 1920, the british pund stirling gave you 3.33 troy ounces of pure silver in your hand? That's about 3.33x£23.25 at close of play Fri last. So the QE cycle as the banks pop off, accelarates that devaluation effect regardless of where the blow off top is, implying a rather less drastic than -71% drop past peak. (As measured in Fiat - I wonder about housing?). Good news regarding you increasing YT focus and output. All the best, Chris
Thanks Chris!! That’s really kind of you to say and thanks for the interesting comment. I think it could also be less drastic vs. housing but requires more research from my side.
Money will rush at silver in time, maybe it’s close? Will get into uncharted territory. There is a lot more people and currency and debt and there’s few alternatives. Businesses, real estate, PM’s. Probably be several years to play out but easy to imagine there will be a major revaluation. Triple digit or more?
Triple digits is something I’d like to see, but do not expect.
Dude, your channel will get demonetized and shadow banned as soon as silver is north of $50 you realize that right?
I don’t agree with that.
My LCS has been flooded with back date Maple Leafs and is selling them for $31/ea., I picked up a tube.
Awesome!
BGM, I said many times in this comment section: "We will see FOMO". When silver hits $50...there will be no turning back.
Time shall tell...LOL Cheers
100%! Cheers.
Maybe n another thousand years your silver will b worth $50 lol, until then I wouldn’t trade u a single round of ammo for all your shiny rocks
Ok.
Ball guy money. Good luck on your full-time job on UA-cam. I know you are going to do very well my friend.
Thank you!!
Bald Guy, would like to hear your thoughts on when (or if) the miners are going to start picking up.
Miners are up about 25-28% in the last few months... those of us in BG's Patreon started buying about 4-5 months ago.
I have to echo what Rick said - my Patreon members were mostly early to the trade.
@@baldguymoneyofficial Thanks, Bald Guy. I was very early to the trade (2022), and wondering when they might come back up. Looks like it has already started to happen.
An overlooked consideration for your analysis of the future silver price. Post 2011 the synthetic paper market was still in control of the COMEX price fixing system. What is driving the spot price of silver today is the control of the spot price is moving to Asia instead of New York. The intrinsic industrial and monetary values will be controlling factors. By keeping the price suppressed for so long the silver production is not meeting yearly demand. Fear will drive the silver price beyond $50 into triple digits but the historical pullbacks you reference will be greatly reduced. The COMEX losing paper price control will be a completely different silver market in the future. When 1.4 Billion Chinese investors start buying silver beads it will be a different environment.
Nice comment - I appreciate it.
In 44BC a Roman Soldier earned approx 225 denarius per year (225d/yr x 0.137 oz/d x 97% pure = 30 oz Ag/yr). So say a soldiers salary is $30,000/yr today ÷ 30 oz/yr = $1,000/oz. Have to factor in modern mining methods, cheap energy, silver lost to the trash......but.....Silver at its current price seems under priced based on history.
I did a video with a slightly different take on this. I recommend it.
Bald Guy, i greatly appreciated hearing your thoughts and you have given me peace of mind in my personal life plan concerning metals 😊 thanks much 🍻
Cheers!
If precious metals greatly increase in value, will that mean it’s due to hyperinflation or not necessarily?
There are many reasons they could go up - but I assume it will be a sign of rapidly devaluing currency - doesn't have to be hyperinflation though. That term gets thrown around too much.
Imagine CPI calculator meant anything in the price.
Despite all the hype, dealers have supply, and premiums are low.
Yes, but premiums have gone up.
Big difference between now and 2011 is the industrial demand (aerospace, solar, electronics, EV's batteries) is way more than back then. Silver will go back down but not nearly as much as it did in 2011-12
Agreed.
Sparkle differently in the crypto world when you have the Hypeloot token
No thank you. BTC for me please.
I completely agree. I understand the concerns that we could repeat 2011. A lot of folks who purchased metals were pretty disappointed in how they came back down after the peak. The thing to remember is this isn't 2011 and it won't have the same driving the price of metals. Thanks for everything, Bald Guy!
Cheers! Thanks for always watching an commenting.
Another drive by shooting in the gold and silver market.... This has to end!
Yeah - but I said to be patient and pick points. We had to know this was coming.
Dropped 5% here in australia at the opening of the market on Monday morning.
Yes! I am watching the market opening too. It is bouncing down off the 11-year high close. Nothing to be concerned about.
“Emperor has no clothes”
I'm heavily positioned in silver around a 21.50 average for most of my stack ....at most 23.50 for my eagles and constitutional silver ....I stopped buying after prices went up
I too will use Metals to purchase real estate in the near future as we move towards price discovery
What goes up must come down . Spinning wheels goes round and round . You will find peace of mind by NOT staring at the daily prices . Stack only what you can afford . Go outside and play in the sunshine 🌞.
Yes!! Watching the daily price is unhealthy.
Now your answer and all of your post are golden! Thanks for everything! I don't know if the Fed will lower its rates and print money, but if it does I expect the US dollar to tank which would bring more inflation and a mad run on precious metals.
I’m so glad you saw it!!
I like how bonds and housing are brought into the discussion, but your reference to paper contracts corralling the silver price begs the question, when will the paper market lose that almighty control? Til then it's all just noise.
I don't think we can count on that happening very soon, but it is not the ultimate determinant of what direction prices are moving in. They only exaggerated these short-term pullbacks.
Great Video BG, be safe in your Travels...
Needs to clear $30 and hold there for at least a few weeks before we can be sure the old trading range has been left behind.
Agree 100% - may take a little longer. Buy the bounces off of thirty is what I think the way to play this is.