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Blame is on Congress and every administration that started wars and printed money that has guaranteed bankruptcy or hyperinflation.. The FED only kicks the can to allow us more time before the greatest depression ever comes along.
Make chinsese candidate as a new president for AMERICA .ENGLAND GIVEN OPPORTUNITY FOR INDIAN...Then world is in peace only when dragon becomes president of America
Great video. Thanks! I encourage you to get rid of the numbers after your YT handle. Go into your settings and adjust it before it is too late. YT added numbers to everyones handle to combat squatters but you can change it back.
Can you also do a video on the fundamentals of the base metal copper? Because, silver is aggressively and obviously suppressed, but copper, a powerhouse is talked about less as if it doesn’t even exist.
My advisor pointed out that while rate cuts may boost equities in the short term, they can also lead to increased market volatility and uncertainty in the long term
Good analysis again. 20% crash in gold price is far more feasible than the 43% crash in gold price I modeled after the 2012-2015 drop. My main point was that even if we see a price crash, the longer term story has always been growth. We see ups/downs presented as violent shifts in trend when it’s simple volatility. Cheers!
Absolutely - except for the 90s - tough time for gold stackers - but they were rewarded in the end. I appreciate what you do man and I hope all of my viewers go to your channel and watch your videos.
Make chinsese candidate as a new president for AMERICA .ENGLAND GIVEN OPPORTUNITY FOR INDIAN...Then world is in peace only when dragon becomes president of America
I am into silver for jewelry-making. The precious metal has gotten around 20~30% more expensive in April, 2024. It's almost impossible to have a rollback in prices. With people grabbing on the much-sought after hand-carved or antique blackened Chinese silver, there is only a limited supply left. Silver in jewerly will not get any cheaper. Unlike gold, the beautiful art pieces are not likely going to be melted or recycled. Furthermore, there is apparently a lower supply of silver than gold. With the computer industry's high demand for silver, the commodity will not lose its value in the long run.
Agree 2 years ago I bought a Tiffany and Co sterling silver necklace for $480 now when I checked again on the T & Co website the same necklace shoots up to $640!! Holy guacamole! Ridiculous!
Make chinsese candidate as a new president for AMERICA .ENGLAND GIVEN OPPORTUNITY FOR INDIAN...Then world is in peace only when dragon becomes president of America
Hmmmmm, between the coming interest rate drop, dismal economic projections, and upcoming US elections, i'm SURE it's going to be a VERY interesting time for PM's!!! HOLD ON everyone!!
good show. I'm thinking gold could go to $2900 to $3000 in the next two months. Because gold ran up $400 an ounce in 2007 when fed cut rates. Then pull back to around $2500 when the market sells off? Then up to around $6000 in the two years after that. We shall see.
I always appreciate the no hype and no nonsense analysis. Unlike some I'm looking forward to a price pull back in gold. I've been keeping my buying to a slow trickle and I'd like to be able to afford more. Thanks as always, Bald Guy!
Great video (what else is new?). I like the way you reference Gareth Soloway, not to mention credit him with the "scene of the crime" phraseology. This is all very helpful as I plan ahead, both short and long term.
Gareth does solid work. I don't know him personally and sometimes we disagree - but I think he is a rational and reasonable guy. Thanks for the kind words and for watching.
Gold is set to rise significantly, potentially reaching $3000. Silver, too, is on an upward trajectory and could hit $50, though this may not happen until 2025. I anticipate a major market crash in 2025, likely more severe than the Global Financial Crisis but not as dire as the Great Depression. In this scenario, I'm considering a potential 50% drop in silver and a 33% drop in gold, similar to the mid-cycle corrections seen in 2008. Therefore, silver might reach $50 before falling to around $25, or even $22. Gold could climb to $3000 and then drop back to about $2000, possibly around $2167. Following this correction, expect both gold and silver to surge dramatically. I foresee gold reaching $4000 and silver potentially hitting $80. The market crash could happen a lot sooner than we think. They have the ability to kick the can down the road if they want or bring things to ahead a lot quicker which has a lot to do with politics.
Bald Guy - you are amazing and I want to subscribe, but at 77, I need some Econ 101 to keep up with you! OK, I have seen all the videos claiming Silver is going to $50/oz, 100/oz, 300/oz and more... just ask Bob Kiyosaki! Gold is going to go through the roof too! So let me ask a question that no one seems to have a definitive answer; What do we do with our silver and/or gold if it takes off and reaches these values? Take it to a coin shop? Nope, the coin shops will likely shut their doors with all the people wanting to "cash-in". Banks? Can we use the Gold or Silver to pay off our homes? Nope. Grocery or department stores? Nope - as an oz. will most likely be too high for them to deal with and SHTF hasn't hit us just yet!. So, could someone please tell me how we benefit from Gold and Silver going to "the Moon" in value? BTW, if we do have a totally SHTF, I do have small amounts of Silver to handle small transaction... just asking about the supposed Big Event! Please explain somebody... why are we spending so much on precious metals? ... how do we use them to protect our "wealth" as it's advertised by the big Gold/Silver companies! Just askin!!
That's dumb to say! Gold is always going up. If you don't buy now, then you'll say the same thing next year when gold is around 3,000 and silver at 50.00 or more. You always keep buying because it always goes up
I always look forward to your videos. I, too, subscribe to the 2 is 1 channel. Actually, your channel and his were among the very few that I recommended to my daughter (who recently made her first PM purchase) to follow.
For commodities such as Gold and Silver, I only listen to you! Thank you for the detailed analysis and indeed your analysis coincide with another very famous analyst, Avi Gilburt on a massive multi-year bull run of Gold and Silver.
Another fantastic video. I know I have said it before but it very refreshing to have educated opinions and not the emotional the world going to end scenario.
Hey BGM! Loving the volatility of the silver market right now and planning to take advantage of it. Although I consider myself reasonably savvy on how money and the economy works, I have a real blind spot when it comes to premiums. Yesterday I was perusing my favorite online dealer for deals on the 10 ounce bars I like, and I noticed the spread between their "sell to us price" vs. my purchase price was $6-$7 an ounce. Would love to see you do an episode sometime on how premiums are calculated, and whether my feelings that they seem to be a tad high should be justified. Love your content!
No one wants to hear bad news...but to everyone who does, they prepare for such possibilities and are less prone to panic when SHTF and more likely to survive/thrive during such times.
100%!!! How many mean comments I got when Silver hit the 200-day moving average at $26.50. If they couldn't handle that - they will not like the big crash.
Thank you for perspectives on how to look at PMs in the event of a deflationary collapse. Long term, after $50 top, silver collapsed to under $5 did not touch $50 for another 40+ years then the value more than halved again. It seems like silver spikes only to crash? My question: What are the most probabilistic conditions that favor silver to go up and stay up?
I find myself not caring about the price of gold or silver. I watch channels like yours for enjoyment and educational purposes but I often wonder how venerable of a position people leave themselves when they're stressing out over every dip. These are hard assets they're not going to stay down forever its just a matter of patience.
For that youtube algorithm 👍 #DCAandCHILL Sup bald guy... Hope you are well.. Thanks for the update.. your time and your point of view.... Dependable news and evaluations as always 😎✌️
I don't look at any one place to shop. My Local dealer beat nearly everyone on a quarter ounce gold eagle a few months back. But their silver is somewhat high premium. Bullionmax, Monument metals, BGASC, liberty coins.... I really could go on. SD Bullion tends to be on the high side often. As does Apmex and JM Bullion. But they do have deals every now and again that makes me keep their emails coming.
i concur with Bald guy and purchased 2 more pre 33 1 oz coins yesterday , the last purchase was at $2300 dip and most of my stack is from Oct 23 at $1900/OZ
I as well am planning to sell 25%-50% of my gold mining stocks as gold reaches $2750 for a projected 50%+ gain from the bottom where I bought them. Then I will buy back CEF physical gold/silver ETF on any market crash event that pulls down metal prices and ride the eventual rocket launch to $8,000 gold in the coming years. Well, that's my plan anyway to try and take advantage of the eventual market crash event coming. Good luck Bald Guy fans!
@@loupugliese4576. That’s why I have physical in my possession as well but at a certain point and ounce count having everything in one location becomes extremely risky. But yes in that situation I’m fully prepared with a large hoard.
Gold may drop 5% max, then skyrocket very shortly afterwards, because back in the 2008 crash gold wasn’t a tier one asset like it is now, China, Russia and India weren’t buying and the central banks weren’t stock piling gold. Gold will be rock steady in a volatile world.
BG - another rational presentation - thank you. Did see today via Andy Schectman that the BRICS President announced their new currency would be backed by 40% gold.
I haven’t seen that. For me, BRICS is another government entity. I don’t think governments are efficient or to be trusted, so I don’t make much of the BRICS story here. Thanks for watching - wishing you a great day!!
I've heard that people involved in the carry trade will buy Anerican bonds, then borrow on the bonds and invest in other assets, then borrow on those assets to buy other assets. If I have this correct these investors are actually borrowing on the original investment several times (derivatives). Do I understand that correctly?
I keep an eye on the Gold/Silver ratio when buying. If it dips to 75 or lower buy Gold. If it goes over 90 plus buy silver (depending on volitivity of the markets). But you can't sit on your hands, because that last 73 dip didn't last very long. You could even sell silver to buy gold at the right time if your stacking ratio need adjusting. Also, if you do have money in the markets, I'd rather have a correction like we did two weeks ago than it constantly getting higher. You'll always suffer a large fall back when you don't have the corrections like we had.
🙏 I have been planning for the next 1-2 years just as you are. Makes logical sense. (Rise, dip and another rise). However, the geopolitical mess that we are experiencing currently may be impossible to fix and when that becomes visible to even those who are not paying attention, there may be out of control panic buying with larger gains. Down side is that we may not like the world we are living in. 😉
I would love to hear your thoughts on how to play these price targets if your home currency is something other than USD (say CAD, GBP or EUR). If the gold price rises because the USD is effectively devalued, the USD may also be devalued against foreign currency. Thus a 10% rise in the USD price of gold could only be a 2% rise in Euros for example.
Thanks for your honesty and clarity. It seems clear to me that your carefully analyse your investment decisions from a rather complete macro-boundary conditions as well as generate quantitative target values.
I have been doing statistical analysis for many years - some of the years I did it professionally (meaning someone thought I was good enough to pay me a pretty penny to do it). Now I just want to share my message and see people succeed.
Another great video. I am a little more pessimistic about these clowns running the economy. The ONLY solution in my mind is to STOP the debt clock however painful that may be.
Been dollar cost averaging PMs since 2015. I am in the black for everything but for last year or so silver purchases, but overall major league in the black.
It's actually scary, if gold and silver keeps climbing, what does that tell you about the strength of the dollar? The strength of the dollar keeps diminishing my friends. Scary times indeed.
Why not buy full kilo bars which you can buy almost at spot? I don't like that way of thinking. Having fractional gives me a lot of flexibility with my stack. If I ever need to sell some off - I can decide how much or how little to sell. Being in one weight product handcuffs you.
@baldguymoney5568 well that argument only works if you don't already have a bunch of fraction personally I don't want to move down to 1/10 oz so I have my minimal fraction is a quarter, normally I would rather get a half. I perhaps some strategy where I would buy fractional quarters and halfs alternately. I just don't like 1/10 Oz gold coins very much
As Rick Rule pointed out, gold stocks sell off too because GOLD IS Money and can provide liquidity in a crash to cover leveraged positions positions. This supports owning gold & metals stocks rather than refuting gold's store of value thesis. Your views seem to parallel the views of Greg Hunter....I definitely concur. Thanks for your presentation!
I was going to cover gold stocks but the video was already too long. I agree with you. Going to be sharing new higher stop loss levels for my portfolio soon.
Holding about 25% in constitutional 90% US silver coins. In a severe crisis like a deep depression or worst case scenario a currency reset, would use these for barter.
Hey bald guy I'm a big fan of your realistic outlook on markets. I'm just curious, have you ever done a video on Silver scarcity? I've been wondering how much is left in reserves around the world. I heard the United States geological survey estimates there's only about a 20-year supply left to mine out of the ground? Thank you for all you do to put these videos together and taking all the time it takes to respond to subscribers. 🤘🏽
Hi BG. Question. What do you see upcoming for premiums both short term and longer term? Do you have any charts showing average premiums for both G and S?
Gas: 25 cents/gallon. I tell folks “You can always buy a gallon of gas for 25 cents. IF, your U.S. quarter is dated before 1965.” (Thus, it is silver).
I hear you. My point of view is that when you fully understand the role the bullion banks played in the 2008 crash and how the laws regarding collateralized loans have changed since then - things change. Thanks for watching.
@@baldguymoneyofficial your content is helpful and I asked you to look at something of great interest to me, sure it may or may not change your position BUT few understand the gravity of the US economy I wish we could sit down over a beer and flush out some of this stuff which wall street ignores The situation is very fluid everywhere from kicking the can down the road to another great depression 🤷♂️ PS I spent seven years in Germany,
Hi Bald Guy.... Can I ask you a question please? Currently, the value of gold is based on US currency. What happens to nations around the world, with respect to gold value, if US dollar looses its world currency status. Will there just one standardised price for gold? Otherwise, how will they calculate currency exchange rates and ongoing fluctuations for commodities?
I answered this question a few weeks ago. You can go back and check it out but essentially gold is a measure of the value of the US Dollar - not the other way around. If the dollar disappears there are many other currencies we can measure gold in. The dollar has only been around for a little more than 200 years. Gold has been used as money for thousands. That is why it’s so important to own some! :)
Bald guy can you go over different state laws on not paying taxes on pms here in cali a 2000$ purchase means no taxes this info is very valuable to the new stackers I learned by trial and error
I generally agree with bald guy but I have a slightly different take personally what I'm would do is, as long as silver is off wall gold is down by gold on the dips,the whenever as silver cracks lower be careful buying gold.
Do you think We are going to have a gold or silver backed dollar soon? Where do you sell your silver?Lets say if you got it from a mint as heavy as it is curious?Thank you. And also gold is the best place to sell gold?Especially if it increases significantly? Thank you.People are still referring fiat dollar as a reserve currency.We've gone off that correct? Is in march of this year. Do you think the IQD will RV? Thx
I bought most my silver rounds at $20-22 oz & been swapping them out for silver eagles paying the difference since eagles $ above spot is low. If silver gets to $22 I would be even on rounds & above on eagles. Just keep stacking....
