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BTC is NOT Bitcoin. Research yourself, deeper rabbit hole! Read the Bitcoin white paper (chain of signature)! BTC is the Segwit coin, the criminal cult cabal coin, as chain of signature has been removed! It was used for Pedph and MLaunry!
Yeah - imagine life without electricity. I mean, I've lived it with it my whole life. I presume you have too. I think we will have very serious concerns if it goes away for good.
I like the idea of bitcoin but governments only have to make it illegal to exchange bitcoin for fiat for it to be effectively useless. It’s the on & off ramps that are a concern. Just imagine the price fall if this was even suggested by a central bank.
@@steveporritt1550 I agree, Steve, and will add here that the crypto currencies are competitors with the official currencies. Governments and central banks do not share power easily or willingly and they derive enormous power from their ability to create "money" from thin air. How will they react to the cryptos when the CBDC, also a digital currency, comes out? My guess there is poorly, as in making it illegal to accept as "money" or by putting a large "excess profits" tax on selling it, perhaps to the government at a price dictated by the government. The US Gov has a monopoly on the creation of fiat currency in the US, so will move to protect that power and their monopoly of it. Don't forget that bitcoin and other cryptos also are fiat currencies because there is nothing physical backing them. As for myself, at age 74, I can't afford to buy anything that is so volatile, has a minimal use case, and could go to zero value under the right conditions. That could be due to government restrictions, trade agreements prohibiting it, or even a Carrington Effect type solar EMP that will make life terribly hard for cryptos and a lot of other electronically based financial products. At best, cryptos are a speculation, not an investment. It is possible to make a lot of money speculating but it is also possible to lose one's shirt when speculating and older people have less tolerance for late-in-life financial losses. I already have enough money on which to live comfortably but losing money is not a good option at this stage of life. Young folks with a lot of lifetime left can recover from a speculation gone badly and they might even make a bundle doing it. But the trick there will be to get out of the speculation with a substantial profit while the getting out is good. Not doing this is why a lot of people get trapped in asset bubbles and lose a lot of their gains, if not their principal too.
The British £1 Note - The True Story (Condensed). Now. The reason that the 'British £1 Note' originally gained its name. Was due to the fact that the 'Paper Note' represented ownership of 'Twelve Troy Ounces (1 Troy 'Pound') Of Physical Sterling Silver Coins'. With 'Sterling' of course referring to the level of the 'Purity Of The Silver Coins'. With that purity being 92.5% Silver and 7.5% Copper. Hence the name 'A One Pound Note'. IMPORTANT - The Note Was 'NOT' And Never Has Been 'The Real Money'. The 'Real Money' (The 'Sterling Silver Coins') were stored in a bank vault. And the 'Paper Notes' (representing ownership of 'The Real Money/The 'Sterling Silver Coins') circulated in the wider economy. Mainly to save us from having to carry a large amount of 'Weight Of Money' (of 'Sterling Silver Coins') around with us. And yes. We were then able to take a 'One Pound Note' into a bank. And they were obligated to give us the '1 Troy Pound Of Sterling Silver Coins' (The Real Money) That 'The Paper Note' Actually Represented Ownership Of. A situation that continued until the British people eventually 'Fell Into The Trap' of mistakenly thinking/believing that 'The Paper Notes Are The Money'. Which of course 'They Are Not'. At which point our political leaders and their banking overlords 'Completely Removed The Physical Sterling Silver Coins That Were 'Backing' The Paper Notes From The Economy'. So allowing them to 'Print An Astronomical Amount Of Paper Notes In A Large Variety Of Denominations'. A move which 1. Allowed our government 'To Begin To Live Wildly Beyond Its Means'. And 2. Allowed the bankers to create 'An Unlimited Amount Of Debt'. Debt that they 'Create Out Of 'NOTHING' And Then Charge 'INTEREST' On'. I mean. Britain is now 'Totally Awash With Debt'. Both on a 'Personal And A National Level'. And yet, no one ever asks the logical question. With that being - "How Was This Actually Able To Happen"? Well, now 'You' know. And now you also understand the important difference between 'Mere Currency' (The 'Paper Notes'). And the 'Actual Money' (The 'Sterling Silver Coins'). A harsh lesson that the vast majority are just about to have to 'Re-learn'. As the 'True Value Of An 'Unbacked' British £1 Note Is Once More Realized'. With that 'True Value Of Course Being As It Is 'ZERO'. 'ABSOLUTELY NOTHING'. Best wishes from Old Blighty.🙏 Andrew.
Thanks for the excellent and educational comment. It's much appreciated and reminds me of the US$ and the path it took from being real money to being really fake money once the gold and silver backing and convertibility were removed.
BTW, the flood of paper currency allowed for the 2 WWs. Thus we all paid to be slaughtered. Had we all kept to real money the 2 WWs would never be possible. Or maybe it is the other way around. The WWs were to erase the real money idea from memory... Either way, we can easily smell a very ill will agenda against the common people.
I just checked gold price on Kitco and I can just feel the momentum and power. For me gold and silver is the hedge against everything play. I see no value in the current corrupt system.
Dude! You are a rare gem in the "be your own bank" youtube crowd! I can't figure out why there are so many BTC only or GOLD and SILVER only groups online. GUYS! You can and SHOULD own all three!!! Nobody knows what's going to happen in the future and each have advantages.
@@andyirons7162 Because it is the hardest money in the world. Because you can travel across borders with it, it’s much harder to steal than gold, it’s more fractional than gold, it will appreciate much higher than gold at a faster rate, and you become indifferent to inflation by holding it.
I'm not an economist. For that matter, I don't even play an economist on TV. That said, what I do know is that central banks around the world have been accumulating gold for the past few years as fast and as much as they possibly can, and they're NOT accumulating Bitcoin! Do I think there's anything wrong with Bitcoin? Well, I'll use it for it's appreciation so I can use the profits.... to buy more gold! Outstanding work as always, BaldGuy, thank you!!
I respect that. What drives me crazy are the people who make the "what is the lights go out" argument. That sounds the same to me as when Bitcoin people call gold yellow rocks...
A piece of history. When Commodore Perry went to Japan in 1853 he found out the Japanese GSR was 4:1 while in the U.S. it was 16:1. He exchanged as much as he could and started a run on Japanese gold.
I always like your presentation of the movement of Gold and silver. Bitcoin you say should be part of a diversified portfolio. Not competing against each other. Just have options. Good analysis of what you invest . Your detailed analysis is always based on numbers, graphs and data trends. Keep the information coming my friend.
I couldn't agree more when you say why not have both. I don't just have all my money in one thing, it's spread around in a bunch of things. Like most folks I do that because no one can predict the future and spreading it around means if something goes wrong you're not completely broke. This is an old lesson that I learned when I read The Richest Man in Babylon when I was 19. It makes perfect sense to me especially when times are uncertain. Thanks!
Great Vid. BG...I agree with you even though I'm still unsure about the long term future of all Cryptos that won't be under some kind of Govt. oversight or regulation. I treat BTC as a long term speculative investment like any Stock I own, and Gold and Silver as a safe storage and preservation vehicle. I think holding both is a smart move but going "All in" on either would be unwise.
The current price of gold is actually a negative real yield when compared to the inflation rate... I love my Gold but BTC is the real hedge against inflation.
I will never buy Bitcoin but i will let everyone else take the gamble i will always be a Gold/Silver purchaser. The feds would be stupid to cut rates this year even though it's a common practice for political reasons
Has anyone compared the amount of of gold ounces in existence to bitcoins? Since 1 BTC is worth 60k and 1oz of gold is worth $2k, but if you were to split the BTC into the amount of gold which is more valuable? Then theres the fact that its a digital asset what happens when the power grid goes down and we're back in the stone ages? I'll take gold thanks.
All crypto currencies are another form of fiat money. Like stock portfolios what you “own” is a representation of value. Crypto is not tangible, again like the stocks you may hold in a portfolio. Same goes for bonds and CDs. The major difference for gold and sliver is you can take physical possession of this asset. Lynette Zang says it best IF YOU CAN’T HOLD IT, YOU DON’T OWN IT. Personally, I hold some crypto, stocks and CDs along with my gold and silver. Gold is my preference and IF the silver ratio does get below 50 to 1, I will swap for more gold.
I have yield targets at over 5%-7% on ten year.. sooo.. ya. Only probabilities nothing is certain but I would agree with you! This would not exactly be a bad thing and depressions help the poor so long as they are ambitious and can stay working. Depressions mostly hurt the rich because assets but if you're a savvy investor there's always currency to be made weather markets are going up or down. It's comical to me that the mainstream narrative is that we must avoid recession /depression at all cost and that inflation is good, however reality is the exact opposite. Cheaper prices help the poor, higher prices only help the rich because poor don't hold assets. Higher prices make the cost of living go higher while wages never keep up hurting the working class.
You need to do a video on the proper balance between the big three - Gold / Silver / Bitcoin.. Subsequenctly, a video of then how to then break out the precious metals would be helpful. i.e. coin vs bar
Don't get me wrong, but a system that makes everyone rich with 64 unique digital pieces of software is virtually impossible, its value comes from new entrants, not from the piece of software itself because it is so worthless.... It is and stays ponzi!! Just chips in the casino of the FBI!!! Gold, on the other hand, is physical and you can hold it, melt it down into Rolexes or beautiful necklaces,,, it continues to exist, under water or even when it melts! The value is in small grains deep in the ground and the long history!!
I'm a software systems engineer with alot of time in the crypto space (now retired).. And I still choose gold and silver everytime... Not saying I don't own btc or alts.. But only makes up like 12.6% of my entire profolio... And ETFs is only like 5 - 6 %.... yeah crypto has protenl, but not in the way most think... Anyways, take care all and be carful out there and what you hear... psyops can be an incredible, cruel tool our governments use to manipulate you and make you look the other way while they take advantage of the real assets.... be careful of the logarithmic decay in our financial system and pay attention to the things they say are bad.. Question everything and DYOR 😎✌️ (btw, been investing crypto since 2014, gold & Silver stacking since 2003 and ETFs since 2006... Just for reference)
My question for BTC is this: when/if the economy crashes what will be its function for the regular person? Can I barter for foiod or gas? I know farmers will accept silver.
Hi - It's function is similar to hat of gold and silver. You can trade it directly for goods and services in more places today than gold and silver - that's a fact. As for farmers accepting silver - that's a very old RU-vid scare story. The economy has crashed many times - it has never triggered the end of the world where stores closed and lawlessness ensued. I am glad you found my channel because I don't use such scare stories built on fantasy to attract an audience. I am based in reality.
Anyone who buys an asset of any kind should have an exit strategy in place for that asset right from the start of their ownership of it. Furthermore, they also should review their exit strategies on an annual basis and update it due to changing circumstances.
If you’re referring to Bitcoin - I agree. It’s why I have possession of mine. If that concept is confusing - I sincerely think some more research on Bitcoin would clear up the confusion. Wishing you all the best.
@baldguymoney5568 a small amount of lead, silver, gold, and cash works for me. I just want to keep my standard of living at the current level. I'm not trying to get rich. I pay my taxes, so leave me alone.
@@silverman5707 Maybe the better question is, "Are they going to pay off the US national debt?". Maybe they will just repudiate it. This works unless they want to borrow a lot of money and have to pay a very high interest rate to attract lenders. My greatest fear in all this debt issue is that they will bankrupt We the People in a futile attempt to save the current government. They'd better take a real hard look at this and determine whether or not the current government is really worth saving. Maybe it is and maybe it isn't, but lets not bankrupt We the People over it. The nation can recover from a bankrupt government but maybe not from a bankrupt people.
Great posting. What The Fed does makes no difference in my stacking, simply because it is ALL an effort in futility. The Debt will NEVER be reduced, PERIOD, End of story. It is a 100% shell game. I am too old to gamble on mining stocks, so I just buy physical, and did buy gold twice the past week. My inventory of silver is still growing as well, but for now gold is my prime focus. GOLD will ALWAYS have its place at the table. Bitcoin is of no interest to me, but for those who do hold it, that is their choice, No big deal.
Great video ! Diversity is a very good thing. Personally, 'm not concerned about Bitcoin taking gold's momentum, as eventually Bitcoin profits will be taken and shifted into other, more stable asset classes, including gold. Value will flow in both directions, and hopefully the rising tide will lift all boats. Thank you, Bald Guy !
The same people that are buying bitcoin at its high now will be panic selling next time it drops back 20. If your crypto has 4x ed you should sell 25% and be imune from loss. You might see less profit but you will not loose a cent.
There aren't many questions that are black and white, so I appreciate your nuanced answer. Do you know the one reason I like Maple Leafs? It is the way the monster boxes are so compact. What a dumb reason right? I can't help it. They would stack better and/or fit in a safe better. For me, they would still have to be at least $1.50/oz less than the best price I could find on ASEs for me to buy them first. Recently, I've seen those at $3.50 over for 2023s (2024s are $4). Actually, Pimbex has monster boxes of random dates for $2.14 over. It may be time to give them a call and tell them Bald Guy sent me. I never would have looked into this without your video.
BTC has a potential role in the financial architecture, particularly for larger, more formal transactions, where infrastructure and latency are never a concern. IMO, it will not be able to fully replace more tangible media at the transactional edge, where network latency, availability, and reliability may be subject to unacceptable disruptions. Ultimately, BTC has to be convertible to something tangible; otherwise, what’s the point of it?
Another great video! Appreciate that you're only recommending things you would or have already purchased like the the silver maple leaf . Praiseworthy and authentic.
I agree with, BGM. 16:1 is outlandish given all trends considered. 60:1 is very conservative, however. I could see 45:1 being potentially possible(at some point). Having said that, I wouldn't wait for it. I'd begin trading silver for gold about 65:1(including premiums). And if the ratio hits triple digits, I'm kissing a fair bit of my gold goodbye. And I'm not alone on this. I almost did this weekend at 90:1. But I have a sneaking suspicion we're about to see an even higher ratio in the coming months.
@@Handle_number_7 As recently as 2011, we had a GSR of 32:1, so 40:1 is not out of the question. I would trade silver for gold at 40:1 or less. I'm also quite comfortable with simply holding the silver that I have if the GSR remains high.
@edb3877 Yeah, it's just that most people don't like making claims that could potentially drive a persons decisions. I too would not be surprised by a ratio in the 30's. I certainly wouldn't trade ALL My silver at even 45:1. Silver is one of my favorite metals next to copper. Copper is cheap and fun to cast. I generally get it free 😁
What’s really going on. Today Friday evening Gold has closed at $2179.60 which equates to spot price of 1 oz of palladium, 1 oz of platinum, and 9.1 oz of silver Not taking into consideration of premiums It’s an interesting dichotomy
Bald guy great show as usual. Just thought I would give a share to you about free silver. Yes I said free. I look for extremely old dump sites to dig for vintage marbles. I frequently find piles of silver flatware in the dump. I now have pounds of the stuff. Anyone willing to pick up a shovel and dig can obtain silver by being a minor this way. No need to prospect and refine it someone already did it for you and threw it away ✌️🤯
Of course, there is an inverse correlation between the price of gold and the DXY index. This index may fall, but who will let it fall? I mean that the European, British economy is also not in the best condition, especially due to problems with Russia. I think that the DXY index will not change much, and therefore will not affect the price of gold.
Thank you for sharing thoughts on how digital currencies would be worthless in a grid down situation where there is no internet, electricity, or cell phone service! I thought the last AT&T outage would open people’s eyes to this vulnerability but apparently not! Take care and God bless you all!
Excellent point BGM! I completely agree! The Lord has truly blessed you with much wisdom, insight, and foresight! I greatly appreciate the information you share! God bless you! @@baldguymoneyofficial
Good question. I look at it differently - I based my Bitcoin holdings on how much Bitcoin there is for every millionaire in the world. The number I came to was 0.24 Bitcoin. Of course it was easier to get when Bitcoin was $20k - but the math of the answer still applies.
@@baldguymoneyofficial Thank you for your perspective. That's a valuable perspective that differed from the why I thought of my allocation as just a total dollar amount i put into my investments. I'm DCA investor that has strong hands and will definitely have to think about that when planning in the future.
I have two main concerns about bitcoin: 1. It has no intrinsic value. The precious metals are used in high end electronics, energy field via batteries and solar panels, modern weapons, medical devices and much more. Bitcoin is just another form of fiat currency. 2. Most world governments are working on their own form of digital currency. They're happy now to let bitcoin work out the problems surrounding block chain transactions, but what will happen when the government rolls out their own CBDC? Governments tend to like total control and hate competition.
Baldguy, do you share your crypto holdings, bitcoin maxi or alts? What I like right now in order of importance to me silver, gold, real estate, crypto (monero & theta). As home prices drop I'll buy more real estate. Love you brother appreciate the information you share. Snowing pretty good right now and I'm a flipflops and gym shorts kind of dude. 😄
Hey Bald Guy! How do you feel about Ethereum? I bought into Ethereum, but not Bitcoin. Should I continue holding Ethereum or would you sell Ethereum and buy into Bitcoin?
Love your channel and your analysis. My hesitation for crypto is with the possibility of governmental takeover of the exchanges like we saw with the Canadian truckers when the supporters attempted to use crypto currencies when banks were closed to provide funds to keep it going. Thus even if your crypto is in cold storage, transaction could/would be controlled if the exchanges fall to government agencies.
No, I don't own a single silver round of any kind. My silver stack is in Maples, ASEs, a few 5 oz. bars, and US 90% silver coins in a split of about 52-25-3-20. Been stacking silver since early in 2010 and completed my stacking goal in 2019. I only buy silver when it is something I really like, such as 1880s-1890s Morgans and 1964 Kennedy halves, and when the prices are really good.
Bald guy, what happens when (not if) there is an issue with the electrical grid and power is no longer flowing from the power lines in your area or where the bit coin servers are located? With a high probability attack on the grid weather by EMP or natural disasters, how do u access your monies when nothing electronic works anymore? Gold and silver and the protection of the GOD of the Bible is the only sure thing. I do enjoy your videos and the education about financial matters, keep up the good work 👍🏼
Not having electricity for a long period of time would cause issues much larger than not being able to access Bitcoin, or bank balances, or the stock market, etc. We have to keep that in focus. I am 40 and I have never lived in a world without electricity - the world has become more digital in that time. That is the reality I recognize and focus on. Thanks for watching.
I feel more secure having both PMs and Cryptocurrencies, and I built a $20k crypto portfolio without sinking in a penny from my PMs budget. A few lucky breaks made a difference.
1. How will CBDC's affect BC? 2. What will they do when the EMP hits? 3. When Guv's ban it? 4. When BC gets halved? Their greed is their demise. If they want BC to be used as an exchange currency then aren't chances less if each one is $1.5 million? If 80% are already mined? IMO u only own what you can hold in your hand. And NEVER buy stocks based solely on a Sponsor Ad. Always do your DD, don't be lazy!
Research is important! That includes doing some research on Bitcoin as I get the impression you may not fully understand it. It's not criticism - it's just an observation. Halving is good for Bitcoin price by the way :) Wishing you all the best.
I hope everybody realizes that the gold and silver miners doing poorly is good for the price of gold that means less supply on the market with higher demand for physical.. as physical precious metal holders we don't want miners to pull more metal out! 😂
@@stevenmontplaisir3541 I agree with you and that's why I'm not in stocks, bonds, treasuries or Bitcoin those markets are literally designed to mismanage money and steal the wealth of the masses. I mean is it a coincidence that Bitcoin was created right after a depression as policy makers knew they were going to print a ton of currency?? I would say not at all it was created on purpose as a liquidity sponge because there's not enough good companies with reasonable evaluations to invest in. This is why they're constantly creating new places to invest and put money even if they're garbage.. they have to soak up the liquidity in the market otherwise inflation would be through the roof.. I'm a physical precious metals holder because I believe that literally every other asset on the planet is nothing more than a liquidity sponge an I owe you of an IOU of an IOU of an insolvent entity.. just like the banks needed a bailout in 2008 yet they're the biggest holders of physical gold and silver why did they not liquidate their assets to write their books why did they use taxpayer money to bail themselves out? The entire investment Market is designed as the biggest Ponzi scheme in the history of world including the dollar itself after getting off the gold standard in 71.. we're all earning trading spending and investing in Monopoly money with an intrinsic value of 0..
Yes! You get it. I am impressed at how many of my viewers understand this. I suppose I shouldn't be surprised. I think my videos attract a well informed crowd.
I’ve been in the metal market since 2020 but I don’t know much about crypto currency’s. Is Bitcoin overpriced right now or is starting a very big all time high? What ways can I measure and study crypto currency. Who can I listen to about crypto currency?
That’s a great question. I wish I had the perfect answer. I think DCA is the best approach. I made a buy signal post on my Patreon when it was at $24k.
@@baldguymoneyofficial could we make ratios like a Gold/Bitcoin, or Dow/Bitcoin. Just start that in 2014 too now because 2014 is when Bitcoin started to become something.
Bald guy, Wiseman 2 of 3, Stavros in Florida says thank you for the Greek good morning. Now to the meat and potatoes, enjoyed video and a lot of things going in so many directions, I talking economical, political, world political instability, and on top of that who knows what black swan may happen.
Another informative and specific thread that WAS WORTH LISTENING TO ! Great job bald guy ! I’m in my 60’s , and when I grow up - I’m shaving my ( almost ) bald head too !😂
Why do the silver mining companies accept a silver price of ~25 $ ?? I would not sell my precious stuff to anybody for that redicolous price. 50 bucks for silver in the 80s, and 40years later the price sits at 25 $. That is total BS.
THE MARKET CAP OF ALL THE GOLD & SILVER PUT TOGETHER IS VERY SMALL LESS I THINK THEN GM.LETS COME BACK AND LOOK AT THIS IN 2026 I BET IT WILL DO A 180.
It's clear that B.G. talks the talk and walks the walk. His logical ideas are 1000X better than the doom and gloom loosers that are ranting and raving. In the end I can hold 1oz of gold in my hand, try that with Bitcoin. "1 in the hand is better than 2 in the bush"
Someone Having silver alone is that something bad if they don't have Gold Money? And would you still stack silver if you were living in a third world country?
I think having both is the best way to go - but having some silver is better than having no metals at all. Would I stack silver if I lived in the 3rd world? Yes.
Blockfi has educated me on Bitcoin 😂. Good news is I didn’t have all mine there so lost a faction of it. Not your keys not your Bitcoin and for Gold “ not in my hands not my gold”
