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Will Rising Unemployment Bring Gold & Silver Down? This Is What The Data Says! 

Bald Guy Money
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In this video cover:
- How unemployment & job opening data has developed in 4 key countries since last talking about it in December 2023 (USA, UK, Canada, and Australia).
- I take you through Gold & Silver price performance during periods of rising unemployment to show you if prices go down or up as the economy slows down.
- I cover the main reasons why this rising unemployment environment is different that past environments and what the means for Gold & Silver prices.
- I answer a viewer question on the topic of mining stocks and where I see them going over the next few years.
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 Sources:
US Unemployment Rate Data
fred.stlouisfed.org/series/UN...
US Unemployment Rate Chart
tradingeconomics.com/united-s...
US Job Opening Data Chart
tradingeconomics.com/united-s...
UK Unemployment Rate Chart
tradingeconomics.com/united-k...
UK Job Opening Data Chart
tradingeconomics.com/united-k...
Australia Unemployment Rate Chart
tradingeconomics.com/australi...
Australia Job Opening Data Chart
tradingeconomics.com/australi...
Canada Unemployment Rate Chart
tradingeconomics.com/canada/u...
Canada Job Opening Data Chart
tradingeconomics.com/canada/j...
Silver Price Chart
www.tradingview.com/symbols/X...
Gold Price Chart
www.tradingview.com/symbols/X...
GDX Price Chart
www.tradingview.com/symbols/A...
Newmont Price Chart
www.tradingview.com/symbols/N...
Article With Silver Demand Chart
www.thearmchairtrader.com/sil...
#silver #silverprice #gold

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6 июл 2024

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Комментарии : 338   
@baldguymoney5568
@baldguymoney5568 10 дней назад
Join the “Bald Guy Money” Patreon Community for great additional content: www.patreon.com/user?u=85209064 It's only $14.99 a month (10% discount for full year subscribers)!
@DonAndang
@DonAndang 6 дней назад
*Delaware 1787 *The first state *Caesar rodney *1999 E pluribus unum - *United State of America *In god we trust *Liberty *Quarter dollar I have this coin help me where i sell it
@maxcactus7
@maxcactus7 10 дней назад
CONGRATULATIONS on going full time on RU-vid, BaldGuy! We're extremely fortunate to have you and looking forward to the ever increasing growth and success of your channel! 🎉🎉
@baldguymoney5568
@baldguymoney5568 10 дней назад
I am very fortunate to be in a position to do what I want to do! Thank you for your support. Have a great day.
@tonyt.5316
@tonyt.5316 10 дней назад
Bald guy, your videos are still at the very top when I open RU-vid. 🏆
@baldguymoney5568
@baldguymoney5568 10 дней назад
Cheers!
@888strummer
@888strummer 10 дней назад
Gold and silver ALWAYS go up during a recession in America. People need to remember that gold and silver are at their best when the US economy and the US dollar are at their worst. One reason for this is that the Federal Reserve always begins lowering interest during a recession to stimulate the economy and this will always weaken the US dollar and send gold and silver higher. And there are other reasons why gold and silver always rise during a US recession. Remember also that the price is driven by the billion dollar hedge funds and money managers and by central banks; not by the small investors like me and others here
@edb3877
@edb3877 10 дней назад
It's also interesting that in a recession, gold and silver fall at the start of the recession and then come back even stronger as the recession proceeds. People sell their gold and silver mutual funds and ETFs to cover other losses, which floods the market with "paper" metals, resulting in a reduced price for the metals. But this is temporary and a great time to be buying more PMs.
@ronwinkles2601
@ronwinkles2601 10 дней назад
Very true indeed!
@10tourch
@10tourch 9 дней назад
There is always a major crash in precious metals before it starts to rise about a year into the recession. When the yield curve inverts and the market tanks that’s when metals will dip hard. That’s when you buy
@888strummer
@888strummer 9 дней назад
@@10tourch I wouldn't over think this. I would just be buying now and holding. I'm a dealer for 25+ years and no 2 patterns are ever the exact same. We've had an inverted yield curve for at least 18 months and yet no recession, which goes against old patterns. Usually within 6 months of an inverted yield curve, we enter recession. And always within a year, but here we are at least 18 months or more with an iverted yield curve and stil no recession. I think June was the final dip down for gold and silver and both rise every week for many weeks in July and August.
@hugohabicht9957
@hugohabicht9957 9 дней назад
@@edb3877agree
@ody9931
@ody9931 10 дней назад
As we go into this nasty recession its going to hurt... I moved 40% of my portfolio into metals. The one guarantee in life is that the government will destroy your spending power
@edb3877
@edb3877 10 дней назад
If only the US Gov was as interested in their productive citizens as they are in their non-productive citizens. 😕
@randywhelchel4674
@randywhelchel4674 10 дней назад
You move it to PMs and it’s stored securely where YOU only can get it.. NOT say the Gov or a fund if they feel they need it more then you do ?
@hugohabicht9957
@hugohabicht9957 9 дней назад
True if you can . However many May need to sell to make ends meet
@randywhelchel4674
@randywhelchel4674 9 дней назад
@@hugohabicht9957 like eating your seed corn :-(
@georgehorner1578
@georgehorner1578 9 дней назад
amen
@concurringlion3643
@concurringlion3643 10 дней назад
Good for you BGM, I can't wait to find out where you're going!
@TheQuickSilver101
@TheQuickSilver101 10 дней назад
Moving and going full time RU-vid at the same time is quite an accomplishment. Congratulations, Bald Guy!
@baldguymoney5568
@baldguymoney5568 10 дней назад
Thanks! It's more of retiring from my job to spend my time the way I want to than anything else. Wishing you a great day ahead.
@edb3877
@edb3877 10 дней назад
@@baldguymoney5568 Doing what we want when we want is the very best way to enjoy our liberty. 👍
@mdavid2100
@mdavid2100 10 дней назад
Congratulations on being full-time on RU-vid. You've done a great job with your reports. Thank you for all the hard work and great analysis.
@baldguymoney5568
@baldguymoney5568 10 дней назад
Thank you very much!
@Glorious_God
@Glorious_God 10 дней назад
Happy to see your channel grow, being here since day 1 always believed in your potential! One small request to have a video discussing real estate versus gold performance especially in crisis
@Mrjones1905
@Mrjones1905 10 дней назад
Your honesty has been rewarded, grateful for your wisdom. TYVM Sir
@nevillokapi3617
@nevillokapi3617 10 дней назад
Congratulations..keep up the great work you do
@micll3229
@micll3229 10 дней назад
Congrats! Keep up the good work
@mikef4071
@mikef4071 10 дней назад
Great job, as always.
@yalcinceylanoglu4482
@yalcinceylanoglu4482 8 дней назад
Thank you for your info❤❤❤
@nrwalsh
@nrwalsh 10 дней назад
Congratulations on making the leap🎉. I appreciate the quality content!
@baldguymoney5568
@baldguymoney5568 10 дней назад
Thank you so much.
@sarge27271
@sarge27271 10 дней назад
Let the prices come down!! I'd LOVE to save some fiat on my next haul ;-)
@sfaininja4224
@sfaininja4224 10 дней назад
Congrats on the milestone!
@baldguymoney5568
@baldguymoney5568 10 дней назад
Cheers!
@SupplementalDinner-zs4np
@SupplementalDinner-zs4np 10 дней назад
Succinct and to the point, as usual. I can just imagine the prep that goes into each video. Thank you sir.
@baldguymoney5568
@baldguymoney5568 10 дней назад
There is definitely prep because I need to stay focused on the topic while minimizing digressions. Thank you so much for watching.
@matthewmushlin13
@matthewmushlin13 10 дней назад
Just wanna say, I love your presentations and the style in which you do them! Stay well!
@baldguymoney5568
@baldguymoney5568 10 дней назад
Thank you.
@tracyshannon1795
@tracyshannon1795 7 дней назад
What an absolutely exciting time for you! I think when you look back on life, you will have deeply fond memories of this exact time in your life. I also get the sense that you are, here and now, consciously aware of this being one of those watershed moments.
@baldguymoney5568
@baldguymoney5568 7 дней назад
Thanks. Sometimes you have to bet on yourself.
@dukenukemani07
@dukenukemani07 10 дней назад
Hi Bald Guy. I think $60/ounce for silver by 2026 is a little overambitious, but I greatly appreciate the charts you laid out and I completely see your logic behind it. Keep up the good work! 👍
@LAStreetPreacher
@LAStreetPreacher 10 дней назад
In no way is $60 silver overly ambitious by 2026. We could hit that price by 2025.
@dukenukemani07
@dukenukemani07 10 дней назад
@@LAStreetPreacher Not impossible, but that would mean doubling spot price in less than a year... If that happens, then natural market forces will NOT be the driving factor, but a major global catastrophe. Be very careful what you wish for!
@baldguymoney5568
@baldguymoney5568 10 дней назад
I appreciate that you think the price is ambitious. So many people think Silver is headed straight to $1000 - that’s just unrealistic.
@dukenukemani07
@dukenukemani07 10 дней назад
@@baldguymoney5568 Yes, those people should not be stacking... they belong in the stock market.
@jimpalsson4147
@jimpalsson4147 10 дней назад
Safe travels, Bald Guy. I hope everything goes well for you in your new residence.
@mlangbert
@mlangbert 9 дней назад
Great video. Congratulations on your new venture.
@baldguymoney5568
@baldguymoney5568 9 дней назад
Thank you!
@ltcrmarsh
@ltcrmarsh 10 дней назад
Congratulations and safe travels!
@attila2a746
@attila2a746 10 дней назад
Thank you Bald Guy ! Always appreciate the charts
@baldguymoney5568
@baldguymoney5568 10 дней назад
Thanks man! Hope you are well!
@stephenhenderson4419
@stephenhenderson4419 10 дней назад
I truly enjoy your precious metal / market perspective!
@baldguymoney5568
@baldguymoney5568 10 дней назад
Thank you. I appreciate you watching and leaving comments. Wishing you a great day.
@kellerfamilyband
@kellerfamilyband 9 дней назад
Brilliant work
@user-ru9nl5wr7i
@user-ru9nl5wr7i 10 дней назад
I am looking forward to watching everyday! 👍🏽
@baldguymoney5568
@baldguymoney5568 10 дней назад
Glad to hear it!
@anna12144
@anna12144 10 дней назад
Another masterpiece, great insight.
@baldguymoney5568
@baldguymoney5568 10 дней назад
Thank you.
@DavidG-qe7yn
@DavidG-qe7yn 10 дней назад
Thanks BGM!😎
@silverliner4894
@silverliner4894 10 дней назад
Congratulations on your new career and I wish you the best BG.
@baldguymoney5568
@baldguymoney5568 10 дней назад
Thank you so much!!
@Eli-qr9hc
@Eli-qr9hc 8 дней назад
Thanks BGM, I really like your focus on Precious Metals here, keep up the great work, take care!
@baldguymoney5568
@baldguymoney5568 8 дней назад
Thanks Eli! All the best.
@925inder2
@925inder2 10 дней назад
Great video BGM. Could not agree more.
@vincemurry4201
@vincemurry4201 10 дней назад
Always informative , I'm like a sponge, I absorb all your knowledge , thanks for sharing. WE ALL LOVE YA , BALD GUY.
@baldguymoney5568
@baldguymoney5568 10 дней назад
Thank you so much Vince! Sending the love right back at you!
@DanielMeininger
@DanielMeininger 10 дней назад
Thank you sir.
@user-pc4wb6md6p
@user-pc4wb6md6p 10 дней назад
Thanks Bald Guy, always good to see u doing well,😊
@baldguymoney5568
@baldguymoney5568 10 дней назад
Thank you!
@unclejohnny863
@unclejohnny863 10 дней назад
Thank you, you just confirmed the advice my relative gave me😊
@unclejohnny863
@unclejohnny863 10 дней назад
But I somehow trust yours more😊😊
@baldguymoney5568
@baldguymoney5568 10 дней назад
That's awesome!
@Chisca22
@Chisca22 10 дней назад
The people who haves manipulated the PM market are losing control. Expect a big $Gold and $Silver run up 🚀
@vincemurry4201
@vincemurry4201 10 дней назад
Sir, I also wanted to tell you, when I watched you before ,and you were speaking on how much each household should have of silver and gold. I was shocked ,I set the bar too low for myself. I'm happy to say now as a bachelor I have more than the recommended amount of Gold. I LEARNED THIS FROM YOU. KNOWLEDGE IS POWER, SO IM HOOKING UP MY CABLES TO YOU, SO ROCK ON , HELL OF A POWER SOURCE.
@hr8052
@hr8052 6 дней назад
Sound glitch during the intro 26 secs to 27 secs? Great video by the way!
@baldguymoney5568
@baldguymoney5568 6 дней назад
You know - I heard that too - I don’t know what that was. I have a new mic and I love it. Hopefully it won’t do that again.
@rickdoolin9109
@rickdoolin9109 17 часов назад
Congrats BG
@allisonw9724
@allisonw9724 6 дней назад
Good stuff as always! Love to hear your thoughts on platinum as a metal investment. Also, side note, I have a company with a team of salesmen who all happen to be bald. I tell them their ability to make money selling is the reverse Sampson effect... Going bald unlocked their money making power!! 👍
@baldguymoney5568
@baldguymoney5568 6 дней назад
Haha that’s a good one. On the topic of platinum, I have spoken about it a few times. I am a platinum bear. I think gold and silver will both outperform platinum over the long-term.
@dajjalmohammadmulhidpeer5198
@dajjalmohammadmulhidpeer5198 10 дней назад
Thanks a bunch, sir. You never miss out any detail. Neat. Also great pic of a great actor there. Clark Gable was the best actor of his times.
@baldguymoney5568
@baldguymoney5568 10 дней назад
Hey!! You’re the first comment mentioning Mr. Clark Gable - the king of Hollywood!
@danielmarshall2084
@danielmarshall2084 10 дней назад
Congratulations
@213thAIB
@213thAIB 10 дней назад
Congratulations on the new venture!
@silversleuth007
@silversleuth007 10 дней назад
I trust your opinions on numbers provided by various agencies, Bald Guy. I just don't trust the numbers or the sources that publish them. The only thing that doesn't change is change. Keep up your great work!
@baldguymoney5568
@baldguymoney5568 10 дней назад
Of course! I agree with you. I will show the “real unemployment” data in a coming video to clarify that. Thanks for watching.
@adamgarthwaite5764
@adamgarthwaite5764 10 дней назад
Class content
@baldguymoney5568
@baldguymoney5568 10 дней назад
Thank you!
@h.wayneb3495
@h.wayneb3495 10 дней назад
Congrats and thanks for sharing your insight.
@metaltracker1723
@metaltracker1723 10 дней назад
Great video BG. Look forward to more to more great content.
@DieLuftwaffel
@DieLuftwaffel 10 дней назад
Interesting choice of picture to keep above one's bed... Had to say that before even finishing the video lol.
@baldguymoney5568
@baldguymoney5568 10 дней назад
I’m in a Hollywood themed hotel. It’s pretty cool.
@stevenpalamarchuk3302
@stevenpalamarchuk3302 10 дней назад
I always take time to listen to what you have to say you were always very poignant to the ideas that you show and you have data to back it up. Thank you for your insight. I always appreciate what you have to say. Thank you.
@baldguymoney5568
@baldguymoney5568 10 дней назад
That is a very kind comment - I appreciate the fact that you took the time to leave. Wishing you a great day ahead.
@stevenpalamarchuk3302
@stevenpalamarchuk3302 10 дней назад
Im just asking cause i could not find it on the NY stock exchange the miner VanEck if you could help me i would be grateful thank you Steven
@C..Squared
@C..Squared 10 дней назад
Thank you for the excellent charts/graphs much appreciated! Congrats on your success and going full time YT. YT is my new TV station (streamed through Roku). Your content is intelligent which is in short supply on cable.
@baldguymoney5568
@baldguymoney5568 10 дней назад
Much appreciated!
@eilambyle
@eilambyle 10 дней назад
congratulations on the youtube upgrade and the home !!! and thanks for the great info !
@christophermccormick8670
@christophermccormick8670 10 дней назад
Maximums Baldness! You never disappoint. We’re not worthy!!!
@baldguymoney5568
@baldguymoney5568 10 дней назад
Hahaha thanks Chris! Hope you had a great weekend.
@rickengman
@rickengman 10 дней назад
Great Video BG... as usual.... If you haven't Joined Patreon yet, you should. BG gives very detailed analysis on Stocks, Metals and Crypto. We also have some great group discussions on the Discord. My membership has paid for it's self 50x over with the timely Buy levels for both Metals and Mining Stocks.
@baldguymoney5568
@baldguymoney5568 10 дней назад
You were one of the first and you are definitely one of the best brother!
@thevanman4498
@thevanman4498 10 дней назад
Congrats BGM and to all us longtime holders if the $60 AG prediction even comes close!
@thomascrompton7775
@thomascrompton7775 10 дней назад
We might ger one more dip. Then fed will start dropping rates and it will break out again.
@davidkrempasky7086
@davidkrempasky7086 10 дней назад
I'm a big fan of bald guy, I'm a bald guy also. Newmont operates here in Cripple Creek, Colorado. I like hiking the old mining trails in Victor.
@baldguymoney5568
@baldguymoney5568 6 дней назад
Colorado - beautiful part of the world.
@joeyboedeker2047
@joeyboedeker2047 10 дней назад
Hopefully it does come down, so those who are late to the game are able to start "stacking".
@ynot552
@ynot552 10 дней назад
There is not a true best time to start stacking...just start and be consistent and hold for the long time frame. Not a short term activity, insurance that lets you feel a little more secure Good luck
@dsauce223
@dsauce223 10 дней назад
Enjoyed the video. My question is if you plan on holding, wouldn't a Silver Maple be a better investment than a Silver Eagle due to the lower premium, "Mint-shield" technology to prevent spotting, higher purity as well as the fact that they're pretty much as recognizable in a time of crisis?... Thanks so much.
@baldguymoney5568
@baldguymoney5568 5 дней назад
I plan on holding and yes - maples are better than Eagles in my opinion - especially for stackers outside the USA. If I was in the USA I may want to have some eagles as they are the most liquid and then have more maples as the core of my stack.
@dsauce223
@dsauce223 5 дней назад
@@baldguymoney5568 I appreciate the confirmation. Thank you sir.
@SnowyMcSnowface
@SnowyMcSnowface 10 дней назад
You did a video awhile ago about converting silver/gold into real estate based on a formula. I was wondering if you could make a similar videos for converting precious metals into S&P 500 shares , if the stock market were to crash. What would be a good exit for metals and entry point for S&P.
@baldguymoney5568
@baldguymoney5568 5 дней назад
I can consider that! Thanks for wathcing.
@chrisbealey6478
@chrisbealey6478 9 дней назад
Congratulations on your future endeavors! If you're ever back in Canada id love to take you gold panning on the Fraser River Yup we still get gold .
@baldguymoney5568
@baldguymoney5568 6 дней назад
Sounds like fun!
@chrisbealey6478
@chrisbealey6478 6 дней назад
@@baldguymoney5568 Yup 👍 Such a great gold history on the Fraser .
@zuke5432
@zuke5432 10 дней назад
great video bald guy!
@pally867
@pally867 10 дней назад
Hope you are moving to cooler climes. It is brutal here in northern MD right now.
@70Eldo
@70Eldo 10 дней назад
Another factor is the macroeconomic factors of the end of the Petrodollar and the BRICS new currency coming soon, which is backed by precious metals and other commodities. When you add in the national debt and printing of US Dollar monopoly money and add in the fake paper gold and silver ETF's 400/1 ratio, then I don't see gold or silver coming down anytime soon if ever.
@edb3877
@edb3877 10 дней назад
Monopoly money is a good way to describe fiat currency. They do, in fact, have a monopoly on printing it but as in ALL cases to date, no one can ever resist the urge to print more unbacked paper currency than an economy needs for the efficient transfer of goods and services. This temptation is simply beyond the resistance capacity of human beings, yet we seem to keep trying this experiment when the results of MANY trials already shows us the answer. For some reason, we simply HAVE to keep trying it over and over again without any regard for the results of previous fiat currency experiments. 🙄
@jacoslapbass691
@jacoslapbass691 9 дней назад
Please could you do a video about who manipulates PM prices and how they do it
@baldguymoney5568
@baldguymoney5568 7 дней назад
I can consider that.
@zayneunderwood1488
@zayneunderwood1488 10 дней назад
Great video Bald Guy.... 😮🎉 👉🏻💎💎💎🥈🥇
@fransfermont6193
@fransfermont6193 10 дней назад
Would you buy gold and silver at these current high prices or is it better to wait and hope for a dip? And what is better to stack gold or silver? Or a bit of both? I find that very hard to choose which PM is better. Silver would fit better with my financial situation, but i somewhat have more confidence in gold, but would not be able to buy more than two 1 oz coins of gold per year. (i have about 400 EURO to spend on PM monthly and i live in The Netherlands) Any advice would be appreciated as i am new to stacking. Nice video sir. 👍👍👍👍👍👍
@baldguymoney5568
@baldguymoney5568 5 дней назад
Thank you for watching. I always have price targets in place that represent tolerable purchase levels. I never buy into a pump - only on a dip.
@thedaveandjimshow3809
@thedaveandjimshow3809 7 дней назад
Been a coin and precious metals dealer since 2003. Gold was $400 and silver $7 an ounce. Today gold is $2350 and silver is $31. All precious metals continue to go up in price over the course of time. Lots of ebbs and flows but arrow is always up long term. However, I've made millions in precious metals and I don't hold at all. I buy with a built in profit and take that profit while there is a profit to he had. Period.
@baldguymoney5568
@baldguymoney5568 6 дней назад
Thanks for watching.
@blackboy4520
@blackboy4520 10 дней назад
Bald guy I have a question how silver is a hedge against inflation but during a recession or depression the price fall ? And what is your opinion on 10k Gold for stacking would u stack that ?
@baldguymoney5568
@baldguymoney5568 6 дней назад
Great questions. During recessions, money is printed. This lifts the price of gold and silver as they hold value. As for 10k gold - I don’t like it. Even in jewelry.
@razorback7158
@razorback7158 9 дней назад
I’ll buy more then
@bruce5895
@bruce5895 6 дней назад
Yes I see metal prices are starting to go up now, but I also see another reason, I shall explain, Canada, the States and the European Union have all decided not to order any fertiliser from Russia, this means with massive immigration now taking place, that farmers will not have enough fertiliser to grow their crops, meaning their livestock will either have to be sold or starve and in the bigger picture it also means that a massive starvation event is about to take place starting next year, there will be not enough food for everyone to eat, that should also be a factor that puts more of a strain on food prices meaning more inflation, falling currency values and probably higher metals prices to come and there are other factors too that I have not told you, I will save that for one of your up coming video's. People just have no idea of whats coming and I am happy that we both are able to give advance warnings to give the people a heads up of whats to come. Good job, they should call you the genie out of the bottle, keep those video's coming. P.S. I found that another great way to save on food prices is buy at restaurant supply stores, example, I priced out cooked chicken breasts frozen 4oz. pieces packed 40 per box, worked out to 1.37 per piece, in a restaurant setting, your probably looking at 7.50 plus tax for the same thing. Time to stockup before things get out of hand.
@edb3877
@edb3877 3 дня назад
"People just have no idea of whats coming..." That's right. No one knows or can know the future. Not my rule but it does seem to be a universal rule. Many people are confused by 2D charts with X and Y axes. This gets worse as the number of dimensions increases. A 3D chart with X, Y, and Z axes is usually only understood by those with scientific or engineering training. The future, however, would be described by a chart with a million or so axes and is definitely incomprehensible to us all. So, the best we can do is to spot trends and make the best educated guesses we can about what's coming in the future. Best of luck on this to us all.
@bruce5895
@bruce5895 3 дня назад
@@edb3877 I live in Canada and I know that we are getting taxed to the hilt as our gov. takes away our wealth, rights, freedoms and quality of life and the people are feeling the pain of a currency losing its value as our gov. finds out new ways to create more inflation keeping prices rising on everything. There is no end to this until this gov. is changed.
@vincemurry4201
@vincemurry4201 10 дней назад
God Bless you and your Family , safe and Happy trails. Your probably a good dad.
@baldguymoney5568
@baldguymoney5568 10 дней назад
Thank you. I hope my kids think I am. I am blessed to have them.
@vincemurry4201
@vincemurry4201 10 дней назад
@@baldguymoney5568 I heard you mention leaving money for your Sons after life, I got 2 Sons, when I heard that, I knew you wouldn't be playing around.Keep up the good work Sir.
@baldguymoney5568
@baldguymoney5568 10 дней назад
It’s our duty as fathers to show our kids the way!
@vincemurry4201
@vincemurry4201 10 дней назад
@@baldguymoney5568 Amen my lightskinned brother, Amen.
@BA-lt2tx
@BA-lt2tx 10 дней назад
The reason why rising unemployment has no downside effect on the price of gold is that those who buy / own gold don't lose their job in a recession but to the contrary look forward to recessions to deploy cash and buy distressed assets on the cheap. We are talking about two different crowds.
@amr8457
@amr8457 10 дней назад
I buy gold and I just lost my job.
@edb3877
@edb3877 10 дней назад
Yes, we are, and a substantial portion of those who are retired and in good financial shape don't get impacted by a recession nearly as much as those in the financial middle class and lower folks. In fact, the most money in one's life can come from their investments in stocks bought on the cheap during a recession, held for 6-9 months, and then sold at substantially higher prices as the recession ends. Most of us are not cheering this on because we know how hard it makes life for some of our fellow citizens, but since these things happen anyway, with or without our approval, why not cash in on it? It's good to share some of this with those who have less than we do, so contributing to local charities helps to get people through the hard times in life and it feels good to do good.
@amr8457
@amr8457 9 дней назад
@@edb3877 indeed, watching other suffer is not good for the soul. Helping others is good for the soul.
@BertsDad81
@BertsDad81 10 дней назад
Congratulations Bald guy ! We enjoy your informative content keep up the good work! Best gold and silver channel on RU-vid!
@baldguymoney5568
@baldguymoney5568 10 дней назад
Thank you.
@patchrat1
@patchrat1 10 дней назад
My thoughts on $60 dollar silver is what is the value of the dollar to silver a is silver dime would get you a loaf of bread and a quarter would get you a gallon of gas that value holds up today
@viennaweiss8470
@viennaweiss8470 10 дней назад
Whomever it is that is manipulating the precious metals market can't do it forever, stay strong, hold on.
@scottboyington9768
@scottboyington9768 10 дней назад
They have been doing it for 75 years they will continue to do so.
@HANZELVANDERLAAY
@HANZELVANDERLAAY 10 дней назад
I don't understand how they can do it around the world....like every country..responds to their control... interesting
@scottboyington9768
@scottboyington9768 10 дней назад
@@HANZELVANDERLAAY Metals will move up stay patient been stacking 35 years
@edb3877
@edb3877 10 дней назад
@@HANZELVANDERLAAY No doubt that international bankers have a hand in this, making it worldwide and not a country by country thing. The BIS and IMF are in this up to their eyeballs with the chairmen of the individual central banks and treasury secretaries also involved. IMO, the world is slowly moving towards a one world government and it will be the bankers leading the charge. While there would be some benefits of this, the temptation that absolute control brings would corrupt it and make it a financial tyranny like no other.
@davidkrempasky7086
@davidkrempasky7086 10 дней назад
I'm a big fan of bald guy, I'm a bald guy also.
@youtubesucks2575
@youtubesucks2575 10 дней назад
Baldguy, great video thanks for mentioning people like me. I know how to eat right and never waste. Your own health will always be the best investment .This summer so far i added gold and silver to my stack. I follow you for a reason not just to see your awesome art work. Congrats to your success!!!!! See you next week!
@2Eaglez
@2Eaglez 10 дней назад
Thanks for eliminating the Hunt Brothers move in the 1980s. I have alway said it was an anomaly that should not be considered in the charts. On mining stocks, have a couple and they are doing good also have some PSLV and CEF which should track the actual precious metals prices. Also holding physical metals at about 15% of net worth.
@baldguymoney5568
@baldguymoney5568 10 дней назад
100%! Too many people put too much stock in that anomaly.
@Mr_Carri
@Mr_Carri 7 дней назад
Hi, great Chanel & análisis please compare vs Mexico 💥,
@baldguymoney5568
@baldguymoney5568 7 дней назад
I can throw in some data for Mexico! Great people!
@fasteddy6170
@fasteddy6170 10 дней назад
Consider the Rigging and $600 SILVER by Dec
@baldguymoney5568
@baldguymoney5568 10 дней назад
$600 silver by December? Come on Eddy - you watch my videos. You know I don’t believe in that. I appreciate you watching though. I always like your comments.
@vinkosmoje2330
@vinkosmoje2330 10 дней назад
Hello bald guy,. In my country, the tax on silver is 22%, but buying and selling gold is tax-free. Does it make sense to invest in silver? Thanks for your opinion. Greetings Vinko
@baldguymoney5568
@baldguymoney5568 10 дней назад
If you can get gold tax-free, then it’s best to focus on gold and maybe build a small silver position. That’s what I would do.
@vinkosmoje2330
@vinkosmoje2330 10 дней назад
Thx
@jaytaykowski
@jaytaykowski 9 дней назад
I will pay spot price for all tour silver.
@baldguymoney5568
@baldguymoney5568 7 дней назад
I will pay spot for yours. Right now.
@edb3877
@edb3877 10 дней назад
Bald Guy: In your comparison of gold vs. the S&P 500 in this video, did that include the dividends from the S&P 500?
@baldguymoney5568
@baldguymoney5568 6 дней назад
It did not.
@edb3877
@edb3877 3 дня назад
@@baldguymoney5568 OK, thanks for the reply and the honest answer. This is why I continue to watch and appreciate your videos. 👍
@billysmith6284
@billysmith6284 10 дней назад
People are worried about the overall situation of the world.. that should make gold and silver prices go higher.. other than that they would go down..
@ayoubahmed3421
@ayoubahmed3421 2 дня назад
Hello Bold guy, how would your patreon membership help for people not living in USA. Like I am from Australia want to invest in miners.
@baldguymoney5568
@baldguymoney5568 2 дня назад
I share my mining portfolio there with stocks that everyone (even in Oz) can invest in. I have a few Aussie patrons - solid guys. Since I put the portfolio together, it is up 38.9% vs. +22.4% on the S&P 500 over the same time period. Everything is done transparently there.
@philschiavone101
@philschiavone101 10 дней назад
Things are better than ever! For those few elites.
@baldguymoney5568
@baldguymoney5568 10 дней назад
Exactly!
@jessreitmeyer2862
@jessreitmeyer2862 9 дней назад
What is your thought on NAK?
@baldguymoney5568
@baldguymoney5568 6 дней назад
What is NAK?
@mitzibutler6415
@mitzibutler6415 9 дней назад
🙏
@cunning-stunt
@cunning-stunt 10 дней назад
The decline in Australian unemployment was because of seasonal holiday workers from other countries and Kiwis leaving NZ for better pay in Australia. The Australians ran advertising targeting NZ health workers, a lot left NZ looking for better pay and working conditions.
@baldguymoney5568
@baldguymoney5568 10 дней назад
Great insights!! Thanks for sharing.
@jondoe5536
@jondoe5536 9 дней назад
there is only 31600 job adds for all Sydney - seek down from 90,000 12 months ago
@cunning-stunt
@cunning-stunt 2 дня назад
@@jondoe5536 Advertising jobs targeted at NZ workers in Sydney wouldn't make any sense would it. That is why they advertised in NZ not Sydney. Go look into it and how many are leaving for Australia.
@cjoe1950
@cjoe1950 10 дней назад
Hey that's Sean Evans from the Hot Ones.
@baldguymoney5568
@baldguymoney5568 6 дней назад
He looks like me 🤣
@cjoe1950
@cjoe1950 6 дней назад
@@baldguymoney5568 Doppelganger
@BryanBonaiuto
@BryanBonaiuto 6 дней назад
I LOVE GOLD !!!!🎉
@edwardtucker8219
@edwardtucker8219 9 дней назад
I will guess the new location will be Poland - Chesh (phonetic spelling). I might be wrong, though, as they are part of the European Union and I do not think you want to live under their thumb, since you already left Canada for similar reasons. My second guess is Serbia, as that is not EU and stays out of everyone else's business. Last guess is somewhere in a BRICS nation. Anyway, thanks, Roger, and have a great new week, and a safe journey to the undisclosed location, My Spy!
@baldguymoney5568
@baldguymoney5568 7 дней назад
Hey Ed! Thanks for your kind words. I am in fact back in Poland. I enjoy life here and that's important for me. I am not interested in living in a BRICS country. Brazil might be nice, but not under their radical left-wing government.
@Tnargtheclown
@Tnargtheclown 9 дней назад
Do you think silver will go below $30 in the next month
@baldguymoney5568
@baldguymoney5568 7 дней назад
Very possible.
@tracyallen6722
@tracyallen6722 10 дней назад
I can’t buy a damn dip. I was thinking last week I needed to buy.
@baldguymoney5568
@baldguymoney5568 10 дней назад
I bought this last dip. 2330 was dip price target.
@skyhighstax
@skyhighstax 10 дней назад
@Moh8anzi
@Moh8anzi 9 дней назад
Dubai will miss you❤❤❤❤❤
@baldguymoney5568
@baldguymoney5568 7 дней назад
Thank you brother. I will go back to visit. To Saudi too.
@Moh8anzi
@Moh8anzi 7 дней назад
@@baldguymoney5568 wewaiting for you bro♥️♥️♥️
@user-nr7jm1so5j
@user-nr7jm1so5j 10 дней назад
In a word ... No.
@davidkrempasky7086
@davidkrempasky7086 10 дней назад
According to the Bureau of Engraving and Printing paper money is only worth a few cents in paper and ink regardless of denomination. It's basically monopoly money, I don't know about you but I'd rather hold gold & silver
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