Is Silver Going To Be Unaffordable Like Gold? Watch This!
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- čas přidán 2. 07. 2024
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Check out www.pimbex.com/ for all of your bullion needs.
Call them at 888-892-9363 for a free chat about your IRA!
Link To The 1 Oz. Morgan Round In Today's Video:
www.pimbex.com/purchase-bulli...
In this video I show you all exactly why gold is becoming unaffordable for the average person and then breakdown the possibility of the same thing happening to silver. This video includes interesting income vs. metals price analysis that I think every person should see an understand!
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:
Mercantilism Image
www.investopedia.com/terms/m/...
CNBC Article on Americans’ Emergency Funds
www.cnbc.com/2024/01/24/many-...
Gold Price History
www.macrotrends.net/1333/hist...
Silver Price History
www.macrotrends.net/1470/hist...
Personal Income Per Capita Data
fred.stlouisfed.org/series/A7...
Canada Gold Price Chart
goldbroker.com/charts/gold-pr...
Silver Price Chart
www.tradingview.com/symbols/X...
EU Document On Collateralization
www.ecb.europa.eu/pub/pdf/oth...
Link to PMI Global Manufacturing Index
tradingeconomics.com/world/ma...
#silver #gold #silverprice
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Thank you as always great information. I watch a lot of the other stacking community channels for entertainment mainly. You are a very smart dude thank you.
Can you do a video sometime about the USdebt clock on gold and silver prices? Please. Many of your followers are not aware of the debt clock and why gold and silver prices are higher on the debt clock! Thankyou my friend.
Bald Guy . Happy Easter to you , sir ! I was “ advised “ that buying Royal Canadian Maple Leaf sovereign coins were a better choice over ASE’s when in the future , I may consider selling due to less anti- American sentiment and the fact that the .9999
( four nine ) purity puts them a step above . HOWEVER - all signs show that ASE’s bring far more dollars than the RCML coin . Since I did a 100% 401 k rollover into a self directed IRA in physical silver , this obviously is a major concern .
Your opinion please .
Thanks in advance .
“Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants - but debt is the money of slaves.”
― Norm Franz
Lead is a metal of shooters/ soldiers. But barter: during II WW hungy people was buying a bread for gold or bread/chocolat/nylon for puss...isex
The fact that silver is still so affordable blows my mind.
I have way too much money stored in Physical Silver. Hope I don’t get left behind 😮
@@stevesilver7437me too steve
@@stevesilver7437better to have it and not need it, than need it and not have it.
@@stevesilver7437you will probably be happy with what silver prices did today...and that's just the start....you will be fine.
Good point.. I think the Chinese keep it that way because that’s how they like it.
Come to think of it, so do I..
Enjoy your day
Dude, you are good. That's why record viewership and some of us popped open a separate tab to wait. You no longer need to do the J. Bravo shock-face promos and you you don't need to point at your head every video and self-identify anymore either. We get it. With or without hair, your message is valuable. Just do you. Thanks!
J.Bravo is intentionally 50% entertainment and 50% information. It's simply a different approach coming from two very different personalities.
J BRAVO helped make me a bunch of greenbacks, Swing Trading student of his... Haa love ur talk BALDGUY. Decdes long stacker 💱💱💱 We Are The Moneychangers💱💱💱
I love J. Bravo. 😱🔥
@@andyirons7162 ya losing $ on ur SWING TRADES BRO?
@@andyirons7162I stopped watching months ago lots of talk
Yes, please keep doing the entry level announcements on Gold and Silver
Part of me is afraid to see Gold go higher because of what it truly means.
Yeah of course… we have nothing to fear but fear itself my man.. this was a inevitability..just become prepared and stay happy and healthy.. wealthy and wise
truly means you will be rich
...wise...
😐
It is upon us whether we like it or not, better to be prepped.
It’s not gold rising so much as the dollar devaluing. The devaluing of the dollar is the unspoken tax from the government. When they began giving out stimulus and raising the national debt astronomically, this was always what was going to happen, regardless of the lies Yellen and the government spouted.
Straight to the point. Logical, pragmatic information.
This is one of the last times to think and act different ahead of the masses.
Happy Easter to all.
Fascinating update, I keep stacking both. It helps having NO debt. It is a WHOLE new world we live in, and you are right we are not going back to the 1990's. The sad part is the younger generation are so "dumbed down" they don't understand the practicality of stacking. Hopefully your reports will make an impact. They certainly are a wealth of knowledge. Keep up the good fight!
yes pls continue entry point, me too i bought, 1 maple leaf and 1 pamp suiss
Sad I missed the live chat. Thanks for the video.
Very helpful content. I have never seen the affordability graph of precious metals to personal income before. Thank you.
I do appreciate and would like to hear when you see entry points for metals. Happy Easter to all. Thanks, Bald Guy!
I went to my LCS yesterday as I go nearly every Saturday. He had more gold than he usually does. He has had a few people sell their gold because of the high price. I picked up 15 Engelhard Prospector Silver rounds, 1984 with Eagle on the back version.
A lot of sellers need the cash. Thus the heavy volume of selling and the increased inventories at the lcs s
@@timothybender7383 Agreed. This seems to me to be a classic case of buying more than some can afford to tie up over the long term. I'm not judging
anyone for this but do suggest that stacking some cash is usually a good idea too. Never let the market determine when you will sell out of need for cash.
I apply this same rule to my stock market investing and it has worked very well for a long time. I believe that professional investment advisors continue to
underestimate the value of owning cash, mostly due to their desire to manage more of our money, thus increasing their income. But I can tell you that in
2008 and in 2020, having extra cash on hand provided some excellent purchases of beaten down assets and considerable profits therefrom. These
opportunities would not have been available to me and other investors without our cash holdings.
How much did you end up getting those Engelhard rounds? I picked up some 2008 Libertads at $29 a piece in a tube. On a Saturday the LCS was going to close and I walked in and asked for the deal of the day.
@@1R3VOLUTION $31 each...and cool thing is I got the plastic Engelhard tube on the deal...those empty Engelhard tubes sell for around $80 each on eBay!
More boomers are cashing in their gold, they don't have much time left on earth so they want their currency now.
Thank you for this video!
Bought another fractional gold piece after watching your earlier video with thoughts on rising price. Next day, it went up. I enjoy your channel regularly. Thanks.
This information is absolutely brilliant!! Please keep this info coming. Few insiders are talking about this...
I also purchased a one ounce gold Cdn Maple last Sunday based off your advice, Bald Guy. It was gratifying to watch the gold spot price rise last week as you predicted.
Much thanks, sincerely appreciated!
And yes, you purchase predictors were extremely helpful! Happy Easter, BG!
Take a look at the 12-months historical gold price performance over silver's, and you will be doubly gratified. It's done a tremendous job as a wealth preservation insurance, that has no counter party risk over 5 decades.
I purchased an 100 gram gold bar last year and I can sell it back now with over 700 euro profit if I want to.
@@Danilo44 So, do you want to sell it? Just curious. 🙂
@edb3877 no not yet.
I think it's still will be going up because of the wars.
Ukraine is not stopping, it's going to get worse, even if Trump gets in the office because NATO has no plans of stopping right now.
And after Gaza they are going after Libanon, Syria and after that maybe even Iran.
That's when it's going to hit the ceiling.
I have bought even more last year and I'm up 1700 euro right now.
It's better than a saving account.
@edb3877 and I've heard that India, China and another country I forgot purchased tons of gold.
They have a valid reason, most probably
Yes keep informing us on the ups & down of silver and gold.
Yes, definitely, keep the indicator info coming 👍, and current prices etc
Excellent video, as per normal, well done, good points and well presented. Thank you.
I want to commend you on an educational and useful content for silver/gold stackers to make sense of issues, trends and insights on both metals. Your content is unlike other repetitive 'unusefull' YTs gold/silver contents. Liked.
Thank you!
Thanks, Roger. Your channel gives me all I need. Have a great April!
Thanks, you too!
Crushed the like button! Thank you so much for sharing this valuable information!
Yes please keep doing the entry & exit points
Good morning Brothers and Sisters! Great video as always BGM. Keep rolling them out. Happy Easter to all and keep stacking whatever you can afford. 🎉
Happy Easter
Great content as always 👍🏽 .. your entry point tips are on point and i hope you do more!
Thank you, Bald Guy. Once again you deliver great information.
Good morning Bald Guy, Happy Easter
Great video. Made my first purchase from Pimbex last Sunday based on your video. Thanks~
Great to hear!
I like your content very informational about precious metals. Keep up the good work!!
Great video. Thanks, Bald Guy.
Yes, absolutely- correct indicators are probably the most useful insight that you can share. Thanks.
This should be interesting, thanks!
Thanks BG for another great vid - I bought a few extra ounces of gold due to your thoughts in the last vid, so am thankful for your analysis that proved correct!
I think gold now being a tier one asset is a key driver that silver does not have, and though I have a positive view on silver, I do worry that if we have a deep recession silver may get hit badly - though silver may rise a lot before then - I find timing tough.
Keep up the great analysis. I enjoy your channel.
Thank you for the content BG!!
Great content, as always bgm brings it
All info is good, particularly yours. You have an understanding of the average Joe or Jane. Thank you BGM
I come from a less affluent part of Canada - I am not some New York City millionaire.
Big up to Bald Guy Money for another fine edition of the reportage. 😊👏🏾
Yes, please keep sharing the indicators!
Good, solid advice and information as always. Thank you.
The saying goes 'Silence is Golden', at these prices, I don't think I can afford to remain quiet anymore! Lol!
Thanks for the content!
Hey BGM, keep up the good work and any entry points offered would be appreciated. Thanks!
I appreciate you, Bald Guy!
Yes to entry points and gold to silver ratios to hold
Very interesting analysis. Thanks.
Thanks Bald Guy great video.
Entry point suggestions would be awesome. I'm subscribing.
Your facts are always useful, dude! Keep 'em coming. 👍
Central Banks and governments do stack silver! JPM is the custodian of SLV and is a big part of the Central Bank. DOD controls an unknown amount through the Strategic Stockpile Act and the US Mint controls an unknown amount of silver. Dont forget the LBMA or the COMEX.
Check out the IIBX, it is a nee exchange set up in India with no bankers involved in it. In the month of February the IIBX took in 76 million ounces of silver. I believe this exchange will set new pricing on silver down the road. Our COMEX is trading paper contracts and physical silver. The IIBX is trading just physical silver. When the price of silver rises on the IIBX, the silver will be bought from the COMEX and sold for a higher amount on the IIBX. Will not be good for western supplies.
@@BB-gb2eq A situation like that will increase the flow of silver from West to East. This will reduce the amount of silver in the West, causing
its price to rise here. Thanks much for the tip on the IIBX. I will add that to my silver pricing scheme as a primary indicator. Appreciate it. 👍
@@edb3877 You are welcome. There is also talk of the IIBX partnering with the (UAE) United Arab Emerates that should be disruptive as well. Hope this helps.
I believe you are correct about the flow that this will cause.
The nasty little details is that silver at the mint is for making coins like silver Eagles for investors or collectors and if there is a Strategic Stockpile it is for defense production if existing mine production can't keep up to demand. None of it is a official reserve or collateral to back debt or the official currency. Having gold and or silver coin as the official currency and money is not currently a reality. The powers that be are against the whole idea.
Always excellent analysis.
Yes very informative. I follow a handful of silver channels but yours is better than most
Bloody great video, just subbed, I’m in the UK, I’m very fortunate, I don’t have many outgoings, but recently I’ve only bought silver, as I think it’s still good value, keep up the good work sir👌👍
My father is from the UK - wishing you a great day. Thank you for watching.
Very helpful... thank u Bald guy!
Love your show.Thank you for all your content
Cheers!
Out of all the talking heads and metals Gurus, you make the most sense and I love following you.
Well done! My 30 yr old stack of gold and silver is looking so sweet, getting sweeter.
That is amazing Jim! And thank you for the kind words. Wishing you a great day ahead.
Thank you, great video
Please share entry points!appreciate your help.happy Easter
Excellent content.
Great info thank you 👍👍👍
Great Video, Excellent Communicator!! Thanx Bald Guy.
Cheers!
Yes, please do share entry points for purchasing the three precious metals. I would really appreciate hearing your opinion.
Good episode, very informative.
I watch, like and comment on all your videos!! Great videos, thanks bold guy
Thanks!!!
HI Bald Guy, I think this type of information is useful. Please keep on posting.
Thanks, will do!
Very interesting! Thanks!!
Great content
Excellent analysis.
I like your analysis BG
Love your gold updates. I use micro gold futures. Markets are open almost 24 hours. I bought when the standard markets were closed Sunday. I already have a good pile of physical gold. This is my leveraged play I can get in and out fast. 10 cent move in gold contract is a buck up AND down. Now before all of you run into futures do some research on how it works. You can get crushed quick.
Thank you Bald guy for the updates. You’re the best! I’m sticking to silver for now. It’s more cheaper than gold, and more undervalued from the public’s perception.
Great content BG!!!
Hello fellow bald guy! I'm a stacker also. Been collecting since I was a boy. I appreciate your information rich videos. Great job. Thank you for your hard work.
Thanks for your kind comment. Cheers.
Please keep sharing your entry points
Thank you, BG
Great Video BG., Lots of interesting Data today...
Thanks Rick - I really appreciate you man.
On point as always!
Info is very useful
In 2008, silver made a 6X move from it's low. The scenario today is far far worse but a 6X would put silver at $80-$90oz. Still under priced if you ask me compared to other commodities.
Great Video , Love this content.
Glad you enjoy it!
Thanks BG you have a no nonsense approach 👍. As a long term stacker the mantra must be 'hold the faith ' as the world’s financial crisis works through these turbulent times. The weak get washed.
Great program....I really like this channel.
Glad you enjoy it!
L.O.L., Gold is unaffordable at $2234 an ounce and digital make believe air (Bitcoin) is trading at $70,300 a unit that's a good one , thanks for the laugh !
I'm still waiting for the Bitcoin tulip bulb mania to crash. You can buy a really nice car, something of real value, with something that cost less than a dollar, 14 yrs ago. Doesn't make sense. It isn't even a real asset, it has zero value. It's not something that is needed. Funny how all the hedge funds and ETFs are clamoring to get some now. When will the Eureka moment happen when people realize that cryptos that come from nothing are just like and worse than fiat since no one knows who created it.
One of the guys who made crypto is in jail
It's $70,300 a coin not unit, your knowledge in crypto shows 😂
@@brycethomas6080so how much is the cost per unit then? Unless you just want to call it coin instead of unit, even though a coin is a unit of measurement for Bitcoin.
Please keep discussing entry points for PMs. Thank you!
Are you planning to pick/ picked already some gold this weekend as well in the wake of PCE data? Thank you for what you do as always. Happy Easter 🐣
I like when you share entry points with Gold Silver great video as us!
very good keep it up
Excellent job
I’m crazy bald too which gives me a second reason to watch your great videos!
Great video Bald Guy! I think there is a bit of a loop with a section of the video repeated. Might be worth checking it.
Maybe you accidentally went back - I watched it - couldn't find it. Thanks for alerting me though.
Dam good show 👏.
Informative 😮
Great content, thank you! I appreciate you sharing your knowledge and passion!
Question, do you have any knowledge about the mining and junior mining stocks? Is so, what are your recommendations if any? Thank you
Great video!
Thanks!
First of all Great Video Guy; as to the question of the other guy wanting to know if he can buy back in probably thinking getting lower prices, I would say yes to buying back in but No to getting product at lower prices, because metal suppliers and dealers that sell metals are not in business to lose money, so they will hold and not sell if prices go low.
the thing I thought about to protect a metals stach is options or contrary etf's to market indicies. it is all out there and used often, and Bald Guy di dnot mention a hedge at all...???? why????
@@george0r510 I cannot speak for him but I do know this for a fact, the smart money is pulling out of options and etfs and going into physical, I believe that there is a fear factor there that they could lose if they stay in. Myself I also believe the real thing is the best option if your not going to gamble with your funds.
@@george0r510 People are getting out of etf's and the futures exchanges and into the real stuff.
Didn't buy as much as you did but did get a good deal (only $10 over spot, private sale) on maple grams... I went ahead and bought three of them.. But did also do my big quarterly DCA in silver (50 ozt) and also got two of the RCM prehistoric 2ozt coins ( tiger and woolly mammoth)... Really enjoyed getting these for my collection as well as the kookaburra 2024 coin.... but yeah I did buy during that same time period as you when I heard the news come out of Russia... kind of wishing I did buy a little bit more gold but I just can't justify it for the price I was willing to spend... But now 2nd thinking it... But I can always play off the ratios and switch out to Gold later if I really want to😂.. Ty for the video as always, take care 😎✌️
I cannot justify buying gold with the gold/silver ratio.
Sounds like your a little silver heavy. Maybe consider selling some silver for gold 🤷♂️
@@nighthawk5301I agree. I’m not hating on silver, but I personally feel I bought too much of the silver hype when I first invested. Luckily I was smart enough to focus on the yellow stuff since then.
@@nighthawk5301 Yep....!!!
@@dorian1761 agreed. This is most people. No worrie
@@nighthawk5301 I knew going into it that silver was very affordable and the elites wouldn’t make it so easy for the working class to accumulate wealth. The price of gold and silver is the way it is, because they don’t want plebs in the wealth club. My intuition anyways…
Brilliant chart BG!
Ie how much Gold avg income could buy since 1971.
Thx a lot.
Great video bald guy appreciate the info. If, in the next decade we switch to a central bank digital currency, do you think they will try to peg it to gold ? And if so, with all the money that’s out there what would 1 ounce of gold be worth?
Enjoy your channel and the Patreon page. Have a good day and God bless.
excellent video