Will Silver & Gold Prices Crash When Unemployment Goes Up? A Full Breakdown
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- Опубликовано: 9 дек 2023
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Check out www.pimbex.com/ for all of your bullion needs.
Great prices & great service.
Link To The American Silver Eagle Coins Featured In Today's Video:
www.pimbex.com/purchase-bulli...
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In this video I show you the link between the price of gold & silver and unemployment. It covers my outlook for 2024's job market as well as how I expect Gold & Silver prices to develop.
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!
Link to source data:
US Job Opening Data
tradingeconomics.com/united-s...
Australia job Opening Data
tradingeconomics.com/united-s...
UK Job Opening Data
tradingeconomics.com/united-k...
US Unemployment Rate Data
fred.stlouisfed.org/series/UN...
CNBC Article on Unemployment
www.cnbc.com/2023/12/08/jobs-...
Gold Price Data
www.tradingview.com/symbols/X...
Silver Price Data
www.tradingview.com/symbols/X...
Central Bank Gold Purchase Chart
ibisingold.com/article/detail...
Reuters Article on Labor Costs
www.reuters.com/markets/us/us...
#silver #silverprice #gold
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Rumor has it you block and sensor people with Christian point of views just like Twitter, Facebook, Instagram and the many other far left Satan worshiping organizations.
BGM, I said this many times, and I'll say it again: This time around it IS different. We have many countries working hard to dump the USD. The debt loads, pretty much world wide, are at unseen levels in history. Eastern Central banks have been hoarding metals for the better part of the last decade. This NEVER happened in past crashes....Hmm? Why? Because this time it's a world wide reset of the system!! Remember the old adage about The Golden Rule: "He who owns the Gold makes the rules!" Which brings me to the mining stocks, if you are going to invest in Canadian mining stocks, keep in mind that our Communist Gubers have seized bank accounts in the past, and WILL definitely Nationalize mines when the shit hits the fan. So buyer beware! I'll leave with my usual tag line: If It Ain't In Your Grubby Little Hands, It Ain't Yours! Period. Cheers
Bravo, you said it all
The great taking isnt just a mantra, it's also a book since this year
Hey sarge I agree wholeheartedly 🤝
You ain’t seen anything yet.
Yup...it's gonna be a hard landing. Hang on.How have you been? Miss seeing you on the stream ;-)
@@bellydancerabiar7809
I saw that...lol. It will get ugly. Stay safe!@@michaelbouillon1241
Be your own central bank. Buy physical.
Belly GTCU 🍯🐝🌻
All praises to that!!
Love this video! Very informative, thanks
Cheers Bald Guy🥃
Thankyou from Australia
Glad to see another Czechs watching your content!!🤸👍
Yes!! I like Czechia very much. I spent a great week in Prague some time ago. I really got a taste for Krusovice during that time.
@@baldguymoney5568 that's awesome!! If I didn't stop drinking about 8 months ago... Krušovice would be my go to 🍺👍
Thanks!
Thank you so much!!!
Another great video Bald Guy. Very insightful and educational.
Thanks for watching.
Thanks brother always appreciate your content 🤝
Cheers.
Morning Bald Dude
Hello!
One of your best today. 😊
Cheers! Thanks for watching.
My theory is that silver price is the only true price of all assets. Everything else is inflated due to excess money. Look, you cannot keep a price low if demand is high, in this case, industrial demand. If industry can get the silver it needs, no price rise. Investment demand is an elastic luxury, not a hard demand so that demand can be manipulated down by painting the chart bad. The increase of silver demand to feed the new bullsh*t green energy revolution cannot help but raise industrial demand, unless it's all a facade.
The silver price is not a true price!! It's the paper derivative price! Bears no reality to physical value
Interesting - I would argue that it's one of the most undervalued asset.
I'm saving cash to buy a bunch of the limited mintage Bald Guy Money 2 ounce silver rounds when they are released.
LOL!!! Maybe one day.
Great Video BG, Thanks for the hard work.
Thanks Rick - getting back to the world now that I have Christmas squared away.
Glad I found bald guy. Government lies.
Your viewers are so blessed by your videos! You always provide excellent information that the media often times neglects. Merry CHRIST-mas to you and your family Bald Guy! God bless you!
Thank you so much! Merry Christmas to you too brother.
Good video BG
Glad you enjoyed it.
Would love to go back to the 1992 Gold prices, will never see that again.
Same here.
Always gaining insight here, thanks. Sorry you're having problems with your brother-in-law.
Hahaha - my sister-in-law already solved that problem.
Good morning BGM...notification didn't work this morning fyi😊
Great video. I can’t imagine a g/s ratio of 100+ lasting long. It happened in 2020 but was brief.
I don't think it will either. Eventually I see it going below 60 for a period of time.
Hey BG - You must know some of my brother in laws! 😂 The US labor numbers are crap. As always I enjoy your content. Cheers!
I had been unsubscribed?? Don't know how.
Love your videos. Like 2 is 1, and a few others, you are pragmatic.
That happened to me with other channels. It seems to be a thing that happens on RUclips
Strange! I love 2is1 too - he is a solid guy.
As I watched I kept making comments and questions. Then you answered them. I kept deleting as I watched.
Nice job in your presentation
Glad I could answer your questions Beebob. Have a great day.
Agree with your analysis and use a similar method to you re GDXJ. Once GDXJ moving averages and volume say "Yes", then time to buy.
EPS (Earnings Per Share) is very telling as it is the engine that drives the share price. Juniors need a catalyst to drive the share price forward; normally project advancement to pre-production sweet spot.
The advantage of using GDXJ is that currently undervalued ripe for Company MandA; this will only come from the three P's: People (Experienced), Politics (Pro mining jurisdiction) and Property (Good grade with low AISC and Bankable Feasibility Study undertaken) happened.
2024 will be a year everyone looks back on re bullish PMs and Uranium.
Charlie.
Thanks for your thoughtful comment.
i wonder what the prices of metals would be if cryptos didnt exist or go to zero
Great question - likely higher but I think Bitcoin is here to stay.
Forget the silver and gold buy palladium - the best deal in the century.
I don't agree with that - but I wish you best of luck with it.
That unemployment rate number is a lie!
I would consider the Royalty Trusts as far as the miners go. Maybe a few exploration penny stocks just for kicks
Well, Martha and I had our first fallout. We were leaving Mexico 2 weeks ago, and Marthas 2 additional tubes fell out, right as she was walking through security. As a result, we both got arrested. During the full search of our persons, 16 additional tubes of silver were discovered. We are now broke and hopeless.
What !?
Is this a real thing that happened or a joke I don't understand
LOL!!! I have missed these comments!
As we have heard they say we are going to CBDC, my question is do you think they will try to claw back change that we use I know that paper currency is made by the Federal reserve and coins are made by the government, about 10% of my portfolio is in silver eagles and 90% silver, IMO I believe we are coming into some very rough times for middle class I thought that after 1965 minted coins might be good for bartering along with 90% silver I have been saving my loose change for around 25 years
I don’t think so. They would have done it before with “junk silver” if it was so important. I don’t see them changing their minds now. The future is digital in their eyes.
Wazzup baldy?
Hey hey hey!!
Dear Roger, just for fun, would you predict the 2024 price of gold under three scenarios? Good economy. Bad economy. War economy. I appreciate all the work you put into this, that is why I am a Patreon subscriber. I know there can be various shades in the three categories, like for Bad economy, recession, depression, etc. I pray there is no War economy! Thank you!
Ed!!!! I love this idea! I will make my next RUclips video about this and dedicate to you brother.
Wow, that blew me away, seeing this first thing this morning - 3 am - when I start the day. Perhaps the more I listen to you, the better my questions get. Thank you!@@baldguymoney5568
I purchased five grams of palladium, The next day it went up seven dollars. Palladium is at the lowest-priced point ever.
Fingers crossed for you.
Quetion about stocks, and miners in particular: Is there a way to buy stock so that you get a stock certificate in your name and not held in the name of the brokerage with you as only the "beneficial owner?" What motivates this question is the book, "The Great Taking."
Even if you get the certificate it doesn't matter anymore because the way they've got the system rigged they can still just take it from you the certificates are meaningless even if you have them
Hi Jeff - I need to check that book out. I haven't had time yet. that said, I don't know if you can get a certificate and I don't know if that would even help you. I don't worry so much about things that have a small chance of happening or have never happened before. That's what my physical gold is for.
Thanks for the reply. Check out the book when you have time. @@baldguymoney5568
I've generally stayed out of mining stocks and instead invested in the wider market while buying gold. Maybe it's time for me to take a closer look at miners too. Thanks!
I have been a bear on them for so long - only just changed my mind recently and those investments are starting to turn green.
In Germany the industry is going bankrupt with the speed of light.
What industry is going bankrupt ?
I have seen how quickly the country is deindustrializing. Very sad - voters should fight back.
@@baldguymoney5568 unfortunately the germans are very obedient. After Japan the most obedient people. Mass unemployment is coming...
Stack stack stack
What about credit unions? Are they safe from the reset?
Depends on the risk level your Credit Union is exposed to. Usually they are safer as they take on less risk - but that depends greatly on a case by case basis.
The big assumption is that market prices for gold and silver are legit which from a certain point of view they are not.
Gold is the best investment for the next decade
Silver will be right on its heels .
Lots of people working 2 jobs because they can’t make ends meet! This economy is not good . Have a great day ! Very good video!
When I hear anyone talk about metals and use the term "near certainty" red flags go up. Call me skeptical.
That's ok - I use stats and math to support those statements. I am not trying to sell you anything - only share my experience as a successful investor and builder of wealth.
🙏
It's too bad Pimbex does not deliver to my state.
Sorry to hear that - they are great and they're growing. One day soon hopefully.
@@baldguymoney5568 okay, I just think it's important not to advertise it as universally delivering to the US. I live in Minnesota.
Ahhh yes. You guys have different laws there. I don’t mean to intentionally disappoint.
First. So Bald Guy, do you not think that silver will hit $50 dollars again then?
I honestly doubt it's hitting 50 until the banks fall..they won't let it. Same as they smashed gold and silver down with the paper market... they are working to etf bit coin as well so they can manipulate... hold tight 2024 will be turning point as everything collapses
Not if. But When
I think it will - by 2026. I am looking for $60!
Your comment about jobs in Australia does not compute, many industries ca not find workers. Police, nurses, doctors, childcare, age care, trades, teachets, mining......all describe labour shortages at crisis levels. Everyone that wants a job has one and the labour shortages are endemic. There has never been a market like it. So no unemployment is not a problem in Australia, getting workers is
Others have disagreed with you in the comments (from Australia) - but I am sure there are shortages in some sectors. There always are.
@@baldguymoney5568 don't know what data they are using; teachers and police have shortfalls in the thousands. I mention those sectors because they are the easiest to verify. Basically every person in Australia that wants a job already has one.
This does not include the effects that the new BRICS system will have on gold & silver.
There is no system yet - let’s not count our chickens before they’re hatched.
I believe that it's supposed to go in effect on the 1st.
Hey BGM, thanks for the great content again.
My question to the viewers is has anyone seen the movie conspiracy made in 2017? I know it’s only a movie but they have a habit of predictive programming the masses. It basically about the Fed stage a cyber attack on the stock market and creating bank runs worldwide. Oh and the fed warns the big banks to sell just before the crash and buy back once the storm is cleared lol
If you haven’t seen it I would recommend it 😊
This is not against your advice to buy mining stocks just wanted to share it 😊
I’ll have to check out that movie.
I like your analysis, but I am retired and hope that the metals will start to show some growth soon. I want to believe all these videos, but it seems like they continually get slammed. Not confident in the US dollar either....not sure what to do.
Hi - thanks for commenting. Please let me know what your expectations are. I can share with you my thoughts on whether they are realistic or not. I think most RUclipsrs set unrealistic expectations.
@@baldguymoney5568 Ty for responding. I really like how you explain things on your shows. I heavily invested in mostly silver, withdrawing from my IRA, based on the reports that seem to indicate the death of the dollar. Mostly, I would be happy with just maintaining what I’ve worked for my life, but I guess my biggest fear is that they will smash it down to nothing. Because it’s in an IRA, I can’t hold it myself, and quite frankly wouldn’t want to, but I listen also to Bix Wier who says, “If you don’t hold it, you don’t own it”. So I guess I am also nervous that if the SHTF, it will be confiscated. The bottom line is, I invested in metals, because right now I feel the fiat currency is the greater risk. Ty so much!
China, Poland, India and Singapore are the biggest buyers of gold and silver in 2023. Somethings boiling. Probably CBDC imaginary rainbow cloud 9 Currency will be the only way to go, not raising / lowering interest rate.
Your videos are a great resource and I never miss your weekly videos on RUclips. I am hoping you can clarify on the perception of current or future silver supply deficits that is pervasive among the silver stacker community, including in some of your recent videos.
Jeffrey Christian of CPM group believes that the data pointing to a deficit, such as the often quoted Silver Institute's, are flawed because they count investor demand as part of total demand even though investor demand adds to the above ground supply (reference video starting at 31:00 mark). Can you address this this alternative viewpoint and whether/how that changes your price predictions in a future video? Thanks!
Reference Video: m.ruclips.net/video/J7zsaDygLdI/видео.html
Thank you !!!!
I have the VERY SAME CONCERN concerning silver ; AND Mr . Bad Hair from CPM tells anti - silver sentiment enough to keep a 13 year old with 2 oz of silver under his pillow awake with nightmares …
Mr.Bad Hair 😂😂
Jeffrey Christian is not crazy by any means. I think he’s right to question Silver Institute numbers. That said, the truth is likely somewhere between what he says and what moonboys say.
Great Video BGM. I have been DCA miners and I don't see much of a downside vs the rest of the market. Jobs are certainly tighter in USA than the indicators mention especially the higher paying jobs. If Biden gets re-elected, we are all screwed. My prep is good but now I need to extend my prep to cover 2-3 years. May peace be in your home and the world this Christmas Season.
The downside is minimal on miners. We are coming out of a 10 year bear market. Wishing you peace and blessings this Christmas Ken!
SO SILVER GOES UP ABOUT 45% AND GOLD 66%?! SILVER USUALLY OUTPACES GOLD IN BULL CYCLES!
Silver lags 6 to 14 months after gold
True - but this is not an analysis of bull cycles but of employment cycles. I hope that clarifies any doubts you may have had.
NAFTA?
Was Nafta the trigger of the sell off? Good question!
@@baldguymoney5568 Ross Perot...the sound of of our jobs being sucked out of America...but I think it's bigger than we can imagine
I have watched the debates with Gore many times. He was right.
Metals won't help anyone! Federal Reserve notes will help people. The only people that did well with metals are those that bought them over 20 years ago!
The US will do whatever it has to do to keep the US dollar alive
Gold is up 12.8% this year alone and 53% in the last 5 years. If you think $2,000 is expensive for an ounce of gold just wait 5 years when the money supply goes up 2-10x.
Your comment made ZERO sense .
A week before Covid - I bought physical silver through a self directed IRA - and 6 months later I had a $134,500.00 profit …
That’s a statement that is crazy .
Last November of 2022 - physical gold was like $1,600.00 an ounce ! Do your research .
No disrespect intended .
I think BillyBob is being sarcastic.
Tin foil hat time, they inflated the job numbers because three declining months in a row is a recession by some indicators. They’ll revise the number next month.
Could be - the numbers are certainly manipulated.
Second 😂
Being second isn’t anything to toot your horn about. 😂
@jayv9286 better than 5th lol
I'll argue one factor on government jobs being the worst. My old man had a government job and he had some of the best benefits that are unheard of in the private sector unless you're paying for it out of pocket.
Yeah. It’s great to have one 😂 but they’re not productive (for the most part - I’m sure your dad was a hard worker) and they cost taxpayers a ton of money!
I only know a couple of gold stocks. Clarity Metals CLGCF use to be clarity gold and USGO . Anyone know of some others?
Berrick Gold
Newmont
Weaton Precious Metals
Fortuna Silver
@rudeawakening3833 thank you 👍✌️
You bet
Good luck “ looking “ at these .
I am not giving financial advice ; I don’t own these YET .
I myself am waiting for the big crash -
THEN I’ll be looking to buy these particular ones …