Is Silver Going Back Above $30 & Beyond?
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- Опубликовано: 20 апр 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 From Last Week's Video:
www.pimbex.com/purchase-bulli...
In this video I talk about:
- Silver closing above a key resistance level for the first time in 11 years!
- What I expect silver to do over the next couple week as it tries to get above the $30 per ounce level.
- Why I think silver still has lots of room to run (historic indicators).
- What I think the catalyst to send silver much higher will be.
- I answer a viewer question on the topic of a pullback after the blow off top for metals.
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:
Gold Price History
www.macrotrends.net/1333/hist...
Silver Price History
www.macrotrends.net/1470/hist...
Top 10 Asset List
companiesmarketcap.com/assets...
Russian Confiscation Article
www.nbcnews.com/news/world/ho...
TLT Chart
www.tradingview.com/symbols/N...
Fear & Greed Index
edition.cnn.com/markets/fear-...
#silver #silverprice #silverstacking
Join the “Bald Guy Money” Patreon Community for great additional content: www.patreon.com/user?u=85209064
It's only $9.99 a month (discount for full year subscribers)! Price increases Monday, April 22nd - lock in the lower price now.
Thanks Bald 👩🏻🦲 guy ‼️
👉🏻💎💎💎 🥈🥇
What a dork. You’re late to the show. Hope this isn’t your day job. All this is common sense
This channel is for entertainment purposes only. It’s a scam. This guy is fake news
There is an old 5min video how silver is mined and manufactured on YT. The amount of time, energy, water & chemicals required really opens your eyes to how cheap silver is and has been!
Yes, it takes a lot of Energy to mine silver or gold !
@@markbarnaart2381not to mention political risks.
@@markbarnaart2381 and BitCoin 🤣🤣🤣
The price of silver is not realistic. Its influenced by the same mentality the stock market and banker hucksters trick folks with fear and FOMO emotions.
10% of world energy needs is required for the whole mining industry
BALD GUY, you are the most realistic silver /gold analyst out there. You're talking about $30 silver, and the video next in the RUclips line has silver at $500 and another at $700. Don't get me wrong; I love silver and want to see a price appreciation, but it's great to get a narrative that is not a fairy tale dream scenario. Thanks.
Don’t stack silver to trade back into the failing fiat system. Buy property or convert it into Gold when the GSR corrects.
Imagine the price of industrial silver related products and the downstream effects of $500 silver. A rocket from $30 to $500 would overwhelm the industry & the resulting effects would not be good for anyone. Rapid but more modest growth is sensible while still allowing stackers to increase and preserve wealth.
@@joshuakelleher-bw5dgwhat do you think a gsr correct will be to be able to convert to gold and will that happen in our life time,we always hear gold and silver to the moon predictions
@@royharris7135I’ve heard extremes as much as 10 ounces of gold will buy you an ounce of silver. I think realistically if it hits 30:1 GSR then I’d start converting. Now that could mean one of two things, or a combination of both. Gold is overpriced or silver is underpriced. I believe it’s more of the latter. Despite Gold being at it’s all time high, I think it will only continue to go up with the death of the dollar. If the price manipulation from JP Morgan ends then we’ll see true price discovery in our lifetime. I think they’re manipulating silver more and allowing Gold to increase more because the average person can only typically afford silver while the elites can afford Gold.
silj is a good play with along term call option
Good morning! Wonderful update. I purchased 40 oz. of Eagles on Friday feeling the same way. It is still a screaming buy.
Hey, im no tire pumper, but you have the best channel for metal (along with the guy with numbers in his name). Well spoken, and you come across as wealthy enough to not need to sell me something to earn a living. Kudos
I also like SalivateMetal and
Mario at Maneco 64
I look very much forward to more content from you Bald Guy!!!!!
It's coming.
I'm with you Bald Guy. I'm going to use my silver to pay off my home
Me too brother
It will be very tempting; hmm pay of house or eat on a regular basis..decisions, decisions..decisions!
@johnnew7707 A paid off house will make it easier to eat. BTW, both times that silver has hit 50 dollars food was cheaper than it is now
That’s great news Bald Guy that you’re going full time on your channel! I will definitely be watching daily. Thanks! 👍🏽
Thank you!
Predicting $500 silver is insane. At the same time, predicting $30 silver when it is already at $29 is no good either.
My 2026 price prediction is available and I reference it often. Feel free to check it out.
Bald guy and Rafi Farber would make for a great conversation
How about salivate metal and Mario of Maneco 64?…
With Jeffrey Cristian 😮
💯
Regarding real estate, one thing to keep in mind is that squatting seems to be a progressive trend which may reduce the desirability of owning property.
That said, Bald Guy, that was another EXCELLENT video and analysis. It feels like someone showed me the answers before a test. Very much looking forward to more content. This was the first mistake I ever heard from you about better content-I can't imagine how that's possible. Thanks for keeping us all so much better informed than the rest!
Agreed about realty.
Additionally, the ability for it to be taxed exponentially is also a huge factor.
Not much of a risk if you invest in the right states.
I would have thought the price of real estate would deter home buying or renting.
In the Roman republic an ounce of silver per week was a good middle class or professional income for soldiers and tradesmen. Given the 3 years pay rule 156 troy ounces of silver is the proper maximum average home price. Therefore the silver price ought to be home price / 156 troy ounces of silver at a minimum.
Silver to $35 next with high of $38 and low of $32. All this on inflation alone...Current price is due to inflation and still too low...
Those philharmonic coins are beautiful 🤩 good for you!
And in all 3 colors !
Nice job bald guy. My dad had 5 bags ($1000 fv) of junk silver back in the mid 70’s. Back when no one talked about pm investing at all (well, maybe a couple old timers like Jim StClair). My dad always talked about an exit point and was thinking about the next investment. He got 4 bags sold north of $25-30 and held on to 1. Overall a great return. I always chuckle at the stackers who say they will never sell😅. (Side note; those were the days when you could walk into most banks and sell your pre 64 coins). Probably before most people here were even born
In 44BC a Roman Soldier earned approx 225 denarius per year (225d/yr x 0.137 oz/d x 97% pure = 30 oz Ag/yr). So say a soldiers salary is $30,000/yr today ÷ 30 oz/yr = $1,000/oz. Have to factor in modern mining methods, cheap energy, silver lost to the trash......but.....Silver at its current price seems under priced based on history.
You only sell at retirement 😉
First time seeing your content. Probably the most grounded insight I've seen regarding silver. Really well presented. ✌️
Thanks. I hope you’ll watch a few other videos. You’ll see that it’s much of the same. Realistic and to the point.
Just found your channel and listened to your advice and reasonings.
I think you have the best and clearest reasoning and presentation on the metals RUclips format.
Keep up the style and simplicity and congratulations on going full time, but remember to keep it real and facts based.
I am in Australia and will now subscribe to your posts
Cheers mate! Love the land of Oz! I e got many viewers from there who are struggling to protect their wealth from inflation. I also like Cam Smith very much. All the best.
Excellent report
Thank you BGM. This is the exact information I was hoping for now.
Glad it was helpful!
Tremendous breakdown, I always have enjoyed the channel.
Great Video BG, be safe in your Travels...
Excellent stats, thanks so much for sharing!
You’re welcome!
Great video BG. Best of luck with your move and new journey making content.
Thank you!
Thanks man! Love your vids!
Cheers!
Good Luck!
Thanks BG for another great video! Safe travels and looking forward to seeing more of your videos! God bless you!
Cheers!
Well done!
Great start to my Sunday morning, BGM and hot cup of black coffee.
Cheers!
Thanks, man. Have a good week.
You too!!
That’s a great tool. Thanks for the download.
You have been here since before 1000 subs! I am grateful every day for your support brother.
Excellent video presentation. Simple to understand and to right to the point. Cheers.
Thanks for watching.
Super great insight, Bald Guy! You answer so many great questions that most of us would never even begin to understand without your diligent financial insight. Thank you so much.
Thank you for watching.
Hello Mr Bald Guy ☀️
My precious silver is shining today
Aww Dude! Silver Philharmonics are perhaps the most beautiful coin made. I love the polished edges. Good buy!
They are nice and reasonably priced.
Thanks bald guy great video 😊
Good luck bud for the new journey 👍🏼
Thank you.
I like your analysis 👍
Glad to hear that!
Thanks BGM
love to see your content.
Glad you enjoy it!
Bald Guy & Andy Schectman are the best analysts out there. Thank you for your perspective on Silver
Cheers!
I enjoyed your realistic comments and have subscribed. I believe there is some time coming up in the future a year or two away that it will be time to cash in your silver and buy goals or real estate.
Re: silver, gold, brass, real estate, cash, bitcoin, Wall Street. Best to have a basket for each category, even if the basket is small. *No* one has a lock on what the future holds.
Someone does.......read your bible!
Well put.
Bald Guy, i greatly appreciated hearing your thoughts and you have given me peace of mind in my personal life plan concerning metals 😊 thanks much 🍻
Cheers!
On Friday I paid $80 for one ounce of silver. It is a rare vintage bar that I have always wanted. Usually they are $200 plus when they show up on eBay and I scored it for $80. Its a 1975 "Death Valley Mint" with depiction of D.B. Cooper jumping from the jet that he just highjacked. I have my "silver stacK" about where I want it to be, now I have switched to vintage silver one ounce art bars from the 1970's, 1980's Engelhard Prospectors, and vintage 70's/80's rounds.
Good Afternoon Bald Guy ! Keep on Stacking 😊 Safe Travels
🖐
Good video. I too bought Philharmonics last week - 25 of them. The week before I bought 25 silver Krugerrands. I may hold off this week, but I will take a look Monday. (It is Sunday night as I type this.) Happy travels!
Good thing we waited :)
Let’s go! It’s about time.
$30 silver would still be historically cheap. The excitement starts when the $50 ATH gets taken out.
In 44BC a Roman Soldier earned approx 225 denarius per year (225d/yr x 0.137 oz/d x 97% pure = 30 oz Ag/yr). So say a soldiers salary is $30,000/yr today ÷ 30 oz/yr = $1,000/oz. Have to factor in modern mining methods, cheap energy, silver lost to the trash......but.....Silver at its current price seems under priced based on history.
Buy silver slow and steady! The turtle wins the race 🏁!
I already can’t wait for the next video in a week…
Ball guy money. Good luck on your full-time job on RUclips. I know you are going to do very well my friend.
Thank you!!
Yo BG have an incredible day!
I completely agree. I understand the concerns that we could repeat 2011. A lot of folks who purchased metals were pretty disappointed in how they came back down after the peak. The thing to remember is this isn't 2011 and it won't have the same driving the price of metals. Thanks for everything, Bald Guy!
Cheers! Thanks for always watching an commenting.
I dig that you're talking in a little window while you're showing us your graphics, now that's awesome Bald Guy...😮🎉
A viewer suggested it and I just ran with it. My views have gone up since I started. I wish I could remember who suggested it - I’d give them Patreon for free.
It was me.... I remember you used to talk off camera. And we could see you moving through a little slit on the bottom or side and I made a comment to you and you said you'd look into it... About putting yourself in a little box up in the corner you actually can put that box anywhere you want while you're graphics are displayed on the main screen behind you.... 🙏🏻👍🏻
It looks great by the way....🤩
@@baldguymoney5568 it was me... 🙏🏻
Send me an email - let’s see why we can do. I am not sure how to give it away (Patreon) - but I can try.
Good morning Mr Bald Guy
Hi!
Thank you❤
Now your answer and all of your post are golden! Thanks for everything! I don't know if the Fed will lower its rates and print money, but if it does I expect the US dollar to tank which would bring more inflation and a mad run on precious metals.
I’m so glad you saw it!!
I too will use Metals to purchase real estate in the near future as we move towards price discovery
Take it on the run baby ❤
Great consistent commentary!! Great Job. BG. More content>>>> fantastic Cheers.
Cheers!
I think you are more realistic than some of other sites. Ultimately it may need an actual silver shortage to make it move a lot. I’d like it to move as I have 130kg sitting around. I have done ok as the Australian dollar has moved down and the exchange rate has been in my favour to the tune of $14 au an oz since I bought it.
Thank you! Hold it and cost average!
Different this time... watch, GOD SAYS SILVER
Really enjoy your videos, I hit my stacking goal for physical silver earlier this month. In the future my “silver” purchases will be in the form of stocks. I am still buying physical gold on the dips as I am not at my goal for gold. Have some mining stocks, which are performing slightly better than the physical metals.
Thanks for watching! From one golfer to another.
Well done by.
Great info here. Have you done a video on gold back IRA? Thanks in advance.
Gold IRA? I have not done one. I am afraid I am not the best person to talk about that topic. If you have any questions about them, Pimbex can help you free of charge.
Thanks BGM
Good aye from Australia bald guy. I admire your content and your ability to relate to the everyday guy.
Hey Andrew! Thanks for watching. We all put our trousers on 1 leg at a time.
Yes it is and very very soon.
Good show as always. My question would be is it better to hold the physical silver or too hold stocks of silver like SLVO, SLVR, and SLV?
The reason why I ask this question because I don’t see the dollar becoming like Weimar Republic Marks, or the Zimbabwe dollar anytime soon. So with stocks it’s just easier to sell then physical silver. Truly I own both physical and stocks of silver.
Perfect, Just Perfect......👍👍👍👍👍
Great video and outstanding analysis and information. Take care.
Thanks for watching.
After a careful reassessment of what I have, I realize that I don’t need to stack as much as I use to anymore but at the same time I do love stacking so I’m only going purchase rounds and maybe 5 ounce bars here and there. I’m concentrating on stacking cash for now. I’ll have to fight those urges to buy more😂
I just bought a 1 oz. Gold Maple from Walmart (online) for 4% UNDER spot !!! I used my Walmart credit card, which gives 5% cash back for all online purchases. I'll be buying several more this month.
That’s amazing! The pullbacks taste best :)
I agree with your plan. I'm holding mostly silver, looking to swing it into gold when the G/S ration gets down around 20, then I'll switch gold to real estate or dividend paying stocks when the DOW/Gold ration gets close to 1:1. What is your expectation for TLT? Did I miss your prediction? I'm assuming the bond rescue means the FED will drop rates. Thanks.
My LCS has been flooded with back date Maple Leafs and is selling them for $31/ea., I picked up a tube.
Awesome!
The king 👑
Hahaha thanks!
Keep trying.
Don't be discouraged.
Greatings from Germany
Silver will massiv go up, because I took a look at a german RUclips expert like you, who explained, that the Chineese government told their people to buy silvver…! Let this sink in….! 1400000000 people which are told to buy silver….!!! If this happens, the price will go up like a bomb…!
Also china is buying massive amounts of silver under cover of producing massive amounts of solar panels and EV's. Janet Yellen just went to china to tell them to stop buying so much silver. Because it is the achilles heel of u.s. banking. Luckily the chinese told her to get lost, your the ones promoting this fake green agenda.
least "sensationalist" PM youtuber. no doom vs. lotto wins,just information. A+
Thank you.
Dropped 5% here in australia at the opening of the market on Monday morning.
Yes! I am watching the market opening too. It is bouncing down off the 11-year high close. Nothing to be concerned about.
Bald guy, I disagree on the pullback because we're going to see something we haven't experienced since the after WW2. A currency loosing world reserve status, in other words the US dollar is going down precipitously and metals can only go up.
Ok. Let’s see.
Thanks for sharing your thoughts.
Totally agree with the reserve currency angle. We are going to see lots of movement in Ag, including "pull backs" on the slingshot as it rockets higher. The dollar is going to zero. It will take a couple more years, or maybe sooner if we get blown to Kingdom come...
Cool ty
The last silver I bought was 2/26/24 and I paid $23.46 for Buffalo Rounds. Thanks for your analysis.
Was a good buy
They really hammered the metals on Monday 4/22 . The DJIA is up
They sure did! Tons of people shifting paper profits into beaten down stocks. A swing trade.
Aloha BG$. 👍
Yo!!!
If the dollar is screwed, owning physical gold and silver make so much sense for so many reasons
Silver was $35/oz in 1980. Adjusted for inflation or deflation of the fiat currency, silver should trade around $132/oz. Before that happens though, a nasty recession is in the cards which will send gold/silver prices tumbling. I think we will see close to $10K/Silver Eagle Monster Box (500 coins) one more time toward the end of this year or early next year. I am planning to sell my gold soon and buy back in silver.
Interesting. Well they are doing their best smoke and mirror routine to avoid anything before the election.
An overlooked consideration for your analysis of the future silver price. Post 2011 the synthetic paper market was still in control of the COMEX price fixing system. What is driving the spot price of silver today is the control of the spot price is moving to Asia instead of New York. The intrinsic industrial and monetary values will be controlling factors. By keeping the price suppressed for so long the silver production is not meeting yearly demand. Fear will drive the silver price beyond $50 into triple digits but the historical pullbacks you reference will be greatly reduced. The COMEX losing paper price control will be a completely different silver market in the future. When 1.4 Billion Chinese investors start buying silver beads it will be a different environment.
Nice comment - I appreciate it.
Hi Bald guy. Great video as always. On your silver spreadsheet determining cheap or expensive, are you taking into account the variance of premium? That should also have an effect on determining cheap or expensive. Thoughts?
Good point. I am paying only $2 more than any time in the last 3 years with lower premuims.
It's spot price only.
Go back to August 2020 my buy price was between $22 and $23oz, I have stuck to that as a stacker.
I missed out on the recent $24oz and am now sitting on the fence waiting to see if silver will drop in price to $27oz, only to go back up of course to $33 and above over time.
Since August 2020 the Silver price has been around the $27.50 mark 4 times, the price also nose dived in August 2022 to a little below $18oz. Panic time, not really, maybe a bit.
No time to panic.
Nice Job Bald Guy. You are right on. The problem with real estate is the high rate. Public is selling gold and silver to the max unlike 2016 or 2020. Wave 1 from 11 to 30 in 2020 and wave 2 was 18 in Sep 2022 so the min target is $47. Now forget about public. China and India are buying hand over fist. Cedit Crooket Swiss, the money lauderer was buying T bonds and selling gold and silver in 2013 until 2021which they started going bust (due to Ukrain and metal prices). The damn Russians were also selling in 2013 (silver). They also sold mortgage back securities in March 2008 (what happened to them afterwards)?
was thinking of a one bed room condo under 500k in toronto prices coming down finally houses scare me its tough too expensive and alot of up keep
Don’t rush into real estate - put a plan together and then confirm if it’s what you want to do.
I really enjoy your content mate. Agree with your analysis - did you know that up until 1920, the british pund stirling gave you 3.33 troy ounces of pure silver in your hand? That's about 3.33x£23.25 at close of play Fri last. So the QE cycle as the banks pop off, accelarates that devaluation effect regardless of where the blow off top is, implying a rather less drastic than -71% drop past peak. (As measured in Fiat - I wonder about housing?). Good news regarding you increasing YT focus and output. All the best, Chris
Thanks Chris!! That’s really kind of you to say and thanks for the interesting comment. I think it could also be less drastic vs. housing but requires more research from my side.
I have been collecting silver since 1964. I think there is a bottom around 22. If it is forced to this level people will bail Stackers will be rewarded if they hold. 50 will also cause people to sell. Remember there are many mines out there . I think you take a position and hope for the best.
In Gold we trust $8000 coming
For a 1/20th oz Libertad..
Bold guy money 👏👍👈
Bald Guy, can you explain how to sell our metals if for example gold goes to $24,000.
I shake my head everytime I hear this question. Why would you want to sell 24,000 an oz gold back into fake collapsing fiant currency ? Gold is money. At that price, buy a house with it, or a car, or land, or any valuable commodity.
Screw the correction.... it should be gold and silver to the moon and beyond !!!!!
Yeah - but we are seeing a bounce already this morning.
This time may be different.. gold probably makes higher highs and lower lows
If you've answered this question before, my apologies. During a dollar collapse/ reset what happens to money that is in 401k’s and pensions?
Will it the same as what's in the banks, just gone?
Bald Guy, would like to hear your thoughts on when (or if) the miners are going to start picking up.
Miners are up about 25-28% in the last few months... those of us in BG's Patreon started buying about 4-5 months ago.
I have to echo what Rick said - my Patreon members were mostly early to the trade.
@@baldguymoney5568 Thanks, Bald Guy. I was very early to the trade (2022), and wondering when they might come back up. Looks like it has already started to happen.
Yes do YT full time