hey everyone welcome to bald guy money I am bald guy and last week I started my video off by showing you all that golden silver are nearing a combined total market value of $20 trillion now considering the level of global public debt I shared with you in that same video if we assume that gold and silver have to eventually catch up with that debt as central banks borrow and print more money to cover it it's no stretch of the imagination that we could see gold and silver at prices five times higher than they are today assuming a stable gold to Silver ratio which would bring silver to just above $160 an ounce and gold to above $113,000 an ounce now not only does this confirm the directional numbers I was sharing with you in last week's video and please note I had to make an amendment to the silver figures revising them upwards as there was a Minor error that I corrected in the pinned comment nonetheless this data should give stackers and investors who are both new to Precious Metals as well as veterans to the metals game a clear confirmation of why we are likely closer to the bottom today for Metals than we are to the top so considering those data points what I want to talk about in this video is how the global and US national debt Trends are impacting the prices of gold and silver today as well as how it is going to impact them moving forward in into the future as governments decide between a money printing scenario and a Metals revaluation scenario using that data I want to determine what price levels we could be looking at long term and if $110,000 gold and $200 silver are crazy dreams or if they have a basis in reality and I will finish this video by addressing two viewer questions related to the affordability of metals and fractional gold it also covers the consequences of central banks pushing regular people out of the precious metals market so be sure to watch that because it is very heavy on data and I think some of you are going to be shocked at the assessment that I present now just before we dive in please remember that I have written four free articles for all of you with my thoughts and Analysis on different precious metals related topics at Summit metals.com and for my American viewers if you are still looking for some deals on gold and silver we still have 1 G bars available for below $100 each we have deals on quarter ounce coins as you can see here on the screen and a very solid offer on Silver branas And as the red box above suggests you can even get an extra $10 off the quar ounce gold eagle by using promo code bald guy AG at checkout and I'll leave the links to those deals in the video description for you all below so jumping straight into it whether you are watching from Australia Germany the United Kingdom Canada the USA or wherever else it is in the world you may be watching from you have to understand that US debt directly impacts the price of gold because with the USA having spent more money than in 2009 when they were printing money to save the world's economy in three of the last four years US debt holders are starting to become concerned about the country's ability to pay that debt back and considering the fact that voters will predictably continue to vote themselves more money and more benefits the only hope for the country is an unlikely baby boom to offset the fact that there are less workers paying into the tax system every year for every one person receiving Social Security benefits and that means a huge source of money that the US government used to be able to spend that is money collected for Social Security is now gone as the cost to keep Social Security going has been higher than the program takes in since 2021 now for Americans as this table in the image suggests that means the Ponzi scheme will be totally broke by 2033 at the latest at which point a 25% cut to Social Security benefits will be implemented in the best case scenario so prepare yourselves accordingly for the rest of the world who are watching us politicians promise voters everything except for a new car to earn their votes it means holding money in the US dollar and us treasuries is simply becoming too risky as it seems nobody wants to address the spending issues the country is facing as a result along with weaponization of the dollar central banks of the world are preparing themselves accordingly to by diversifying their reserves into gold and away from the inflation risk of the US dollar now this doesn't mean an immediate end to the US dollar and I've been saying that here on the channel since 2021 it will take more time for this to unfold and we will know we're getting close to the endgame when we see one of these two things happen the first is a desperate attempt to reinstate a gold standard which would include a revaluation of gold to a high enough level that would cover us debts and give the country a socalled fresh start the other sign that the dollar has reached the end of the road would be printing or borrowing of money to keep programs that have run out of money like Social Security fully funded which I assume would lead to a sustained inflation level above 10% per year eventually going above 20% inflation at which point the country would slip into poverty as nobody would be willing to lend the United States money anymore except for at the tip of a bayonet now looking at the first scenario where the US revalues gold to cover it its obligations remember that at the start of the video I said gold and silver prices would have to be roughly five times higher than they are today to be able to cover the sum of the world's National debts but when we take the USA situation in isolation there are a few ways we can look at this the first way is that the price of gold will simply have to move up to match Global debt and a new Reserve System could be worked out to accommodate that bringing gold above $133,000 an ounce the second way to look at it is that the US dollar being the foundation of the Global Financial system is somehow a representation of all the gold in the world in that scenario a revaluation would bring gold to above $5,000 an ounce as it would only need to cover the USA's portion of the global national debt as opposed to the $100 trillion plus in total global national debt now the third possibility here which you can see on the right side of this image is a scenario that some people in the comments section of my videos think will play out and that is a situation where the USA's 8,133 tons of gold held in reserve or at least allegedly held in reserve are revalued to cover the more than $35 trillion the country currently holds in debt and in a scenario like that assuming the rest of the world played along and said we will recognize that the price of gold would immediately shoot up above $136,000 per ounce but the only problem with that fantasy with that scenario or any of these scenarios to be perfectly honest is that the rest of the world will not play along with it especially considering how many important countries are already unhappy with how the US dollar has been managed and weaponized what's more likely is something like this and you can now see where I added silver prices at a stable gold to Silver ratio versus today to give you an idea of where some of these moves would presumably bring silver prices but essentially what I expect to happen referring back to the two scenarios I showed you all earlier is I expect the USA to continue along its path Printing and borrowing money to maintain its Empire until inflation eats it and the US dollar alive and why I favor the numbers from Scenario number one as high as they may seem to us today they begin to make particularly good sense when we look at how closely they correlate with numbers I presented a couple months ago where I shared projections for a 10-year bull market based on the 2002 to 2011 run for gold and silver that estimated where we could be out to 2033 and you can see those numbers here on the screen right now and ultimately what I think these multiple data points which are pointing in the same direction for both gold and silver are showing us or at least suggesting is that gold and silver are following the debt Market with a certain lag and that what people in the early 2000s thought was impossible that gold could never do a 10x and be above $2,600 an ounce in their lifetime as gold was $260 in the early 2000s that it is not only possible but also very likely considering the fact that gold has done just that in a period of 25 years and considering how much faster money and information move in 2024 than they did in 2000 I think this post I made recently on X asking my followers what they think is going to be the Catalyst that stops the golden silver bull market perfectly sums up why I and many others are so bullish on precious metals right now now moving on to this video's viewer question and before I read it please remember that you can submit your questions in the comment section of this video you can also tell me what you thought of what I just presented do you think my price targets are too high too low do you agree with me on revaluation yes or no I read all of your comments your feedback is important to me and you never know if you submit a question it may just be the next one I answer right here on YouTube now this video's viewer question portion is a combination of two questions that I want to use to make a very important point and it starts with this one from crispy who in essence is telling me that buying fractional gold doesn't make any sense because you are paying more for the premium and getting less gold for your money as a result over the long term and crispy even went as far as to accuse me of favoring fractional gold here on my channel because of my association with Summit medals a very fortunate thing to say a hem especially when we look into the data and put Mr krispy's Theory to the test because I first came onto YouTube on October 16th 2022 before I worked with any precious metals dealer to tell people specifically by the way stackers on a budget that they shouldn't be afraid of fractional gold because incoming gains could easily offset higher premiums as long as you were being reasonable about the premiums you were paying and I am using 11% as a reference here as it's the price you can easily buy a quar ounce of gold at and it was also the promo price on the 1 g gold bars I was talking about last week now to remain numbers focused and using the release date of that first fractional video I did as a reference point to determine whether I was right or wrong about this topic I did a simple calculation to see what would have been the outcome of purchasing a/4 ounce of gold every 3 months from the date I released that video up until July 16th because we haven't quite reached the end of another quarter yet as we're still before October 16th anyhow by using this timeline it also gives us a clean 2 ounces of gold purchase which gives us a great platform upon which to measure it against buying full ounces so as you can see here buying a quar ounce of gold at an 11% premium every 3 months would give you 2 ounces of gold today for a total to of $457 42 which at spot price today would be worth $537 68 which is a return of 17.5% versus official Bureau of Labor Statistics inflation data over that same time period of 5.6% which is of course low compared to what the inflation has been since October 2022 in reality but considering the fact that we're not measuring the value of all the dollars from October 2022 because some of the purchases happened over the last two years some as recently as July 2024 I'd be willing to say that number may even have some Merit to it here and suggests that fractional gold was not a bad buy now taking that analysis out one step further when we compare that dollar cost average approach to saving for the full ounce when we compare the 11% premium on a quar ounce coin to the 3% on a typical 1 o coin assuming you had to start saving for the 1 o coin from the moment I released the fractional Gold Video waiting to buy full ounces despite the savings you get on the premium actually cost you more money than if you had purchased the fractional piece at a higher premium on a faster schedule and I understand the difference in dollar figures here isn't really that significant but that's exactly the point I'm trying to make here especially in an environment where the price of gold has been running Higher and Higher and this brings us to the second question for this video or rather comment I should say and I think it ties in well with the topic of fractional gold as well as some of the high price projections for both gold and silver I showed you earlier on in this video because Arn Higa said that and I am paraphrasing this a little bit it's a very long comment although what I say about price develop makes sense he or she doesn't see the price going that high because people won't be able to afford gold or silver at those kinds of prices and this is where I need you all to pay close attention because what each and every one of you must understand is that you are not competing against your neighbor or other people watching this video for gold you are in an intense price competition with central banks right now and here is a chart covering the period from January 2020 2 to February 2024 that illustrates just how much central banks are buying and when we're talking about central banks ones like the Polish Central Bank that just added another 420 tons of gold to its reserves believe me when I say that paying $77,000 an ounce or $10,000 an ounce isn't out of the question for them because as I've stated in past videos not only are central banks diversifying away from the Fiat currencies they've traditionally held in reserve in favor of gold in theory they can also at some point create the currency needed to purchase gold if they decide to do so and in past videos I have also argued that this is what modern confiscation of gold and silver looks like it's not a door-to-door seizure of your medals like some YouTubers like to say it will be it is a short-term incentive to sell your gold at a price you may not ever be able to buy it back at because with gold already reaching a point where the average Westerner simply cannot afford to purchase a whole ounce once the process of inflation intensifies or gets worse as countries print money to keep up with debts they cannot pay off with tax revenues we may still see a rush of people into gold as they seek to protect what little savings they still have left the only thing is it will be a rush into fractional gold because that is what they'll be able to afford and this is precisely why I have said and stand by my position that having at least a portion of your gold in fractional pieces that weigh less than one full troy ounce whether you're a budget stacker or a millionaire makes perfect sense because there's no doubt in my mind that central banks can afford gold as I sit at $7,000 an ounce or even $10,000 an ounce but I have concerns like many of you that the average person will not be able to afford those prices which means if we want our Stacks to remain liquid or easily convertible to currency should we need to make that trade in case of an emergency for example having some fractional gold will protect you from a world where gold is $10,000 an ounce so coming back to this table my position on fractional gold is this it's okay to purchase fractional gold at a slightly higher premium if it's all you can afford or if you're concerned about future liquidity like I am with prices running to the upside I've clearly demonstrated that since I made my first video in favor of fractional gold you haven't really saved any money by waiting to buy the full ounce and on top of that what you have done by buying fractional gold is you've guaranteed yourself that in a future where gold could be as high as 10 or $113,000 an ounce that you will have less problems finding a buyer for your gold if you have an emergency and need to sell some because my job here on YouTube is not to come here every week and and tell you what's happened over the last seven days bald guy money is not a Weekly News Channel this channel is a channel that interprets Trends to help you all prepare yourselves for the future I'm looking out three years 5 years 10 years down the line and I'm saying these are the risks that I see and this is how to prepare yourself and luckily my position with Summit medals helps me influence what we sell at discounted prices and I fight behind the scenes to make those deals compatible with what I'm saying here on the channel so to those of you who just think I'm here to make a sale at your expense all I ask you to do is to look at the numbers and think about your own expectations as they relate to the price of gold and silver and ask yourselves is bald gu say bald guy money saying is what he's saying making any sense I think you'll quickly come to the conclusion that what I am saying is perfectly logical and the reason you're not hearing this in other places or on other channels is because those other channels are just giving you the daily news with no idea of what the world may look like 10 years down the line so with that said I thank you all for watching please remember to leave a like if you enjoyed this content and share this message with with other people with family with friends if you think what I'm saying here is important and as I end all of my videos I want to encourage you all to take care of yourselves but also to take care of each other remember there are some floods and some very nasty consequences of the hurricane that have hurt people specifically in North Carolina uh I encourage you all if you have some extra disposable money to donate to efforts to try to help those people there as it looks like the federal government is incapable of helping them and you know what did Ronald Reagan say right the the the scariest words in the English language are I'm from the federal government and I'm here to help well it looks like they're not really helping those people so at the end of the video I just want to encourage you all in the spirit of of taking care of each other to donate some money to help those people if you haven't yet and uh I'll see you all in next week's video wishing you all a fantastic week ahead goodbye