hey everyone welcome to bald guy money a couple weeks ago I updated our top International Silver ownership numbers and for those of you who missed that video here are the results with the new range to qualify for each tier underlined here in the pyramid with the old range underneath in parentheses for you to compare to what was needed to qualify last year so for example to be in the top one percent internationally this year you need to have a minimum of about 492 to 646 troy ounces of silver to qualify whereas you needed 406 to 541


troy ounces in 2022. with that recap out of the way we're going to dig a little deeper into these numbers just as we did in 2022 because in this video we are going to cover a very quick reminder of why so little silver is needed to make it to the top one percent worldwide I'm going to give an update of how much silver is needed to be top one percent in the USA as well as an update of how much silver is needed to be in the top 0.1 percent in the world and the USA in 2023. just before we get into it I


wanted to let you all know that the analysis tool that tells you whether the price of silver and gold is cheap or expensive is available right now on my patreon as well as my latest video on how I would invest one hundred thousand dollars using a conservative and aggressive approach across all assets not just silver and gold link to join is in the description and the pinned comment your support helps keep this channel sponsor free so as I said we're digging a little bit deeper into the top ownership numbers


just as we did in 2022 and I want to start off by telling you all just how lucky you are because it seems some of you have forgotten or missed the message from last year and when I see comments saying that's not a lot of silver to be in the top echelons of silver owners it really makes me shake my head because to even qualify for the top 20 percent worldwide you need at spot price today about one thousand dollars worth of silver and considering the fact according to this 2023 Fortune magazine


article that 57 percent of Americans that's people in one of the richest countries on Earth can't afford a one thousand dollar emergency I just want to remind you all to be grateful that many of you can keep that much money and more stored in silver Boolean now I'm not making this video to lecture you I just wanted to highlight the fact that when given the choice between get rich slow and go broke fast most people pick the latter because as Charlie Munger said great investing requires a


lot of delayed gratification and a group that knows a lot about delayed gratification is the often maligned one percent people who have more than the 99 below them and as mentioned in my top silver stackers update a group of people whose wealth is growing significantly quicker than any other group because as you can see here to be in the top one percent worldwide you now need a total net worth of one million dollars and that's up from eight hundred seventy one thousand dollars when I did this


video in 2022 and to be in the top one percent in the USA you now need a whopping 5.1 million dollars up from 4.4 million in 2022. and what these two numbers tell us is that top Americans have 5.1 times the amount of wealth as their Global counterparts which means we can assume that to be in the top one percent of silver stackers in the USA Today you need to have around 2 500 to 3 300 troy ounces of silver as a minimum which is not such a crazy idea when you think about all the silver that hardcore


stackers have been putting away over the last year through the stock market crash all the way to the recent bank failures we saw people with high conviction on Silver are stacking even faster than they have been in the past and who could blame them silver is one of the best deals on the market today especially for people who are getting out of debt and starting to build their net worth with real hard assets and with tons of speculation about silver and Gold's potential role in a commodity-backed currency that will


compete with the US dollar which some people will be revealed during the August 22nd brics conference in South Africa and I will say more on that topic in the viewer question some people with a lot of cash are placing bigger and bigger bets on Silver because they think it could go to the Moon over the next couple years which brings us to the whales Among Us the top 0.1 percent who according to my numbers worldwide have a stack that starts between 2116 and 2778 troy ounces of silver and in the USA starting at 12


294 and 16 146 troy ounces of silver and whether you're a top 0.1 percent stacker worldwide or in the USA you are breathing rarified air and congrats to anyone out there that counts themselves among the people in these Elite groups and while I leave these numbers up here on the screen for a second please let me know what you think about this in the comments section and drop a like if you found this interesting and now to move on to our viewer question for this video it comes from a viewer who calls themselves crypto


experience and crypto experience asks hey Baldi can't can you do a video on what you think gold and silver will be revalued to after the Brix plus currency announcement on the 22nd of August so great question and thank you very much crypto experience for asking it and it pushes me to revisit something that I talked about back in February on the channel and why I think the concept of revaluing gold is flawed and not in the best interest of any person who is stacking either gold or silver because as a student of History I have


studied the many arbitrary valuations and gold to Silver ratios governments have implemented over the years from the Roman system all the way up to the American system and what I've noticed is that arbitrary top-down pegs or valuations have led to the suppression in the real value of metals because the papers that the medals are allegedly backing always start appearing at a faster rate than the metals themselves are mined that's why I always say we want the free market to determine the price of gold and silver even if a


revaluation benefits Us in the short term because inflation will eat Us in the long term and how this applies to the brics example is simple they are not making a currency that the average person will put in their pocket their currency is an international settlement currency used to replace the US dollar when for example China buys bananas from Brazil or India buys oil from Saudi Arabia and I do believe that this currency will in part be backed by gold whether it's announced on August 22nd or not


and the consequence of that will be a temporary jump in the price of gold as speculators Pile in and if that happens it might be a good time to clean out some of the pieces you've been meaning to get rid of but it doesn't mean that Bricks now have the right to set the price of gold and again we don't want that all it means is that the current upward Trend in Gold a trend that coincides exactly with the moment Central Bank started stacking gold again in the early 2000s is going to continue as they


continue to buy it and for my part I will continue to buy gold as well just as I've been doing since 2008. I'll be getting what I can afford and looking for bigger pullbacks in the price to take the opportunity to stack more and as a last point and I'm not saying this is going to happen for sure but I wouldn't sleep on the possibility that Bitcoin could one day in the future be a part of a basket backing the type of international settlement currency that the bricks is developing right now


this is not a call to action and you're free to disagree with me this is just food for thought so crypto experience I hope that answers your question and remember to any other viewers out there who have questions of your own you can put them in the comments right now I read all the comments and you never know your question just may make it to one of my videos with that said I want to wish you all a great day ahead and for my Canadian viewers I want to wish you all a happy belated Canada Day


and and a happy early Fourth of July for all of my American viewers I'm wishing you a fantastic holiday for this coming Tuesday again I want you all to take care of yourselves and please remember to take care of each other until the next time we see each other everyone goodbye