hey everyone welcome to bald guy money we've all been told at some point in our lives to save money and to keep it in the bank and this narrative has been supported over the last 30 or so years by Keynesian economists who have also been calling hard monetary assets like gold and silver barbarous relics of the past so in this video I'm putting that logic to the test to figure out exactly how saving just $200 a month in the bank compares to saving it in gold and saving it in silver and I'm going to do that by


showing you a detailed breakdown of how cash and metals compare to each other using data going all the way back to the year 2000 and I'm also going to answer the question based on the data we will be looking at is it too late to start now okay so just before we get into it I have a very important Channel announcement to make because Channel partner Pim has provided me with two tenth of an ounce gold eagle coins to give away to my viewers this giveaway is for viewers in the United States and I am really


excited about it because so many of you have told me that you focus on Silver because gold is too expensive and I get it now maybe your point of view will change a bit by the end of this video because even in fractional form for people on a budget I think it's a great thing to have a little gold and you'll see why but if you want a chance to make this amazing coin yours please comment in the comment section right now and include the entry password which is pinck prices your comment should include


pinck prices because they really have great prices even on this coin here compared to other big dealers and everyone who does that will be entered into the draw to win one of the two coins I am giving away one entry per viewer and I will be revealing the winners in next weekend's video please please please take advantage of this if you're based in the United States it just may be your lucky day and for those who want the full details on the rules of the contest I have added them to the description of the video so you can


check them out there and remember if you want gold and silver at a great price with great service from a reputable dealer check them out at pin.com or call the number on the screen I think it's worth your time for those pinck prices so thanks to pin beck.com for helping me do that for my viewers but now it's time to get back to the main topic of this video because I have data here on gold and silver as I said going back to the year 2000 and what I tried to figure out was if I simply took


$200 every month and bought either silver or gold with it how much would I have been able to accumulate over that time period I also of course calculated the total cash position and you can see that on the right side of this image here with a savings of $200 a month obviously totaling up to $2,400 a year becoming $57,600 since 2000 if we count out to the end of this year and as I start to go over the numbers here I want to point out that all purchases are calculated against the average spot price for the


year and I have included a 10% premium above spot so nobody can complain here that I didn't take a dealer premium into account now I want to immediately bring your attention to this column here for silver and this column here for gold because this is where we see exactly how much silver and gold you would have been able to buy using just $200 a month since January 2000 with the total shown here and that comes out to 4,634 troy ounces of silver over that period and 72 o of gold if you focused


on purchasing gold over that same period and those are not small amounts of gold and silver by any means and I am going to circle back to a bigger point in a moment but first I want to reveal the Apple's to Apple's performance comparison and as you can see here broken down in US dollar terms Silver versus gold versus Fiat money sitting in the bank has gold coming out on top with a total value today of nearly $139,000 at spot price silver is a close runner up at $1 15,27 at current spot price and lowly


Fiat cash coming in at last place with absolutely no value gained in fact versus inflation it's lost a lot of value but I am sure that some of you are yelling at the screen right now in a rage saying but bald guy if you keep your money in a savings account the bank gives you interest which compounds and you can make good money from that well I have prepared a second set of data for everyone who's foaming at the mouth at the ignorance of a YouTuber and I think this data is going to shock some


disappoint others but come as little surprise to many of my intelligent viewers and I know I have many intelligent viewers because as I was researching for this video I discovered that the average annual interest rate given by US Banks they were my Benchmark during the prolonged low interest rate environment we've experienced since entering the New Millennium has been a measly stinking 1 and half% so basically nothing because when you factor that in compounded on your $200 a month since January 2000 you get very little in the


way of returns in fact it only works out to a 19% gain over that time period leaving you with a little less than $669,000 which doesn't come close to the value of metals purchased over that time and the reason is because that money in a bank savings account it's not working for you it's working for the banks you know the same ones taxpayers around the world had to bail out about 15 years ago when their risky bets started to fail and resulted in a blowoff top for gold and silver now just before I make my final


point on this topic and before we move on to the viewer question for this video let's just take a look at an overview of how Gold Silver and cash compare to each other in US dollar terms one last time saving $200 a month in cash each month since January 2000 so a total cash investment of $57,600 counted out to the end of this year would give you $15,251.86 into silver over that time period counted at today's spot price including a 10% dealer markup on the silver which although it doesn't quite match the


great return on gold absolutely crushed cash left in a savings account yielding more than $30,000 more in return over that period moving on to gold gold has simply crushed it it proves time and again how important it is to have and that over long periods of time that it's been a reliable savings mechanism that beats inflation with almost here with almost $70,000 more in return in value versus cash in a savings account and finally moving on to cash with cash receiving the 1.5% compound annual return in a


savings account coming in at a total value below $70,000 which we know means that you probably lost $40 to $50,000 in purchasing power over that time frame due to inflation by just keeping the money in the bank and what this data clearly illustrates is as fantastic as silver is with major upside potential in the future I don't doubt that and it is why I continue to stack silver but it shows us that gold is simply the Old Faithful of savings mechanisms it handily beats inflation over long periods of time and by purchasing just


$200 worth each month consistently over many years you can build up quite a nice emergency savings account so that brings me to my message for this video please do not underestimate the power of small gold purchases over a long period of time if you have an extra $200 that you won't miss and it won't impact anything in your life meaning your ability to pay your B bills or your ability to stack a certain amount of silver if that's a goal that you have save that money up and get what you can in Gold maybe each


quarter maybe each 6 months you may really be surprised when you look back in 10 or 20 years from now at just how much you were able to accumulate by doing this simple strategy as well as be happy with the fact that you didn't keep it sitting in a savings account and just as a final reminder if you're located in the United States you could get this 10th of an ounce gold American Eagle for free by just commenting pinck prices in the comment section below of this video and if you can't wait or don't think


you'll have any luck leave the comment anyway and go to their site and check out what they have and you'll see just how far your money will go there versus other Boolean dealer websites with that said it's time for this video's viewer question I answer one question in every video and if you have a question you can add it to the comment section below and you can even put the pinck prices bit at the end of it just so you can keep everything neatly in one comment and this video's question comes from Route


One he left it recently under one of my older videos and asked I have a pawn shop nearby who sells silver bars but those bars were melted by the pawn shop is it risky to buy bars like those does anyone have experience with that and that's a great question because many people struggle with understanding what the best gold and silver products are but at the end of the day it all boils down to recognizability the more recognizable a silver coin or bar is and the same applies for Gold by the way the


more faith people have in it being legitimate meaning it then becomes more liquid and that's ultimately what you want with gold and silver liquidity that comes with recognizability random silver bars melted by a local pawn shop will have smaller Market of buyers than for example a silver maple leaf coin and as we know from basic economics the less demand there is the less perceived value there is meaning if you find anyone to buy it from you in the future don't expect to get full spot price back for


it it's why I avoid products like that and only buy recognizable products from reputable dealers because I don't want to find out someday down the road that what I bought isn't exactly what I what I thought I was paying for for example I have heard horror stories of people buying from pawn shops or from other kind of dodgy dealers offering good prices online and later on finding out that the gold and silver they bought wasn't real gold and silver at least the content of what was in it wasn't what


was promised by the seller so what I'm saying as an answer to this question is just be careful protect yourself out there buy from reputable dealers and buy recognizable products because of the liquidity that comes along with them with that said everybody that's it for this video as always I want to tell you all to take care of yourselves and take care of each other don't forget to enter the giveaway for my us viewers in the comments section add pinex prices somewhere to a comment down below and


check them out if you're looking to buy some gold and silver and until the next time we see each other everybody I'm really wishing you all a fantastic day ahead see you all in the next one goodbye that