hey everyone welcome to bald guy money I did a video last week about how much silver you need to reach millionaire status and the purpose of that video was to show you all just how scarce so what a limited resource silver is compared to the most liquid form of money the kind of money we use on a daily basis which is called M1 money and now I'm back and we're going to do the same exercise for gold and discuss what that means for all of you stackers out there but just before I get into that I have some


really good news I want to share with you all because I have been carefully tracking the statistics of this Channel and I can tell you that we are reaching a wider audience and it's really thanks to all of you who are clicking the like button leaving comments and as a result you can see here that this message of sound money hedging against the corrupt Fiat monetary system is now reaching more women than ever and I welcome you all because the best financial education I ever got was from my grandmother this


is a picture of what she looked like right here and she always told me four things it started with work hard by land buy gold and spend less than you make so let's check out a part of that message that I got from her and talk about how much gold you need to achieve millionaire status starting with how much gold there is per Millionaire on the planet and this is going to get you excited right from the start because I've updated the data we're using to include gold jewelry now which was something you as viewers asked


for in the top one percent of gold owners video meaning we'll still be looking at the approximately one and a half billion ounces of gold Boolean as well as adding an additional number to the range that accounts for the approximately 2 billion ounces of gold that people around the world hold in jewelry bumping that total amount of gold in private hands up to three and a half billion troy ounces and when we break these amounts down per Millionaire on the planet I think this perfectly shows how undervalued an asset


like gold still is despite the run-up in price that we've seen as of late because per Millionaire on this planet there is only 27 ounces of gold Boolean so in coin and bar form and that's a little less than half the amount it was for silver Boolean which if you remember came in at a paltry 71 ounces per millionaire now if we include gold jewelry in there that still only leaves 63 ounces of gold per millionaire which shows us what a scarce monetary asset gold really is especially considering the fact that


gold owners and stackers are in direct competition to buy gold with central banks but as you all know from the silver video I did or at least for those of you who watched that video this is not how we are determining the answer to the question of how much gold is equal to one million dollars because as in the silver video we are comparing the total supply of gold directly to the total supply of M1 money which will give us a clear indication of how scarce gold is compared to the money that we have in


our pockets in our bank accounts and while for some of us under our mattresses and what doing that comparison shows us is this looking strictly at Boolean just like we did in the silver video you would need to have 25 ounces of gold to achieve millionaire level Holdings and at a price of about 2035 dollars per ounce including a reasonable premium in there that means you can achieve that with a little less than fifty one thousand dollars today and when we include jewelry in the mix that number goes up


to 59 ounces which if we wanted to buy that much today at Boolean price would cost us around 120 000 dollars but what's important to keep in mind here is that jewelry comes with a much higher premium than Boolean so keep that in mind when trying to decide between the two Boolean definitely gives you more bang for your buck now having looked at those numbers there are a couple important factors that I want to get across in this video especially to those of you who are struggling to justify buying gold over silver and here are the


points and these points are designed to help you understand the fundamental differences between investing in gold and investing in silver and the first one is that central banks recognize a clear difference between gold and silver and so should you they hold gold in reserve whereas silver is not held in reserve moreover gold has been used to transfer wealth between nations for thousands of years and is still used in that way today a whereas silver is not used that way the third point is that the elite also recognize a significant


difference in the value of gold and silver a recognition that goes back to before the Roman times which keeps demand for gold as a store of wealth high and you can let me know in the comments whether or not you agree with those first three points but whether you agree or not it is a fact that this is how the majority of people around the world see gold and why it is treated differently to Silver that said silver is a major part of the digital and Green Revolution and that's point four and whether you want solar panels on your


house or not another fact is that demand for silver is growing in a serious way driven by the need for it in electronics and the production of green energy and because silver is much more scarce than the current spot prices suggest and you've seen that in the in the last two videos the silver millionaire breakdown versus the gold millionaire breakdown I think a very logical conclusion that anybody who is stacking metals can come to is that and what I see is a big upside for silver coming in the future


and this is why I have been saying for years now that the price of silver when its moment comes has the potential to grow in percentage terms much quicker than the price of gold and it's why I still stack more silver in weight terms versus gold at an approximately 30 to 40 ounce of silver to one ounce of gold ratio now's your chance to tell me how you see it which one of these two metals do you prefer and why are you all in on just one metal let me know please in the comments because my two cents on it is


this no matter how you see it I certainly hope these last two videos have not only shown you how scarce these two monetary assets are versus The Total Money Supply but have also opened your eyes to some strong reasons on why I think it's important to have both gold and silver in your stack there will be no viewer question in this video I am very sorry but I am on a tight schedule today I do hope you enjoyed this video though please remember to leave a like if you did and until the next time


everyone take care of yourselves and take care of each other I will likely see you this weekend but until then goodbye