Gold news

 And anyone calling me a fear-monger or a gold and silver pumper only has to look at what happened in Japan this past week as a signpost of what's to come. Because as a weakening yen continues to send the prices of goods higher, making life really unaffordable for many Japanese citizens. The government's solution there was to fight inflation with more inflation and currency debasement. Hello everyone, welcome to Bald Guy Money. And this past week, with everything across the entire market selling off, we once

again saw gold and silver grow their share of value amongst the top 10 assets ranked by market cap as the prices of metals held up very well in the face of a strong market correction with gold and silver approaching 58% of the total value of the top 10 assets list for the first time since the market correction that happened back in March and April of this year. As safe haven demand remains strong despite overall market weakness with the market re-entering extreme fear territory and investors rethinking

allocations to overpriced AI stocks and crypto which are crashing along with market sentiment. But it's not just good news for gold and silver this week despite their relative strength and the fact they're holding on much better than the rest of the market. Because as the market was selling off this week, Russia, which has been a major buyer of gold due to sanctions impairing their ability to operate in US dollars and euros, they quietly sold off some of their gold, leading to fears in the

metals community that the central bank buying party may be coming to an end. So, in this video, I want to cut through all the noise and get real about what's happening for gold and silver, starting with the Russia story and if we should worry about it triggering a major sell-off in precious metals. And once that's covered, I want to talk about something that has been called the great rotation, covering how a deeper market selloff and possible stock market crash can impact gold and silver prices over

the next couple of months, as well as the next couple of years using some great numbers that anyone who is on the fence about precious metals will want to see. Now, just before we dive in and as a token of appreciation to all of you who keep coming here each week and keep liking and sharing my content, to celebrate my channel reaching 100,000 subscribers, Summit Metals is offering selected silver products at steep discounts, including US constitutional silver below spot price and select bars and rounds for right around spot price.

And considering this week's pullback, if you're on a buying schedule, the stars have aligned for you to get a great deal. And I will leave the link to this special landing page with these deals in the video description below. So jumping in, yes, it is true as this article from the Moscow Times states that Russia's central bank sold some of its gold holdings in November. That said, the transaction is not as straightforward as this publication, which is based in Amsterdam and has a center-left pro-EU

point of view, would have you believe. Because what is being done in Russia right now, is something they have been doing regularly since the start of 2025, even as far back as 2022. It is not new and it can most easily be described by using the words of US Treasury Secretary Scott Bessant as monetizing the asset side of the balance sheet. Now, in the simplest terms possible, what is going on is gold that is being held in Russia's national wealth fund, managed by the country's treasury, has been sold

to the central bank in exchange for rubles that the central bank creates once they get that gold. This gives the government in Russia cash to cover its expenses including of course the war they are fighting with Ukraine which is becoming extremely expensive both in terms of money as well as human life. So let's not avoid that fact moving forward. Now, once that transaction is done, and what we're seeing happening in the market right now is the central bank of Russia is selling some of that gold

into the market to meet domestic gold demand needs, including jewelry as well as domestic investment demand, which people then buy with rubles. So, as they give the Russian government rubles to spend, which is inflationary, they suck some of those rubles out of the market thanks to the sale of gold, which minimizes inflation that's happening in the market. Now, at the end of all of this, what the Russian Central Bank does is they turn around and they buy the exact same amount of gold that they just

sold into the market from domestic Russian miners using the rubles that they raised in the sale of that gold into the market. essentially keeping the gold reserves for the Russian central bank stable while being able to give the government money they need to continue operations and what some people might call a liquidity loop using a process that is totally confined to the Russian domestic market. Meaning Russian citizens are really the ones financing this at the end of the day. But instead of buying war bonds which are later

settled in currency when they turn their cash over they are getting gold in return. Which is why despite all of the noise and fear people want to spread on the topics of both gold and Russia, nothing significant has happened as a result of this, except of course proving that countries can operate without the US dollar if they have strong gold reserves, which Russia does, as more than 40% of their reserves are now in gold. And it makes an extra strong case for what China is trying to do in its efforts to set up an alternative for

countries afraid of dealing in US dollars since the 2022 confiscation of Russian assets, which is not bearish or negative for gold. In fact, it's quite the opposite as it gives central banks really another reason to buy an appreciating asset like gold and use it as the core of their foreign exchange reserves while dumping a depreciating asset like US dollars and US treasury bonds. especially if borrowing against the gold to fund shortfalls in, for example, government spending or to prop up a currency is made easier moving

forward by the rails that China is laying down right now in the international monetary system. Now, just before we get to the topic of the great rotation and why I think gold and silver still have their biggest moves up ahead of them, please remember to visit channel partner landofland.com to get some land in your portfolio both easily and affordably. Like this amazing package that is being offered to my viewers, which includes 20 individual lots covering 4.97 acres in Cherokee Village, Arkansas, right near Lake Aztec

and a golf course, all for less than $30,000. So, please check out landofland.com or call them at the number on the screen and use code bald guy to get $300 off your purchase of land today and get something that the Federal Reserve cannot print before they start printing. So, moving on to this video's viewer question. And this week's question comes from a viewer named K. Fulton. And Kay wants to know how Nvidia's insane earnings beat may impact gold and silver prices and if we can expect a movement

out of gold and silver and into riskier tech and crypto investments. And I think it's a great question because it gives us a fantastic lesson in being careful about what you read and believing what you read as well as buying into hype narratives. And it also gives us great insight about the real rotation that is happening in the market right now using numbers which I am about to present that do not lie. So to begin, Nvidia announced their earnings this week and they came in above expectations. They

increased their outlook for the end of the year and said sales are hot. But despite an initial increase in stock price, I mean the stock was up more than 5% in pre-market trading after the results were announced. Nvidia sold off down almost 6% on the week, putting it nearly 14% off its highs, dragging the S&P 500 and NASDAQ down with it, with former S&P 500 top performer Palunteer also down now 25% off its 2025 highs. While Bitcoin and Ethereum lead the crypto market into a crash, down more

than 30% and 40% respectively from their 2025 highs. So, K, I think people are starting to finally wake up to where we are in the cycle. And it's likely why gold and silver continue to hold up so well, down only about 7% off of their 2025 highs, because the idea of the great rotation that people were buying into, the one that I warned you all about in a video two weeks ago where a lot of specifically Bitcoin content creators were spamming YouTube and spamming X, claiming that people who have been buying gold for the last three

years, driving the price up along with central banks from a low $1,600 an ounce in 2022 up to more than $4,000 an ounce today. These people were supposedly going to sell their gold and sell their silver and move that money into Bitcoin and potentially into tech stocks like Nvidia. And to be honest, it's just not materializing. And the reason is because the real great rotation which is happening right now is happening out of the largest financial asset market in the world which is the bond market. And

that money is moving into gold and it's moving into silver and it's moving that way because trust in fiat currency is fading away. And it's precisely why despite the incredible performance of the stock market over the last 6 years, nobody's going to argue it hasn't done well, both gold and silver are significantly beating the S&P 500 on a dollar cost average basis, assuming you bought the same dollar amount each month, every month since January 2020 of each three of these things. And that's

even when you add a 10% premium on top of gold and on top of silver and factor in dividend reinvestment from the S&P 500 as using those numbers shows. As you can see here on the screen, silver is up 81% over that period of time. Gold is up 79% and the S&P 500 with dividends is up only 59%. And with the stock market yet to crash, which we know is the trigger for stimulus, bailouts, and more currency debasement that always leads to the biggest gains for gold and silver, this rotation is only in its early days. And

anyone calling me a fear-monger or a gold and silver pumper only has to look at what happened in Japan this past week as a signpost of what's to come. Because as a weakening yen continues to send the prices of goods higher, making life really unaffordable for many Japanese citizens, the government's solution there was to fight inflation with more inflation and currency debasement, which is something we can expect governments around the world to do as problems mount in the global economy. And as a warning

to everyone seeking safety in the US dollar, remember this, Japan is the largest owner of US debt. And if they start dumping more of that US dollar debt on the market, which I would expect them to do to support the yen and fund this stimulus package, it means this bounce we've seen in the US dollar, which hasn't impacted gold and silver prices much at all, is only going to be temporary. And as I said in a recent video, don't expect it to last longer than April of next year because that's

when I expect real interest rates to turn negative, driving even more money into gold and silver with a stock market correction on top of that, potentially exaggerating gold and silver's outperformance of the stock market even more than what we've seen since 2020. Much like we saw in the period between 2000 and 2012 where metals gained about 500% as the S&P 500 remained relatively flat only up modestly when you factor in dividends. So K coming back to your question, I think this is a case of

noise versus signal because paying too much attention to the noise which we get on a daily basis can really have you feeling bad and making the wrong decisions as opposed to focusing in on the signal and setting yourself up for long-term success. And long-term success is precisely where precious metals stackers are heading right now based on the very real rotation out of the bond market and into precious metals that according to numbers I presented back in September are going to send metals prices much higher over the next two

years as I think $5,000 gold is insight in 2026 as well as a major breakout in silver that will take it beyond my old price target from 5 years ago of $60 in 2026, potentially as high as $70 or even $80 an ounce at the lower end of my conservative price range. So, focusing in on the signal and ignoring the noise that we hear on a day-to-day basis, ignoring the hype narratives, ignoring all of that stuff, looking at the signal and what direction the market is is moving towards, what the signal is

telling me is to remain in precious metals and continue on a purchasing schedule. But remember, if we really see the bottom fall out in the stock market, it will impact precious metals prices over the short term. And we've gotten a small taste of that recently. So remember the pullback ranges I shared with you all at the end of October because they are still in play as far as I'm concerned and I treat them as places to aggressively load up on metals while continuing to buy now as they are not

guaranteed especially in the case of gold which already hit that range a couple of times. So there's no guarantee that $4,000 won't hold moving on forward from here. But I think one more visit back to that pullback range would be in order. And if it comes, don't panic, prepare. So with that said, thank you very much for making it to the end of the video. Please remember to leave a like if you enjoyed this content. Leave me a comment. Leave me a question. You never know, I may answer it in my next

video. And a very sincere thank you to each and every one of you who made it possible for my channel to get to 100,000 subscribers. I didn't really think it was going to be possible, especially not in such a short period of time. So, thank you, thank you, thank you to everybody who made that possible. I appreciate each and every one of you. And as I say at the end of all of my videos, please remember to take care of yourselves and take care of each other. Look out for a bonus video coming this

week before Thanksgiving, before the Thanksgiving holiday. I will be putting another video out. So, look for that video coming this week and see you in the next one.