hey everyone welcome to bald guy money in last week's video I laid out my arguments of why I think one thousand dollar per ounce silver is an unreasonable expectation and I supported all of my arguments using math now some of the comments challenged my methodology and some of them challenged some of my assumptions that I used in order to come to that conclusion and since bald guy money is all about discussion and debate I am going to address some of the challenges from the comments section of that video right


here in this video as always if you like this content and you want more people to see it please let YouTube know by clicking the like button at any time during the video and a heads up for everyone watching there will be a special announcement at the end of this video today so please make sure to watch to the very end for the special announcement so just a quick recap on what I said in that controversial video and what my argument boiled down to is that I doubt that silver can reach the necessary market cap


in order to give us one thousand dollar per ounce silver now this last week was a good week for silver it even overtook Google to reclaim the fifth position on the list of largest Assets in the world and guess what I still think silver at this price is massively undervalued so before you start sharpening your knives just know that most of us here agree on the most fundamental characteristic about silver price and that is it is too low but there's a lot of space between 23 dollars an ounce and one thousand


dollars an ounce and the first criticism of one thousand dollar per ounce silver I want to address in this video is the most obvious one and that's what I call QE to infinity or never ending inflation here is a comment from Garrison wall and there were many comments like this saying that one thousand dollar silver is absolutely possible in the event of hyper inflation and I'm I'm kind of paraphrasing Garrison's comment here and let me start by saying that I 100 fully agree with this comment but that my


calculation and you can see it here which said the price of silver has to increase 47 times from where it is today to reach one thousand dollars per ounce is meant to cover our current paradigm meaning a situation in which paper silver is traded in derivative form and a dollar buys whatever it is a dollar can buy today and that's how I have approached this question and why I felt it was important to demonstrate that it is not likely to happen due to the enormous amount of money to the tune of 55 trillion dollars it


would take to get us there because if we look at a couple more comments from the video and here they are this video was really made for people like this and please don't understand that I'm trying to laugh at these people or make fun of them because these are absolutely good people and I even had a richer conversation with them in the comments section but what these people believe in is they believe in super high price targets for silver and gold which will in turn make them Filthy Rich allowing


them to retire in luxury and I have to stress that these are good people but if you watch enough nonsense on YouTube the problem is that you really start to believe it and believe me nobody wants to believe some of the nonsense price targets that are bouncing around on YouTube more than me because it would mean that if we were to hit those targets I I would be living in the lap of luxury but as I have demonstrated using math time and again right here on this channel it's that number one gold


is fantastic for preserving wealth and number two silver is an amazingly undervalued commodity a commodity that has had value for all of recorded human history and a commodity that I think has a higher price upside versus gold meaning that you can actually build and grow some wealth with silver better than you could do with gold building on that I even showed this price range in real dollar terms here it is from 88 to 116 dollars which I thought was a maximum realistic price range for silver to hit


should we be able to see the true value of silver realized now based on some of the math I had done earlier on in the video that led to this interesting exchange and it was with long time subscriber Romulus 1300 and he said in your estimation 5 billion ounces of silver worth 1.2 trillion dollars would mean a Max price of 240 dollars an ounce is that right now how I interpreted this is if my base Assumption of 5 billion ounces of silver existing is correct and we were to eliminate all of the paper


derivatives meaning Bankers could no longer sell silver that doesn't exist and the current market cap of 1.2 trillion dollars actually today it's 1.3 trillion dollars but let's go with 1.2 trillion dollars stays in silver divided amongst all of the 5 billion ounces evenly of course that exist then silver would be valued at two hundred forty dollars an ounce and as I answered there in the comments that is 100 correct I agree with that math it is sound math but why my estimation doesn't go that high and I


stated it in that last video is because I'm assuming some selling pressure around the 100 price per ounce level as well as a lot of paper trading money so money that is existing in the derivatives Market to disappear once silver contracts have to actually be settled with physical silver moving on to the best criticism of my methodology here it is it comes from Daniel kalchev and Daniel actually used some of my own ammunition against me from my bullish on Silver video because Daniel says in the value


of the market capitalization of silver you included all the Silver mind in solar panels and computers in contactors and relays silver plated vessels and landfills importance for the price of silver during a Banking and Financial Panic how much is the available monetary silver or investment silver too okay so I'm I'm assuming here what he's saying is how much is there in in monetary and investment physical silver if tomorrow everyone decides that the dollar is just green paper how many ounces of silver in


available metal coins bars jewelry can go for coverage and he continues on to to ask about the costs of recycling and reclaiming silver and he makes a very good point because if you've seen that video I mentioned a minute ago on my bullish signs for silver that means you've seen this you'll remember these three points supporting my argument that silver is actually much rarer than most people think it is specifically point three which states it is not recycled or reclaimed as often as gold so thank you


Daniel very much for bringing this point up and although I don't think we will ever return to a system where silver and gold are used as the main medium of exchange I do of course think they have eternal value as hard monetary Assets Now I don't want to seem dismissive with my answer because I partially agree with you there could be some temporary upside versus that range that I gave as a result of exaggerated scarcity of silver that was not taken into account in the calculation that I've given so I totally


give you that point but I do want to address it and answer your question this way and this answer refers to Silver itself ignoring all of the potentially dangerous consequences of a financial collapse or Panic that could result which would include marauding and other types of violence so if silver all of a sudden became extremely scarce we as people would simply not be as wasteful with it as we are today it is the exact reason I am not cheering for a collapse of the financial system even if in theory I am prepared for it because this


picture here the one that we're looking at right now is actually a common site in countries like India and Brazil actually this one is in Brazil and what we're looking at is people picking through garbage looking for metal to scrap or things they can sell or use and I suspect this would become a common sight in every country around the world if such a financial Panic or collapse actually happened because of course we know as prices rise certain behaviors in an economy for example picking through


the garbage looking for things where you can reclaim or recycle silver from become actually worth your while to spend your time on so I give you my word right now Daniel and to all of my viewers out there that I will do a future video on Silver Recycling and Reclamation and that we will quantify the amount of silver lost how it is recycled and reclaimed and how much is potentially lost forever so you have my word that I will cover that topic in the future because I think that's a very interesting topic that we can use to


build out more on some of these price targets that we're discussing here on the channel now I want to thank everybody out there who supplied the comments that made it possible for me to make this video and for all of you out there who are trying to keep me accountable to the message that I'm putting out there because it's important to question and challenge people who are putting this kind of content out there so again I'm not afraid of these challenges I'm willing to step up to the


plate and answer all the questions again just as long as they're asked in a respectful way so you know some of the more wild questions you will not be ever featured on this channel but I do want to use this opportunity to say that I am featuring viewer comments and questions at least one in every video right here on the Channel I want to encourage you all to submit your questions in the comments section for a chance for your question or comment to be featured right here on the channel and now I just want


to make that big announcement that I alluded to at the beginning of the video and the announcement is that I am currently working on a downloadable calendar that comes with a Microsoft Excel file the calendar and file will allow you to set your stacking goals for 2023 and the Excel file will actually help you track your purchases and prices paid for precious metals and there will be more on this coming in future videos but I do want to ask you all right now to use this opportunity to let me know


what you'd like to see in the calendar as well as what features you'd like to see in the Excel spreadsheet to help you track and set your stacking goals better for 2023 I am taking your suggestions in the comments section so please let me know what you would like to get in the things that I am going to be supplying for all of you out there thanks again for watching I really appreciate it take care of yourselves and take care of the people around you and until next time goodbye