Hello everyone, welcome to Bald Guy Money. And on Friday night, as markets were closed, the United States launched a strategic military strike against Venezuela, capturing the country's leader, Nicholas Maduro, who is now apparently being held in New York. Now, I'm sure you're aware of all of this by now, but what you might not be aware of is a lot of the speculation surrounding gold and silver's role in this with stories claiming that some of the big banks had been warned in advance about


what was going to happen in Venezuela. So, they slammed the metal markets to buy at lower prices before they take off on Monday morning in Asia. And in addition to that, there are also claims coming from the popular Asian AI guy channel that the entire military action was actually about silver in an effort to secure Venezuela's silver reserves for the United States, which is in desperate need right now due to China's export restrictions on silver, which went into effect on January 1st of this


year. So, with many of you, including Eleanor and Natalia, asking me what comes next for gold and silver, I want to dedicate this video to answering your questions with a compact look at how the USA Venezuela situation should impact gold and silver prices over the short term, followed by a serious look at the long-term consequences to gold, silver, and other parts of the market while addressing some of the claims being made online by other channels. Now, just before we dive in, if you're in the


market to buy this weekend, please check out summitmetals.com for great prices on gold American Eagles with randomyear 1oz eagles currently discounted by $30, but available only in limited supply. So, get them while they last. And while you're there, if you're new to Summit Metals because you want to support the work I do here on YouTube, remember that new customers get this 5 oz silver package at Spot. And I'll leave the link to this in the video description below. So, jumping in, although this is the


first major geopolitical event we've experienced in 2026, it's something that we've been getting used to since 2022, and we should expect more of moving forward as we enter the age of what I've called neoimperialism, where superpowers, both large and small, carve up the world to consolidate power in their geographic areas of influence, not only to control strategic positions, but in many cases, to control the resources in the territories they are taking. Making this from my point of view a


resource war. Now to be clear from the start, none of what I am about to say is meant to be political or is politically motivated. My focus is on how to prepare financially for what comes next. And the first thing I want you all to understand is that this action can have a temporary positive impact on the prices of gold and silver because each of the last four times we saw a major geopolitical escalation and I've listed exactly what those are on the screen for you all to read. We have seen gold and silver


prices rise with significant weekly price gains for the weeks following each of these geopolitical events in three of the four cases shown with the only weekly loss following the major event happening after the US bombed Iran in June 2025 where prices pulled back after a significant move to the upside in the early trading hours of the week. So this is what can happen. But what I want to warn everyone about, especially if you're looking to make a short-term easy profit by purchasing gold and silver


now, because it's a guarantee that it's going up this week. What you need to understand is that the short-term impact of these events on the prices of gold and silver has not been sustainable, at least over short periods of time, with gold and silver prices falling back to equal or lower levels in the weeks following the initial moves up in each of these four instances. making me believe that even if the banks had prior knowledge of this, which by the way there is no proof to substantiate those


claims, the trade for them would likely only be a short-term trade where they're trying to take a little bit of profit short-term as they've already been moving their positions from short, so betting against the prices of precious metals to long where they are starting to bet for the prices of precious metals in the second half of 2025. and I covered that in a few videos at the end of last year. Now, with that said, it's when we start to zoom out and look at things over the long term that the case


for gold and silver becomes more compelling here. Because with gold already overtaking the US dollar as the leading reserve asset for foreign central banks and silver experiencing extreme supply tightness, which may only get worse in 2026 due to export controls on silver that started on January 1st of this year by China. Not only do I expect this action in Venezuela to accelerate ddollarization amongst nations that are aligned with bricks, most specifically of course China. But I also expect it to


result in a rewiring of the global supply chain for critical minerals like silver where some countries will simply pick a side and limit availability of those minerals for the side they didn't pick causing shortages resulting in the prices of these minerals again like silver getting bid up significantly. Now, the key indicator that I am watching in the fallout of what has just happened in Venezuela, and it's something I encourage you all to track on your own as well is central bank gold


buying. Because just as we saw a major increase in gold reserve purchases in 2022 following the seizure of Russian assets by the Biden administration due to the invasion of Ukraine, which triggered a major loss of faith in the US dollar as a reserve asset. Another increase in those gold reserves from here versus the baseline that we've set since 2022 would only suggest that this process is accelerating. And with central banks having bought the most gold in 2025 during the October price pullback, only one month after the first


US air strikes were carried out against what have been described as Venezuelan drug trafficking boats. This trend is one we have to watch closely because the October increase might not have been a coincidence and might not at all have been based on the pullback we saw in price. It may have been a sign that gold price is about to pick up in a major way very soon likely in the first half of 2026 if this continues. And let me add that if we see reported central bank gold purchases exceed the 2022 and 2023


levels shown here on the screen despite the record price level we're at now. I would say that that is a clear sign that the US dollar's days as the world's reserve asset are going to end even sooner than I had thought they would. Not because I'm shedding tears for Nicholas Maduro, as I'm staunchly against socialism and against communism, but because other countries, out of fear of what happened to Russia in 2022 and what's just happened to Venezuela this weekend, they will react to reduce their


exposure to the United States because it clearly shows that whether the Democrats or Republicans are in power, if you get on the wrong side of the United States and US interest, s there will be a price to pay. Now, when it comes to stories circulating about this attack on Venezuela being about silver as opposed to being about oil or dominance in the Western Hemisphere, let me say that if you believe that and you believe everything the Asian AI guy is saying, then you have fallen for a fake news


scop. Because as you can see here, Venezuelan silver reserves are insignificant when compared to other leading countries. And although I understand the AI Asian guy videos can seem exciting, especially in an environment where silver price is making new record highs and that Asian AI guy is saying everything you may want to hear. There is a lot of bad information in those videos being mixed in with things that we already know to be true that make it seem that the other untrue things that the AI is saying is entirely


factual. And I just urge all of you who have been watching those videos and believing every word the AI is saying to exercise caution in making financial decisions based on what the Asian AI guy says. Because if any market is going to be materially impacted by what has just happened in Venezuela, it is going to be the oil market. And although I still think we will see $100 a barrel oil within the next three to five years, this event has the potential to drive oil price down to 40, maybe even $30 a


barrel over the short term as US oil companies invest in and expand Venezuelan oil production that has significantly dropped since the early 2000s. Now, that doesn't mean that all oil stocks are going to crash. In fact, the companies that participate in this production ramp up like Chevron and Exxon Mobile and possibly even Kico Phillips, which is a company I'm keeping a very close eye on right now, those companies, they can do very well as a result of this. But with a growing narrative that Canadian oil companies


are set to boom in 2026 and 2027, I am approaching them, the Canadian companies, with extreme skepticism because according to oil industry analysis on the topic, Canadian heavy sour crude oil, which is the type of oil that comes out of Canada's oil sands, it has been directly substituted for Venezuelan oil in US Gulf Coast refineries with near identical processing requirements to the Canadian oil unlike the type of oil that comes out of Saudi Arabia or even US shale oil which has a different profile


altogether. So if you're in energy that's fine. collect those fat dividends because again that's a part of why I see value in oil companies right now because with interest rates going lower holding those stocks is in my opinion much better than keeping cash in a money market account or a certificate of deposit. But be careful with your Canadian positions and do some research because this may hurt those companies and it may hurt them badly. That said, while Canadian oil companies may come


under pressure from this, mining companies and mining stocks should continue to do very well as higher metals prices, which I expect over a long-term basis as a result of what's happened, paired with potentially lower oil prices will make these companies even more profitable than they are today. And I know it's been a volatile part of the market recently, but this event and the consequences coming from it could end up being the catalyst that sends all miners higher, including the junior miners, which when measured by


the GDXJ, which is the junior minor ETF, still need to increase 47% just to match their 2011 highs before they potentially break out to new highs as gold and silver have already done. So, I understand this video isn't like my typical YouTube videos, but I wanted to summarize and condense what is happening between the US and Venezuela right now in one video for you all to understand the outlook for metals moving forward. the outlook for miners moving forward. Both of which are certainly bullish not


only for 2026 but moving even into 2027 as well as the energy stocks which I've mentioned before which actually paints a bit of a bleeaker outlook specifically for those Canadian energy stocks but a potentially good outlook for American stocks like Chevron, Exxon and Kico Phillips. So, with that said, I would love to have your feedback on this form of video in the comments section below. Did you like it? Did you not like it? Please let me know. And if you found this content valuable, please share this


with people that you know and love if you think they need to hear this message. And of course, as always, leave a like below if you enjoyed it, because that makes some noise for the algorithm so it knows to recommend this video to other people. And with that said, I'm wishing you all a fantastic day and week ahead. If you have any questions for me that you'd like to see me answer in future videos, please don't be shy. Leave them also in the comments section below. And remember, please to take care


of yourselves and take care of each other. Once again, all the best in 2026. See you in the next video. Goodbye.