gold news

 hey everyone welcome to my channel and welcome back to my subscribers this is where we talk about money savings and turning your hard-earned cash into wealth building assets this is bald guy money i am bald guy let's talk money so in this video we're going to cover gold and silver uh have we finally reached a point where the price is going to break out towards the upside i'm going to talk about my predictions for the near term as well as the midterm and i'm going to cover my fail-safe

strategy when it comes to investing in precious metals on top of that i am also going to mention something that i saw recently on a youtube channel i am going to name the youtuber it is a silver youtuber so if you're interested in seeing that make sure to watch to the very end to get the most out of this video please take a moment first before i get started take a moment right now hit the like button please it really helps the algorithm for these videos that i'm making to reach more people

without that i can't keep making these videos i can't keep going on you know 1 000 view videos i really rely on your likes to help grow the channel so i'm i'm really asking you right now just take a moment hit the like button remember as always none of this is financial advice and if you're looking for more bald guy content in between videos because i do put a lot of work into the videos so sometimes it takes me a long time to get them out follow me on instagram i put out all kinds of stupid stuff on

instagram uh bald underscore guy underscore money i'm i'm posting almost daily and talking about the things that i'm doing from day to day with respect to investing so uh getting into it we are talking about gold and silver and the first thing i want to cover are the actual functions of gold and silver and how i define them as investment tools within my portfolio or let's say vehicles for investment within my portfolio here it is so how i define gold is above all is as a store of wealth

because it is a strong hedge against inflation and it's a safe or low risk asset when it comes to silver i look at silver much differently first of all silver is a useful industrial metal it's a medium hedge against inflation and it's a medium risk asset it is not as safe as gold so for the silver stackers who are already yelling at their computer screen saying i'm stupid and that the price of silver is going to go up much more than the price of gold hold on everybody there's still a lot of

video to go you know i back up everything i say with facts with data with analysis it's coming first let's cover gold then we're going to cover silver and you're going to see exactly especially for you silver guys why guys and girls why i think there's going to be a big upside on silver but let's start with gold as i said and um the data i'm about to show you it was actually data i prepared in response to a lot of crypto youtubers out there who are trashing gold saying you know gold

has been going down gold if you invested in gold in 2011 you would have lost money let's pull up the first data so my message to those crypto youtubers then and i'll reiterate it now is that even at this point in the year gold is outperforming its 2011 performance which we know for for those of us who have been investing in gold for a long time that that was a bit of a peak with a blow off top for gold so in typical bald guy fashion it's me against the world and what i said in that video still stands today

anyone who pulls out the line that gold has declined since 2011 or even if they say it's flat they can shut it here is the data here is the proof and if you want more proof i have more data here's more data just take a look at it here you can see that using the tried and true method of dollar cost averaging which is buying the average price of an asset over time by spreading your purchases out gold has slightly outperformed inflation and it has proven itself to be a fantastic store of wealth and a

relatively low risk asset now that we've established why i look at gold the way i do and coming back to my investment really why i see it as a fantastic store of wealth where do i think it's going in the near term and where do i think it's going in the mid-term just before i touch on those numbers i just want to say that the absolute best strategy for gold investing as far as i'm concerned is the buy and hold strategy trading physical gold is actually really difficult unless you're

a bullion dealer because first of all you have to have access to a large amount of buyers and you have to have access to a large amount of sellers so again i say for me the best strategy is the buy and hold method and as you can see in that data as or as you saw in that data that i just presented it's a fantastic way to store money an alternative way to store money rather than holding it in a bank so for those of us who use that classic method of buy and hold let's pull up the next data

chart and this chart shows the price of gold over the last year or 12 months and basically as you can see it has been chopping sideways despite the highest inflation levels in 30 years in fact we hit an all-time high at the beginning of the year we dipped as low as 1 684 but since then we've been trading in between those two levels and we're at a level of 1847 november 20th as i'm making this video today and it's surprising that gold hasn't broken out especially because of stories

like this and despite the fact that we know that the 6.2 percent shown in in the headline of this story from cnbc isn't a real inflation number the fact that these are the highest inflation numbers we've seen in 30 years is absolutely a fact because we've never created this much money in such a short period of time let's take a look at the next chart that i've prepared and as you can see here since gold bottomed out at about 1729 dollars per ounce back in september we've seen a steady rise

in the price of gold by seven percent so does that mean that we're ready to break out towards a new all-time high i'm not so sure for me in the short term or let's say at least till the end of the year or to the end of q1 2022 i do see the price of gold continuing to increase on the back of high inflation the level i think it's going to increase to is right around that previous all-time high 1954. and it can go as high as 2100 now the reason i don't think it's going to go any higher is quite simple and

it's because of this bring up the next chart as you can see here gold isn't the only safe inflation hedge in town anymore it is in direct competition for inflation hedge money with bitcoin and although bitcoin is really creating its own path as it's still in price exploration mode there does seem to be some slight correlation between gold and bitcoin what i specifically want to note here is the chart on the left being the price of gold over the last 12 months and the chart on the right being bitcoin

over the last 12 months is that there seemed to be some kind of relation between the two i'm not saying this is an absolute relation but just take a look at this so early 2021 gold reaches an all-time high then a sell-off begins and it plummets down this coincided as you can see in the chart on the right with a massive rise in the price of bitcoin now the opposite is also true in the summer of 2021 when china started to crack down on miners the price of bitcoin went from 60 000 all the way down to about 30 000 per

bitcoin and if you look again in the chart on the left being gold at the same time this coincided with another summer top not quite reaching the previous all-time high but clearly representing a massive increase in the price of gold over that period the only way i can explain this is by saying that there is clearly a battle going on between bitcoin and gold to attract money that is hedging against inflation now where do i think this is going i don't think this is going to lead to a place where there's one winner and one loser i

basically think that we're just going to at the end of the day have two different methods of achieving the same thing that said i just want to address something quickly before i give my medium-term price prediction for gold and it's actually touching something i saw recently on a youtube channel called yankee stacker there it is i named him uh and yankee in all his wisdom calls cryptocurrencies gambling and he seems to like to use the example of shiba inu as a way of proving that he's right

so i will say this he is right about shiva inu shibuyinu is a joke uh meme coins like shiba inu or even dogecoin they have no real utility they don't have any real scarcity and they have given the crypto space a very bad reputation but that is not what crypto is and if you have been properly educated about what it is in the blockchain technology that stands behind it you'll know exactly as i do that there's a lot more to it than that specifically the fact that the technologies that are being

created now on a lot of the projects are revolutionary almost a second layer to the internet and much like the dot-com bubble the winners and losers are starting to become more apparent where we can see which projects are going to be the amazon.coms of the future and which projects are like the shiba enus and the dosh coins going to be the pets.com project of the future look and and just like i said in my last silver video if yankee stacker wants to come on my channel and debate me on this under the condition that he'll show his

face i'm ready for it but he even said in his last video uh right before he started shilling more uh dodgy mining stocks that he's not interested in having a debate on this topic and i think the reason that he doesn't want to have a debate on this topic is because he's concerned about his credibility he's probably concerned that he won't do well in a debate like that but the challenge stands on all the same and i want to say that even though i am passionate about delivering my message i

i don't mean this as any disrespect to yankee stacker as a human whoever he is behind the yankee stacker name all i want to say is that i don't like his message i don't like his methods and i feel that there are a lot of people out there who are acting on the things he's saying the things he's promoting on his channel the things he's giving money to to promote on his channel and that i don't like so coming back to gold it's is its growth capped somehow due to the performance of

bitcoin well i have to say this in the short term the fact that bitcoin exists and it is attracting a lot of this inflation hedge money yeah it is going to impact it even if you look at huge investors like paul tudor jones a guy who would traditionally in times of inflation invest anywhere from five to ten percent of his portfolio in gold actually he's looking to bitcoin more now as a hedge to inflation rather than gold but that doesn't mean that gold is down and out like i said i don't think this battle is going to

produce a winner and a loser i think we're going to just have two different ways of achieving the same thing and this is why i'm looking at a range of pull up the numbers 2 700 to three thousand dollars per ounce of gold by 2026 meaning that we can expect a 46 to 62 percent increase in the price of gold from today all of which will be inflation related growth and should protect anyone from the 10 annual inflation level we're experiencing right now and again that is based on my adjusted numbers not the official

inflation numbers which are much lower and much faker in my opinion okay so not a touch on silver this one's actually going to be really easy because i did a very detailed video on this before and the fact of the matter is i stick by my numbers let's pull up the first image i just want to quickly show you all and i warn you kind of how i mentioned at the beginning of the video that silver doesn't come without a certain level of risk please remember that silver is very manipulated and it has not performed as

well as gold has versus the 2011 numbers as you can see here the average price of silver is today 26 lower in 2021 than it was back in 2011. this is just a reminder again from another video that i did i'll link it up at the end of this one in addition to that as i mentioned at the start of the video silver is not exactly the best hedge against inflation let's take a look at these numbers as you can see here in the dollar cost averaging scenario you would have just underperformed versus inflation in

that time with a negative six percent inflation-adjusted return on investments in silver since 2011. but to all of you out there who think i'm hating on silver that is not the case at all please remember we are here to talk about turning your cash into wealth building assets and if you're turning your cash into silver it's clearly a better option than holding the money in the bank which would have lost significantly more value over that period of time and just remember this the future for

silver is really really bright despite all the manipulation that happens on the market the future demand for silver is going to increase and this is going to happen on the back of the world's green energy agenda which is going to put a really big strain on the supply of silver in the coming years and the reason for that is because silver has the highest electrical conductivity of any metal in the world even more than copper so as the future starts to look more like this i expect the price of silver to shoot up

to about 61. by 2026 which will actually perform better than gold according to my numbers and for more details on this please refer back to my silver price video i will link it up at the end i go through the exact reasoning why i think we're going to hit 61 now the reason i made this video is quite simple i just want to calm everybody down out there who's a bit nervous about what's happening right now there's a lot of inflation the price of gold and silver are chopping sideways and my message is

basically this if you're invested in gold and silver don't panic okay as i illustrated with gold it's been a fantastic hedge against inflation over the last 11 years despite the fact that we had a blow off top back in 2011. and with silver i've illustrated that it's been a decent hedge against inflation it hasn't fully hedged against inflation though but the future for silver is really bright and those are the things that i really want to make everybody out there who might be feeling a little bit

nervous understand and calm them down to not do anything drastic the second part of my message is this that i am taking advantage of what is happening in the cryptocurrency space right now i am not listening to people like yankee stacker and i'm not getting paid to give you this message i am making it with you all in mind saying that you don't have to be at one extreme or the other you don't have to be team gold you don't have to be team crypto or team bitcoin the water doesn't have to be hot it

doesn't have to be cold me i personally prefer the water to be warm and that's where i am right now i'm in a mixture of both i'm comfortable knowing my savings are protected in gold and silver and i am enjoying the profits i'll be in a riskier environment from the blockchain revolution to pay for lifestyle improving expenses now if you're not familiar with the term blockchain that means you don't fully understand crypto and that's perfectly okay that's not a slight against you

it's just a fact but as someone who genuinely cares about his viewers i highly recommend you guys get educated you guys and girls out there watching i highly recommend you all get educated on the topic of blockchain technology and it doesn't cost anything especially with respect to youtube the only thing you have to invest is your time and your willingness to be open to different messages in addition to that you don't have to get all of your information from me only i don't think that i should be

your only source of information but i do also want to recommend another youtube channel that i watch regularly i think the guy is brilliant and i think for those of you who are in the precious metals community or and are in that echo chamber you absolutely have to check this channel out it is called invest answers and it's hosted by an independently wealthy individual his name is james his channel has grown phenomenally over the last few months i was one of the early subscribers to his channel

check him out for a more balanced point of view on what's happening out there in the market okay i ask you to do that thanks for watching don't forget to drop me a like remember it's very important for me and as always i wish you all success i wish you all happiness and i do hope to see you in the next one adios