Hello everyone. Welcome to Bald Guy Money. And this past Wednesday, I came on here to show you all my expectations for gold and silver over the next couple of months. Repeating a message of mine from past videos where I've said that I think the bottoms are in for gold and silver, but that we should be prepared for some sideways action and potential pullbacks before we make new highs. Now, as a reminder, we've already hit the conservative targets that I shared with you all last September. And yes, we hit


them much faster than I had anticipated, as I am on record saying that I thought we'd hit them in April or May of this year. And although I think we may have to wait as long as May to make new highs for gold and September or October to make new highs for silver, it may not take that long and we may even hit that aggressive range on the right side of the screen before mid 2027, which is what I have said I expect. Now, apart from sharing these targets once again with you all on Wednesday, I also shared


market data based on max pain for Friday options trading. And I noticed that maybe not everyone understood what these numbers meant as some confused them with a Friday price prediction that I thought would create pain for the community. But what these prices represented are prices that create the maximum amount of financial loss for GLD and SLV gold and silver ETF options traders. As these prices create the most losing investors and the biggest gains for banks, which is often why the banks try to push


prices in these directions, whether higher or lower, depending on where options are trading, on days that options expire. But as we saw on Friday, it's not a rule that it has to happen. It's just something that happens more often than not. And as you can see here, I wasn't the only one looking at this data point as just Daario on X, who I think is a great follow, by the way, shared this 2 days after my video warning about the same possibility. And if you'd like to see me share more data


like this around options expiration again in the future to help manage expectations, please let me know in the comments section below as I really couldn't get a read on whether people liked this data or not or even knew or understood what it was. But your feedback as always is valuable to me. Anyhow, despite a major market incentive to push prices down on Friday, which we saw in early trading hours as silver pulled back as far as $77.50 50 cents an ounce. It seems at least in part that people hedging against a weekend strike


on Iran ended up pushing the prices up as I warned could be the case with silver not only having a huge day on Friday up more than $6 per ounce on the day but it even broke out of this triangle pattern on the chart that I've marked with black lines here potentially indicating a price reversal which we know is coming sooner or later simply based on the supply and demand dynamics. for silver. That said, looking at things on a purely technical basis, despite this positive development for silver


price on Friday, I just want to say that silver is not out of the woods yet. And although I remain bullish on silver, so buy while you can, silver still needs to get above $86 per ounce and then $92 per ounce before it can retest the January highs. So although I think silver has bottomed, I still say be prepared for me to be wrong on that and don't panic if we see these lower prices come into play at some time before the end of April. Just use it as an opportunity because new highs are coming in 2026. And to the


bulls who I offended on Wednesday, I saw many of you in the comments section, many of whom I suspect were absolutely terrified, by the way, during the January 30th pullback. Just remember, we're on the same team here, and I set expectations low, always sharing my conservative targets for us to be happy if and often when we exceed them. Now, moving over to gold. As I said on Wednesday, once again, I do believe gold has already bottomed. And I repeat it just because people see these pullback level warnings thinking this is where


I'm saying price is going to go and don't buy anything until we get to these prices. But I show these levels so you're aware of what to expect if I'm wrong. Especially because I see some people on YouTube talking about gold going below $4,000 an ounce with one person in particular talking about gold pulling back as far as 3,200 or $3,400 an ounce. And that's not going to happen. Now, gold has been much stronger, technically speaking, than silver. And I am extremely confident


that gold will make a new high before silver does. That said, gold still needs to get above $5,120 per ounce and even better yet, $5,150 per ounce and hold that level before it can retest the January highs. And who knows, it may happen as soon as tomorrow because Friday was not only for hedging heading into the weekend in case of war, which it seems nobody wants, by the way, but it was also driven in part by a major US Supreme Court decision on President Donald Trump's tariffs. So, in this video, we'll talk about the tariff


situation because it's extremely complicated, but extremely important for gold and silver because they were the biggest movers and most volatile assets on Friday. And I think at least in part, it was due to the tariff ruling. Once that's covered, I want to show you all the latest data covering how much gold and silver Americans can afford to stack in a calendar year versus past years. It's something we've looked at a few times here on the channel in the past. I've got the latest numbers updated for


you in this video and what you're going to see will absolutely shock you, maybe disappoint some of you. Now, just before we start, I want to remind you all that Summit Metals has redone their website. It's easy to use, the prices are great, the customer service is second to none, and everything you buy is guaranteed to be authentic. No fakes, no scams, just real gold and silver. So, if you're buying right now expecting a breakout above the levels I've just shared, or are buying on a schedule, which is the


best thing to do because it takes the guesswork out of it, please check out summitmetals.com. It's the best place to buy in my opinion, and it supports what I do here on YouTube. So, jumping in, we got big news on Friday with the US Supreme Court ruling that President Trump's tariffs are unconstitutional. And my job isn't to take sides on the topic. It's just to let you know how they impact the markets specifically gold and silver. So I just want to be clear about that rate from the very


beginning. So up until now the common wisdom has been that tariffs create uncertainty and uncertainty is good for the prices of gold and silver especially gold price as it made strong moves up in early 2025 after President Trump first announced his plans for tariffs. Now, on the other side of that equation, the argument has been that removing tariffs would be bad for precious metals, as the 90-day tariff pause that we saw in April last year triggered a major stock market rebound and halted the strong moves up


we had been seeing in the price of gold. But one year later, the situation looks a lot different. Not only do we continue to see weak jobs data in the United States, but the economy overall looks sluggish. I've said this before, but the United States likely entered a mild recession in early 2024, and the severity of the recession, depending on who you are and how much it's impacted you, may vary. That said, I see no evidence to suggest that the recession is over. In fact, I see just the


opposite with the odds of interest rate cuts by the Federal Reserve in 2026. And this is despite the fact that President Trump has announced this wash guy as the replacement for Jerome Powell, who allegedly is against money printing and against lower interest rates. I see the expectations for interest rate cuts in 2026 rising even this past week, indicating that the most recent batch of economic data may warrant intervention from the Federal Reserve with odds of seeing three rate cuts or more in 2026,


quickly approaching 50%. Now the big problem with this is that rate cut expectations are rising as inflation remains persistent because along with overall weak economic data released in the USA on Friday, we also got the PCE inflation index which is the Federal Reserve's preferred way to track how quickly prices are rising. And as you can see here, they are rising with prices, according to the core PCE, which is their favorite measure and indicator of inflation in the United States, up by 3% over the last 12 months. So, you may


be wondering how all of this ties in with the tariff situation. So, let me say this. Whether tariffs themselves push the prices of gold and silver up or down is really irrelevant in 2026 over the short term. Because with or without tariffs, gold and silver win. And this is why. This year, the United States has to roll over approximately $9 trillion in debt. And part of that debt was going to be paid off with money raised by the tariffs, which represented approximately 4% of US tax revenue over the past 12


months. Now, with those tariffs deemed unconstitutional, it seems that not only is that revenue gone, it's not coming in anymore, but a lot of it may actually have to be refunded to the people who paid them with estimates as high as $175 billion for how much the refunds may total. And with this happening, just as the Federal Reserve started quantitative easing back in December to help ease some of the pain in paying back a debt, the United States absolutely cannot repay without printing the money to do


so. This situation puts even more pressure on the Federal Reserve to potentially print even more money and buy more US bonds, which is something they admitted would remain at elevated levels this past week, at least out until midappril. Now, I wish that was the end of it, but it's not the end of it because if you follow the news, you'll probably already know that despite the Supreme Court's ruling, President Trump has enacted new tariffs of 15% on imports from all countries going to the United States based on a


law from the Trade Act of 1974. Tariffs which can legally be enforced for the next 150 days after which they disappear. Now, as an outside observer and a person who expects the US dollar to break below 96 this year on its way to 90 on the dollar index and even lower after that, I have to say that this struggle between the executive and judicial branches of the government in the United States, no matter who you think is right, isn't a great look for the US dollar, the stability of the US government, or its ability to raise


taxes and pay back debts in a responsible way. To be quite frank with you all, it's a very bad look. And although I think the dollar index likely remains strong heading into the weekend due to Iran war hedging, I wouldn't be surprised to see the dollar finally move below that key level of 96, maybe after a symbolic strike on Iran has been carried out and a lot of the war expectations get priced out of the market, which either way only serves to strengthen Gold and Silver's bullcase over the long term, not weaken it


despite the fact that the market seemed to be a bit confused as to how gold and silver should be priced after the Supreme Court's decision on tariffs was announced this past Friday. And although we don't know yet how much of the Friday price surge we saw was associated with Iran and how much was associated with the tariff decision itself, the long-term outlook is clear. Gold is slowly replacing the US dollar as people and institutions lose faith in it. And there is simply not enough silver to go


around with more and more paper currency being printed up every day to chase it. So own both because they are your lifeboat in times of uncertainty. And when you're on a sinking ship, what matters is that you have a lifeboat, not the price that you paid for it. So I encourage everyone to stay on their buying schedules right now despite all of the uncertainty in the market and despite the looming risks of pullbacks. stack within your means and don't fear those pullbacks if they happen. You have


the price levels that I've shared earlier on in this video. Write them down and know those could be key pivot points before making new all-time highs for both gold and silver because metals are becoming unaffordable for a reason. And we'll discuss why in a moment. But just before we get to the gold and silver affordability figures and how much American households can stack, please remember that if you want to branch out into other hard physical assets like land, but maybe having a hard time getting started, that channel


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the Federal Reserve cannot print. And that's landofland.com. Okay, so moving on to this video's viewer question. And please remember that I read the comments even though some of them are not so nice, especially the ones from this past Wednesday. But at the end of the day, this is meant to be useful viewerdriven content. And you can submit your questions in the comments section below. And this week's question comes from Dread Pirate Bony. And Dread Pirate Bony asks how much gold and silver they should be able to


afford. They say they are doing the DCA method, which is buying on a regular schedule, which is of course what I preach here on the channel. In fact, I just said it. And he or she adds that they are buying 10 ounces of silver a month and a/4 ounce of gold every two months, asking if it makes sense to be doing that. So, right from the start, if you are saving anything at all, you are already ahead of not only most Americans, as this data here on the screen suggests, but you're ahead of most everyone in the world. And I think


that point is perfectly presented in this recent survey conducted by Bank Rate that shows only 21% of Americans have more emergency savings than they did one year ago with 29% of survey respondents saying they have less savings than they did a year ago. Another 29% saying they have about the same, which if we're measuring in fiat currency actually means factoring in for inflation, you have less than you had a year ago as prices are going up. And 17% saying that they have no emergency savings at all. On top of that, the


survey shows that only 30% of respondents would cover a $1,000 emergency from emergency cash savings, with most other respondents saying they would have to borrow the money if faced with such an emergency. So, right from the start, again, if you're saving, you're better off than most. And if you're saving in gold and silver, you're probably better off than most savers. And we'll touch on why in a moment. But first, it has to come as a shock to people seeing just how bad the savings


situation is in the United States, especially considering the fact that median household income has never been higher than it is today at nearly $84,000 per year. And this is updated fresh data from the Federal Reserve. So, how is it that so many people can't scrape together $1,000 for an emergency? Well, it starts from the value of the currency itself because the value of the dollar and again this applies to other currencies like the euro, the pound, the Canadian dollar, the Aussie dollar,


Japanese yen and on and on but the value of the currency has dropped so much relative to the cost of goods that people are only saving in the United States about 3.6% 6% of what they earn according to the latest data from the Federal Reserve which you can see on the screen here. Now, that's not the worst it's ever been because it was as low as 2.2% in June 2022. But if we compare the savings rate in the United States today to the average savings rate from the 1990s, people today in the United States


as a percentage of what they make are able to save about half as a percentage of what they were able to save in the 1990s at 3.6% savings rate today versus an average savings rate of 7.2% in the 1990s. And yes, people are not responsible with their money. I know. But they weren't so responsible with their money in the 1990s either. And I know because I was there. And the rising price of gold is telling us that it's mostly inflation and currency debasement that is causing the increase in economic hardship faced


by people in countries across Europe and North America. With the typical American household, according to the latest data, now able to save only a little more than a half an ounce of gold at spot price with the entirety of their annual savings, which is down from more than 2 ounces in 2011 as the world was still recovering from the global financial crisis. And gold approached $2,000 an ounce for the first time ever. And it's down from roughly 6 12 O a year in 1990 when the US dollar still meant something


and still had more value. Now moving over to silver, that situation is just as bad. In fact, I'd say it's even worse as the typical American household today is able to save, listen to this, 93% less when saving in silver than they were in 1990 with a full year's savings giving you about 36 ounces of silver at spot price today versus more than 500 in 1990. So, coming back to the viewer question, pirate, you had a pretty complicated name there. I'll just call you pirate. You said you were stacking


10 ounces of silver a month and a/4 ounce of gold every 2 months. So that gives you an ounce and a half of gold in a year and 120 ounces of silver. I understand that it might not seem like a lot, especially when you get into some of the stacking communities and forums or even in the comments sections uh to some of these YouTube videos where people who have been doing it since 1990 like to let everybody know how much they've been able to accumulate over that period of time. But stacking even


these modest amounts of gold and silver today is far more than the typical American household could stack at a similar gold to silver ratio when they save, by the way, all of their money in gold and silver. Which means no matter where you are in the world, if you own any gold and silver, number one, you're likely ahead of most other people to begin with. But if you're able to stack a quarter ounce of gold and 20 ounces of silver per year, and I know to some of you it's going to seem minuscule, but if


you are able to do that, you are doing well relative to most other people based on these numbers based on the median household income multiplied by the average household savings rate, you are doing much, much better. So please keep that in perspective. Now, if you can stack more than that, of course, I encourage that, too. I'm not saying to purposely stack less because anyways, it's better than what most people can do. I encourage you to stack as much as you can as long as you're stacking


within your means. But stacking even small amounts of gold and silver makes sense, especially when you stay consistent because a lot of people are getting interested in gold and silver just now. And they will lose interest on the next pullback just like they did in 2012 and 2013, just like many people lost interest in October of last year, just like many people have lost interest since the January pullback. These are just facts. But if I've learned anything in life, it's that if you want to be


rich, and you know, it sounds cliche to say if you want to be rich, but I'm being absolutely sincere about this, it's consistency that matters most. The same type of consistency that most people blindly follow when it comes to buying their little bit of the S&P 500 every month, even though gold has significantly outperformed it since 2000. So, pirate, I hope that answers your question, and I hope that information was useful for everybody at home watching this video right now. Apologies for my voice. I have a little


bit of something happening in my throat right now. But, thank you all for watching to the very end. If you enjoyed the content, please remember to make some noise for the algorithm. Leave a like below as that increases the chances of this video being recommended to somebody else who may need to hear this message. And of course, please share this with your friends and family as it helps my channel grow and helps get the message out to more people. With that said, please remember to take care of yourselves and take care of each other.


See you all in next Sunday's video. Goodbye.