hey everyone welcome to my channel and welcome back to my subscribers this is bald guy money I am bald guy and in this video I am doing a follow-up to the last video that I released where I talked about how much silver you need to be in the top 20 five percent and one percent of silver owners worldwide thanks to all of you who watch that video and smashed up the like button to make it a big success for me I've received a lot of questions about the video and so I figured I owed it to all of you to answer the following


questions that I received here they are starting with question number one why does it take so little silver to make it to the top one percent worldwide we'll be touching on that in detail in this video number two what would it take to get to the top one percent in the USA I have a detailed breakdown to show all of you what it will take to get to the top one percent in the USA and a spoiler alert right now is that it takes a lot more than to be in the top one percent worldwide and number three what would it take to


get to the top 0.1 percent in the world and the USA and I will be showing those numbers in this video as always this is not advice and please don't forget to leave a like and a comment to let me know what you think about this content just please keep the comments clean that's all I ask so let's get straight into this because a lot of viewers out there were expecting these levels here to be much higher and there are a few things I need to explain to you all as a result the first thing is that this was


not a feel-good video to trick anyone or give anybody out their false hope to prove that I have added the US dollar value of the silver to this table according to the spot price at the time of making this video which is twenty dollars sixteen cents per troy ounce and why I did this was to make some sobering statements about exactly how much money this actually is with the hope that some of our less grateful community members could realize exactly how fortunate they are and the first one is about the top 20 which is around one


thousand dollars worth of silver and believe it or not when I was looking into some statistics I found that only four in ten Americans 4 in 10 Americans citizens of the wealthiest country in the world seventh wealthiest in terms of per capita wealth only four in ten can actually afford a one thousand dollar emergency meaning that the other sixty percent of Americans do not have one thousand dollars in cash savings let alone the luxury of having a thousand dollars saved in the precious metal Silver that we're talking about


now I'm going to skip up to the top one percent globally to make another point about that and again I stress the word Global because these numbers are not specific to any country we're talking about the world as a whole in this video just like when I use the term silver owner it is not specific to owning a certain amount of silver which I think maybe confused some of you out there and you have my word I will do better to Define these things for you to have absolute Clarity in the future but on


that I need to say that we need to kind of Park our local point of view in our personal and our personal definitions for a moment to consider this and what this table shows is an approximation at today's silver spot price of how much in US Dollars you need to have in silver to be in the top one percent worldwide according to my numbers as you can see that amount in US dollars is 92 percent of the average annual salary for an adult in the world we're talking here worldwide taking that into consideration


I hope many of you who actually made it to the top one percent from the last video will take a moment to reflect on what that means and appreciate the fact that you are fortunate enough to have the average adult's annual salary saved in silver coins and bars and if the price goes where many of you think it's going to go which is beyond my personal estimates there's no arguing that level of wealth will put you in a special category that said I know many of my viewers come from the wealthiest


countries on Earth specifically from the USA but also UK Canada Australia and Germany I see this in the statistical breakdown that I get in the form of a report from YouTube in the in the Google analytics and because I appreciate you all I have done some addition National research to determine what I think it takes to be in the top one percent in the USA which I think will be a better Benchmark for many of you who thought those worldwide numbers were a little bit low so here's how that breaks down


and let me please take you through it as we've established to be a one percenter it means something different in different parts of the world the one percenters I presented in my last video are not evenly distributed geographically and we see that in the US dollar amount it actually takes to be a one percenter in terms of net worth worldwide shown there in the first line in the table so to be a one percenter in worldwide net worth you need approximately 871 320 now that's a large sum of money no


matter who you are but if we move to the second line you see that in the USA it actually takes 4.4 million dollars in net worth to become a one percenter that means that wealth is five times larger for the one percent in the USA versus the world if we assume that holds true for silver owners that means to be in the one percent in the USA instead of having from 406 to 541 ounces of silver you actually need from 2050 all the way up to 2732 ounces of silver to place yourself solidly amongst the one percent of


American silver owners and that number is probably a better Benchmark for many of you out there who are very serious stackers and are looking to Benchmark yourselves versus other people who are also seriously stacking in the United States but before I move to point three on my list I want to share an interesting statistic that I came across while researching for this video and that is in total net worth you only need ninety three thousand dollars in net worth in US dollar terms and we're talking that's


counting all of your assets so precious metals real estate cash savings stock Bond Holdings Etc to be in the top 10 percent of people worldwide so I just wanted to share that statistic hoping that many of you out there watching this video will put that into perspective and really look and and kind of be grateful of how well off many of you who shared information in the comments actually are and I wish you all the best and I'm very happy that you've been able to attain success believe me and I just want to


make sure that we're all putting things into proper worldwide's perspective as somebody who has lived around the world now moving to point three and this is for the super stackers among us a lot of you wanted to know what it takes to be in the top 0.1 percent and I have prepared that number for both worldwide owners as well as U.S stackers to determine this I consulted Princeton University economics data data from the Knight Frank intelligence lab as well as the transnational Institute and what I


was looking for in particular is the wealth multiple between the one percent and the 0.1 percent both in the USA and globally and just before I carry on this is a reminder that I always share my data sources with all of you so you are free to check them they are in the description under this video in case you want to look and see what that looks like exactly for yourself or challenge me on some of the data I'm using which again is very much welcomed in the comments section but as I said just


please keep the comments nice uh that said what I discovered is and you can see it here in this chart is that the global 0.1 percent are 4.3 times richer than the one percent on average what that means for the silver stacks of these Elite owners is that worldwide to be in the top 0.1 percent you're looking at a stack from about 1 746 ounces up to about 2 326 ounces whilst in the USA the home of serious silver stacking let's you know be perfectly transparent about that you would need between about 10 045 troy


ounces of silver up to about 13 387 troy ounces of silver to count yourself amongst the top 0.1 percent of stackers and let me know right now by either hitting the like button or dropping a comment on whether or not this is a group you belong to or aspire to join because it is truly Elite now don't tune out just yet because I've collected some very interesting questions from our viewers and I'm going to answer them right now in the bald guy q a and if you have a question remember that you can drop them in the comments


and the best ones will be selected and answered right here on bald guy money and our first question comes from stand with Terry and stand with Terry asks as of one year later July 23 2022 the spot price of silver is about half 18.46 what you predicted at thirty four dollars per ounce for July 22. even though your inflation prediction was lower than the actual inflation since then obviously JP Morgan has not stopped manipulating prices down I'm just wondering where the 2026 total demand for silver of one and a half billion


ounces is going to come from I've heard the current world production per year is under 900 000 ounces the lack of Supply would suggest a much higher price for 2026 than 61 dollars per ounce which is of course the number that I predicted in one of my earlier videos that I posted I believe in July or August of last year and you're free to check that video out so great question from stand with Terry and I've prepared a few notes that I want to just reference here to answer your question so the on the first point


with respect to the current world production per year the supply let's call it the actual number according to the silver Institute and I've cited this number in a few videos is around 900 million to about a billion ounces per year so that's the first point the second point with respect to where the demand for the one and a half billion ounces is going to come from that is actually going to come from two places the first place is from Tech and I've mentioned this in past videos if you


have a smartphone or an LCD screen of any kind that contains silver within it and the demand for such devices is growing over time so that is going to be one pressuring area with respect to demand on the supply of silver that is going to make the price increase the second area is green energy and I've also spoken about this in the past and actually you can see that in the United States there is a lot of legislation being passed right now in order to address green energy and to make energy more green and what I want


to say here is things like solar panels which are again increasing in demand over time the demand for solar panels I should say is increasing over time solar panels also use silver within them and again this is how we're going to get to that one and a half billion ounces of annual Demand by 2026. what I do want to say is you are absolutely right we did not hit my price target of 34 dollars per ounce for July 2022 and there is one specific reason for that that I did not expect would happen and that is an


unexpected decrease in industrial output my assumption was coming out of covid that because a lot of factories had been shut down especially in China and people had been out of work etc etc that there would be an upswing in industrial production activity which if you see here and I've covered this in a past video that actually the reverse happened and I covered this a couple months ago when I said that the price of silver was going to go down around 19 and then down to the the 17 level I said


that this is being impacted by the level of industrial output that said I also shared this timeline to show how the recovery and the price of silver is going to likely look over the next 12 to 18 months and I still stick by my 61 dollar per ounce price prediction for 2026. that said likely this year probably closer to the end of the year I will do an update on that video to account for the higher levels of inflation we are likely going to experience over a sustained period of time so I hope that answers your


question thank you so much let's move on to the next one and this one comes from riftonic bald sir isn't the 21 million coins of Bitcoin a bit of sleight of hand given that a coin is divisible into 100 million divisible subunits doesn't this mean that there is an extreme abundance of tradable units after the proof of work phase another great question thank you so much riftonic many of you out there will know I hedge my precious metal stack with Bitcoin which I think will also just like gold and silver play a very


important role in the future I know some of you agree I know some of you disagree that said what I want to say about Bitcoin is the 21 million units are divisible into subunits called satoshi's and there are a hundred million satoshi's in one Bitcoin that said we have to look at it like for example with a dollar a dollar is also divisible into a hundred subunits called cents that applies to the euro and many other currencies around the world and I see this not as a weakness of Bitcoin but as


a strength of Bitcoin because imagine if we returned let's say tomorrow to a gold and silver standard where we had to use gold and silver to exchange for things on a day-to-day basis imagine being able to take your silver bar a kilogram bar and instantly divide it into a hundred million subunits like you're able to do for Bitcoin that is one thing that actually precious metals can't do that Bitcoin can and I absolutely see it as a strength of Bitcoin not a weakness because again the 21 million Bitcoin the


scarcity narrative around that is absolutely true the only thing that will divide Bitcoin from being either successful or not successful is whether or not it's a opted and I'm looking at the trends now and adoption is growing that is why I have personally decided to have some Bitcoin in case in the future it becomes as important as many people say it will be and I suggest everybody out there should also at least consider adding a little Bitcoin not advice but at least consider give it some thought


because should Bitcoin become for example a reserve currency of certain amount of of countries in the future the adoption is going to grow exponentially versus where we are today and the value of it will also increase not necessarily exponentially but I've already shown how it can be as high as eighty two thousand dollars per Bitcoin and even as high as a half a million dollars per Bitcoin so that's where I stand on the Bitcoin topic thank you again for your question I hope that answered it now moving on to the next


one and this question comes from Philippe do you recommend storing your physical assets like Cash Gold Etc in a Swiss or other kind of Bank thank you so much Philippe for the question now I just want to make one thing clear I've already mentioned it a couple times in this video and I always mention it I don't recommend anything because I'm not a financial advisor that said I've been able to successfully build my own personal wealth following an equation that's I think pretty conservative of


turning cash into assets and staying out of debt now that said what do I do personally with respect to this well first things first when it comes to gold which is highly concentrated wealth I think personally for me having that wealth in a bank safety deposit box is a very safe place to have it and that's just right for me now if you don't feel comfortable keeping your gold or silver or let's say even Bitcoin on a on a ledger in a bank due to you know counterparty risk I also understand that and there


are plenty of videos on the internet that can advise you how to buy a safe and where to to hide the safe within your house in order to secure your physical assets myself I think having it in a safety deposit box in a bank is a fantastic thing but I also think an equally uh reasonable way of storing your physical wealth is having a safe that is safely stored in your house and hidden from potential robbers and I will add one more thing in my personal case for things I choose to keep in my house I mean you see I I


do have an expensive watch on I do have some jewelry Etc it is imperative to have insurance and to have your physical assets that you're storing in your house insured in case of theft and that is also going to cost a little bit of money but you do not want to get caught with as they say in English I know you're you're polish but as they say in English you don't want to get caught with your pants down which means you don't want to get surprised if someone should for example steal it one day which is a negative


surprise and it's not insured and you don't have any way to recuperate that money so that's the way I personally see it what you do for you is your decision but there's a lot of content out there that will help you safely store that in your house like I said should you choose to do that definitely consider getting insurance and that will protect you against theft thanks again for your question now moving on to the last one and this one comes from Robert and this is a very interesting question when the


fed and IRS get eliminated what will physical gold and silver prices look like well Robert I don't necessarily have a prepared answer for you now but I can say that they will be significantly higher than they are now now I don't necessarily think an organization like the IRS is going to disappear because as Shakespeare said there are two things in life that are always certain and those things are death and taxes that said it is very likely that the Fiat system that we're currently operating in is going to


collapse I'm even reading stories today that Russia and China are bringing their alternative uh World Reserve currency which is based on a basket of Commodities very much backed by precious metals by the way they're bringing that to the next stage of development so we're going to have to see how this develops over time that said and from my point of view betting on assets so real estate gold silver things like Bitcoin things that are scarce betting on those things to appreciate in value versus


fiat currency which is being printed into Infinity is a sure bet and assure way of increasing your net worth and preserving your wealth versus inflation and that's worked for me personally thank you so much for the question and I think this is a topic we can dig deeper into in future videos so thank you all once again for your amazing support and fantastic questions that's all for this video I do hope to see you in the next one until then take care of yourselves please take care of each other abiento goodbye