hey everybody Welcome to bald guy money about one year ago I went through some pretty rigorous calculations to give you all my best estimate on how much silver it took to be a top silver stacker both worldwide and in the United States since then a lot of new people have started stacking silver and some part of newly mined silver has been converted into Boolean which is why we're making this video today because we are doing a 2023 update and in this video what I'm going to be doing is I'm going to be answering the


question once again how much silver do you need to be in the top 20 percent five percent and one percent of silver stackers just before we get into those revised numbers here is a reminder of what it took to be top 20 percent five percent in one percent worldwide in 2022 with a range of about 406 to 541 troy ounces needed to put you in the top one percent worldwide compare that to a range of 2050 to 2732 troy ounces of silver to be a top one percent stacker in the United States in 2022 and finally we ended that two-part


series with what it took to be in the top 0.1 percent both internationally and in the USA and that was a range of 1746 to 2326 troy ounces at the global level a comparable amount to what it takes to be a top one percent stacker in the USA and from 10045 to 13 387 ounces of silver to be a top 0.1 percent stacker in the United States an incredible accomplishment that a handful of you said that you've actually achieved so congratulations to all of you out there who have achieved that now for this video apart from answering


the key questions we need to answer to update our top stacker numbers I will also be covering what these updated numbers mean for silver stackers how much silver you need to buy to keep pace and how much silver you need to buy to race ahead and reach higher ownership tiers I have also consulted the artificial intelligence tool chat GPT to understand what the opinion of the internet is on this topic and I say the opinion of the internet since many of you have astutely noticed that chat GPT usually produces


answers based on internet consensus so those are two additional bits of information I want to pass on to you all in this video we're going to get right into this I just want to remind you all to please leave a like in support of this Channel and content like this if you want to of course and don't forget to subscribe to the channel if you want to see more content like this it really helps me out thank you very much so these are the numbers we established in last year's video 295.5 million silver Boolean stackers


owners holders whatever you want to call them these are people who have some form of silver Boolean whether it's a few collectors coins a stack of one kilogram bars or just an eagle they inherited from their grandfather and it's important we count each and every one of them because with deficits on Silver becoming the norm and I'll say more on that topic in a moment every ounce is quite literally precious and we have to be thorough in making sure it is all counted to get an accurate number so


throw your personal definitions aside for this video because doing it any other way won't work in my opinion and I start with mentioning that number because it's the first number we have to adjust to update our top stacker data and since there are no official statistics kept on how many people own silver I consulted Wall Street Silver on Reddit and what I did was I compared Wall Street Silver growth versus total Reddit growth and came to the conclusion that it was fair to assume the number of


total silver owners grew by about 2.1 percent over the last year which is a lot that's 6 million people and I assume this was driven not only by inflation and more exposure to the topic from channels like mine but mainly driven by the bank crisis and a desire for people to be able to protect their wealth in a way that doesn't have any counterparty risk on the flip side of that I also assumed that a death rate of eight owners per 1000 applied which is the average global death rate and that


gives us a new number of 299.2 million Global silver owners or 3.8 percent of the world's population the next part was to update the amount of silver Boolean held in private hands and this is where I consulted the silver Institute according to their figures a whopping 309 million ounces of physical silver will be added to investment portfolios this year a number similar to 2022 and nearly double what people were buying in the years from 2017 to 2019. and as you can see in this table high demand for physical investment silver


paired with highs in industrial demand is putting a major strain on the supply side of silver we are currently in our fifth straight year of silver deficits meaning we are using more than we are mining and even mainstream news outlets like Reuters are starting to pick up on this story and I know this isn't the point of the video but I wanted to highlight this fact to support my decision to include small level owners because as I said a moment ago every ounce is literally going to be precious


one day now of that 309 million ounces marked for physical investment purposes about a third of that will go into ETFs and Bank vaults another two-thirds will enter private hands and it's that two-thirds we are going to use for this calculation because if you remember back to my first video I exclude silver held by countries and corporations because well it doesn't make much sense to compare ourselves to JPMorgan Bank so that leaves us with a net of about 200 million troy ounces to add to our


total pool of silver giving us a new Range starting at 3.2 billion ounces and at the higher end 4.2 billion ounces and if you're new to the channel what that means is in total there are anywhere from 3.2 billion ounces of silver up to 4.2 billion ounces of silver in private hands leaving about 11 to 14 troy ounces of silver per owner which is not a heck of a lot and really illustrates that it doesn't take much to get ahead in this game now that we have our new base assumptions I want to get right into the


results because there are some important changes that have taken place since the last time I did this analysis and it deserves some attention starting with the top 20 of silver owners now not much has changed for this group since the last time I did this analysis they still hold about 80 percent of the silver Boolean Supply and only needed to stack two troy ounces of silver over the past year to maintain their status as a top 20 stacker which is a four to five percent increase versus the 2022 level


but once we reach the top five percent this is where we really start to see changes with the amount to qualify for this group increasing by eight to ten percent versus 2022. so that's double the increase needed to remain in the top 20 and it's driven by two things the first thing is that over the last year the concentration of wealth has continued to evolve and not in a way that's good for the economy as governments around the world continue to try to fix the messes they've created


their actions are exacerbating or worsening the polarization between the wealthy and the poor on top of that some of these actions namely the rapid increase of interest rates in the United States which triggered the collapse of a couple large banks have resulted in more distrust of the current Financial system giving a group that already had a healthy distrust of that system more reasons to store their wealth in Precious Metals outside of that system and that means you now need from 145 up to 191 ounces of silver to qualify for


the top five percent of stackers an increase of 13 to 15 ounces versus 2022 but that polarization of wealth is no more evident than when we take a look at the evolution of the top one percent over the last year a group whose overall share of wealth has increased to 46 percent of global wealth today versus 40 in past wealth pyramids resulting in an approximate 20 percent growth in estimated silver Holdings for that group making the amount of silver you needed to stack over the last year around 100 ounces to


maintain that top one percent status which is a lot more than I personally expected but when I see stories like this one showing that interest in metals has motivated some people to put significant amounts of their wealth into physical gold and silver I suppose none of us should be too surprised that the top one percent has grown their Holdings significantly more than the rest of the pyramid now I know these numbers can ignite a bit of controversy in the stacker community in fact a lot of my videos ignite controversy in the stacker


Community even though I never intend them to so I thought it would be best on this topic to consult another source one that I have consulted in a couple of other videos in the past and that's the artificial intelligence tool chat GPT and when I asked chat GPT how much silver it thinks is needed to be in the top one percent of silver owners based on its vast internet database this is what it said given this context a revised estimate for being in the top one percent of silver Boolean owners could be lower


range owning several hundred to a few thousand ounces of silver Boolean might put you in the top one percent of silver Boolean owners upper range owning several thousand to potentially tens of thousands of ounces of silver bullion could potentially place you within the top one percent of silver Boolean owners and overall I have to say I am quite satisfied with that answer as I think it tends to support my numbers which are a fine Target for those of you hoping to increase your stack relative to other


people that said I'd love to know what you think about this in the comments share only what you feel comfortable sharing and don't be afraid to give me your honest but respectful opinions now on to the viewer question for this video and since we're on the topic of silver I wanted to answer this one because well we all love a good price prediction don't we I think we do and this question comes from Wes and Wes asked where do you see silver at price wise per ounce as the high for the next Bull Run and I really


love this question because my opinion on this topic hasn't changed much over the last two years and it's all based on this data two years ago I said that something is going to break when it comes to the continuous deficits we are running on Silver Supply and you can see those deficits highlighted here in this table in the red frame and what I said then is that based on increasing demand and dwindling reserves we should see a crunch happen by 2026 where I expect the price of silver to reach 60 per troy ounce


now I know that number will disappoint some of you out there and I will be the first to admit that that number could be a little bit higher than the estimate that I'm giving feel free to give me your 2026 price Target in the comments section but I know there are a lot of people sitting on fifty dollar silver who purchased it in this area here and are looking to get out of it and something us stackers seldomly acknowledge is that Supply held by stackers is constantly changing hands and my assumption is that


the 60 price level will create an incentive for people to cash out as much as 400 million ounces of privately held silver and I also think that will put pressure on the price bringing it back down again but to higher levels than we're at right now likely a sustained run above thirty dollars per ounce and that's only over the next few years mind you and assuming supply and demand Trends remain stable and as a person who likes to under promise and over deliver I am more than happy to be proven wrong on this price


prediction especially as we are starting to see Chinese demand for silver grow right now exactly as I expected it to in 2023 and which I also expect to drive the price of silver above the 30 level in the first half of 2024. so thanks again Wes for your question I hope that answers it now for those of you who missed me the last couple weeks don't forget that I never miss a video on patreon a place where I also give price targets provide stacking tools issue price alerts and you also get direct access to me and the bald guy


Discord chat joining my patreon not only helps keep this channel sponsor free but it links you up with a community that will help you in your stacking journey and help you make more informed investing decisions based on reason rather than decisions based on fear link to join is in the description and the pinned comment and there will also be some big news regarding my patreon coming next week the patrons already know because they already have access to the next tool that I've released so look out for


more information on that in next week's YouTube video with that said I wish you all a happy weekend ahead take care of yourselves and take care of each other everybody until the next time we see each other goodbye