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In this video I show you exactly what is driving the price of metals and why we are not achieving the lower prices that a lot of other YouTubers have been calling for! Silver are Gold are on the way up – and I talk about why!
I also answer a viewer question on the topic of my price predictions for both gold & silver.
Be sure to watch to the very end because it is full of useful information.
None of this advice – I am not a financial advisor – this is educational material!
Links to data sources:
Manufacturing Competition to China
China Interest Rate Data
https://ycharts.com/indicators/china_loan_prime_rate
Hang Seng Index Data
https://www.tradingview.com/symbols/HSI-HSI/
China Real Estate Data Visual
Gold Chart
https://www.tradingview.com/symbols/XAUUSD/
China Gold Demand Projections
https://www.statista.com/statistics/1303889/china-gold-demand-by-usage/
#gold #silver #silverprice
Hey everyone welcome to bald guy money I am bald guy and back in May of last year I exposed a disturbing Trend where many YouTubers who were talking about the imminent end of the US dollar and launch of a brics currency were taking money to promote Chinese propaganda on their
Channels on this platform and since that video aired and people said I was stupid and that I had no idea what I was talking about that China is strong and that they’re ready to take over we’ve seen China’s property Market one of the most popular investment vehicles for
Regular Chinese people collapse we are seeing other Asian countries continue to steal manufacturing jobs from China as companies including Chinese companies seek to diversify their supply chains transparency of economic data being shared by China remains opaque at best spooking off many investors who are not confident that the current regime is
Competently managing the country’s economy and this has resulted in a massive selloff of the Chinese stock market and we’re looking at the Hong Kong index the hangsang index right here which is down more than 40% over the last 5 years and might finally be finding a bottom all of this as the
Chinese government desperately tries to stimulate economic activity in much the same way that Western viewers are used to and that is by be by creating new money and putting it into the economy which is at least a part of the reason why the Yuan has been hitting the very
Low end of its trading range against the US dollar over the last 9 months or so and why in this video I want to talk about the oversized influence the Chinese market is beginning to play on the price of metals including what’s driving Chinese people to invest in
Metals today what prices they are paying if their demand is sustainable and how I think Chinese demand will influence the development of metals prices moving forward and this point concerns each and every person who either owns gold and silver or is considering buying gold and
Silver now just before we get into it if you’re in the United States and want to buy gold or silver at a great price from a dealer with f fantastic customer service please check out channel partner pinck they’ve currently got silver branas on their website as low as
$25.75 per piece and we’ve just seen some nice positive movement movement on the price of silver after bouncing off technical price support so check out pin beck.com for this deal I will leave the link to it in the video description below and if you want to talk to them
For free about starting a gold or silver Ira call them at the number on the screen just please remember to let them know you came from bald guy money so to begin what is driving Chinese citizens away from their tried andrue investment vehicles and towards gold and silver
Well to answer that we have to recognize what have traditionally been the favorite places for Chinese citizens to park their money and it goes like this starting with bank deposits then real estate stock and finally precious metals and to start when it comes to their favorite place Bank deposits as China has struggled
Economically interest rates have been on the decline over the past 5 years as a result many Chinese have become unhappy with the rate of return they’re seeing from savings mechanisms as an alternative in the face of declining interest rates Chinese increasingly put significant amounts of their money behind real estate
Properties that were left unrented as renting them out would result in the value of the property going down and that resulted in the rise of Chinese ghost cities and I’ve put a picture right here on the screen for you to see and they’ve been funded by people
Looking for a return on their investment who paid little attention to the actual need for new real estate projects in a country where the population is in Decline the third investment vehicle stop STS are not usually preferred by Chinese because there is a major lack of trust and transparency in the Chinese
Market when it comes to these Investments that fact paired with the awful performance of the market has left only one asset class that the Chinese really trust still that being gold and silver which the Chinese are traditionally skewed towards gold which as you can see here is up
53.4% on the 5-year chart making the Chinese much more confident about holding their money there versus keeping it in real estate or the stock market but physical silver ownership is also experiencing more popularity in China right now too and Chinese demand is an element keeping both of these metals
From dipping to lower levels of price support right now in addition to that the physical demand in the market has resulted in some minor Supply squeezes on the physical Market which means Chinese are often paying more for gold and silver than westerners are especially near the beginning of the
Year when they celebrate the Lunar New Year as they are now with the Chinese often paying a few percent more for their medals than my viewers in the United States for example so now we have to answer the question is this Chinese demand for precious metals sustainable
Or will it eventually go away resulting in a corresponding drop in the prices of both gold and silver moving forward forward using gold as our Benchmark you can clearly see by the projections here that demand for the metal is expected to rise every year right out to
2026 driven by the reasons I’ve covered so far in this video remember China’s population is in Decline this is not demand growth caused by new people entering the market as you might see in a country that is that has a a growing population this is driven by Chinese
Citizens out allocating more of their money to metals and less of it to other places simply put So my answer to the question on the sustainability of this demand we’re seeing coming from China is yes as many YouTubers are out there saying silver will hit $17 an ounce and
I don’t know what these two YouTubers from the image are talking about I admittedly don’t watch their Channel I just picked these up for examples for you to see in in the image when it comes to which metals channels I watch I watch two as one I watch Ron’s basement I
Watch silver Seeker sometimes and I watch Yankee stacking on the rare occasion so this is not me calling these guys out again I’m just using these video thumbnails and titles as an example of some of the fear that I’m seeing spread in the metal stacker Community because I know many YouTubers
Are saying this because I see it in the comments section of my videos and what people who are spreading that narrative don’t realize is and here are some examples of the same narrative being spread around for gold is that this new paradigm this new situation for the Chinese investor is making the floor
Price so the technical support price for gold and silver much higher and it’s likely why we’re not seeing major dips in the price of gold below the $22,000 level right now and why we saw the price of silver actually rise this past week despite the latest inflation numbers
That resulted in a dump on the stock market this in my opinion is the early sign of a Metals bull market and if smart money is any indication of where this Market is going Stan rucken Miller who I’d say is one of the smartest investors just dumped some of his tech
Stocks and has entered gold miners baric and numont the same trade from Tech into miners that I made last summer and I’m buckling up because I see growth in metals coming as well as Returns on my mining positions now these are two topics that I’m not seeing covered
Nearly enough not only in mainstream investing Outlets media Outlets I should say but as well as within the metals stacking Community channels and it’s something that I urgently wanted to make you all aware of because the economy is experiencing a downturn right now we all
See it we all feel it we know it’s happening Japan’s just entered a recession the UK’s just entered a recession and a a flight to safety is right around the corner and moving on to this video’s viewer question I’m covering this for many of my new subscribers who have joined the channel
Over the last few weeks and please remember I answer one viewer question in every video so leave your questions in the comments section below and this question from Mr Jared Fleming ties in very well with what we’re talking about because just as we’ve seen Chinese investors pivot out of real estate out
Of stocks and increase ly into precious medals Mr Fleming asked me he he said he wants to know what my price prediction for silver is so Mr Fleming I will do you one better in this video and I will tell you that I see the price of silver reaching as high as
$303 in 2024 and I’ll throw in the price of gold for free by saying I see it hitting $2,400 an ounce as long as the macro situation continues to develop the way it is currently developing so that doesn’t include any unforeseen disasters that could negatively impact the price
Of gold and silver and I encourage everyone to check out some of my older videos going through the calculations of how I got there starting with my best and worst case scenarios for gold and silver in 2024 video I’ll link that video up in the description below and
Just before I wrap up for this video please if you like my content if you’re interested in the things I’m talking about and covering here on this channel and want to go still a layer or two deeper please join my patreon for more bald guy content tools I give price
Targets purchase alerts and more link to join is in the description and pinned comment with that said that’s it for this video everybody as I always conclude my videos I want to say to you all please take care of yourselves and take care of each other until the next
Time we see each other everyone goodbye and
29 Comments
Great Video Bald Guy. Spot on!! I’m seeing a ton of videos coming out of China from people who have lost everything. Both in the stock market and housing market. I believe we’ll see that here soon. I’ve been stacking since 2015 and will continue as I have zero faith in our markets. Wealth preservation. I’d rather have it and not need it than need it and not have it.
Quick question B.M,
I live in Brisbane, Australia.
The price of houses are raising regardless of interest rate hikes and high inflation. In my opinion price of the house won't go down due to market demands. Moreover, Reserve Bank talking about decreasing interest rate by this year which can cause property price goes higher in my opinion.
In the meantime, I don't see our economy is in the good shape.
What is your opinion about property market and what is your suggestion
Thanks this is really informative
It's all relative, yes China's stock market sucks, BUT in the west it's all just paper derivative BS…regardless, GDP is essentially meaningless, China have the production and the factories, the US have uber drivers and azz-injections at the plastic surgeon's office…which would you prefer?? I'm sure those $70 uber rides are soooo beneficial to the average American GDP…😅
Excellent presentation and information. One of the few channels that are not producing pump and fear clickbait videos. I had not fully considered the impact the Chinese citizens could have on the gold market as they would logically flee to gold to protect their middle and upper class wealth they have created over the last 20 years.
The moment u touched on China, I know u know nothing about Chn. Have u been there? Ghost cities? When was the pic taken? If details from Chn is opaque, why only when it comes to previous metals u can trust the source? Pick n choose what fits your narratives? From: Malaysia..🤦♂️
I am sorry, I live in the usa and in the 20s we were on the gold standard . You could take $20 dollars and at the banks back then you could exchange that for a $20 double eagle which is almost an oz of gold shy of a few grams. The extra $5 dollars would make the quarter oz. That would be the 1 and quarter oz. In todays money that would be $2500. Sorry for not explaining myself better the 1st time.
I smashed your thumb 👍
PMs are almost a set & forget ti investing. I buy and am comfortable. Its a wealth oreserver, it does not loose value like fiat curriencies due to inflation. The US Government is actively increasing inflation by spending taxpayers money, for undergand reasons. This forces the Fed to borrow, print or QE, in whatever form, which degrades the value, the buying power, of the USD!
Hold Gold ,Silver and food NOW !
Property is in a bubble everywhere in the world. Income and business profits are way down and the high price is not sustainable. It’s artificially inflated. One of their ways doing so is bringing in migration and refugees.
When FIAT 💸 flies away into oblivion , and folks finally wake-up it’s already going to be over . ⌛️
Brother always appreciate you knowledge 🤝
Great video thanks for the info, seems to hold true 👍
Great video as always. I’m look forward to $30 an ounce. 🎉
India is the new China… INDA
You hit it again. However their military complex continues to grow. This concerns me more than their national economy
What city are you from? I'm from Staten island NYC
I am willing to make you a friendly wager ($100us) that gold will not hit $2400 in 2024. I think we will see sideways trading on it, between $1900 and $2250 this year.
The same goes for silver (Though no bet on this one, since it has been super volatile the past 4 years) – I think it will be mostly sideways trading between $21 and $26, with brief lows potentially $18.00 and brief highs potentially $29.00.
Everyone seems to forget that silver fell below $19 just 18 months ago and fell below $15 just 4 years ago. That is a pretty big trade window, and nothing in the charts reflect a steady gain. (It trades more in short spikes up and down, and if folks are paying attention, they can make positive gains trading in these spikes….)
Do you want the friendly wager?
Thanks for the video either way.
What form of gold and silver are the Chinese buying? I've heard 1/2 kilo and 1 kilo bars are the only purchases they can get from banks. Does that mean they buy gold jewelry? Do they even buy pandas?
I believe silver will always stay low priced.
if gold mining gets a boom I'd think it means the gold prices would go down. they'd increase the supply of gold, which would let the paper market balloon too. it's like the fed printing money, but probly happens slower. and if world govs ever stockpile again, it would spike the demand, you'd expect the price to increase, but they'll be smart and want to do it cheaply, creating favorable conditions for things that drive the price down while they buy. if they're smart, they'd drive the prices down into a nice 20% wedge to accumulate before letting the prices go farther past 2k. but whether they do it now or later from a higher price, we can likely see something like that. either way, there's definitely reasons to see stronger dips again. but these are complicated because they need worldwide manipulation of the larger paper markets. doable, but needs back room coordination of the big players and some time to make it look 'natural' too.
Yeah, a lot of this is caused by monetization. I don't think they are really trying to spread a narrative, per se. I think they are just looking for a way to provide content, and sometimes only talking about possible price drops or rises (i.e. paying attention to the hype in any direction) is all that they can really come up with for video content. They aren't skilled at doing any kind of in-depth analysis related to the numbers, so unless they are reacting to geopolitical events (Smart Silver Stacker) or interviewing a local coin shop owner (Silver Dragons), they often have a hard time making videos. And while I don't think either one actually lives on what they make through YouTube, I know the money they make from YouTube has been fairly lucrative and has probably caused them to make content that they aren't really fully behind or proud of at times. That's just an assumption on my part, as I know I'd be disappointed in myself if I were making videos like that.
Bald guy… have you considered the Shanghai Gold Exchange is placing a premium to comex spot on metals, not due to demand, but to suck in as much foreign gold as they can. Melt in Switzerland and return as Chinese stamped bars. Genius. Look into it. They are prepping for the reset/Taiwan takeover and unloading US Treasuries as quickly as possible before this happens. As US will most likely freeze/steal their assets just like they did with Russia.
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80/1 ratio silver to gold?
GROY and AG 🚀🚀🚀
Question for you, I agree with your assessments and want to get your take on what you feel would happen to the silver and gold price, if the stock market were to have a big, say 15 to 20% correction?
I'm favoured, $63k, every week! I can now give back to the locals in my community, and also support God's work and the church, God bless America.
Bald guy, how about a bit more respect? It reflects badly on you calling your government a government and China's government a regime. Poor taste. Well, maybe you just don't understand politics…and watch too much TV. A question, why did you elect Biden for president? Not just me, it's the entire rest of the world wondering about what you expected this poor sick fella to do. Wow!