Prepare Yourself! This Is How Much Gold & Silver You Need - 2024 Update

Summary

In this 'Bald Guy Money' episode, the host critiques amateur analysts for overlooking the bullish fundamentals of gold and silver. He highlights the 50-day moving average surpassing the 200-day, indicating a bull market, and gold's performance since 2015, which has outpaced the S&P 500. The host advises focusing on long-term trends rather than daily fluctuations, suggesting that as the market shifts to risk-off, precious metals will surge. He also discusses the importance of having a physical gold and silver stack as a hedge against economic uncertainties, providing a minimum target in troy ounces and addressing the pros and cons of investing in gold and silver ETFs like GLD and SLV.

Takeaways

• 📊 The 50-day moving average price of gold is significantly higher than the 200-day average, indicating a bull market for gold.
• 📈 Gold's performance has been strong since its low in 2015, increasing for nine consecutive years and outperforming the S&P 500 in that period.
• 🌐 The speaker emphasizes focusing on long-term trends rather than short-term volatility in gold and silver prices.
• 📉 Despite recent market highs, there is a suggestion that the stock market may be losing steam, with insiders selling their shares, indicating a potential downturn.
• 🏆 The speaker recommends having a minimum of 5 ounces of gold and 200 ounces of silver as a stacking target to protect against economic uncertainties.
• 💰 The stacking target is said to cover approximately 3.3 months of average American expenses, maintaining its relevance despite inflation.
• 🤔 The speaker questions the current trend of outflows from precious metals ETFs in 2024, suggesting retail investors may be missing an opportunity.
• 📊 The speaker discusses the importance of moving averages and how they can be used to understand market trends in gold and silver.
• 💼 There is a warning about the potential risks of investing in ETFs like GLD and SLV, particularly in the context of a financial system collapse.
• 🏠 The speaker shares personal investment strategies, including using profits from other investments to buy physical gold and silver.
• 👋 The speaker announces an upcoming transition to full-time YouTube content creation and thanks the audience for their support.

Q & A

What is the main topic of the 'Bald Guy Money' video?

The main topic of the video is the discussion of gold and silver as investment options, focusing on the bullish fundamentals and long-term performance, and not being distracted by short-term volatility.

What does the 50-day moving average price of gold being higher than the 200-day moving average price typically indicate?

This typically indicates that the market is in a bull market, as it suggests that the short-term average price is higher than the long-term average, which is a bullish signal.

How has the average closing price for gold performed since its bottom in 2015?

Since its bottom in 2015, the average closing price for gold has increased for nine consecutive years, being up by 90% over that 9-year period.

What is the comparison made between the performance of gold and the S&P 500 over the same 9-year period?

The comparison shows that gold has increased by 90% over the 9-year period, while the S&P 500 has increased by 148%, indicating that gold has performed well even in a risk-on environment.

What is the viewer advised to focus on instead of day-to-day price movements of gold and silver?

The viewer is advised to focus on the big picture and long-term fundamentals, as these are more indicative of the true value and potential of gold and silver as investments.

What is the significance of the outflows from precious metals ETFs in 2024 mentioned in the video?

The outflows indicate that regular retail investors are currently not confident in gold and silver, believing they are at the top and selling out, which the speaker suggests is a misunderstanding of the opportunity these metals present.

What does the speaker suggest about the behavior of insiders at major companies and investment firms?

The speaker suggests that the behavior of insiders, such as selling their stocks, indicates that the stock market may be running out of steam and could be nearing a downturn.

What is the speaker's recommendation for a minimum stacking target of gold and silver?

The speaker recommends a minimum stacking target of five ounces of gold and 200 ounces of silver as a way to protect oneself from economic and systemic uncertainties.

How does the speaker address the potential downside of investing in gold and silver ETFs like GLD and SLV?

The speaker points out that while ETFs offer exposure to the price of gold and silver, they do not provide the same protection as physical metals in the event of a financial system collapse, as they are a paper claim to the metal's value in US dollars.

What is the speaker's stance on using other financial vehicles in addition to gold and silver?

The speaker is open to using other financial vehicles such as stocks, real estate, and even Bitcoin to improve one's financial situation, while also using profits from these investments to buy physical gold and silver as a form of preparation against financial system risks.