Gold Silver Is There An Unofficial Price Cap That Suggests You Should Sell

January was a preview of what's to come at some point and we don't know exactly when that moment is going to happen. The U.S. Treasury's ability to assert control over the financial system will be completely gone. Hello everyone, welcome to Bald Guy Money and the first half of the year is officially behind us with gold currently down about 5% on the year and silver having a rougher go of things down about 18% in 2026. And to start this one off, I want to say that I understand why people are frustrated by this, especially considering the fact that gold is now down 26% versus the January high and silver is 51% below the January high. These are facts that can be particularly painful, especially for those who are new to gold and That said, I find it curious that as conditioned as we are to buy major pullbacks in the stock market, that people run away from it when it happens for metals and in the very middle of a major bull market, no less, where gold and silver are up 100% and 152% respectively since the start of 2024, while the S&P 500, which is still near its all-time highs right now, is only up about 64% over that same period of time with dividends included. And although it may have something to do with the long periods of time that stackers and metals investors have had to often wait to see price recover after major pullbacks, the fact of the matter is when we zoom out, we can clearly see those correction periods are being squeezed into shorter and shorter windows. Now considering how volatile the first half of 2026 has been, I have regularly met with two points of view when it comes to how people are approaching the second half of 2026 and what comes after that, with the first approach being that if the U.S. government has a reason to manipulate metals and keep them down to support the U.S. dollar, then maybe it's time to walk away from gold and silver altogether with others like Gizengar111 thinking that maybe it's a sign to get out of the paper market altogether, sell his 401k as he says here, and completely move into metals before a financial reset happens. So in this video, I want to cover both topics which have been inspired by your comments and your questions which I take out of the comment sections of my videos by first covering the topic of manipulation and if it's so strong, if we should consider getting out of metals completely and once that's covered, I will tell you exactly what I think about stocks and if I would do a repeat of what I did between 2023 and 2024 by selling stocks which are arguably overvalued and run to metals completely which have already had their crash so watch to the end for that because this is going to be a good video. Now before we get started, for those of you who are gold and silver buyers, maybe you're trying to bulk up during the summer doldrums or maybe you're trying to get your average price down because you went a bit crazy back in January, please remember that Summit Metals is an A-plus rated dealer by the Better Business Bureau. Their prices are fantastic, their products are authentic, and their customer service is first class and when it comes to what I recommend, please consider these products on the screen, especially the silver maples at less than $63 a piece. And although I obviously prefer to own physical metals, please remember that if you want to store some of your metals in a secure vault, that Summit Metals is offering three months of free vaulting services on physical metals, segregated and stored in your name, and this is a great option for European viewers who want to buy at Summit prices and legally avoid VAT, especially on silver, and if you want more details on this, I will leave the link to this in the video description below. So jumping in, a couple weeks ago I talked about US Treasury Secretary Scott Besson's history with George Soros and the key role he played in Soros' attack on the British pound that led to Black Wednesday in 1992 where the Bank of England was so overwhelmed by short selling of the British pound that they had to intervene to try to save the pound, costing British taxpayers nearly $6 billion US dollars while Soros himself pocketed a profit estimated to be between $1 to $2 billion off of his short position on the pound, and I'll leave some links about this story in the video description below. But what I said two weeks ago is that it's not impossible, in fact I think it's quite likely, that on the eve of a major breakdown for the US dollar relative to other currencies which took place in the last week of January of this year, that Scott Besson, using what he knows from his experience working with George Soros in his attack on the British pound, intervened in the financial markets with some help from his banker friends who are counting on deregulation to save the dollar from a deeper breakdown and smash gold and silver to discourage further flight out of the US dollar and encourage investors to position themselves in US bonds and treasuries as an alternative. Because as I said in that video two weeks ago, Scott Besson has $10 trillion dollars in US debt to sell in 2026, $8 trillion of that being debt refinancing with $2 trillion of that being new debt, and $11 trillion dollars of debt to sell in 2027, and major outflows of cash from US bonds into gold and silver would make that extremely difficult to accomplish so this attack would have been necessary and so far, as I said in that video two weeks ago, it seems to be working. And before we carry on, I want to remind everyone that it wasn't the fact that metals pulled back that made all of this suspicious. Of course, metals weren't going to continue up in a straight line forever. They had run up a lot already by that point. And I even warned about a pullback in my Sunday video before it happened, you can go and rewatch that video to keep me honest. But what I want to say here is that it was the immediate depth of the pullback that was suspicious to me. The fact that it started during US trading hours as well as the fact that it was accompanied by the unexpected announcement of Kevin Warsh as Jerome Powell's replacement at the Federal Reserve and a media blitz suggesting that he was going to be tough on inflation, reduce the Fed's balance sheet, and potentially raise interest rates even though the man who gave him the job wanted to fire Jerome Powell because he wasn't lowering interest rates fast enough. So the pivot in narrative as well as prices for precious metals was very suspicious. And I can imagine that some of you out there don't agree with me on this point and that's completely fine but for those of you who do, armed with this knowledge, if you believe the United States government or in this case the US Treasury Secretary Scott Besant has the ability to keep metals prices down just like he's been accused by some of keeping oil prices artificially down during the war against Iran by intervening in the futures market for oil, does it still make sense to own gold and silver or is it time to sell it all? Well although it's too early to say that Kevin Warsh is allowing the Fed balance sheet which measures the amount of fake money the Fed has created and pumped into the financial system to grow despite saying he wanted to shrink it, it has made a new 52 week high since he took over at the Fed. And although that's a trend we need to keep our eyes on, it's really nothing in comparison to the alarming trend of US federal government spending growth and that's what you can see on the screen right now showing how in 2026 the US government is reaching C19 levels of spending representing a 70% increase from late 2019 despite the absence of what we were told was an emergency and if anything this tells me the debasement trade which is a bet on the falling value of fiat currencies like the US dollar and others is still alive and well even if manipulation of metals prices is possible. And it's why central banks which were the key driver moving gold from $2,000 an ounce up to $4,000 an ounce have become net buyers of gold once again after some war related selling pressure in the early days of the war with Iran with China now accelerating their purchases of gold accumulating 15 metric tons in the month of June which is a 12x increase versus what they purchased in January of this year with others like Poland also increasing their exposure to gold. And what this buying represents is a bolstering of the fundamental long term bull case for gold and silver which will follow gold while at the same time limiting further downside in a market where sentiment for metals is already very weak and sellers are being exhausted. Which is why my pullback targets which we have admittedly come a bit below I'm not trying to dodge that fact haven't been as low as Christopher Mullen's pullback targets or Gareth Soloway's pullback targets who both have gold coming back to around $3,500 an ounce and silver coming all the way back to $50 an ounce and who ends up being right on that remains to be seen but let me say this where Chris Gareth and I all agree is that gold and silver are going much higher once this pullback is over we all agree on that and it's why you'll never hear me call them morons or clowns because I don't think they are and some of you have misinterpreted my disagreeing with them in past videos as just that so I want to set the record straight and the reason I am so passionate and insistent that you don't wait for those prices is because in 2025 leading into the major breakout many people missed out on buying because they were waiting for the perfect price to get in and it's why I say buy on a schedule and buy heavy on the pullbacks and buy lighter on the price pumps this way it takes out the guesswork on pricing and it also protects you from unexpected issues that may cause massive increases in the prices of gold and silver like bank failures which caused metals to rise in early 2023 for those of you who remember and guarantees you will participate in the coming new highs for metals which I still have pegged at $7,500 an ounce for gold and nearly $200 an ounce for silver which I still expect to hit at some point around mid-2028 which in the case of gold and in the typical bald guy style I suppose is a much more conservative upside target than what I've heard both Chris and Gareth talking about as I think they're looking for $10,000 gold around that same time period. Now another reason I remain so bullish on both gold and silver which again are both still up more than 100% since the beginning of 2024 so maybe think twice before calling me a moron and a clown because I was positioned well before the move up anyhow the reason I remain so bullish and convinced that we are still really in the middle of a broader bull market for gold and silver is because we haven't seen a significant correction in the stock market yet which has historically acted as the catalyst for the final move up in a metals bull cycle and this fact has got some people asking if they should sell their 401ks and liquidate all of their stocks similarly to what I did in 2023 and 2024 when I moved my tech positions into metals and mining stocks which I covered in two videos the last one being this video here in May 2024 and the short answer to that question is no I have never advocated getting out of 401ks or selling off your retirement stock portfolio to go all in on gold and silver I have even made videos debunking stories talking about gold revaluation even the great taking really proving that I'm willing to go against what I think my audience wants to hear to deliver a truthful message here on the channel but with American stocks at all-time highs valuations especially in the tech sector that make little to no sense at all and the Buffett indicator which you can see on the screen now showing that the US stock market is more overvalued today than it was during the dot-com bubble of 2000 I do think it's time to take some money off the table and if you're a schedule buyer which is the method that I advocate for dollar cost averaging of course meaning you allocate a certain amount of money to different investments including gold and silver and stocks and cash savings each month then I would consider increasing that allocation right now to metals and even to mining stocks to benefit from the pullback that we've just experienced and decrease the allocation to mainstream tech stocks especially since the pullback risk is much higher than the upside reward at this point and as a reminder for those of you who have struggled to balance your portfolios correctly maybe you don't even really know how your portfolio is balanced at all please download remember I'm giving away this free portfolio analysis tool I'll leave the link to it in the video description and pinned comment below the file is completely private it runs in Excel on your own personal computer all you have to do is go through the questionnaire fill out the gray cells in the Excel file with your monthly income data your monthly expenses you add your assets as well as your liabilities like any debt you may have and the file gives you a complete breakdown of your financial fitness and portfolio structure this is what the output looks like and for anyone who has already downloaded this and filled it out I would love to hear your comments and feedback in the comments section as to whether it was useful or not but this is my gift to all of you for free to help you understand where you are while encouraging you all to set goals for where you want to be and let me add that hard assets like gold silver and even land should absolutely be a part of that because when there are issues in the bond market and trust in fiat currencies is shaky like it is today a downturn in the stock market can lead to massive gains for precious metals they're not always correlated like people think and have become conditioned to think they are they don't always crash together at first and we saw that in March 2025 when the S&P 500 had its worst month of the last three years while gold put in its third best month of the last three years at the same time this is what we saw in the 1970s and whether or not gold finally hits some of those deeper pullback targets from the more bearish analysts out there like Gareth or Christopher Mullen the fact is that for gold and silver the worst is already behind us and although the best time to get your portfolio fit and add metals to it was probably in 2022 and 2023 before the big move up happened when I was making videos about it warning people that it was going to happen and that it was imminent the second best time to start is right now and on a schedule using money you can afford to allocate to metals for a longer period of time and this is a lesson that people in other developed countries with failing currencies like Turkey where gold is still up 2.6% on the year already understand very well owning gold and silver is long-term insurance it's not a trading strategy because from where I'm sitting January was a preview of what's to come at some point and we don't know exactly when that moment is going to happen the US Treasury's ability to assert control over the financial system will be completely gone especially as central banks marginalized the dollar over the next 10 to 20 years by stacking gold as a replacement to their US dollar reserves and what seems like the end of the world today and a manipulative cap on precious metals prices which is a narrative that goes back to even before 2000 which is where this chart begins could likely end up being another 1300% gain or even higher protecting you and a portion of your wealth that you choose to store in precious metals for a better retirement which is what I want you all to have as in my opinion there is an expiration date on programs like Social Security and other national pension programs around the world so with that said that's it for this video thank you very much for making it to the end if you enjoyed this content please remember to leave a like below that lets the algorithm know that more people need to hear this message and if you have any questions for me that you would like to see appear in a future video leave them in the comment section now I pick at least one to appear in every video I do so with that said I want to wish you all a fantastic week ahead please remember to take care of yourselves and take care of each other see you all next week goodbye