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https://www.zerohedge.com/commodities/congrats-everyone-meet-man-who-bought-1billion-physical-silver-rally

I wonder where he stores it? His reasons:

• The global monetary system is about to collapse (The Great Reset, or Basel Endgame).
• The biggest credit bubble in history will soon pop ($300T).
• There is no way the US can refinance its $28T in maturing treasuries in the next 4 years without an obscene amount of printing.
• Trump tariffs are hastening the collapse, and it’s by design.
• Gold and silver are the only meaningful life raft. Physical possession is everything.
• The whole world right now is a sophisticated game of musical chairs; the chairs are precious metals.
• Crypto is a psyop. Those who purchase will have no chair when the music stops.
• Real estate, crypto, stocks and bonds will all lose significantly compared to precious metals.

The banking system has been meticulously designed to seize your assets to buoy up a collapsing banking sector (see The Great Taking). You have ZERO counter party risk with precious metals.

Are you a lurker here David?

Or aluminium, beans, OJ futures etc. as they are constantly being used, the supply and demand is based upon consumption. Nobody stores high volumes of these things because they either deteriorate or the prices can drop – you might hang on to copper a few months, or years even, but it takes up a lot of space and eventually it’ll peak and fall.

Gold and silver are both consumed, gold only in small quantities, and we know that we’re holding them because they have been the go-to for financial soundness for five millenia or so. Which means that for them to continue to rise there must be continued increase in interest of their monetary characteristics.

There are about six billion ounces of gold above ground in the form of bullion, coins and jewellery. That’s less than one ounce per person worldwide. Even if you took America by itself that’s only 18 ounces per person. Silver is worse, only about 4 billion ounces or 12 ounces per American. Therefore I can’t see either of them ever becoming a unit of currency again, there just isn’t enough for America let alone the ROW. Value gold at $20,000 per ounce, each gram is $654, a loaf of bread is 0.00025 oz; one thousandth of a quarter of an ounce. Give silver a 100:1 ratio even, and a loaf is 0.025, one tenth of a quarter of an ounce. A silver nickel contained double that, so every American could have 480 nickels and 18 eagles if the USA gets all the gold and silver and converts it to coinage.

Obviously that’s not going to happen. The plan must be to back a paper or digital currency by gold to give the impression of stability. So the price stops moving when the US, or China, set the price. M3 is about 21tn, so with 8144 tons of gold reserves in the US, 261,000,000 ounces or $81,500 per ounce. Who knows? But I think that if there is a plan to back currency by gold and/or silver, it’s got a way to run yet.