$1 billion

[pmbug]

Here are the reasons I invested close to a billion dollars in precious metals over the past six months—including the purchase of 1.5% of the annual global silver supply (12.69 million ounces) :

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.

I’m up 20% already, on most of my purchases.

This is not a drill. Your grandkids someday will either muse or lament this financial decision you’re now faced with. Don’t fail them.

Not financial advice. For educational purposes only

 

[Viking]

Not disagreeing with his logic, but something doesn't strike me right about this. That much wealth and being so vocal about what he is doing with it and why.

 

[pmbug]

His X account was started in 2008. If the account is a hoax, he's played a really long game.

 

[nickndfl]

Platinum got 1% hooray!

 

[Voodoo]

Man back to the Poor house for me...

 

[pmbug]

I'm not sure that there are many whales globally holding more gold and silver than him at this point. Maybe some shieks in the middle east. But that's a serious commitment to the metals.

 

[WinkWink]

 

[Goldhedge]

Time will tell.