My shit sank in a boating accident wtf you talking about?

Sure, it's easy to think I should have sold 30 Jan at USD 121 and buy back now at 55, but I don't pretend to time the market. I legitimately thought Ag would be over 200 this year (and I still think that is undervalued and would struggle to part with it).

The balloons last year were great fun. Hopefully they return soon (above 121), but still happy regardless.

Cue ' I'm not leaving Wolf of Wall Street gif ha' For better or for worse.

KEEP STACKING

Peru and Mexico both mined less silver than a year earlier, and Mexico was the one expected to grow, so the supply case that silver holders rely on just got a little firmer.

https://www.kitco.com/opinion/2026-10-15/silver-output-mexicos-san-dimas-mine-fell-41-and-now-it-has-stopped

This is based on 702 tracked silver products from APMEX updated 5-6pm CST. To see an explanation on how this information is retrieved refer to the 'How we compile the daily silver stock trends' section on the BullionStats.net site. There you can find data going back as far as 11/15/25 on inventory or silver premium trends

Total oz purchased since tracking started 11/15/25: 5,925,671.88

Total in-stock oz tracked: 628,733.95

Tracked oz added (24h): 17,994.5
Tracked oz removed (24h): 14,020.37

Number restocked since OOS: 1
Number now out of stock: 4

Top 15 cumulative oz sold for tracked products:
1. 2,951 oz: 1 oz Silver Round - Secondary Market
2. 1,431 oz: 1 oz Silver Round - Morgan Dollar Design
3. 1,239 oz: 1 oz American Silver Eagle (Cull, Damaged, etc.)
4. 1,055 oz: Great Britain 1 oz Silver Britannia BU (Random Year)
5. 750 oz: 5 oz Silver Bar - Ben Franklin $100 Bill Design
6. 690 oz: 10 oz Silver Bar - 2026 APMEX Year of the Horse (Series 2)
7. 601.04 oz: 90% Silver Franklin Halves $10 20-Coin Roll Avg Circ
8. 546.55 oz: 1 kilo Silver Bar - Secondary Market
9. 505 oz: 2024 Mexico 5 oz Silver Libertad BU
10. 410 oz: 10 oz Silver Bar - Secondary Market
11. 310 oz: 10 oz Silver Bar - APMEX
12. 257.59 oz: 90% Silver Washington Quarters 40-Coin Roll Avg Circ
13. 225.05 oz: 1 kilo Silver Bar - APMEX (Stackable)
14. 225 oz: 5 oz Silver Bar - APMEX
15. 169 oz: 2026 1 oz American Silver Eagle Coin BU

“Central banks buy gold” is routinely presented as a reason we should buy it. But why should their priorities automatically become ours?

Gold has legitimate industrial uses, including electronics and aerospace. Its historical monetary status, however, developed long before those applications. Its value cannot be explained by industrial necessity alone.

Its geological rarity is real, but underground rarity is only part of the supply picture. The World Gold Council estimates that almost all the gold ever mined still exists in some form. Any scarcity argument should account for that accumulated stock and the conditions under which its owners would sell.

Gold’s physical properties also allow industry to use extremely thin wires and coatings. That helps manufacturers economize on an expensive material. Recycling exists, and gold's high price incentivizes its recovery.

Silver raises a different question: what happens when monetary ownership competes with industrial demand for the same material?

In 1965, President Johnson publicly acknowledged that silver demand was outrunning new production and that continued silver coinage would exhaust Treasury stocks. He also explained that Treasury sales at $1.29 an ounce were intended to prevent the metal’s price from making existing coins profitable to hoard or melt.

Treasury’s own subsequent account says that, in May 1967, it restricted silver sales to domestic industrial users, requiring purchasers to certify manufacturing use. Government policy was explicitly deciding who could access public silver stocks at the controlled price.

Then, in 2002, Congress acknowledged depletion of the defense stockpile’s silver reserves and authorized purchases from other sources to continue the American Eagle silver bullion program. That deserves scrutiny as a decision about public resources and strategic priorities.

This history is why I question treating gold and silver as interchangeable expressions of financial independence.

I understand the argument that privately held gold can protect someone’s savings. But personal protection and changing the distribution of economic power are different goals. Buying gold does not automatically accomplish both.

So here is the discussion:

What makes gold the better use of an ordinary person’s limited resources?