Investor Accumulates 1.5% of Global Silver Supply Amid Monetary Collapse Fears
A single investor has taken control of 1.5% of the world's annual silver supply, accumulating 12.69 million ounces since October 2024. The MOVE comes as precious metals rally, with silver breaking $101 and gold effectively priced at $5,000. The investor, identified only as David, cited an impending collapse of the global monetary system as his motivation.
David's X post outlined his rationale: "The global monetary system is about to collapse. The biggest credit bubble in history will soon pop." He pointed to $28 trillion in maturing U.S. Treasuries over the next four years, predicting "an obscene amount" of dollar printing as the only solution. The investor dismissed cryptocurrencies as a "psyop" while championing physical possession of precious metals as the only viable life raft.
The metals rally coincided with the U.S. equity cash open, sparking what market observers describe as a full-blown precious metals stampede. David's accumulation strategy notably avoided ETFs and leverage, focusing exclusively on raw metal.