This Silver and Gold run-up is likely mostly paper, right?
People wont/cant actually take the risks and costs - of true self custody.
Way way easier to offload those risks/costs, including verification, to a trusted-other.
1 BTC of Silver is about 1000 troy ounces, which is about 31 kg
Human Maximalist:
"When the universe has crushed him man will still be nobler than that which kills him, because he knows that he is dying, and of its victory the universe knows nothing."
-Pascal
NYT
Quiet Part Out Loud
Geng Ngarmboonanant
Managing director at J.P. Morgan Asset Management. He served as a deputy chief of staff to Treasury Secretary Janet Yellen from 2023 to 2025. The views he expresses are his own.
Gold at 32 trillion total value: based on 220,000 metric tonnes of gold above ground, at a USD exchange rate of $4530
Historic average annual production of gold is 3000 metric tonnes per year. This will no doubt trend up if gold keeps riping.