RE: Silver and the COMEX18 Feb 2026 12:13
Yes to an extent, I think whilst maintaining liquidity in currency is useful, metals could be useful too.
Look at the Canadian truckers that were temporarily debanked from using banking services.
That is not to say the state might enforce ban on using metals too, and crypto can be absolutely ceased as well.
I think the us equities are being held up by tech companies but if china wasn't stopped by the us to buy the euv machine, the tech sector in US would have been pretty much over and by proxy SNP and NASDAQ.
Everyone says SNP has had good returns but what if in coming decades, just like nikkei it stagnates. US wanted similar deal like plaza accord with china, but they dance to their own tune.
Going forward, the tech sector, can't see why mini silicon valley can't pop up elsewhere in the world for more competitive pricing and the us equities not having as much overvaluation. wall street has had lots of money, but the main Street's quality of life has been going down since the late 90s, one main reason the wage growth hasn't really kept up with inflation especially in the UK and now they pretty much tax all the graduates out of uni.
Unsure if retail has been buying gold tbh, there might be some but mostly central banks outside of G7. Having said that gold at 5k and silver at above 60usd is still slightly frothy as the miners can mine these at much lower costs, especially silver which can be mined at negligible cost if you have zinc, copper and gold in the deposit. Over 100 gram considered good grades, that is triple digits but if the
Grades start to go down because all the good stuff are mined out, than we would have a lot more deficits for the future cycle in 10 years down the line.
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