economy
January 24, 2026
Meet The Man Who Bought $1 Billion In Physical Silver Before The Rally
"The whole world right now is a sophisticated game of musical chairs; the chairs are precious metals."
TL;DR
- Silver surged above $100 per ounce, and gold approached $5,000 per ounce.
- The dominant driver for precious metals is central bank demand, seen as a way to hedge against the dollar's declining influence.
- David Bateman, founder of Entrata, revealed a purchase of approximately $1 billion in precious metals over six months, including 1.5% of the annual global silver supply.
- Bateman's rationale includes the impending collapse of the global monetary system and credit bubble, US debt refinancing issues, and the belief that gold and silver are the only reliable assets.
- He views real estate, crypto, stocks, and bonds as likely to underperform precious metals.
- Bateman also stated that the banking system is designed to seize assets and that physical precious metals have no counterparty risk, unlike crypto which he calls a 'psyop'.
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