patrick.net

Patrick says

Central banks and large bullion dealers typically hold “Good Delivery” gold bars, most commonly around 400 troy ounces (about 12.4–12.5 kg / 27.3–27.5 lb).

True, but that standard size is about 7 inches log. That bar looks much larger than that, unless Putin has really small hands.

I read that the standard bars are sometimes 10 inches long, but same weight.

Price of silver bouncing around $67 per ounce.

New high: $69.50

The US Dollar has fallen to $70 per ounce of silver.

Some of the rally is due to stockpiling given silver is used quite a bit in solar panels and electronics, and a lot in a Tomahawk cruise missile.

But also some of it is due to a speculative bubble forming this year. That is why I don’t expect a large crash but some correction in silver and gold prices. Like every other asset class, it should return to the mean.

The Compound Annual Growth Rate (CAGR) for the price of silver from the end of 2021 to December 2025 is approximately 31.2%.

The compound annual growth rate (CAGR) for US inflation from 2021 to present day (December 2025) is approximately 4.57%. The cumulative price increase over this four-year period was 19.56%.

The compound annual growth rate (CAGR) for silver from December 1970 to December 2025 is approximately 7.29%.

The Compound Annual Growth Rate (CAGR) for U.S. inflation from 1970 to late 2025 is around 4%.