I like serial numbered silver and gold bars because it’s better for tracking and documentation purposes.

This particular bar was purchased in September 2022, in a box of 15 for $660 each to go into the personal vault. An undisclosed number of these kilo bar boxes have been purchased since. I have been an OCD silver hoarder..

Today, at spot, the same bar is valued at $1,310.

Because of the increase in the silver price I have too much dead money sitting in my personal possession, and causing my floors to sag under the weight. So, with the help of my accountant at PWC Japan, I created a collateralized loan agreement with a Japanese bank, they arranged a truck to come and pick up the collateral, and credit my account with some Yenjamins at a VERY low rate of interest.

I don’t actually know what I’m going to do with the cash beyond parking it in a brokerage account earning ~4%.

I did have the option of leasing out the metal to be paid interest in silver, but A) I already have a silver lease/bond, and B) I figure I can make a better return doing something else, even if I don’t know what that is right now. Either way, in two years I expect the price of silver to be A LOT higher and don’t plan on ever having to sell the metal to pay back the principal.

We shall see what happens