Personal Finance: The Three Stacks

Authored by GoldFix

Good Evening. The following is an extemporaneous recording of metals stacking ideas recorded this morning for people with decisions to make. Before that, It makes ense to cover where the markets reopened Sunday night

Markets reopened at 6 p.m. Gold came out of the gate flat, then surged nearly $60. Silver gapped higher and has not looked back. Platinum also opened higher. Even copper is up about one percent.

 

If you are looking for a reason, the reason is simple: It is their time to move. That may sound glib, but it fits the moment. Perhaps the weekend catalyst, alongside rising geopolitical tension, was the statement on rare earths and critical minerals released in a video late this week.

" The US has neglected mining for decades; it takes 29 years to build a mine due to permitting. Under President Trump, we're changing that. We're doing 4 things: 1) Investing billions in projects like with MP Materials, Lithium Americas. 2) Stockpiling minerals with $2B from Congress. 3) Protecting from overproduction/dumping. 4) Fixing permitting to under 1 month for critical projects. Minerals are key to re-industrializing."

Regardless, the metals are higher.

 

The rebalancing week that many feared in silver and gold is now behind us, and we will never truly know whether it mattered at all.

 

For now, let us turn to what Michael Oliver has to say in his summary of tonight’s report. At this stage, Michael is doing what he has consistently done: reiterating his framework, tamping down fears, and reminding viewers that volatility is not the same thing as market weakness.

 

And finally, he makes the case that, from a big-picture perspective, we are still early in this move.

Enjoy. Talk to you later.

“You gotta be on the right side of being wrong”

1. Why Allocation Matters in Physical Metals (00:00–01:00)

• Gold vs silver purpose

• Financial logic applied to stacking

• Personal framework

2. The Three-Tranche Wealth Model (01:00–03:30)

• Untouchable store of value

• Income and savings pool

• Speculative capital

3. Portable Wealth Through History (01:50–03:30)

• War, revolution, flight

• Gold vs diamonds

• Portability over appearance

4. Tranche One: Permanent Store of Value (03:30–06:40)

• Never touched

• Gold bars and sovereign coins

• Portability priority

5. Tranche Two: Growing and Emergency Stack (06:40–10:50)

• Gold and heavy silver

• Liquidity role

• Silver as transactional metal

6. Gold vs Silver Functional Roles (09:55–10:45)

• Gold = store of value

• Silver = usable currency

• Conversion strategy

7. Tranche Three: Speculation (10:50–12:55)

• Collectible coins

• Futures and derivatives

• Liquidity requirement

8. Why Physical Speculation Is Flawed (13:00–13:40)

• Illiquidity problem

• Pricing inefficiency

• Personal preference

9. Coin Preferences and Market Biases (13:40–15:30)

• Eagles, Maples

• Krugerrands stigma

• British VAT impact

10. Bars, Vintage Silver, and Nickels (15:30–16:25)

• Engelhard bars

• Nickels as optional hedge

• Reclassification logic

11. Personal Allocation Example (16:25–17:30)

• 2,500 oz silver middle tranche

• Gold for inheritance

• Family contingency planning

12. Contextual Allocation Philosophy (17:30–18:20)

• House vs metals

• Mobility vs permanence

• Balance across assets

13. Dealers and Premium Discipline (18:20–18:55)

• Trust over branding

• Transparent premiums

• Delivery reliability

14. Closing Market Commentary (18:55–19:55)

Continues here