Honza Černý Profile picture
Aug 9 13 tweets 2 min read Read on X
1/
Yes, we’ve discussed this topic before -
but I believe it’s important to bring it up again, this time with details taken directly from Donald Trump’s Executive Order.

What’s written in black and white makes the picture even clearer — and more alarming. 🧵 Image
2/
🚨 The White House just signed an Executive Order to “Democratize” 401(k) investments.

Sounds nice, right?

Here’s what it really means and why it could turn millions of Americans’ retirement savings into a Wall Street casino.
3/
The EO opens the door for 401(k) retirement plans (used by over 90 million Americans) to invest in:
Private equity

Real estate & infrastructure projects

Commodities

Digital assets (including crypto)

“Lifetime income” products

💡 Commodities like gold and silver aren’t that hard to understand.

But why let a fund hold them for you with fees and paper claims - when you can own and manage them yourself?
4/
From the EO itself:

“Within 180 days… clarify duties… including appropriately calibrated safe harbors.”

Safe harbor = legal protection zone for fund managers.

If they meet a minimum set of rules, you can’t successfully sue them for a bad investment.
5/
Translation: the government gives them a legal umbrella to take your retirement money and put it into illiquid, complex, and often non-transparent investments without fearing lawsuits.
6/
💸 Once again: Privatize profits, socialize the losses.
401(k)s used to be safe.

Now it’s a casino with private equity, real estate schemes, and digital assets on the table.
And the house always wins - you don’t.
7/
Why is this risky?

Because these assets are:
Illiquid (you can’t sell when you need cash)
High-fee (private equity can eat 2–5% per year)

Complex (most retail investors don’t truly understand them)
8/
Remember: these “alternative assets” were always reserved for accredited investors who can afford to lose.

Now Main Street retirement accounts could be thrown into the same high-risk pool as hedge funds & venture capital.
9/
When these bets go bad, fund managers still collect their fees.

The only ones taking the hit will be the workers relying on these funds for retirement.
10/
🔐 So what now?
Stop relying on a broken system.
Protect yourself.
✅ Physical silver
✅ No third-party risk
✅ No counterparty risk
✅ You hold it — you own it
11/
For me, the answer is physical silver.
– Immune to bankruptcies
– No leverage like ETFs
– No bots playing games
– It’s real — I hold it in my hand

It’s my hedge against financial experiments — like this one.
12/
This executive order isn’t for you.
It’s a golden buffet for predators.

When it all crashes, they’ll say:
“Nobody could have seen it coming.”
But YOU knew.
That’s why YOU hold silver.
13/
Be smart.
Not everything “modern” is good for you.

Sometimes the biggest act of rebellion is to own something real.

🎯 That’s why silver.
#Silver #401k #Trump #Retirement #Investing #Gold #WallStreet

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More from @honzacern1

Aug 9
1/
📈 The top 10% largest US stocks now make up a record 76% of the entire US equity market.

That’s more concentrated than:
– The Dot-Com Bubble (73%)
– The 1930s Great Depression (75%)

We are in uncharted territory. 🧵 Image
2/
When market power is this concentrated, you don’t have a “broad” market anymore — just a handful of giants pulling the entire index.

If they fall, everything falls.
3/
Now combine that with this:
📊 Buffett Indicator (Market Cap-to-GDP) = 210%
That’s “Significantly Overvalued” territory.
Even Buffett himself says over 200% is a danger zone.
Read 7 tweets
Aug 8
🧵1/
💥 Is LBMA in trouble?

The U.S. is now shortening the gold supply chain.
Instead of London → Switzerland → New York,
the goal is to bring it all home.
Lower costs, more control...

…and another nail in London’s coffin.👇 Image
2/
Gold destined for COMEX typically flows through:
🇬🇧 LBMA (pricing) →
🇨🇭 Switzerland (refining) →
🇺🇸 New York (delivery)
This setup made sense decades ago.
Today? It's overly complex, expensive, and slow.
3/
China runs a tight, efficient system:
SGE (spot) + SHFE (futures) – both in one country.
Directly connected to refiners and banks.

The West? Still dependent on London & Swiss refiners.

The U.S. just said: "No more."
Read 10 tweets
Aug 8
🧵1/

🚨 UBS just dropped a warning:
U.S. tariffs on large gold bars (1 kg & 100 oz) could spark serious funding stress in global bullion markets.

Let’s unpack what’s happening - and why this might ALSO shake the silver market. 👇 Image
2/
The U.S. just slapped tariffs on large gold bars — the same bars used in wholesale markets and in "EFP" trades.

What’s EFP?

🔄 Exchange for Physical: a swap between futures and physical metal (and vice versa).
Standard practice in global bullion trade.
3/
Traders often run “short EFP” positions:
– Sell futures contracts
– Commit to deliver physical gold later (often in London)

But now, tariffs make that delivery into the U.S. more expensive. 💰

Many traders may unwind these short EFPs instead.
Read 10 tweets
Aug 7
🧵 1/
What if the U.S. revalues its gold reserves -
and prints new money based on that difference?
And what if they do it without ever proving the gold is really there?
Sounds insane?
Hold on -because it could still raise the price of gold. Image
2/
Official U.S. gold holdings:
🔸 261.5 million ounces - according to official U.S. Treasury data, the U.S. holds 261.5 million ounces of gold.The last audit took place in the 1950s.

🔸 Book value: $42.22/oz
🔸 Market price: $3,435/oz

The difference = nearly $888 billion.

And the government wants to push that into the budget
just by changing the number on paper.
3/
But what if the gold isn’t even there?
No audit.
No proof.
No bar lists.
Just “trust us.”

Opening a vault ≠ an independent audit.
Without bar lists and weight certificates, it's just PR.

And yet… even that could mean:
➡️ new money
➡️ fresh stimulus
➡️ and ironically... a higher gold price.
Read 11 tweets
Aug 5
🧵1/

Everyone’s watching #silver prices.
But the real story? It’s happening deep inside the copper market.

And if you’re not paying attention — you’ll miss the next silver squeeze.

Let me show you why 👇 Image
2/
📉 Spot treatment charges for copper concentrate have started rising again after months of declines.

It’s a signal: smelters are finally cutting back production due to ore shortages.

For the first time in months, reality is setting in.
3/
📦 Stockpiles of copper concentrate at Chinese ports have dropped to just over 560,000 tons - the lowest level this year.

Some smelters are already reducing output.
More are expected to shut down for maintenance in September.
Read 11 tweets
Aug 4
🧵 Thread: Global Silver Production Is in Structural Decline

What happens when demand explodes... and supply quietly slips away?

Let’s break down the numbers. ⛏️
#SilverSqueeze #Silver Image
1/
The world’s #1 silver producer, Mexico, is showing a clear decline.

Production from Jan–May 2022 to Jan–May 2025:

📉 2,814 → 2,196 metric tons
That’s a 22% drop in just 3 years.
(Source: INEGI via SRSrocco Report)
2/
🇵🇪 Peru, the second-largest silver producer, isn’t doing much better:

2023: 3,200 tons
2024: 3,100 tons
Flat at best.
(Source: CEIC Data)
Read 11 tweets

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