The Grey Swan Investment Fraternity now has members in over 28 countries! That’s not including members of our investor’s network, who also reach into countries such as Russia and China.
Thank you for being a member of our fraternity, and for helping expand the map. We look forward to updating it further!
Grey Swan Investment Fraternity member map as of 12/10/2024
January 27, 2026 • Addison Wiggin
The S&P 500 may be sitting near a record 7,000. But relative to gold, it’s been in decline.
Over the past three years, the market is up 45%, but gold is up 180%. Today the ratio of the S&P to gold is down to 1.39.
January 26, 2026 • Addison Wiggin
Silver is now up 54% year-to, err, month-to-date. And up over 280% since the start of 2025.
While we don’t know how much further upside is left, prior parabolic moves like these tend to lead to big pullbacks when they end.
“If you’re tempted to take a screenshot of your portfolio, it’s a good idea to take some profits while you’re doing that,” suggests our Portfolio Director, Andrew Packer.
We’d do so to grab some of those silver profits, simply because even though we started dollar-cost-averaging (DCA) into gold and silver in 2018 – silver was $16.47 – no assets can go parabolic, like silver has, indefinitely.
January 26, 2026 • Addison Wiggin
Gold and silver are making new highs. Gold knocked on the door of $5,100 in overnight trading in Shanghai this morning. Silver, not to be outdone, is driving resource traders wild, cracking $116 up 15% today alone.
A year ago, one bitcoin bought roughly 40 ounces of gold. Today it buys 18.
Bitcoin was marketed as digital gold. Instead, Wall Street wrapped it in ETFs, margin accounts, and structured products.
January 23, 2026 • Addison Wiggin
We’ve entered a new territory on Wall Street: for the first time in recorded history, zero strategists are predicting a down year.
Not “most are bullish.”
Not “nearly all expect gains.”
Zero bearish calls for 2026.
Unanimity so complete it resembles a vote in a collapsing authoritarian state.
