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 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 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.
January 23, 2026 • Addison Wiggin
The Bank of Japan’s holdings of its own government’s bonds are now near a 10-year low.
The yen carry trade has been a constant in global finance for 3 decades. Currently, the unwind is throwing the Japanese government into a crisis of historic proportions.
Americans take note. Not only are Japanese bonds undermining the AI rally on Wall Street. The crisis is a cautionary tale for the U.S. efforts to finance its own historic debt load.
January 22, 2026 • Addison Wiggin
The dollar’s share of global reserves is now roughly 40%, down from 60% in 2016. No other fiat currency filled the gap. Gold did.
That is the only fact you need to understand the long-term arc.
After the West demonstrated it could seize reserves, “safe” became a new word. Gold has no counterparty. It cannot be frozen with an executive order. It does not require permission to settle.
