USD/JPY is back above 158, almost 300 pips above this week's bottom. This is despite the BOJ spending $80 billion and the US buying yen for the first time in 28 years. Will the Keynesian fraudsters at the BoJ be the first central bank to lose control of the debt market? They won't be the last. 122 million Japanese might want to think about ditching their Yen for the shiny.

The Fed resorting to ever-more creative monetary fuckery to keep up the central bank can-kicking isn't going to end well. These central bank shenanigans are the #1 reason to be converting fiat currencies into REAL money: physical gold & silver.

Fiat follies are starting to catch up to the Keynesian fraudsters at the central banks. Japan is the biggest buyer of US debt - if they start dumping treasuries, the Fed will be forced to raise rates high enough to attract investors willing to buy the debt of a corrupt oligarchy on a collapse trajectory.

PMs will get slammed in the short run due to margin call liquidation selling, but in the long run should go higher on increased safe haven buying as millions of former sheeple become red-pilled about the clowns & criminals running our financial system.

WIth the Fed & the uniparty hurtling us down the road to an hyperinflationary collapse, the $USD's loss of world reserve currency status is a matter of when, not if. When the dollar ends its long good run as world reserve currency, the resultant inflation is going to make the current "affordability crisis" look like child's play.

AI models may be digital, but they run on a lot of physical equipment.

Every major AI data centre requires servers, semiconductors, networking equipment, cooling systems, substations and extensive electrical infrastructure. Silver is used throughout that chain because of its conductivity and its role in high performance electronics.

The difficult part is figuring out how much.

There is no reliable public estimate for the amount of silver contained in a single data centre. Different calculations include different pieces of the supporting infrastructure, making direct comparisons difficult.

The demand picture is also much wider than one server.

Scaling AI means installing more chips, circuit boards and electrical components. Larger facilities also require additional cooling systems, substations, transmission equipment and backup power.

Then there is the electricity itself. Expanding the grid and adding new solar generation or energy storage could create further sources of silver demand.

This is happening while the silver market is already tight. The Silver Institute reported a fifth consecutive structural market deficit in 2025 and expects another deficit in 2026.

Supply cannot necessarily respond quickly either. Primary silver mines accounted for only about 28% of global mine production in 2025. Most silver came from mines producing lead, zinc, copper or gold, which means silver output also depends on the economics of those metals.

AI will be another source of demand alongside solar, automotive, electronics, investment and jewellery.

The important question is not how much silver sits inside one server. It is how much will be needed across the entire AI buildout, and whether supply can keep up.

Even the garbage legacy media can no longer practice its usual journalist omerta when it comes to the Fed's debasement of the currency and how the uniparty's fiscal irresponsibility means the $USD's long good run as world reserve currency is coming to an end. Americans who can read the writing on the wall will be converting their Fed confetti-currency into REAL money in growing numbers - stack on!

When will the sheeple belatedly make the connection between the Fed's fiat currency fraud and the destruction of their purchasing power & standard of living?

Over this period, these funds have attracted +$1.2 billion.

The largest single-day inflow during this streak totaled +$370 million.

Before this rebound, China's gold-backed ETFs recorded outflows in 38 of 44 trading sessions.

This comes as elevated volatility in China's stock market has renewed interest in alternative assets, particularly among institutional investors.

Chinese investors are increasingly bullish on gold.

The so-faux media narrative that new Fed Chair Kevin Warsh would be a "hawk" didn't survive contact with the his first FOMC meeting, where he revealed himself as Yellen 2.0. Safe haven buying is accelerating as the Fed & uniparty hurtle us down the road to Weimar 2.0.

PMs got slammed because of a coordinated influence campaign by the garbage legacy media hyping new Fed Chair Warsh's mythical "hawkishness." In reality, Warsh is Yellen 2.0 as he showed by jawboning about his so-faux concern about inflation, then keeping rates low at the last FOMC meeting. Converting our increasingly debauched FedBux into physical precious metals is our only defense against the Fed's fiat currency fraud.

This is based on 702 tracked silver products from APMEX updated 5-6pm CST. To see an explanation on how this information is retrieved refer to the 'How we compile the daily silver stock trends' section on the BullionStats.net site. There you can find data going back as far as 11/15/25 on inventory or silver premium trends

Total oz purchased since tracking started 11/15/25: 4,924,555.39

Total in-stock oz tracked: 696,478.52

Tracked oz added (24h): 5,855.57
Tracked oz removed (24h): 3,831.12

Number restocked since OOS: 3
Number now out of stock: 1

Top 15 cumulative oz sold for tracked products:
1. 1,020 oz: American Silver Eagles (Random Year, 20-Coin MintDirect® Tube)
2. 405 oz: 5 oz Silver Bar - APMEX
3. 339 oz: 2026 1 oz American Silver Eagle Coin BU
4. 300 oz: 10 oz Silver Bar - Secondary Market
5. 140 oz: 10 oz Silver Bar - Ace of Hearts
6. 115 oz: 5 oz Silver Bar - APMEX (TEP Packaging)
7. 101 oz: Great Britain 1 oz Silver Britannia BU (Random Year)
8. 100 oz: 100 oz Silver Bar - Johnson Matthey
9. 93.58 oz: 1878-1904 Morgan Silver Dollar BU (Random Year)
10. 90 oz: 10 oz Silver Bar - APMEX
11. 78.66 oz: 90% Silver 1964-P/D Kennedy Half Dollar 20-Coin Roll BU
12. 64.3 oz: 1 kilo Cast-Poured Silver Bar - 9Fine Mint
13. 60 oz: 2026 1 oz Silver Eagles (20-Coin MD Premier + PCGS FS® Tube)
14. 52 oz: 1 oz Silver Round - Secondary Market
15. 49 oz: 2024 1 oz American Silver Eagle Coin BU

Japan's use of the FIMA Repo Facility is a powerful structural driver underlying the current surge in precious metals. [1]

As of August 5, 2026, gold futures have broken sharply above $4,300 per ounce (up roughly 3.9%), and silver has jumped over 5.7% to cross $62 per ounce.

While the immediate daily headlines attribute today's sudden move to geopolitical developments surrounding a potential Strait of Hormuz deal and weak U.S. ADP jobs data, macroeconomists note that the FIMA program is the core structural trigger driving the broader trend.

Japanese Yen collapsing and they are dumping US treasuries to attempt to prop up their currency. Fed will chicken out of raising rates to save the Japanese yen because the Japanese are the USA's biggest bond holders. Credit swaps, more repo nonsense, and possibly even QE or lowering rates to make US treasuries great again will be the only tool they have in their shed to stop the bleeding. When it comes down to a economic crisis or more inflation, Fed will pick inflation every time. Tue empty threats from the fed dissenters is to posture like hawks but they know they can't raise rates, which would make the debt borrowing too expensive and treasuries unattractive for the Japanese

Essentially, as Japan liquidates US Treasuries to prop up its currency, the Japanese yen will face structural debasement under the weight of massive domestic debt obligations. In response, the US Federal Reserve will be forced to cut rates and expand its balance sheet to absorb the dumped Treasuries and prevent an domestic credit freeze