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Portfolios &
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Hey there!

Yesterday, history was made.

Silver traded at $100 per ounce for the first time. Similarly, gold traded above $4,980, an all-time high.

This has major implications for everyone, regardless of whether they own these precious metals. In today's newsletter, I will explain why and give you a deep dive into the portfolio changes that I am actively implementing in response to this major event. We are unpacking a lot in today's edition. Stick with me, and I promise it will be fascinating.

Also, continue reading to find out how you can earn $50 in silver today.

History, inflation, and precious metals

The historic rise in silver and gold is a warning of USD inflation

For almost 2 decades, I have studied macroeconomics for fun. 🤓 Macroeconomics is the study of broad economic conditions that affect entire countries and the global economy, such as employment, inflation, and interest rates. My understanding of inflation is the reason I include gold and silver in my portfolio.

By now, I'm sure you're familiar with inflation. For most, they experience the outcome of inflation, which is higher prices. But the cause of inflation is currency debasement, i.e., printing more money.

The Federal Reserve of the United States is responsible for the "printing" of U.S. dollars. I say "printing" because most of the dollars are not on paper; rather, they are digital in today's age. This makes it easier and faster to create more currency.

When the currency supply rises, it dilutes the currency's purchasing power, leading to higher prices. This process erodes the standard of living for everyone, especially those without inflation-protected assets. Gold and silver are among the assets that provide inflation protection, as is real estate.

If you want to learn more about currency debasement in the U.S., simply visit the U.S. National Debt Clock. It continuously counts the currency being created, an eerie thing to watch.

I've become quite familiar with precious metals markets through years of trial and error. You may recall from the newsletter I sent out on Monday, I said this:

Five days later, silver is at $103.

This powerful rally is causing panic among some investors, especially self-proclaimed "gold bugs." They take a look at this chart and say, "This is it! The dollar is collapsing! An economic catastrophe has begun!"

And the chart of silver is no different:

But I see things differently.

Yes, some of the rally in price is due to the decline of the dollar and inflation. But the dollar is not "collapsing." If it were, bond yields would blow out, rising dramatically to 10%, 15%, and beyond. Instead, the 10 Year Treasury rate sits at 4.2%, which is low relative to history.

No.

What's happening in the metals market is a short squeeze.

Large banking institutions around the world have been short gold and silver via futures market contracts for decades. VERY short. Normally, they can keep the market under control. Over the past 3 decades, the Federal Reserve has eased monetary policy (incited inflation) at least 4 times, as represented by the Federal Funds Rate beginning a new decline cycle. Through three of those easing cycles, the metals market has remained under control. But this time, it lost control.

Examine the chart below carefully. The Federal Funds Rate is shown in green, and each easing cycle is indicated by a red line. The gold price, in orange, is below. Notice that after each easing cycle begins, the gold price starts to rally. But after the easing cycle began in late 2024, something changed.

Beginning in 2024, gold and silver prices have been rising parabolically. The last time this happened was between 1971 and 1980, a period of high inflation. In addition, both metals, but especially silver, have formed very large and very impressive technical patterns called "cup and handle." These patterns are considered strongly bullish. You can see the pattern in the chart below. What technical analysts would expect following a breakout of this pattern is a very strong rise, and that is exactly what has occurred, taking silver from $50 to $100 (doubling) in a mere 3 months.

Short squeezes are uncontrolled price rises in an asset, such as stocks or commodities, that occur when too many traders are short the asset and a strong rally "traps" these shorts in losing positions that are forcibly closed as their liquidity and margin become limited. Translation: the shorts become involuntary buyers.

This momentum is exciting, attracting more buyers to the market. More buyers increase the pressure on more shorts, and the energy feeds upon itself.

Short squeezes are inherently violent, unpredictable, and surprising. Silver's short squeeze could end on Monday, or it could continue to $200 per ounce or more. I do not claim to know. But I will tell you what I am doing with my gold and silver...

My Portfolio Update

I have exposure to gold and silver in my portfolio through four main methods:

1. Gold and silver bullion
2. Mining stocks
3. Options on $GLD and $SLV
4. Kinesis Money Crypto KAU and KAG

Mining stocks and options are leveraged derivatives of gold and silver. I have literally lost thousands of dollars over the years from these leveraged products. But I have many years of experience and can now accomplish trades like these:

I am now gradually selling these leveraged positions to mitigate the volatility that will surely worsen with this short squeeze.

I am also selling more of my gold and silver bullion. Not because of leverage risk, but because storage costs are rising as prices rise. Storage fees for vault services are typically a percentage of the value of their contents. I used to pay small monthly vault fees, but because prices are so much higher, I now get bills like this:

Ouch. $56 in fees.

But there remains one asset that I am buying more of: Kinesis Money KAU and KAG.

For those who missed the newsletter on KAU and KAG a few weeks ago, here's a quick recap:

• Kinesis Money is a cryptocurrency platform.
• The platform hosts two cryptocurrencies: KAU, a gold-backed cryptocurrency, and KAG, a silver-backed cryptocurrency.
• The company stores the precious metals in its own vaults.
• The investors of KAU and KAG earn rewards for holding, trading, and minting the cryptocurrency.

This is the beauty of KAU and KAG. Instead of receiving an invoice with fees, I receive a check that pays me for holding gold and silver assets. Here's a snapshot of the rewards I have received in one of my Kinesis Money accounts:

Kinesis Money is, in my opinion, the best way to earn passive income from gold and silver.

And right now, you can earn half an ounce of silver-KAG by opening a new account with Kinesis Money, which is now worth over $50.

Here's why its the best time to get this reward:

• Kinesis Money offers 1/2 ounce of KAG for new accounts. Because silver just reached $100 per ounce, this reward is the highest it's ever been at $50.
• Kinesis Money may discontinue this reward program at any time.
• You could wait for silver to reach $150/ounce for a $75 reward, but then you would be buying silver at a much higher price than today's.

Kinesis Money is the best way I know of to earn passive income on silver and gold and to earn FREE silver.

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Disclosure: I may earn commissions from these affiliate links at no extra cost to you. Recommended services are not investment advice. The contents of this newsletter do not guarantee results or outcomes. See a financial advisor for help making financial decisions.

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Reader Q&A

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👋 A quick note from me

I’m Garrett Duyck, dad of four, author, and founder of Cheatcode Wealth™.

By day I work a regular 9–5; by night (and early mornings) I write Portfolios & Bedtime Stories to help you turn a normal paycheck into real investments and, eventually, passive income.

🧭 What this newsletter is

This email is part of my Paycheck‑to‑Passive™ framework: practical, no‑BS ideas to go from paycheck‑to‑paycheck to building a real portfolio without blowing up your life.

A few things I’m building for you:

• ​Cheatcode Wealth™ – my home base for the Paycheck‑to‑Passive framework
• ​Portfolios & Bedtime Stories – this newsletter you’re reading now
• ​Paycheck‑to‑Passive™ – my flag ship, plug‑and‑play guidance system
• ​Stake A Domain™ – my research hub for domains that can generate income
• ​Ordinary Life, Extraordinary Wealth – my book in progress about flipping the script on “job shaming” and building wealth with a normal life.

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Your review:

• Helps more 9–5 earners find this work
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Thank you, it really does make a difference.

🛠 Tools & services I actually use

These are the tools I personally use to run my own Paycheck‑to‑Passive™ plan, analyze investments, and build passive income:

Stocks & Options

• ​FAST Graphs – my go‑to dashboard for fundamentals on the stocks I own and monitor.
• ​Robinhood – where I keep a combined stock portfolio and crypto staking portfolio (plus I use their Gold features).
• ​Tastytrade – my brokerage for options trades, with a backtesting tool I rely on.
• ​TradingView – where I build all my stock charts, watchlists, and technical setups.
• ​Morningstar – for deep stock research and competitive moat analysis.

Crypto & Commodities

• ​Coinbase – for staking crypto with more control.
• ​Coinbase Advanced – for trading crypto easily and with a reasonable cost.
• ​Kinesis Money – how I earn passive income on vaulted gold and silver.

Digital Assets & Tools

• ​Dynadot – my home base for domain trading (low fees, integrated marketplaces, and smooth listing).
• ​Flippa – where I hunt for niche online businesses (KDP, SaaS, sites) that can throw off cash.
• ​Hostinger Website Builder – the no‑code builder I use for income‑generating sites and simple online stores.
• ​Abacus.Ai – the all-in-one AI tool that I use to do market research, automate tasks, and help me with domain research.

Affiliate disclosure: Some of the services mentioned above are affiliate links, which means I may earn a commission if you choose to use them at no extra cost to you. I only recommend tools I personally use and believe can support a Paycheck‑to‑Passive journey.

💬 A small favor

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Keep your life,

Garrett
​Author of Portfolios & Bedtimes Stories newsletter