Generally it may appear frivolous and speculative to be discussing silver prices within the context of managing money holdings to protect capital purchasing power.  This perception is mis-placed when considering more closely the relevance of silver prices to systemic stability and wealth preservation, and for the following reasons, is of core interest:

Inflation and purchasing power decline: Silver prices are reflecting long-term supply shortages that can not be remedied in the short or medium term. Silver price increases are representative of inflation risks across all monetary metals (gold, copper, nickel) and industrial metals (aluminum), strategic metals, and non-metal price increases including hydro-carbons/petro-chemicals, food chain prices, other industrial commodities. The price increases are now embedded into the future; the only question is when they are reflected into official price indices measuring inflation. These price increases arise largely from the supply shortages and price increases in hydrocarbons resulting from supply constraints in the Straits of Hormuz in Iran. Hydrocarbons are key inputs in industrial processing and production of metals and the commodity and finished goods supply chain in general. Silver prices (and gold) are representative of those inflationary pressures resulting in declining capital purchasing power and so serve as an effective hedge.

Contagion risk of contract default; The systemic stability of the global banking and financial system relies on trust in legal frameworks and contract enforcement. The contracts are paper, as are the futures contracts that are traded on exchanges to determine silver prices. The impending default in those contracts threatens trust in paper contracts in general, and a loss of trust would be contagious and a risk to systemic stability. This risk only appears to the general public at the time it is manifesting as reality, in other words, when it is too late to obtain insurance hedges against it occurring. 

Rebasing protection: Rebasing the money assets in the portfolio of holdings after the decline in prices in precious metals and investment assets in general in early 2026 served the intended purpose of preserving purchasing power of those holdings. The increase in precious metals prices of 10% -15% over the following three months has resulted in a 3% increase in the overall purchasing power of the holdings portfolio, and thus serves the intended purpose of preserving purchasing power. In other words, maintaining a position in precious metals has insulated the money holding portfolio from a 3% decline in purchasing power for the most recent three month period, in contrast to the 3% decline in US Dollar purchasing power for all of 2025, measured by the US consumer price index (CPI), which itself does not fully reflect the decline in real capital purchasing power.

These are the reasons why the silver crisis is significant and important in the overall discussion of capital protection and wealth preservation. In other words, it is not an abstract concept with little practical relevance.

Counterparty risk—the danger that banks, custodians, or financial institutions fail to meet obligations—has become central to monetary holdings. Bank deposits, once considered risk-free, now function like equity investments in some jurisdictions, exposing holders to insolvency losses or funding calls. Crypto custody adds layers of treasury and exchange risks, while even monetary metals carry dangers if held in dematerialized or poorly secured forms

Effective assessment requires rigorous due diligence: reviewing jurisdictional regulations, counterparty balance sheets, and custodial terms. Prefer brokerage accounts over traditional banks for narrower risk exposure, and insist on physical possession of metals to eliminate counterparty dependency. Gradual re-basing over 12-36 months—shifting from high-risk fiat into diversified holdings—minimizes volatility while capitalizing on current dollar strength.

HNWI benefit enormously from this disciplined process. A balanced portfolio reduces short-term swings and long-term devaluation, stabilizing capital in crisis environments. Professional services guide clients through account openings, provider evaluations, and ongoing monitoring, ensuring compliance and liquidity without triggering unnecessary tax events.

Government cash management practices offer powerful lessons for HNWI. Centralized structures analogous to Treasury Single Accounts (TSAs) consolidate fragmented holdings, minimize idle balances, and maximize returns on surpluses. Accurate cash-flow forecasting—daily, weekly, or monthly—prevents mismatches, while short-term instruments like treasury bills, repos, and term deposits bridge gaps without excessive borrowing costs.

The 2022 PEMNA report on cash management in Korea and South Africa highlights proven methods: setting minimum/maximum balance targets, integrating forecasting with investment decisions, and diversifying across approved counterparties under strict credit limits. Korea’s dBrain system and South Africa’s daily sweeping demonstrate how real-time monitoring and coordination slash opportunity costs—idle cash in unremunerated accounts can be “particularly costly.”

Post-COVID adaptations, including flexible buffers and bond-switch programs, underscore agility. For private individuals, these translate to portfolio-wide optimization: sweeping excess cash into remunerated instruments, maintaining liquidity buffers, and aligning monetary holdings with personal cash-flow needs. The result? Lower operational risks, reduced refinancing exposure, and higher net returns on liquid assets.

Rebasing begins with a comprehensive audit of current holdings, followed by counterparty assessments and phased diversification. Prioritize physical monetary metals for zero-counterparty security, blend in defensive fiat currencies and regulated digital assets, and apply TSA-style consolidation for efficiency. Professional guidance ensures seamless execution within existing banking relationships or through specialized programs.

Services dedicated to monetary holdings management provide research-backed tools, performance reporting, and weekly updates—far beyond generic financial advice. By acting now, HNWI avoid the pitfalls of waiting: nothing is gained by delay in a rapidly deteriorating monetary environment.

In conclusion, rebasing monetary holdings is essential proactive stewardship. By integrating crisis foresight, rigorous risk assessment, and optimization best practices, HNWI can preserve and enhance capital resilience. Consult specialized providers today to secure your monetary base against tomorrow’s uncertainties.

The specific asset profile (format, age, location, quality/refurbishment) we recommended rose  from E 28,000 and was last seen in summer of 2025 at E 85,000… and when checked recently, these continue to hold value at those prices or slightly above… with additional increases continuing further. 

That kind of return simply cannot be ignored, and even investing an underweight allocation of a portfolio, has a significant impact on wealth and capital growth. 

The chart below verifies the out-performance of Bulgarian property price returns in general, and in comparison with the rest of Europe.

Contact us at info@mytapu.com for more insights into

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Notes:

·Assessing the cost implications of asset management is an important aspect of due diligence preceding an investment purchase decision, and applies equally, and especially, to condominium-type and apartments multi-unit buildings.

·MyTapu Associates do provide advice on administrative issues, especially those pertaining to statutory aspects of administration, including legal advice rendered by associates.

Contact MyTapu Associates at info@MyTapu.com with the subject 'Property Caretaking'...

1.  Plan to complete payment your property purchase either in early December OR late March- never between April (Easter) and September.

3.  Make a short Buy List of 5-8 properties to buy;

5.  Submit your price offer to the seller at a reasonable price advised by your Property Finder, taking into account the real supply and demand situation in the market, shown in the Market Price Valuation Report.

6.  Do not expect the seller to accept this price… instead, plan to re-submit the same purchase price bid every month- or use a pricing strategy advised by your Property Finder…

7.  Remember, the MyTapu Property Finder is a Transaction Manager that is a Qualified Investment advisor- not a real estate agent.

8.  Keep track of prices of the properties shown in the Market Price Valuation Report during the time from April through November (or February), and the sales of properties on your Buy List. 

9.  At any time during this extended period of time the Seller may come back to you and discuss price, because the seller knows he/she priced his/her property 20-30% above the market value, and because your Property Finder is submitting price bids to the seller once a month, as a reminder. You may receive reduced and lower price offers from more than one seller…

10. Once you have received the seller’s concessions to sell at a reasonable price, and very happily at a discount from the original sales listing price, you the buyer, will have purchased at a price that represents a sound investment, protecting capital and preserving wealth.

Remember, a property owner in Turkiye, whether foreign or Turkish, decides on the amount he or she wants to receive for the sale in terms of a USD, EUR, or GBP price, and then adds 20-30%. Then converts this price into Turkish Lira (TL) at the existing exchange rate, and every two or three months, adjusts the TL price to reflect the most recent TL exchange rate. So having this insight, a buyer can calculate the price at which the owner is willing to sell, and use that insight during negotiations. This is a great advantage. Tracking the property over an extended period of time, for achieving an advantageous purchase price. The MyTapu Property Finder keeps track and applies these insights automatically, so the buyer has the information to benefit from, 

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Ask MyTapu Associates how we may assist investors in teaming together with other like minded investors of their choice, by sending an email to info@MyTapu.com with the subject ‘Teaming Together for CBI/CIP-Tr

 Recent geo-political conflict has pushed up oil and gas prices, and historically, that has not been so good for Turkiye's foreign currency balances and payments… but times are changing. Turkish gas production is now coming through the pipelines from gas reserves in the Black Sea, and this will significantly reduce Turkish import payments. In addition, petroleum exports from northern Iraq through Syria and the Turkish pipelines to the Mediterranean have restarted once again, meaning more oil at advantaged prices and discounts, pipeline revenues, and cross border tanker-truck trade, which had a very positive impact in the past. Changing petroleum product supply lines are just one good reason why the Turkish Lira will be stronger in the future…

There is also good reason to consider the monetary/currency and macro outlook in Turkiye is shifting back away from the woeful struggles ensuing after 2017... meaning prospects improving for a more resilient Turkish Lira, attract investment into deep discounted valuations, not only in real estate, but through-out the economy. For example, valuations on the Istanbul are less than 1/4 of the levels elsewhere.. Whilst not expecting a return to the buying frenzy of 2012-2017, the policy induced changes in expectations surrounding forward currency depreciation rates, will result in asset revaluations... far in advance of being reflected in credit ratings and country risk benchmarks. We are noting a sustained up tick in institutional investor enquiries and interest by finance providers.... The capital flow is expected to set the stage for a gradual resumption of competitive returns on capital.... 

Investment merit for real estate in Turkiye is improving, and returns will be better than 2017- 2021 (negative) and 2021-2024 (lagging other developed economies). ....

Counter-Cyclical...

It should come as no surprise that Turkiye's real estate market moves differently than most western countries, because the economy is so different. For example. while real estate prices crashed in most places in 2007-2008, prices in Turkiye were just beginning an upward ascent that peaked in 2017.  And while real estate prices trended higher in most countries due to pandemic stimulus in 2022-2025, prices in Turkiye lagged, and were lower to flat, with only marginal increases in selected locations.

The worst time to close and complete a purchase is the period May- August... 

The best times to close and complete a purchase are: 

• November 15 - December 15: which means the negotiation should begin October 1-15, and the property search should begin Aug 30- Sep 15...
• March 15-30: which means the negotiation should begin no later than Feb 1-15, and the property search should begin no later than Jan 1 -15.

For these reasons, planning, and other insights, please reach out to Email info@mytapu.com (mailto:info@mytapu.com) :

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… a key component of ballooning AI infrastructure funding provided by insurance companies….

… coinciding at the same time with implosion in asset values of software companies suffering AI disruption….

… furthering this financial crisis that began as a liquidity crisis last summer... 

... resulting in rising interest rates in inter-institutional money lending rates due to tapering easy money policies…

… and accelerated as interest rate increases in long term Japanese government bonds triggered reversals in the Yen carry trade

…latest recovery rates now priced at 20% of par value... substantial losses for insurers once again, similar 2007-8….

...In tandem, the US administration has supplanted the oil sea-cargo insurance underwriting business, replacing it with underwriting services now provided by a US government agency, thereby strengthening US policy maker’s grip on global energy markets

• JP Morgan, the leading private sector open market operator of the world's fractional reserve banking system, announces acceptance of BitCoin as Tier 1 Capital, there by permitting BTC's use as collateral for short term lending, at loan value ratios of 50%-70%, and providing access to liquidity without incurring capital gains tax via sales, at interest rates and therby implied credit risk comparable with top credit rated corporate bonds.
• Kraken is a large international crypto exchange, and has now become the first to be integrated into the US Federal Reserve’s payment architecture, which ensures the world banking system’s access to liquidity. This means Kraken can now receive and disburse capital flow directly with the Fed, and more importantly, can receive liquidity infusions to smooth operational requirements, reducing the potential for failure.

Short-term Dollar strength reflects geo-political realities of the US Administration’s actions impacting energy and trade flows…

Medium-term Dollar strength will likely continue due to capital flow into the US economy resulting from those same changes….

Long-term Dollar weakness will persist: the lessons of every fiat/paper currency inflation in history show that once the interest burden on the national debt exceeds the annual budget, the demise in the currencies value is inevitable. The Dollar has progressed far down that path and is accelerating…

Take-Away: Current Dollar strength provides an opportunity to slowly diversify into alternative monetary assets, for the purposes of:

·  Reducing exposure to short term volatility risks

·  Reducing long term impact of fiat currency devaluation

·  Protecting purchasing power of capital and preserving wealth 

Fiat Currencies of economies that export natural resources (AUS, NOK, CAD) continue to provide better insulation from the fiscal budgetary largesse of the currencies systemically integral (YEN, GBP, EUR) to global monetary policies exercised by the Central Bank cartel.

Digital Currencies (BTC, ETH, SOL) are evolving and rapidly filling specialist niche application uses. Their recent weakness is merely the market’s realization that StableCoins (especially USTA) will gain market share and thereby reduce the long-term valuation of BTC, ETH, SOL, etc. The digital currencies will continue to appreciate as their efficiencies become increasingly widely adapted. The current price softness is simply a reflection of market expectations that the rate of increase of adoption is slower than it was previously.

​​Monetary Metals have recently experienced a slow down in their rate of increase, which is likely to be for a short period, because industrial demand in critical technology underpins their continuing strength of demand. This short pause in the upward momentum is likely to be short lived, as the silver supply shortage crisis continues to exacerbate matters for silver especiall, impacting Gold and other monetary metals (nickel, copper, etc) 

… and highlighted by systemic imbalances in strategic metals supply and demand, reflected in bailouts for critical institutions in the silver settlements system….

• January demands for delivery were 40 million ounces, 40x the normal delivery rate.
• Silver production has seen five consecutive years of supply deficits at 200M ounces/year, now aggregating to a deficit of nearly 1 billion ounces.
• The lease rate for borrowing silver has increased 8x from 1% to 8%,
• Sixty percent of silver’s demand is for industrial uses.
• Seventy percent of silver production comes as a by-product of mining other metals- meaning it can not be easily and quickly increased.

The Relevance of a Silver Default Crisis to the Global Financial & Banking System and Capital Wealth Preservation...

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