There’s a lot of chatter about startups. NuScale, Oklo, Nano Nuclear. Tiny reactors, portable reactors. Ambitious. Bless their hearts. They’re building dreams out of atoms. But dreams don’t pay the bills. Not yet, anyway.
Now it’s 2026. And everyone’s looking at TSMC like it’s some sort of overvalued behemoth. Like the party’s over. Which, let’s be honest, is exactly when I start to get interested. Because the sensible thing, the obvious thing, is rarely the right thing. At least, that’s what I tell myself to justify my questionable investment choices.
The filing with the Securities and Exchange Commission revealed a purchase of 136,925 shares, a transaction valued at approximately $3.71 million, calculated against the prevailing quarterly average. It is not merely the sum, however, but the weight of it. The position, at quarter’s end, had appreciated by $1.60 million, a testament to both the initial judgment and the market’s tentative embrace of Voyager’s prospects. A curious confluence, wouldn’t you agree?
It’s not just the silver, though, is it? Never is. It’s like diets. You think it’s about the salad, then you realize it’s about the emotional void you’re trying to fill with lettuce. Hecla’s been added to a stock index, the S&P MidCap 400, which is… reassuring. And gold prices are up too. Not as dramatically, but enough to make one feel slightly less guilty about that impulse purchase of gold-plated teaspoons.
The SPDW, bless its simple heart, just buys shares in companies ‘cross the pond – Europe, Japan, the like – leavin’ the American ones alone. It’s a broad sweep, like castin’ a net for fish. The NZAC, now, that one’s a bit more particular. It’s got itself all worked up about climate change, and only buys companies that meet its standards. Noble, perhaps, but sometimes a fella just wants a return on his investment, not a pat on the back.
On January 23rd, the aforementioned Liberty Street Advisors filed a report with the SEC, detailing the acquisition of these shares. This immediately established a new position, and, rather dramatically, meant that nearly half (47.15%, if you’re keeping track, which, as investors, you undoubtedly are) of their reported assets under management are now tied up in this one particular company. It’s a level of concentration that suggests either extraordinary confidence, a temporary lapse in judgement, or a particularly compelling game of financial Jenga. (We suspect the former, but one must always consider the possibility of Jenga.)
The question posed – whether a mere two thousand dollars, entrusted to this fund, might blossom into a million – is not so much a calculation of pure return, but a contemplation of time’s vastness. It is akin to asking if a single seed, sown in good soil, can eventually shade a hillside. The answer, of course, is yes… but only if decades are allowed to pass, and the seasons are permitted their natural rhythm.
Both ETFs offer a way to get in on the precious metal game without actually wrestling a bar of gold or platinum. But the devil, as always, is in the details. Cost, performance, risk… it all adds up. A man’s gotta know where his money’s going, and why.
The proposition is simple, almost vulgar in its directness: transform a thousand dollars into sixteen thousand. A quintupling of capital. It is not a promise of instant gratification, understand. The market, that capricious and unforgiving deity, does not bestow riches upon the impatient. Rather, it demands a peculiar blend of faith, fortitude, and a willingness to endure the agonizing slowness of compound interest. This is not a sprint, but a pilgrimage – a decades-long journey through the wilderness of economic uncertainty.
