This 35-year-old is stockpiling $250,000 in nickels as a bet against inflation: ‘This has zero downside’

Gold prices hit an

all-time record high of $4,398 an ounce on Monday, while silver futures recently reached a nominal record-high intraday level. But one trader is also betting on another metal increasing in value — and he’s taken a unique route to get there.

Kyle Mitchell, 35, who works in finance, has stockpiled $250,000 worth of U.S.-minted nickels as an “inflation hedge,” he told MarketWatch. He shared that he’s currently storing them all in a detached garage on his 150-acre farm somewhere in the U.S., although he declined to give his location due to safety concerns.