Loading ...If Copper “IS A Train Wreck” Silver Is Armageddon
Of course, his point is well taken and yes, copper could go to 50 dollars a pound. But that being said, if in the copper market, where there hasn’t been a sixty year effort to cap and suppress the price, what do you think happens to silver? Try 50x or even 100x given all the rehypothecation of the paper ounces of silver for the limited actual physical ounces in existence. https://www.zerohedge.com/commodities/billionaire-mine-owner-warns-copper-market-headed-train-wreck-supply-woes-emerge
Of course there will be a lot of twists to this story as it unfolds. One that Don Durrett has suggested is that as Silver reaches $100 or somewhere the government will nationalize the ETF’s and ban silver for investment purposes. I could see this myself of course justified as a national priority and demonized as” hoarding”.
But if bought now there will be a lot to make between here and $100.
I have felt that was a possibility. I have stayed away from miners in jurisdictions other than US and Canada because I felt nationalization was likely. While it is possible it could happen in those two countries as well, it is more likely the production of the silver would be “nationalized” as oppossed to the actual ownership of the companies. A negative for sure but the companies would likely be allowed some level of profitability just not what we as investors were hoping for.