Loading ...Down days like today for silver are a reminder on why the US Government is instituting price floors on critical minerals. Investments are being made in America to lead the world in critical minerals refining, specifically silver.
https://x.com/MBAeconomics1/status/2069433607966405093
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U.S. Secures Silver Smelter Deal to Process Latam Metals
Under the plan, the U.S. Department of Defense will hold a 40% stake in the JPM Financed smelter joint-venture.
Korea Zinc plans a $7.4 billion investment to construct a large-scale non-ferrous metals smelter in Clarksville, Tennessee, a project U.S. officials say will materially expand domestic critical minerals processing capacity and strengthen supply chain security.
First I’ve heard of price floors — anyone familiar with government policy on same???? I think it may be a concept the writer is promoting…..
“First I’ve heard of price floors — anyone familiar with government policy on same???? I think it may be a concept the writer is promoting…..”
Absolutely. Try FDR’s first term. He had agents destroy crops and dumping milk, to try to keep prices HIGHER so that farm incomes wouldn’t fall.
Now contrast that with federal policy under Harding in 1922 or so. (the Depression you never heard of). Jim Grant has done excellent work on that period. Books and UTs.