In this week’s Off The Cuff podcast, Chris and Jeff Clark discuss:
- Why The Recent Gold Breakout Is For Real
- Why Lower Interest Rates Will Boost Gold Demand
- Why Silver’s Price Will Need To Go Much Higher
- Why Investors May Find PMs Hard To Obtain During The Next Crash
We delayed this podcast a week in order to rush the one with Axel Merk out right after the latest Fed announcement. But it’s no less important.
Precious metals analyst Jeff Clark explains why the new bull market in precious metals is ‘for real’, and why higher prices and scarcer supply in store — especially in the case of silver:
Mine supply—and again, we’re talking about new silver coming to market—mine supply has rolled over, and it’s been declining every year now since 2014. This is not widely reported, certainly not reported in the mainstream. There are some analysts talking about it. Mine supply has started a long-term decline. You can tell that by looking at the charts.
One of the primary reasons is exactly what you’re saying. There’s very little incentive for them to do that. So are you, Chris, going to spend millions and millions of dollars—billions of dollars—building a new silver mine, which may be big, it may be rich, maybe have high grades, may be in a good political jurisdiction, but when you go to sell the product you may not make any money.
by cmartenson 
