Spaces: Metals, Mints, Laws, Premiums & the Outlook for 2023 with David, Bix, Bob & Jim
David discusses the Lode project briefly and brings us his thoughts on why public mints should be to meet the public demand for metal. This year’s U.S. mint production has been low and prices have gone through the roof. The law has recently changed at the Mint’s request regarding their requirements for meeting demand. They are using the excuse of having to meet proof quality coin demand first.
Bix discusses his concerns with the lack of production and the mint’s failure to properly hedge silver. This has resulted in losses for the Mint in 2021. A discussion of high premiums and the current collapse in retail silver ensues with Bob.
Metals manipulation and spoofing is also discussed, but Bob notes that it’s often difficult and time-consuming for regulators to prove.
The Fed is also discussed and how they seem a bit trapped on inflation. Metals are primarily concerned with risk and Bob express concerns about the U.S. elections coming up in 2024. We’ve kicked the can down the road and failed to flush the malfeasance in the system.