Twitter Spaces – Part 2: Fed Policy, Custodial Risk, Metals Physical Vs. Digital
This is an edited version of our Twitter Space that took place on December 1st, 2022.
Note: In Part One of this Twitter Space, Tom Luongo discussed the Geopolitical situation with the Fed, Davos, and Europe.
David discusses the high-premiums and low mintages that we have been having on silver coins, particularly Eagles. Premiums on metals have been overly ratcheted up by bullion dealers. He also expresses concerns about the stability of Tether.
Jim discusses the controversy over the FTX CEO and questions why the American Justice System hasn’t put him in handcuffs. He seems to be protected. Bob notes that he is currently in the Bahamas, where it’s more difficult to extradite him.
O’Hare vigorously argues the metals are an inflation hedge when viewed over longer time frames. He sees silver as both monetary and industrial uses. All these entities and banks are struggling globally, there is a lot of stress in the system. He is starting to see increasing interest from larger players in the metal space and he gives some advice for investing in resource equities.
The Silver Institute estimates a supply deficit of 200 million ounces in silver for 2022. A lot of smelting and refining has gone offline in Europe due to energy costs.
Bob Coleman – Idaho Armored Vault
David Morgan – Morgan Report
Jim Hunter – Registered Commodity Broker with Allendale
Tom Luongo – Host of the Gold, Goats’N Guns Podcast