Discovering Value in Discovery Silver moneyshow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyshow.com Daily Mail and Mail on Sunday newspapers.
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Peter Krauth of Gold Resource Investor provides his take on MMT and explains why he believes its effects will drive precious metals and commodities much higher.
Modern Monetary Theory or MMT, as it s better known, is a recurring theme that s not likely to go away. However, there s nothing modern about it, it s not about money (it s about currency), and it s no longer a theory.
We ve certainly not heard much about it in mainstream economics or investment publications. But I do think it s gaining traction.
In my view, MMT is a very big deal because of its massive implications to our economic future. And so, I think it s worthwhile having at least a basic understanding of the concept.
Spot silver is trading around $26 per ounce…but you can t buy any at that price.
Instead, you ll have to pay almost 50% more.
That s right. If you want silver right now, you ll need to pay at least $35 per ounce.
If you prefer government mint coins, and you re willing to wait a month to get them, you ll have to pay upwards of $37 per 1 oz coin.
In the past year, premiums on physical silver have tripled from normal levels. Bullion dealers have been overwhelmed. Product shortages are now commonplace, with customers waiting 3 weeks or longer for shipping.
The silver market has rarely, if ever, experienced anything like this. Demand has not only soared; it has maintained these elevated levels.