GREY:NEVDQ - Post by User
Post by
Copper2020Fanon Dec 02, 2020 5:10am
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Post# 32016149
Governement debt has become unfinanciable and that worlwide
Governement debt has become unfinanciable and that worlwideGood morning.
The US governemnt-debt stays currently at round about 27,320,000,000,000 US-$.
Yearly interest expenses on this debt hitted with over 500 billion US-$ record levels, despite the ultra-low interest rates.
This fact is a proof. Interest has to stay low, because otherwise debt is becoming unfinanciable, which would lead into state bankrupt or into hyperinflation by avoiding state bankruptcy by paying interest with freshly printed money.
A moderate reflation of the economy with higher allowed inflation would keep the economy going and the impact of hyperinflation is avoided by now.
Reflation means higher prices in every area, commodities, stocks, daily living etc.
So copper as the important commodity will -from my point of view- under these circumstances see prices like never before.
Copperprices under 3 $ are history and passed and I think this will not come again. The new reality are prices over 3.50 $.
Not only Copper-Producers are on my watchlist. Also Diamond Producers because Gem-Stones will profit also as an asset-class from higher prices.
Lucara Diamond - Mountain Province Diamonds - Star Diamond Corp. are interesting names.
With best regards