GREY:NEVDQ - Post by User
Post by
Notgnuon Dec 20, 2021 3:20pm
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Post# 34247974
Why worry about the price of copper? >>>
Why worry about the price of copper? >>>If the O'moronic version of Covid lowers cosumption, due to more supply chain constraints, so to does it lower supply for the same reasons.
With the world's two lrgest copper supply countries (Chile and Peru) having new governments coming in, who will need to pay for programs that their electorates now expect, they will (and have said they will) raise mining taxes. They will also likely force more compliance with percieved needs for environmental regulation which will also increase cost.
Taken together, it is unlikely that global mining companies will increase their investments (which are needed to combat falling mine grades) to grow or replace production.
The long term price of copper also has to track with inflation in the US so the USD price for copper likely goes up as inflation erodes it's value. That more or less neutralizes USD concerns for NCU.
The O'moronic (so called) varriant is a good thing in that... of course most everyone will get it, only the weakest of the weak will be culled (as they would with other yearly virises that come 'round and all other people will come away from the week or two of varying degrees of sickness, with an immune system that will fight off future infection.
Get a grip. The world is not ending. Build your immunitty by taking the vaccine if you want and do not take it if you really do not need it (young, strong and healthy people.) Take Vitamin D#3 (5,000 IU a day and take it along with Vitamin K2 to ensure uptake of the D3.) This is a low cost way to (likely) ensure having a good ability to fight off O'moronic when you DO get it eventually.
Cheers,
N