Is silver “manipulated,” or are fundamentals doing the work? Mark Thornton sifts the evidence and finds a simpler story. Big players have gamed markets before, but the long arc of silver prices reflects structural forces: the 1960s demonetization that pushed vast coin hoards into private stockpiles, decades of shifting industrial demand, and the rise of by-product mining. Add environmental compliance and hard-to-recycle “green” uses that sequester silver, and the result is stubbornly low real prices.
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Is silver “manipulated,” or are fundamentals doing the work? Mark Thornton sifts the evidence and finds a simpler story. Big players have gamed markets before, but the long arc of silver prices reflects structural forces: the 1960s demonetization that pushed vast coin hoards into private stockpiles, decades of shifting industrial demand, and the rise of by-product mining. Add environmental compliance and hard-to-recycle “green” uses that sequester silver, and the result is stubbornly low real prices.
Be sure to follow Minor Issues at https://Mises.org/MinorIssues
By All Means, Elect Mamdani and Watch His Socialist Laboratory at Work
Mises Institute
12 minutes 9 seconds
1 week ago
By All Means, Elect Mamdani and Watch His Socialist Laboratory at Work
Henry Hazlett wrote in Economics in One Lesson that each generation has to relearn economic fallacies that government employs when implementing bad policies. New Yorkers are about to learn a lot of new lessons.
Original article: https://mises.org/mises-wire/all-means-elect-mamdani-and-watch-his-socialist-laboratory-work
Mises Institute
Is silver “manipulated,” or are fundamentals doing the work? Mark Thornton sifts the evidence and finds a simpler story. Big players have gamed markets before, but the long arc of silver prices reflects structural forces: the 1960s demonetization that pushed vast coin hoards into private stockpiles, decades of shifting industrial demand, and the rise of by-product mining. Add environmental compliance and hard-to-recycle “green” uses that sequester silver, and the result is stubbornly low real prices.
Be sure to follow Minor Issues at https://Mises.org/MinorIssues
