Bailey
👤 SpeakerAppearances Over Time
Podcast Appearances
Just to remind some folks, and copper is one of those that's like an annual situation.
It doesn't go in the same velocity as some of the rest of them.
It's like an annual situation.
Just to kind of put in perspective,
in 2004 copper was a dollar ish in 2006 copper went up to almost four dollars in 2009 10 a little bit just shy of five bucks it didn't go up again until 2021 2021 is where we had a lot of stuff happening right so just shy of five bucks as i record this just shy of six dollars well if you look at it that's not a that's not a quick climb at all
nor has it ever been proposed to be a quick climb.
What it is though, is a consistent climb.
It's a consent.
There are downs, but I'm saying over time, there is a consistent climb of it.
And if you look at it, if somebody had been sitting on it since 2004, that's almost a six X. You cannot, you cannot ignore that.
You can't, it's long, but look at what Bitcoin is doing.
It's the same thing.
How's it any different?
Those that are crypto so-called maxis, it's the same concept.
Some of these, it just takes decades for it to get to that point.
And silver is one of those where it just happens to be.
We're at that, that max out point where supply crunches happening.
There's a rush to supplies that are there.
They can't get supply out quick enough.
There's,