Mining CEO Explains Why Silver Could Reach Over $136
by Simon Black via SovereignMan.com,
ZeroHedge.com
May 8, 2017
His remarks started off like dozens of presentations that I had heard so many times before. . .
“Without silver,” began the speaker, “our entire society would go back to the Stone Age.”
The speaker was the CEO of one of the largest silver mining companies in the world, and he was a special keynote at the annual closed-door meeting of the Atlas 400.
CEOs of mining companies almost always start their presentations talking about how important their mineral is.
“If we didn’t have cobalt we would all be cave men again. . .” or “Without molybdenum our modern technology would cease to exist.”
It sounds impressive, but the same story applies to just about every industrial commodity in the world, from copper to lumber to recycled steel.
It’s hardly an original argument and doesn’t impress me enough to be bullish on their mineral.
The real investment thesis about silver is that it’s a precious metal that has industrial qualities and a long-standing tradition of value.
Like gold, silver was an ancient form of money. And for good reason.
Out of the 118 known elements that exist on the periodic table, gold and silver share certain chemical properties that made them ideal as a medium of exchange to our ancestors.
The Rest…HERE
