Kitco’s David Lin started out asking me about Dr. Copper’s run up to near all-time-highs (he's telling us there’s higher inflation ahead) and how to speculate in this space. But then he asked why hasn’t silver rallied as much as copper and other industrial metals. That led to a long back and forth on silver, including manipulations questions, whether silver is still a hedge against inflation, and what the gold-silver ratio might be telling us. It was fun to dig into silver a bit more than we usually do, as I really do see it as the win-win metal for 2021.
(Ed. Note: I misspoke in the part about manipulation. I meant to say that if one believes that silver prices are lower than they should be entirely because of a government conspiracy, then it’s not the industrial consumers of silver doing it. And the reverse is true. Both could be doing some of it, of course—but both can’t be entirely responsible.)