Beyond the typical underlying changes in money supply there are very important elements of demand that continue to push the price of physical silver higher and higher. This is despite the fact that silver has been money for much longer then gold.
Don't fall for propaganda from the Federal Reserve about tapering quantitative easing, says ShadowStats editor John Williams. His corrected economic indicators show the U.S. is nowhere near a recovery and the Fed will have to increase bond buying to prop up banks and push off inevitable dollar debasement.
Defenders of fiat currency schemes claim that they promote stable prices and moderate economic volatility. In fact, the opposite is true. Fiat currencies not only destabilize economies but undermine the moral basis of society.
Without critical materials many technologies, products, gadgets and toys, would not exist. The US used to be the world’s leader in development and production of high-tech magnets, it can be again, but not without required rare earth oxides.
Competition among non-Chinese junior mining companies to successfully mine rare earth elements began as a footrace and evolved into a full-on stampede. That race is now unraveling, thanks in part to the sheer number of companies involved.
I am appalled by the judgment of mining analysts and managers in the rare earth space. The primitive state of the economic analysis of the rare earth supply and demand sector is indicative of poor understanding of resource economics.