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How Soon Will Gold/Silver Miners & Oil Producers Go Bust?
Jason Burack of Wall St for Main St did a video talking about how a good percentage of primary gold and silver miners will start going bankrupt in less than 12 months. The same thing goes for oil producers if oil stays at these levels or goes lower because miners and oil producers have used […]
2015/03/30 9:52 PM
Jason Burack of Wall St for Main St did a video talking about how a good percentage of primary gold and silver miners will start going bankrupt in less than 12 months. The same thing goes for oil producers if oil stays at these levels or goes lower because miners and oil producers have used too much debt to go into production.
He talks about why miners cannot produce silver for $5 per oz anymore like they could 10 to 12 years ago. Similar rules apply for gold and oil. All the low hanging fruit has been plucked. More supply has been made available to replace used up supply, but new technology has not drastically lowered the production costs for the new supply like economics textbooks predicted.
Articles/Podcasts referenced in this video:
http://srsroccoreport.com/gold-mining…
http://www.investingdaily.com/22312/d…
http://www.frankcurzio.com/284/
http://www.frankcurzio.com/is-it-time…
Tagged: Austrian economic, capitalism, commodites, commodities production cost, economic collapse, energy, federal reserve, Frank Curzio, free market, gold, gold manipulation, gold mining, hyperinfltation, inflation, Jason Burack, manipulation, oil prices collapse, silver, Wall St for Main St
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