#LME #copper #backwardation #contango #dollar #gold #silver #commodities #futures #spotprice #supply #shortages
Today Rafi Farber and I go over the situation in the copper market and specifically the LME or London Metals Exchange.
We talk about how the backwardation in copper is not an isolated event and how many other commodities have been in backwardation since 2020.
Our conclusion is that permanent backwardation in the precious metals and in particular gold will be the death knell of the fiat dollar system.
SUPPORT MANECO64:
Use promo code maneco64 to get a 0.5% discount on physical gold and silver bullion purchases at https://www.goldinvestments.co.uk/
GlintPay App, Save and Spend in Gold - Use referral code MarioGlint79
https://glintpay.com/
Teespring Store: https://teespring.com/en-GB/stores/maneco64
https://www.paypal.me/maneco64
https://www.patreon.com/maneco64
Thanks again for keeping us updated and educated, with the Maneco64 - @maneco64 Report. Thanks for sharing your work, Rafi Farber. Yes, US Five Cents ($0.05), "Nickels," today, have a $0.064 metal content value. And, current, US Cents, 97.5% zinc, 2.5% copper, ($0.01) is at $0.096. 1981 & older, US Copper cent/penny (95% copper), up to a whopping $0.0312. All abundant in common, everyday, US pocket change.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit