Jeff Clark: The Real Crash and How to Hedge with Triple-Digit Silver
Tom welcomes a new guest to Palisade, Jeff Clark, who is the Senior Precious Metals Analyst at GoldSilver.com.
Jeff discusses what led him to become interested in mining and metals. He worked and learned from Louis James and Doug Casey and now works with Mike Maloney.
Jeff cautions that investors should be skeptical of mining companies’ claims because they will always place their best foot forward.
Both Jeff and Mike believe there will be a wealth transfer from fiat-backed assets to precious metals. This will overshoot, and that will be the time to pull profits and purchase other discounted assets.
We could see triple-digit silver since it’s a small market and quite volatile. It doesn’t take a lot of cash inflows to impact the price. Silver today is valued at $68 billion in above-ground physical metal in coins and bars. Compared to the global markets, silver is just a drop in a swimming pool.
Jeff discusses the silver mining situation today and the increasingly severe lack of new growth in the industry. Investors should consider that it usually takes ten years to bring a new mine online.
He feels the risk of confiscation is lower today than in the past because gold and silver are no longer part of the monetary base, but it remains a possibility.
Talking Points From This Episode
- A global wealth transfer is coming.
- Triple digits silver is a concerning possibility.
- Silver remains a small market compared to fiat.
- Lack of new mines, shortages, and the likelihood of future confiscation.
Time Stamp References:
0:40 – What led Jeff to metals.
4:25 – Real estate vs. gold/silver.
9:40 – Is triple digit silver coming?
12:00 – Understanding the size of the silver market.
17:00 – Mine supply for silver reamins in decline.
21:30 – Time to bring new mines online.
24:00 – Leverage via the miners.
27:30 – Volatility with silver.
31:00 – Risk of confiscation.
32:50 – Selling when the time comes.
Jeff Clark is Senior Precious Metals Analyst at GoldSilver.com. He is an accomplished analyst, author, and speaker, and a globally recognized authority on precious metals. The son of an award-winning gold panner with family-owned mining claims in California, Arizona, and Nevada, Jeff, has deep roots in the industry. An active investor, with a love of writing, Jeff eventually became a mining industry analyst, including ten years as senior editor for the world-renowned publication BIG GOLD. Jeff has been a regular conference speaker, including at Cambridge House and Sprott Resources events, the Silver Summit, and many others. He currently serves on the board at Strategic Wealth Preservation, a bullion storage facility in Grand Cayman, and provides analysis and market commentary for GoldSilver.com. Jeff’s previous positions include Senior Precious Metals Analyst for Hard Assets Alliance and before that was a Senior Editor for Casey Research.