(USAGOLD – 5/15/2023) –
Researchers Tom Brady and Chantelle Schieven believe that we are headed for the boom stage of a new commodity supercycle that could last 10 to 20 years. History shows that gold and silver have participated in those booms in the past – with particularly strong results since 1971. “Over the longer term,” they write, “we are very bullish on industrial metals as well as silver and gold.” The following is excerpted from their well-documentd essay posted recently at The Alchemist:
“For example, the current population of Kinshasa in the Democratic Republic of Congo is ~17 million people. The United Nations forecasts the population to more than double to 35 million by 2050. By 2100, this city is expected to be the largest in the world, with a population of nearly 85 million. When one contemplates the necessary increase in infrastructure requiring industrial metals (most of which are already supply-constrained), prices will significantly trend upward. If trends over the two most recent metals super cycles continue, the outlook seems favourable for both silver and gold prices, as well.”
