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Copper is seeing massive inflation right now. Retail prices are not as yet, and perhaps they won't, but if they see too much interest rates will rise and the fr
by grey-area 6y ago
Copper is seeing massive inflation right now. Retail prices are not as yet, and perhaps they won't, but if they see too much interest rates will rise and the free money spigot will be turned off.
- mbesto 6y ago> Copper is seeing massive inflation right now. An asset that isn't used as a medium of exchange does not have the characteristic of inflation. An asset can have an inflated price (in a currency) but the asset itself (in this case copper) cannot have inflation if its not used as a medium of exchange. The distinction is important.
- grey-area 6y agoHow would you best describe the price rises in copper and copper miners? Just copper prices are going up right now?
- mensetmanusman 6y agoCopper is needed to move electricity