Silver And Copper To Benefit From Global Electrification Push

Precious metals markets are making modest advances in this final trading week of May. U.S. markets will be closed on Monday in observance of Memorial Day.

During the extended weekend, millions more Americans compared to last year are expected to hit the roads for travel. They will be confronted with pain at the pump as gasoline prices have risen to over $3.00 per gallon in most parts of the country.

Silver, Bars, 5000 Grams, Real Value

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Other signs of a serious inflation problem are building following the massive cash injections into the economy by the Federal Reserve and the Joe Biden administration.

Former President Donald Trump weighed in on America’s current inflation and energy predicament in a recent interview with Newsmax.

Donald Trump: And the lumber's gone through the roof. The lumber, I guess as much as anything, but everything. Steel. You look at what's going on with pricing. And obviously, you're going to have inflation. Gasoline is going to stop at $6, $7, I think, based on what I'm seeing. We were energy independent when I left. And right now, I would have to say, we are no longer energy independent. We're putting windmills all over the place, which cost a fortune. Which by the way, if you're a believer in the carbon footprint and all of the other things, when they make these windmills, which are all made in China and Germany, by the way. They're all made in China, Germany, we don't do them here. They put them together. We put them together here. We don't make them here. What goes into the air when they make them is more than anything that can ever be saved.

Whether Trump’s gas price forecast comes true remains to be seen, but he has a point about so-called green energy. The amounts of metals and other materials that go into things like wind turbines and solar panels is enormous. Not to mention the vast amount of land they take up or the mountains of waste they generate when they have to be torn down and replaced every 25 years or so.

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Disclaimer: Information contained herein has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy. Because individual investment ...

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Alex Johnson 3 weeks ago Contributor's comment

What about Lithium?