highroller4321 wrote:68Camaro wrote:Duuno but we hit peak silver 2 years ago, not what they guessed in 2013.
I think the production numbers are the most interesting.
I skimmed it a bit more completely and while still skimming (a detailed review would have to dig into each model and how they were applied and interacted) it appears to be a very complete attempt to model the extremely complex interactions underway. I believe their long-term trend results are right on the mark. I was overly critical of their miss for peak silver, because the models can't be that accurate on the time scale. They are having to estimate a lot of the inputs, and world events can create a short-term difference between model and real life, but I think the message and trend is solid. (And matches the intuition of many long-term market followers.) If a human lifetime was 300 years and I was still young now, I would be personally very concerned about the results showing that we're running out of key minerals early in my mid-life. This is about the world 7, 10, 30, 50 years from now. The world in 2100 is going to be very different from the world we're in now.
I may not benefit due to my stock from the eventual shortages to come, but my children hopefully will (they have been conditioned to not sell unless it is a life emergency - hopefully that will stick with them after I"m gone).
This type of modeling easily explains why JPM might actually be looking at the long-game themselves. If they have come to believe this type of modeling (or perhaps have even refined it further in private data and even more sophisticated models - and maybe they are seeing a crisis point coming even sooner), then what Ted Butler alleges might be true, and would explain why they have accumulated a massive physical stockpile.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
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