Investors Should Be 'Careful What They Wish For' When it Comes to $100 Silver
Manage episode 357249542 series 3378373
"Not many are falling into the silver space. The industry really hasn't recovered since 2012," says Peter Megaw, co-founder of MAG Silver. "We use Archie's Rule as a metric on a regular basis and if it doesn't make Archie happy we move on," he tells Daniela Cambone at GSA Investor Day 2023. "There are geologic ways you can narrow your search parameters once you identify where you want to be exploring you can locate big deposits," Megaw explains. "Silver is different than gold because silver gets used, and it gets used in ways that can't be recovered," he continues. "A lot of the silver that's ever been found is gone and every piece of gold is still around," Megaw states. "Over time, we need a lot more silver. The metal is scarce," he warns. Megaw concludes that investors should, "be careful what you wish for when it comes to a $50 or $100 silver price," because it would have dire implications on the rest of the economy.