There’s No Free Lunch on the Periodic Table

The Predecessor: Venezuela

Venezuelan president Hugo Chavez was the “Alpha” of this particular wave of South American socialism. His successor, the incumbent Nicolas Maduro (the Delta?), has managed to destroy what’s left of the country’s once-profitable oil industry.

Government Policy Is a Precursor to Change

What I know for certain is that Boric’s election has the potential to be highly inflationary. Let’s say he succeeds in shutting down every last copper and lithium project. Overnight, that would significantly raise not only the price of the metals themselves but also the value of U.S. and Canadian producers that mine them.

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Frank Holmes

Frank Holmes

Frank Holmes is the CEO and chief investment officer of U.S. Global Investors, an innovative investment manager with vast experience in global markets.