Amid a rising US dollar, precious and base metals have suffered, owing to investment focusing elsewhere; however, this will not last, says TSX Venture-listed Broadway Gold Mining CEO Thomas Smeenk, whose junior mining company explores for silver, gold and copper in south-western Montana.
He tells Mining Weekly Online that the US government’s increasing deficit spending requires it to print more fiat money, which lowers each dollar’s purchasing power while it increases the debt, with higher inflation an eventual result.