Silver and Copper at Risk as Trump Pulls the Plug on Fiscal Aid Talks

If President-elect Donald Trump pulls the plug on fiscal aid talks with congressional Democrats and House Speaker Nancy Pelosi, the country is in for a surprise. Not only will a lot of us feel the pinch of higher gas prices and a slowdown in job growth, but silver and copper are also in danger. With the country already seeing a slowdown in job growth, silver mining is in danger of being hit too.

President-elect’s administration has signaled that it will not support a bill that includes silver mining. In fact, Treasury Secretary Jack Lew said this recently: “For us to be successful in the future we have got to make sure that silver and copper mining is profitable for everybody.” The secretary’s statement comes after Trump’s nominee to head the U.S. Environmental Protection Agency, Scott Pruitt, made headlines by saying that “coal mining is a major contributor to acid rain” and that “we’re putting our kids at risk” by allowing more greenhouse gases to enter the atmosphere.

President-elect’s EPA is the most important agency in the government and silver and copper mining could be a large source of profits in the near future. But as the government starts to relax its rules and regulations, the cost of silver and copper mining could skyrocket in the future. So, how do we protect our precious metals?

Since the United States is on the brink of a financial crisis, silver and copper are considered “safe” investments. It doesn’t matter what happens to the stock market or the housing market. Gold is worthless right now and there is no guarantee that stocks or housing values will rebound in a way that helps homeowners and the economy. And while we are in the midst of one of the most severe recessions in the past several years, the unemployment rate has been going down, not up.

Even if a recession were to last a few years, the effects on the economy won’t last much longer than the economic recovery. There would still be job openings and the economy would continue to recover even during a period of slow growth and low unemployment.

If you think that the government isn’t going to provide help in the form of subsidies for silver and copper mining companies, don’t hold your breath. President-elect and the new administration are looking at this option very seriously. The administration may not have a lot of options left to help the country out in this time of need, but if they do give silver and copper mining a boost, they may well be surprised.

If the economic recovery and job growth stall or slow, the silver and copper mining industry will suffer greatly. Many of America’s biggest mining companies have announced major layoffs already. That doesn’t bode well for the future. For that reason, silver and copper mining should continue to prosper – but only if the United States continues to allow free market capitalism.

In order for silver and copper mining to flourish, it must be allowed to thrive. By regulating it into oblivion and forcing it to compete with other markets, it will not survive. It can only hurt American miners, consumers and American industry overall.

President-elect Trump has done a great job keeping his campaign promises and I am sure he will continue to do so with silver and copper mining. once his new administration takes office. Let’s hope that silver and copper mining is one area where it will be willing to work with the new administration. to create jobs in America.

As for silver and copper mining, if you’re currently a mining company or a small company looking to expand into mining, there are a few things that you can do. Look into buying silver mining stocks from an established company who’s currently growing and expanding their production. Look into gold mining shares to expand your business or find new markets for your silver and copper mining equipment.

Hopefully the silver and copper mining industry can find a way to thrive in the future and grow and prosper with the policies of the current administration. Just remember, if you are thinking about investing in silver and copper and you’re not an established company, the future may not look quite so bright.