You go back in history for hundreds of years, silver has always been associated with populist movements. And so the market today is focused on the Hunt brothers cornering of the silver market as the historical analog. We think the appropriate historical analog is actually William Jennings Bryan’s “Cross of Gold” speech where essentially he argues that the government and the banks were suppressing inflation and economic potential. It was just similar to the rhetoric that the WallStreetBets group was advocating.
February 07, 2021