For the record China installed 350 gw of wind and solar power and power in 2023. The equivalent of 120 nuclear power plants. Fifty percent of all automobiles sold in China are battery electric vehicles. China spends something like USD $350 billion a year on oil. So why wouldn’t they spend money to capture free sunlight and wind and make electricity. The oil price and maybe even the uranium price will not go up. Ole nailed this one. He is the only “analyst” actually making the connection between oil and the largest consumer who is the marginal buyer.
The only shining metal in 2024 so far is gold. Silver has a similar return yet it is a joke for the last 13 years. Grains red ass hell. Others (- single exceptions) bear or neutral at best.
Love this guest, no 🐂💩. Just the facts. Phys Sprott physical gold.
Love a bit of Ole!
Saxo market call is a good listen and Ole Hanson makes a regular appearance on the podcast
Thanks for this interview
For the record China installed 350 gw of wind and solar power and power in 2023. The equivalent of 120 nuclear power plants. Fifty percent of all automobiles sold in China are battery electric vehicles. China spends something like USD $350 billion a year on oil. So why wouldn’t they spend money to capture free sunlight and wind and make electricity.
The oil price and maybe even the uranium price will not go up. Ole nailed this one. He is the only “analyst” actually making the connection between oil and the largest consumer who is the marginal buyer.
Replacing nat gas with nuclear is a terrible idea. More debt and zero ROI.
Eric ****ed me again on URA 😢
The only shining metal in 2024 so far is gold. Silver has a similar return yet it is a joke for the last 13 years. Grains red ass hell. Others (- single exceptions) bear or neutral at best.