Posted on 02/26/2017 2:51:08 PM PST by blam
The US treasury is backed by the full faith and credit of nuclear weapons. Bitcoin ....is not.
Nice post.
No, you’re wrong.
Metals and mining so far busted above and BELOW... that you create gaps. In a fair and honest world, you’d be right. But we are NOT a fair world.
How long can you live without breathing? About 70 seconds.
Your typical company cannot survive a downturn that lasts 5 years. 2? ok, 3 maybe? But this massive spike up then smash down, stay down, destroyed people, societies and firms.
Why? I wonder.... and I think hard core left wing politics plays part in this, because it’s an example of how the coal industry was destroyed here. It’s corruption....
Where, after a total full on bust....do you think the assets wind up being owned by?
ticker = NAK
The Pebble Project is seeking to develop a globally significant deposit of copper, gold, molybdenum and silver into a modern mining operation. It is located on land that the State of Alaska secured during the Cook Inlet Land Exchange of 1974 — a three way land swap involving the federal government, the state and the Cook Inlet Region Inc. (CIRI), an Alaska native regional corporation. The State of Alaska secured land including what is now Pebble, explicitly for its mineral potential.
The Pebble deposit is one of the greatest stores of mineral wealth ever discovered. The current resource estimate includes 6.44 billion tonnes in the measured and indicated categories containing 57 billion lb copper, 70 million oz gold, 3.4 billion lb molybdenum and 344 million oz silver; and 4.46 billion tonnes in the inferred category, containing 24.5 billion lb copper, 37 million oz gold, 2.2 billion lb molybdenum and 170 million oz silver(1). Quantities of palladium and rhenium also occur in the deposit.
I don’t think nuclear weapons are more than a deterrent. FRNs are mainly backed by the CIA. Bitcoin is not backed by the CIA. Yet.
You’re a smart investor. No one every goes for the top or tries to get in at the exact bottom
there’s a lot of money to be made in between!!
Stainless uses Nickel and chrome. Copper is used in brass and bronze.
Prior planning prevents poor performance.
But I liked and still like copper. When I get back in the market I probably will go for some copper again. Silver is also something to consider. Gold is off my list because it tends to be emotion driven rather then reality driven.
I tend to be a very conservative investor with the occasional small speculative investment. Some turned out ok, some flopped. Over all I came out ahead.
Oh heck, I’ve bought bulk and haven’t needed anything for years. Except primers and powder occasionally, and the price and availability there is as good as it’s been in 8 years.
You really need to read up on the industry in the area I am refering to. You will find that, yes, the industry had to go through ups and downs and yes, some failed because of those cycles. But the copper industry in that area-the Keweenaw county, had that type of copper that could not be mined the traditional way-through proper mechanization.
So they moved to a lessor type of ore and yes again, the government moved in and they prevented them from sulfide mining. They are now starting back up and I wonder how they intend on getting it out. I think the Quincy Mine had one shaft that went down as far as a mile, if I remember right. So, I wonder if they intend on open pit mining, which would be the best way to get that stuff out. And you and I know how well that will go over with the eco freaks.
Take a look at the labor stats for that area. Very high unemployment and many on welfare. Matter of fact, the population has gone so far down that there are actually ghost towns up there. Calumet came within a hairs breath of becoming Michigans capitol, thats how wealthy the area once was. The UP built a good portion of America with its minerals. And in WW2 a good portion of Iron ore was supplied by UP mines for the war effort. Not no more.
Sad really.
OH and I forgot...UNIONS! If those companies would have treated their workers right they would not have had happened to them that happened. They unionized and away they went, downhill from there.
That was excellent B.
Soaring?
That was excellent B.
Consider that gem stolen for possible tag line use ;-)
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