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Posted on 11/19/2025 1:05:15 PM PST by Red Badger
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After the U.S. finds rare earth materials in Alaska, China has to one up us. Propaganda!!!
> China has hit the jackpot, once again… <
Permit me to offer a slight correction:
China says it has hit the jackpot, once again…
Those ChiComs, they’re a fun bunch. But they just can’t help lying.
A drop in the bucket compared to their economic cluster-****.
CC
0.56 grams per ton is quite low grade. It could only be done with a huge open pit.
China has zero permitting or environmental regulation delays, so in that regard, they are cheaper than the West.
On the other hand, this is the standard PR promotion and financing game miners all over the world play: “look at these massive amounts in the ground! Give me $1 billion to build a mine!”
You’ll hear more stories like this as we head into 2026.
We’ve hit a peak on inflationary pricing and the beneficiaries of the mark up want to continue their runup.
It’s about keeping the status quo economics of the last 50 to 60 years going, against demographics that aren’t going to cooperate.
To simplify.
One older group has the money and assets for the most part, while the younger group is eating high prices for assets and services.
Right now, we’re in the incremental stage of change, but when an economic dam breaks, change happens rather quickly.
This sentence makes no sense:
“...The East Asian giant is already the world’s biggest producer of gold,
just behind Russia and Australia...”
I worked for 3 months at a gold/cooper mine in Indonesia. The site was so remote that they only transported the highest grade ore off of the island.
A geologist told me that the waste piles contained enough gold and copper to make a pretty good mine if it was in the USA.
I suspect China may have a similar problem if the site is remote enough. Such a low grade may not be worth it. For now.
Ain’t worth Nuthin until it is out of the ground and poured into bars. Nuthin...
The difference is that China will be able to mine their gold. The US will be in court for decades fighting among ourselves before we can hope to dig a single shovelful.
This may be nothing more than China “reporting” gold it has in its hands, outside of the previously declared holdings.
Consider anybody that has the wherewithal to discover the world’s oceans, will have found 30,000 metric tons of gold.
2 - 30 TON DUMP TRUCKS.
The run off polution from this site is going to be a huge environmental disaster for centuries. It’s China, they don’t G.A.S.
Bkmk
0.56 grams per ton is quite low grade.
///////
When prices were 2000@ acre foot .56 grams per ton was uneconomic all over world. But there is a huge amount of gold at 0.56 grams per ton in places like Nevada and in the gold belt north of Perth,AU, that has suddenly become economic to mine. In some places in the AU gold belt there is just square miles of that low grade ore.
The price of gold at this time is about $131 per gram. To make a profit, they have to process the ore at less than $73 per ton.
The cost to extract and process an ore is extremely variable depending on site, rock type, and process used to extract the gold.
Is this deposit economically viable? Too many unknown variables to determine.
Thank you for your information.
It is timely.
I knew back in 2019 that gold sometime in the future was headed for a 70’s ‘70s-style price escalation. But I didn’t know the timing. I’m a great researcher but a terrible investor and trader. Constant buying high and selling low of small caps wiped me out.
Timing is everything.
I put my money in Index funds on the premise that if the USA goes bust, nothing will be safe.
I have a small amount invested in the semi-precious metals of lead, copper, and brass, put together in certain ways.
Cartridges hold intrinsic value in difficult times.
It’s why the USA needs Greenland, Northwest Territory, British Columbia, Yukon. Manitoba, Saskatchewan, and Alberta.!!!!!!!
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