kdnxdr
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Disclaimer: I am one of the most ignorant people on earth. But, I do have a question.
Recently, I was perusing a magazine in the doc-office, I think it was Science Discovery or something like that, and I came across a very interesting article on rare and precious metals - I think it was about the most important/critical 7.
Several things really stood out to me:
1) We cannot have modern technology/industry without these metals.
2) They are QUITE costly and so rare that they are mostly controlled by one entity/country/government
3) Most of them seemed to be controlled by China.
4) I believe it was in the 90's when China drove the cost of Platinum up to over $1,000 an ounce (can you wrap your head around that?) that thieves who were stealing catalytic converters to harvest platinum were getting up to $10.000 an ounce because there is some very critical technology that absolutely cannot exist without the platinum (I think they said the LCD - flat screen tv's which if you don't have a certain type of television now, you will not be able to receive digital communications which all communications is definately going to become. A forced market with highly controlled necessary resources. Yikes! It seems there quite a few things politically/economically synchronize with the control of these precious/rare metals.
5) Once again, we are at the mercy of China in economic trade.
It was this month's issue of the magazine and I highly recommend everyone to read the article which is actually just an overview and brief, but powerful when you think of all it's implications.
Oh yeah, after thinking about it....it seems to me that oil is just another "wag the dog".
The question is: What do you think about the affect of precious/rare metals on the political/economic world climate?
Recently, I was perusing a magazine in the doc-office, I think it was Science Discovery or something like that, and I came across a very interesting article on rare and precious metals - I think it was about the most important/critical 7.
Several things really stood out to me:
1) We cannot have modern technology/industry without these metals.
2) They are QUITE costly and so rare that they are mostly controlled by one entity/country/government
3) Most of them seemed to be controlled by China.
4) I believe it was in the 90's when China drove the cost of Platinum up to over $1,000 an ounce (can you wrap your head around that?) that thieves who were stealing catalytic converters to harvest platinum were getting up to $10.000 an ounce because there is some very critical technology that absolutely cannot exist without the platinum (I think they said the LCD - flat screen tv's which if you don't have a certain type of television now, you will not be able to receive digital communications which all communications is definately going to become. A forced market with highly controlled necessary resources. Yikes! It seems there quite a few things politically/economically synchronize with the control of these precious/rare metals.
5) Once again, we are at the mercy of China in economic trade.
It was this month's issue of the magazine and I highly recommend everyone to read the article which is actually just an overview and brief, but powerful when you think of all it's implications.
Oh yeah, after thinking about it....it seems to me that oil is just another "wag the dog".
The question is: What do you think about the affect of precious/rare metals on the political/economic world climate?
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