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When Will It All Run Out? -- Zero Hedge
Nothing lasts forever (except central bank dovishness) in the real world. Here is an interpretation of when the world will run out of each metal or energy source...
As Visual Capitalist notes,
There is a limited supply of these commodities – and if there are no discoveries, no price changes, and no changes in consumption, we are running out relatively soon. In my opinion, there are two caveats that are always worth considering when looking at something like this.
1. “Reserves” are an engineering number that are based on economic viability. Technically speaking, there are small concentrations of gold everywhere. It is just not usually viable to mine 0.1 g/t gold. When we will “run out” of each mineral in this chart is based on current reserves and prices. If the gold price doubles, then suddenly it is economic to mine more.
2. This chart is a reminder that something has to give. Either prices are going to have to go up, or new amazing discoveries have to be made to keep prices down. It’s basic economics, and either way it seems that there are many opportunities in the mining industry for investors and speculators on both fronts.
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3 comments:
I like this guy, but this is about the sixth time in the last forty years I've seen a chart like this. Of course we'll eventually run out of things, but twenty years from now we'll be worrying about completely different things running out. The only truly renewable resource we have is know it all dumb asses. We seem to find a whole new concentration of them every twenty five years.
The 1st time I saw gold used in electronics was in a Texas Instruments plant in south America back in in the 1970s. The gold was used to make the connection from the chip to the circuit board in calculators.
Where I live and assume in most of America it is illegal to throw electronics into the trash. they are now taken to a drop off point, where they are recycled.
So my question is did the author of the study take into account reclamation?
There are no resources.
Oil, ore and everything else that they use to call a natural resource is not.
The only resource is the human mind.
As much as I hate the term HR instead of Personnel department, there is a little something to that. I hate thinking that "ruling class" people will try to make us into cogs. I like personnel better because one of it s cognates is Personal.
Take sand. Sand is just sand. It is irritating and gets where it should get when you go to the beach.
Yet people ave tuned it into glass and silicon. Before it was nothing.
The only way to get the most out of the human mind is to treat people well. Which means dictators are idiots and those with velvet gloves are not much better.
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