Gold and What Moves it.
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Tracking all things that relate to and affect the price of gold.
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Glory Days, Made Again In America | Richard Mills | Safehaven.com

Glory Days, Made Again In America | Richard Mills | Safehaven.com | Gold and What Moves it. | Scoop.it
Real new wealth, and an economic superpower, are only created when a countries resources are used to manufacture goods to sell at home and abroad - when a countries natural resources are used to provide solid long term high paying jobs.

 

... America depends upon overseas suppliers for over 80 percent of its most important critical minerals.

 

"The United States is the world's third largest Copper producer, yet a 2010 MIT study by Elisa Alonso notes that the risk of Copper disruption is significantly greater than for other major metals, and is at or near an historical high. The Office of the Secretary of Defense lists Copper as a metal that has, "[Already] caused some kind of weapon production delay for the DoD." *Copper is also the primary metal for other strategic and critical metals highlighted in this report. Significant amounts of Molybdenum, Rhenium (nearly 75% of world's production), Tellurium and Selenium (95% of world's production) come from Copper mining and refining. Copper shortages will trigger companion shortages in these metals as well. We highlight this to further demonstrate the shortsightedness of targeting metals based entirely on stand-alone percentages." ~ The American Resources Policy Network report, "Assessing Risk: Critical Metals and National Security ...

Hal's insight:

This is a fascinating read to me. I don't think it'll happen though. We've a government set against such things and a segment of the population as well. Not only that but China holds us captive in a some ways.

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Charles Hugh Smith: Why Employment Is Dead in the Water

Charles Hugh Smith: Why Employment Is Dead in the Water | Gold and What Moves it. | Scoop.it

Employment is dead in the water because opportunities for organic expansion are few and the cost basis of doing business in the U.S. keeps rising.


Let's start by reviewing the basics of employment in the U.S. Courtesy of the St. Louis Federal Reserve, here is the non-institutional civilian population of the U.S. (Note that the Civilian Non-institutional Population With No Disability, 16 years and over (LNU00074593)--roughly speaking, the workforce of the nation-- is 215 million).
Here is the percentage of the population with some kind of job: note this could be self-employment that earns $1,000 a year or a job with 4 hours a week; recall that 38 million American workers earn less than $10,000 per year, 50 million earn less that $15,000 a year and 61 million earn less than $20,000 annually. All these numbers are drawn directly from Social Security Administration payroll data. ...
Hal's insight:

Click through for the full post and all the charts.

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