Assessments metal prices now and in the future
The year is 2100 and high amounts of metals were extracted from the crust and which are necessary, but deep space is the only source. Cities, roads, agricultural land value, parks and woods are built or maintained, if possible, high-grade minerals are, there will be expanded to accommodate our need for metals? All landfill sites have been found and metals extracted from them! It is super rationing and high prices for metals to be a pillar if humans leave the Earth with our resources? There will be a range of metals giving life to another planet? This is the value of a metal on the rise of the earth, if someone leaves the Earth with a part of it? If I said these scenarios happen, maybe now would be a good time to start collecting metal, which will be valuable in the future, especially if you are not rich today, but I’ll leave something for your grandchildren / relatives.
At this time is usually a metal price of supply and demand. There is a fix for the gold price in London, for some other metals, firms set prices based on the average price of competitors, the other (LME, CME, etc.) .. I like Mo is super cheap right now ($ 1 per ounce) and I think it is Prince Charming in the near future and far.
What happens when metal prices were based on what was available on Earth? Now imagine that the future is now, and all the metals were extracted from the crust. This means that, when, how, when he was pulled out and how difficult it is to separate the price is no longer interested. We speak of all the metal that was in the crust. Now is extracted and recycled from old cars, dumps, etc. aging infrastructure. I just think that life support would be metal in my collection of metal. If this scenario ever occurs, and it will be if the population is growing and this means more infrastructure, recreation, transport, etc. .. Would be good to get a good start at this time on the possession of valuable metals.
In this list to come, I am referring to the relationship between prices of metals that is happening right now.
Iridium is the rarest of 0,001 ppm in the earth’s crust, the cost is $ 1050/ounce. Gold has to 0.004 ppm in the earth’s crust, the cost is $ 1500/ounce. Iridium is 4 times less abundant than gold and is expected to cost $ 6000/ounce. Reno and ‘about the same abundance as the gold on earth, but it costs only $ 120/ounce. These prices are approximate, and my point is that the metals are sold on hype and what we value, but should be priced according to the availability of the Earth and perhaps one day will come.
If you consider the life-giving elements (transition metals) for prices, molybdenum is 56,000 times more rare than iron and it only costs 65 times more. Molybdenum is 60 times rarer than copper and costs only 4 times. Molybdenum is 25 times rarer than Cobalt and costs the same. Molybdenum is 70 times rarer than zinc and costs only 18 times. Molybdenum is 84 times rarer than nickel and only costs twice as much. Molybdenum is 950 times more rare than the cost of manganese and only 30 times. These prices are incredible and if you think that they do not matter, could be wrong. Only a miracle that the most important metal (molybdenum) is the least expensive is if you look at the ratio of abundance / cost.
Watch the monarchy, the Vatican, the billionaires and the central banks, which have retained the gold. If you look at it in percentage terms, 99.9% of gold supply had already bought, and when we buy one ounce or 100 grams, we still have a small amount for them, they will remain rich and poor will remain, the ‘purchase of gold is an absolute way of comparison for the rich and leave forever. The common people buy into this “crisis of investment” and “hedge against inflation” scenario for hundreds of years and gives only a bastion of gold. Why not build a different metal and much more useful, eg, molybdenum. As always do your own research. People of due diligence.
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Tags: agricultural land, metal price, metals