Jack Lifton shares his vision for a world where centralized modern processing could make it possible for mining companies in the United States, Europe and Australia to start producing truly critical materials with small capex.
When Dr. Alan Greenspan became chairman of the Federal Reserve, he moved from the world of rhetorical economics to the world of action. His most recent memoir attempts to make sense of how the financial crisis of 2008 came to be and how we can better predict future crises, along with the role of gold in a global monetary system.
The road since the end of apartheid in 1994 has not been a smooth one, but in the two decades that followed, it has been characterized by foreign investment and considerable optimism across all sections of society.
There are real supply concerns for Platinum Group Metals or PGMs as laborers continue to protest for higher pay in South Africa. Laborers may demand a large pay increase while the South African producers are unable to stay profitable.
The biggest new source for platinum group metals just might be what Jack Lifton calls "the rubber tire mine." Removing the catalytic converter from a car's emission system produces a rate of return that rivals the production rates of the South African platinum giants.
While the potential for higher gold prices is compelling, the decline in the number of discoveries and grades of resources makes mining stock selection intriguing. Niehuser has scoped out jurisdictions and finds the stars are aligning to put Nevada on top.
Platinum is still 20% below pre-credit crisis highs while gold and silver is approximately 80% higher. This deviation from historical means will not last forever.
Platinum has been significantly overlooked and undervalued.
It is a deal with the devil: Governments churn out more and more cash for the promise of continued prosperity. But the day of reckoning is near, according to the chairman of Casey Research and an expert on crisis investing.