The truth, in regards to the world’s mineral resources, is that we in the western developed countries are not in control of supply. There are many serious concerns in regards to global resource extraction that we need to consider.
While it might not look like it now, the most investable trend over the next 20 years is going to be in the resource sector, the renewable and non-renewable resources, the minerals, ores, fossil fuels and biomass.
According to recent estimates from PricewaterhouseCoopers (PwC), global automobile production in 2012 will hit an all time high. This means auto makers will require roughly 6.2 million ounces of palladium this year, double what they used a decade ago.
It's a fact in the mining world that most discoveries are made by a) junior mining companies and b) old time individual prospectors. Why are the juniors so successful at making discoveries and finding mines?
The FOMC transcripts only give us a small glimpse of what is really happening in secret at the Fed but from just scratching the surface one can be justified in extrapolating that it is hiding a web of corruption, lies and deceit.
Accessing a sustainable, and secure, supply of raw materials is going to become the number one priority for all countries. First rights of access to internally produced commodities and such privileged access from other countries will be sought.