Previously, underwater mining was too expensive and beyond our technologies to see to fruition. But recent advances in robotics, underwater drilling, computer mapping, and record high commodity prices now make underwater mining an attractive possibility.
The chief editor and founder of The Dollar Vigilante and avowed anarchist, holds precious metals for safety and holds their equities for profits. He counsels geopolitical diversity and paying close attention to precious metal stocks.
Gold and, particularly, silver are higher in European trading, especially in Japanese yen, which has come under pressure again today. The initial "repatriation funds" yen rally in the days after the natural and nuclear disaster has abated.