Tantalum

[sumisu]

The Alchemist's Nightmare

By Jack Lifton

25 Oct 2007 at 05:55 PM GMT-04:00

DETROIT (ResourceInvestor.com) -- Gold may indeed be considered to be a store of value, as the chart below of the price of gold in U.S. dollars over the last 7 years shows, when you compare gold’s price rise with the dollar’s fall against currencies such as the Canadian dollar.

The Canadian dollar, however, has its underlying value supported by the fact that Canada is a producer and net exporter of energy producing natural resources, such as oil, natural renewable resources, such as timber, primary natural resources such as the ores and refined metals and fabricated forms of exchange traded metals, such as iron, zinc, lead, nickel, cobalt and palladium as well as the ores, refined metals, and fabricated forms of non-exchange traded metals such as tungsten, cobalt, tantalum and uranium.

None of these materials are today exported as surplus by the U.S. and their production in the U.S. is actually diminishing as a percentage of known reserves.

This is due to the influence of organized environmentalism on the political arms of the U.S. government and the inability of and the disinterest within the American financial community in a rational debate on the future of the American economy as that economy trends towards total dependence on foreign natural resources.

The U.S. today does produce 2,500 tonnes of gold per year, which is about 10% of the world’s total new production annually. Below is a chart of the gold price from 2000 to today, showing a 160% gain.

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