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Copper Catcher
Administrator
USA
2092 Posts |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 04/11/2009 : 13:12:14
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| Without even taking a look at the sites, I am assuming that predictions so dire are predicated on none of the metals being recycled or re-used. Also, it says "economically workable deposits", but if there is a shortage, more remote sites will suddenly become "economically workable" since the price will be higher - kind of like how the oil-sands in Canada are not profitable today, but will be if oil prices rise higher. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 04/11/2009 : 13:14:15
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| The site also says that we will run out of coal in 2158, yet being from West Virginia originally, I remember being told by industry people that we have something like 400 years worth of coal left. I am assuming that in 400 years we'll have super-awesome solar and nuclear power and won't need coal anyway. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 04/11/2009 : 16:02:41
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First rule:
Don't believe everything you read!
Do research and develop your own conclusion(s).
Second rule:
Don't forget you could be wrong. |
There's profit if you melt things!!
8{> |
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psi
Penny Collector Member
Canada
399 Posts |
 Posted - 04/11/2009 : 16:36:33
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Luckily the landfills are rich with deposits of all kinds of metals and other goodies.  |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 04/11/2009 : 18:51:50
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quote:
Originally posted by AGgressive Metal
Without even taking a look at the sites, I am assuming that predictions so dire are predicated on none of the metals being recycled or re-used. Also, it says "economically workable deposits", but if there is a shortage, more remote sites will suddenly become "economically workable" since the price will be higher - kind of like how the oil-sands in Canada are not profitable today, but will be if oil prices rise higher.
A lot of metals get used and cant be recyled. This happends a lot with silver |
Copper Penny Investing
www.portlandmint.com |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 04/11/2009 : 20:42:46
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| I think "known" is the key word in those predictions. But even so I don't think anyone really knows how much of what is around and there is much disagreement among the experts. Prices of the metals are based on demand and what's in the warehouses, not what is in the ground. As metal prices grow so will the use of mines or reserves that are now unprofitable to work. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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chant1970
Penny Sorter Member
USA
37 Posts |
Posted - 04/11/2009 : 20:51:09
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I thought that silver was no longer economically workable, and is mostly produced as a byproduct of copper mining.
A friend from an unrelated forum is fond of the following Davy Barry quote…
“Of course, the Internet also tells us that hot naked women want to befriend us, so we can't be 100% sure about everything we read there.”
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 04/11/2009 : 21:26:28
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| Yes, most silver is produced as a by -product of copper and other mining. But even so there still are huge deposits of silver in the ground mix in with the other metals |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
Posted - 04/11/2009 : 22:27:14
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"...depletion based on production rates taken from June 2008..."
This is when production rates were very high. The reclaiming of scrap will help to meet future demand and prices will increase supply possibilities.
Even if a new mine were found. The time it would take to open it is usually longer than 5 years.
There is some truth to the claims being made, but a conclusion that the world will be completely out of these metals just isn't correct. It doesn't dissappear, it just changes forms.
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goto the new and improved realcent: http://realcent.org |
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 04/12/2009 : 07:17:31
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As technology advances you have to think that Landfill Mining
You must be logged in to see this link. will eventually catch on to grab all the metal we previously tossed. But it looks like we are a long way off before this becomes profitable. |
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keys
Penny Collector Member
383 Posts |
Posted - 04/12/2009 : 19:31:02
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This has been raised before (indirectly) by Ted Butler
You must be logged in to see this link.
It is figured that there are/were 200+ years for platinum/palladium reserves before the world runs out (not including recycling old catalytic converters)
Copper has another 33 to 67 years reserves (again, not including recycling) Nickel another 44 to 100 years.
The trouble with all of these predictions of how much metal exists is nobody knows who has what mineral wise or how easy or hard it is to extract mineral wealth.
There are large areas of mineral wealth in the US and around the world that are not being utilized because the price is too low to make it worthwhile, individual nations don't want to tell anyone what they have to prevent illegal mining, the exact amount of any given metal available for consumption is unknown (How much is in junkyards for nickel and copper, how much gold and silver is hidden away by nations for strategic stockpiles, how much gold and silver would come out of the woodwork if the
price went up, especially overseas, etc.)
A form of mining not considered-
Underwater mining.
You must be logged in to see this link.
(The underwater mining news listed is a bit old, but the South Africans have been mining diamonds underwater for some time so the technology does exist.)
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I change with the times-
but like silver coins found in your change
I stay the same.
*****************
The United States of America started out as the new Republic of Rome.
Will The United States of America end up as the New Imperial Rome? |
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 04/12/2009 : 20:15:30
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We are supposed to be out of oil by now as well. I believe that we won't run out of any of them.
We can did deeper, recycle more, or find alternate materials if one metal becomes truely scarce. |
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Fact or Fiction?? Not Sure?? What Say You?
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