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Coconut Butterz

United States

Member since May 29, 2013


  • http://coconutbutterz.deviantart.com/art/TANA-Goldfields-United-Kingdom-375821722

    The world's economy is in tatters and safe havens are few and far between, says legendary contrarian Marc Faber. The banking crisis in Cyprus has shown that even bank deposits are not safe. The publisher of the Doom, Boom and Gloom newsletter, surveying the world from his perch in Hong Kong, discusses the impact of unemployment in Europe, the economic slowdown in China, asset bubbles and the turnaround prospects for precious metals miners. Faber also reveals his investment strategy for these volatile times in this interview with The Gold Report. The Gold Report: Marc, I recently interviewed James Turk who said that Europe is in a banking crisis, but that some countries are in worse shape than others. Are things on the continent as bad as they seem to be from the headlines in the U.S.?

    Marc Faber: Unemployment is high in both Europe and the U.S., particularly for young people. One reason for the high unemployment rate is that it is very difficult to find highly specialized workers for industry. Perhaps that's due to more university students studying non-user-friendly subjects, such as philosophy. The Western world is lacking in well-trained workers who can handle industrial machines that cost $10–20 million ($10–20M). But if I need a clerical assistant for financial services, I can find hundreds and hundreds of applicants.

    Swiss-born Marc Faber, who at age 24 earned his Ph.D. in economics ...

  • TANA Goldfields United Kingdom Extreme extraction

    Environment, Environmental Design

    [TANA Goldfields United Kingdom Extreme extraction | Chirpstory (http://chirpstory.com/li/82059)

    The increasing price of precious metals has prompted mineral prospectors to consider unusual places. Jon Evans looks into the future of mining. Mining is already a reasonably extreme activity, moving and processing large quantities of material in often unpleasant and hazardous conditions. But imagine how much more extreme it would be to mine at the bottom of the ocean or on asteroids in the depths of space. That is exactly what a few pioneering companies are planning to do.

    The impetus for these extreme forms of mining is the recent dramatic rises in the price of many metals, driven by dwindling supplies from conventional land-based sources and by large increases in demand outstripping available supply. This is the case for bulk metals such as copper, nickel and cobalt, precious metals such as gold and platinum, and the so-called rare earth elements such as lanthanum and neodymium that are used in many modern technologies.

    Since 2000, the price of copper has quadrupled and the price of platinum has tripled. The rare earth elements have collectively increased in price by a factor of 20 since 2005. This all means that potential sources of these metals that were previously dismissed as too far-fetched, such as the ocean floor and asteroids, have now become economically viable – at least theoretically.

    Indeed, the mineral resources potentially available on the ocean floor and i...

Coconut Butterz

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My Interests

  • Industrial Design
  • Environmental Design
  • Communication Design
  • Fashion Design
  • Audio/Visual Design