Eric Sprott: The Government Lied… There is No More Silver!

Posted on 24th February 2011 by Trevor Reynolds in Uncategorized

1 Comments
  1. carlo says:

    Molybdenum the new Gold ! 9 reasons why :

    #1 An investment will and should be in a precious metal needed for life to occur, plants and animals need Molybdenum to live. Gold does not support life. There is nothing more fundamental or basic than an element. We need elements to build or grow anything. We need Molybdenum (an element) to grow any plant or life form.
    #2 Molybdenum has the lowest abundance of the life giving elements in the Earth’s crust (other than industry useless Selenium) at 1 ppm (0.0001%).
    #3 Molybdenum has the 6th highest melting point of all the elements, and by far the highest melting point (4753 degrees fahrenheit) of all the metals needed for life.
    #4 If I were leaving Earth forever, I would build the ship out of Molybdenum and grow hydroponic plants which need Molybdenum to survive.
    #5 China has high rates of esophageal cancer because of low Molybdenum amounts in their soil . To fertilize farmland you need 1 Pound of Molybdenum per acre (International Molybdenum Association) , on a yearly basis. There are 2.2 billion acres of farmland in the U.S.A., which clearly means there is not enough Molybdenum for everyone.
    #6 Nuclear power is not leaving, nor are oil and gas pipelines. Nuclear power plants need high Molybdenum content stainless steel because it will not corrode easily. Salty ocean water is very corrosive to the water cooling pipes. All nuclear power plants are near large bodies of water and need water for cooling the reactors. Molybdenum also greatly enhances steel strength.
    LUCKY #7 CHINA IS CALLING MOLYBDENUM A NATIONAL RESOURCE AND IS LIMITING THE MINING OF MOLYBDENUM BECAUSE THEY KNOW IT IS MORE VALUABLE LEFT IN THEIR MINES AND IN THE GROUND, THEY WILL BUY EVERYONE ELSES AT LOW CHEAP PRICES NOW. THEY WILL IMPORT THIS METAL. THE BIG NEWS ON HOW MUCH THEY WILL LIMIT THE MINING OF MOLYBDENUM IS DUE TO COME OUT IN 2011.
    #8 The total yearly amount of Molybdenum mined and CONSUMED is 500 million pounds. What does that amount look like? Well its 150 meters x 150 meters x 1 meter high . That is not much at all! One huge project could consume this all.
    #9 ONE investor could buy the whole planets yearly Molybdenum production for $8 billion dollars (Jan 2011). In comparison to buy all the Gold that is available and that has ever been mined, it would cost you $7.4 trillion dollars (Jan 2011) to buy the 375 million pounds of useless bling!
    Carlo B (London, Ontario)

    24th February 2011 at 10:29 pm

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