On Jul 2, 11:31*pm, John Smith wrote:
On 7/2/2011 5:06 PM, Ed Huntress wrote:





"John *wrote in message
...
On 7/2/2011 12:15 PM, Ed Huntress wrote:

With whom? Each other? If they come out of their confusion, they'll
realize
that theirgoldis nearly useless, and of value only in certain very
limited
industries.

If you're holdinggold, you'd better hope they stay confused and a little
neurotic, or you're screwed. d8-)

Look, you are some type of damn fool.

Which type do you think?

If you don't think the rich have a good percentage of solid assets, you
are a complete moron ... which, you have already convinced me, you are!

I'm trying awfully hard to be polite to you, John, but you're making it
tough. I think that John is trying pretty hard, too.

It is the idiots like you who will be collecting welfare and food stamps
... however, I think you most likely are now! *You talk like a damn fool
who will soon be parted from their money ... if they had any ...

Regards,
JS

Ok, that does it. John, you're a clueless rube with a head full of mush, who
talks through his hat. You probably couldn't look up a fact if your life
depended on it.

It's people like you, and the Tea Party ignoramuses, who are threatening to
run the country into the gutter. You never bothered to learn ANY of the
things you're talking about, yet you're ready to call the people who have
spent a lifetime with it "dumb."

Here's a clue, rube: You don't know what money is. You don't know whygold
is no longer a practical basis for currency. You don't even know what our
GDP is, or what the trend is, or what percentage of adults actually have
jobs. It's high.

You think that our currency is going to collapse, but you wouldn't have the
vaguest idea about why that has never happened, even in worse circumstances,
and why it won't happen now.

You're hopeless. I was trying to pass along a few facts that you might find
surprising and interesting, and incorporate them into your thinking. But
you're immune to facts, just like the Tea Baggers, and you substitute
insults for taking the time to learn something. So you aren't worth the
time.

Go buygold, rant and rave, and try to keep your blood pressure under
control. You're not ready for this discussion. It's 'way over your head..

Show me a valid financial consultant who doesn't recommend you hold, at
a minimum, 25% of your assets ingold, they simply don't exist.

Mine said, "Put what you can't afford to lose ingold." *I put it all,
except what I need for running my operations for the next 3 years or so
... and, with my present income, that is probably more like 6 to 10,
even with increasing inflation, if inflation goes thought the roof, it
all goes up for grabs. *If the chinese can free themselves from our
manipulations over their needed oil, it could begin to happen that minute!

I am not saying that kind of commitment togoldis for everyone, but the
25% certainly IS!

Regards,
JS- Hide quoted text -

- Show quoted text -

Hmmm....I wonder how much gold they will suck up?

Maybe we will see the price of gold collapse...and Johnny will be
selling apples on the street.


TMT


http://www.m.yahoo.com/w/ynews/artic...=u s&.lang=en

Huge rare earth deposits found in Pacific: Japan experts
Reuters - Sun Jul 3rd, 2011 11:46 PM EDT


TOKYO (Reuters) - Vast deposits of rare earth minerals, crucial in
making high-tech electronics products, have been found on the floor of
the Pacific Ocean and can be readily extracted, Japanese scientists
said on Monday.



"The deposits have a heavy concentration of rare earths. Just one
square kilometer (0.4 square mile) of deposits will be able to provide
one-fifth of the current global annual consumption," said Yasuhiro
Kato, an associate professor of earth science at the University of
Tokyo.

The discovery was made by a team led by Kato and including researchers
from the Japan Agency for Marine-Earth Science and Technology.

They found the minerals in sea mud extracted from depths of 3,500 to
6,000 meters (11,500-20,000 ft) below the ocean surface at 78
locations. One-third of the sites yielded rich contents of rare earths
and the metal yttrium, Kato said in a telephone interview.

The deposits are in international waters in an area stretching east
and west of Hawaii, as well as east of Tahiti in French Polynesia, he
said.

He estimated rare earths contained in the deposits amounted to 80 to
100 billion metric tons, compared to global reserves currently
confirmed by the U.S. Geological Survey of just 110 million tonnes
that have been found mainly in China, Russia and other former Soviet
countries, and the United States.

Details of the discovery were published on Monday in the online
version of British journal Nature Geoscience.

The level of uranium and thorium -- radioactive ingredients that are
usually contained in such deposits that can pose environmental hazards
-- was found to be one-fifth of those in deposits on land, Kato said.

A chronic shortage of rare earths, vital for making a range of high-
technology electronics, magnets and batteries, has encouraged mining
projects for them in recent years.

China, which accounts for 97 percent of global rare earth supplies,
has been tightening trade in the strategic metals, sparking an
explosion in prices.

Japan, which accounts for a third of global demand, has been stung
badly, and has been looking to diversify its supply sources,
particularly of heavy rare earths such as dysprosium used in magnets.

Kato said the sea mud was especially rich in heavier rare earths such
as gadolinium, lutetium, terbium and dysprosium.

"These are used to manufacture flat-screen TVs, LED (light-emitting
diode) valves, and hybrid cars," he said.

Extracting the deposits requires pumping up material from the ocean
floor. "Sea mud can be brought up to ships and we can extract rare
earths right there using simple acid leaching," he said.

"Using diluted acid, the process is fast, and within a few hours we
can extract 80-90 percent of rare earths from the mud."

The team found that sites close to Hawaii and Tahiti were especially
rich in rare earths, he said.

He gave no estimate of when extraction of the materials from the
seabed might start.

(Reporting by El Tan in Hong Kong and Yuko Inoue in Tokyo; Editing by
Michael Watson)