Since the green nonsense is about finished, and if logic prevails, we will go back to good old, reliable, plentiful, non-polluting, (all coal burning power plants are super clean now), COAL, to make us again, the previously prosperous nation we were, before the fake greenhouse gas (CO2) crud, encircled the globe.
RELIABLE ESTIMATES OF THE AMOUNT OF COAL LEFT TO MINE IN THE U S, IS 422 YEARS!
Windmills and solar collectors, have a lifespan of from 20 to 25 years, maximum. Both take up valuable space, and windmills kill millions of birds, require maintenance obtainable only with huge cranes, and when they fail, it costs tens of thousands, to take one down.
Hydro-electric power, is probably cheaper than coal to produce electricity, but has already been utilized with dams.
Nuclear powered electrical generation’s initial cost is so prohibitive, that any ‘cheap’ electricity generated, is offset by potential melt downs, insurance costs, and as yet, no one has figured what to do with the nuclear waste. There was a cave near Las Vegas, which was supposed to store the nuclear waste, but that fell through.
Nations across the globe, are increasingly realizing that shut-down coal powered electricity generating plants, were wonderful, long lasting, required minimum maintenance and those left, will surely be revived and used. I know of three huge such plants, within a day’s drive from me.
Gold and Silver
Since those of us who have brains which thrive on logic, rather than fake news and beliefs in un-backed paper ‘money,’ we want to protect ourselves with precious metals, is there enough of such metals to last us through our lives, as insurance against government foolishness?
Remember Stott’s Law, which states that the ‘more of anything there is, the less they will be worth,’ and conversely, the ‘less of anything there is, the more they will be worth.’ If then, you live in a dry place, (generally the American West), the water will cost more, and if you live in a place with lots of rain (generally the American East), water will be cheap.
If more and more Americans begin to realize their government-caused inflation, is still extant, they will turn to metals for protection, and that will cause metal and all prices to rise, as in any insurance claim. (Bird flu has caused the deaths of millions of chickens, and the resultant egg prices are high, as there are so few egg layers alive). Hopefully, the Trump-Musk Administration, can un-do the damage caused by the Obama-Biden regimes, and bring consumer prices down, although it hasn’t happened yet, and the process may take a long time for the economic wheels of justice and logic, to have obvious price lowering. If they could just reduce the national debt, or keep it from going higher, we would all be delighted.
The most reliable estimates of the remaining gold and silver in the ground, and which can be mined in America, are: 3,000 tons of gold, and 530,000 tons of silver. These figures may seem to be alarming, but remember, silver has huge industrial, electronic, and even sterilizing uses, to name just a few, whereas gold is used for jewelry, and few other uses, other than tarnish-fee, historical, true, actual, money, but that’s about it.
In 2024, 200 tons of gold were consumed in America, and how much of it was used for insurance, is unknown, but I’d imagine, most of it. Purchasing gold for inflation insurance may be good for only 15 years, not counting imports. How much gold is left in the rest of the world, an estimate is 38,000 tons, counting South Africa, but those mines are now virtually cleaned out, and they were responsible for 30% of all gold produced.
In 2021, America consumed 7950 tons of silver, which can last 67 years. Both of these figures are for American consumption and American production, and do not count on imports.
The absolute latest news is that Trump and Musk are going to investigate Ft. Knox, make them open the doors, and see if there are indeed 400 tons of gold stored there. I’ll bet there isn’t a single bar. If my suspicions are true, and America realizes that our government has nothing, other than printing presses, as security, guess what will happen to gold prices? I think, up. If there are empty vaults at Ft. Knox, the bureaucrats will attempt a cover-up, by saying that it is stored ‘elsewhere.’ Since gold has no titles, as in real estate, whoever has it, owns it. There were supposedly many tons of gold, stored in the basement of one of the World Trade Centers, and I assume that has been recovered. It was stored, obviously not by the U.S., or it would have been at Ft. Knox. To whom it belonged, who knows, but not owned by the U.S.; so an explanation that the missing gold is stored ‘elsewhere,’ falls short.
You must then decide, if you are a reader of my screed, (Please forward it to non-readers), and are of a logical mental make-up: Do you want gold, silver, a combination of both, or have silver, but enough, and want more metal which is certainly compact and easily stored? I just thought the figures may interest you. The gold-silver ratio on Friday, was 90 to 1, meaning that one little ounce of gold, equaled 90 ounces of silver, price wise, and storage requirements also.
Don Stott – don@coloradogold.com