USGS releases first study to assess global earthquake risk to mineral supplies
Earthquakes have the potential to substantially affect mining operations, leading to supply chain disruptions that adversely affect the global economy.
Peter Schiff, veteran economic pundit and president of Euro Pacific Capital, advises investors to stick with gold despite a recent downturn in bullion prices.
In a recent interview with CNBC Schiff says there are no currencies which provide a safe harbour investment at present, and that investors who just want to save their money should instead purchase precious metals which possess intrinsic value.
Schiff also notes that gold and silver prices should receive a boost from the surging business costs of mining companies.
Comments
Ricardo Ivan
CUIDADO CON ESTOS TIPOS. ESTÁN ENGAÑANDO A LA GENTE PARA QUE INVIERTAN EN LA BOLSA Y LO PIERDAN EN LAS JORNADAS NEGRAS. LA DEMANDA DE ORO Y PLATA DE LOS BANCOS CENTRALES, ESTIMADOS SEÑORES SIGUE Y SIGUE CRECIENDO. ESTIMAN LA ONZA DE PLATA EL 2013 EN 50 DOLARES, EL ORO ESTABLE, EL COBRE ESTABLE. CREO, SEÑORES QUE INVERTIR EN LA BOLSA ES LO PEOR PARA CUALQUIER PERSONA. SIN EMBARGO, EN CHILE, PERÚ Y OTROS PAÍSES, SE ESTÁN ABRIENDO BOLSAS DE VALORES MINERAS….POR ALGO SERA…O NO?…CREO SINCERAMENTE QUE EL PAPEL MONEDA LLEGO A SU FIN, LAS BOLSAS DE VALORES ESTAN DANDO SUS ÚLTIMOS SALTOS, CREO QUE LOS METALES PRECIOSOS SON EL ASIDERO DE LA ECONOMÍA (COMO SIEMPRE) Y QUIEN TENGA LOS METALES PRECIOSOS, TIENEN EL PODER. ASÍ DE SIMPLE.
BEWARE OF THESE TYPES. ARE deceiving people to invest in stocks and MISS ON BLACK DAYS. Demand for gold and silver central banks STILL Dear Sirs and growing. Estimate the ounce of silver in 2013 at $ 50, GOLD STABLE, STABLE COPPER. I think, gentlemen INVEST IN THE STOCK IS WORSE FOR ANYONE. HOWEVER, IN CHILE, PERU and other countries are opening MINING EXCHANGE …. there must be … or not? … I sincerely believe that paper money came to an end, the stock exchanges are on its last jump, I THINK ARE pRECIOUS METALS HOLDERS OF THE ECONOMY (as always) and whoever has pRECIOUS METALS, have the power. THAT SIMPLE.