The Daily Ticker: Red Alert: China's 'Rare' Commodity Monopoly Threatens…

Aaron Task interviews Stephen Leeb

• upcoming book theme - appetite for commodities are threatening way of life
• China's economy is 2nd to US
• if want to create a society that is dependent on renewables- rare earths critical to this
• silver is best thermal conductor, better than copper, massive industrial uses, silver vital to solar
• Chinese get, so accumulate silver
• silver had boom and bust, is it a buy?  yes, he says.  Headed to 100 he says.
• individuals may be banned from owning it
• two major renewable energies 1) wind and 2) solar-  for wind, need heavy rare earths
• US has one mine, send ore to China, can't process it, but China can
• China produces 99 percent of heavy rare earths; permanent magnets, best in world
• hybrid cars require same kind of magnets
• deposits in Canada, but they are small, need processing equipment

•