Thursday, March 29, 2012

BRICS to change world economy

As billions of people in the BRICs nations are dragged out of poverty they go from fighting to meets their needs to trying to fulfill their wants. Wants usually come at a high cost. It is believed that to bring the poorest in the world up to the same standard of living of the "poor" in an OECD country will take 5 Earth's worth of resources. So here we are faced with a two pronged attack on precious metals. We have the poor grasping at wants that often contain or use a precious metal in the manufacturing process affecting the Silver, Platinum and Palladium markets, and billions of people being able to have enough money to save their excess in culturally accepted forms such as Gold and increasingly Silver. This trend can only increase, billions of poor have seen the ads, they want to be like us, and they, and the rest of us will pay the costs of this desire.

on Mar 28, 2012

 

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