Secrets of the Gold Rush #5
Finding Gold That The Dictators MissedYou don't have to look far for reasons why the newly "opened" territories of Asia and the Third World are so richly packed with untapped mineral deposits.
To begin with, over the last 50 years, most of the best new exploration technology was developed in Western industrialized nations. And for decades, that's exactly where it stayed.
Westerners just plain couldn't explore in places like the People's Republic of China, Mongolia and the Soviet Union. It was a non-starter. You couldn't go there.
And no one could explore in places like Latin America or the Philippines without being extremely well connected with the local powers. Sure, a few companies ran the maze, but politics choked off the main potential.
Yet even if you could get past the borders, bribe the right politicians and not get killed, there was one more plague in these mineral-rich countries that absolutely ensured they would never be explored.
Taxes. In all of these places, the marginal tax rates amounted to confiscation.
There was no economic reason for anyone with the new technology to explore these places. Until now.
High Tech Secret
How Spy Satellites Snoop Out WealthYou've already read how 75% of the earth's surface that was locked away for 50 years is now open to exploration. That's enough for a tremendous mining boom right there.
Now magnify the explosion ... tenfold! Because this vast area of virgin terrain isn't being explored with old technology. Satellite surveillance has totally transformed the business of mineral exploration.
See it from Space ... $5 per square mile You've probably heard this truism - if advances in auto technology had paralleled those in computers, we'd all be driving cars that travel the speed of light and cost a quarter.
Well, it's just about come true in the world of mineral exploration. Let me give just one example.
Even 20 years ago, exploring for minerals in southern Peru was a mammoth operation. Very capital intensive. Very labor intensive. very time consuming.
Back then, you had to have hundreds of people on the ground. Climbing mountains. Walking grids. Taking millions of samples. Spending untold reserves of investor capital, often just to report on what they didn't find.
But the new high-tech explorers have it much, much easier. They simply take pictures of southern Peru from space. From satellites.
And they don't even have to take the pictures themselves - they pick up a phone and buy them from NASA. It costs them about $5 a square mile.
That's right, just $5! At trivial cost, they're literally exploring from outer space.
And, of course, they're passing on these savings to their investors right now... because it takes much less money than before to capitalize a highly profitable exploration company.
For 40 years, America poured money into space and now it's paying off in a totally unexpected way. Satellite technology is making these stocks a bargain.
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