“India and China combined are commonly acknowledged as the next two economies to be reckoned with, in terms of double digit economic growth. Prices for basic materials such as copper, steel, nickel and virtually every other mineral used in construction are marching steadily upward.Certain economic commentators are calling this a ‘super-cycle”, implying that the trend will eventually reverse itself, and these industries will contract as they have done since the industrialization of mankind.

It is no such thing.

The cyclical nature of mining is dead, a relic of the past.

What do you think is going to happen to the demand curve for basic materials when China, India, Africa, and Latin America’s internet penetration percentages rise to meet North America’s?

How bout Russia?

China is the largest consumer of copper, but the United States is second. Once a standard of living is achieved it must be maintained.

The rest of humanity’s existence will now be spent in bringing the rest of the world population up to a better standard of living. Or we shall perish in the effort.

The secret is out….”

James West in The Midas Letter