Money Doesn’t Make the World Go Round – Energy Does

Money Doesn’t Make the World Go Round – Energy Does | https://www.themorganreport.com

“Money makes the world go round.”

Almost everyone believes it; most people, in their heart of hearts, are very concerned about money. In reality, however, it’s not money that makes the world go round.

It is energy. Without energy, nothing happens.

Consider this: would the average person on the planet enjoy the lifestyle they have without energy being so cheap? I would have to say no. If we had to do everything with human labor or horsepower, we would never have achieved all that we have in the last century.

There has been an immense acceleration in what’s taken place on the planet in the last century, and for that, we have one thing to thank: oil.

The Resource Sector Gets a Bad Rap

The resource sector – in all its entirety – gets a bad rap in the modern era. That is because most people mistakenly believe that we still mine today the way we mined in the 1800s.

That’s not entirely false; some areas of the world still do use antiquated mining techniques. However, the vast majority have adopted modern techniques that preserve the natural state of the terrain, meaning even after mining activity has been completed, the mine project is reverted back to the natural state that existed before a drill ever hit the ground.

What this is indicative of is the growing influence of conscious capitalism: the idea that we should be more cognizant of the bigger picture and only mine what we need to make a reasonable profit and revert the area back to its original state, rather than aiming to maximize profits through extraction and depleting the natural state of the land.

The idea of conscious capitalism is much more pervasive in the mining sector than most people believe. I make this clear not to be an apologist, but rather to point out the facts that most people are not aware of. Because soon, many people will be flooding into the resource sector, and these are facts they should know.

The Monetary Metals

The global environment today is concerning, characterized by uncertainty, monetary instability, rapid global change, high unemployment, and a general contraction in economic activity. This is due to several factors, such as pandemic supply disruptions, rumors of war, and labor shortages, to list a few.

What we’ve learned from history is that gold and silver – the monetary metals – are coveted in times of distress like we experience today. This is when they truly shine.

Today, gold allocation on a global financial perspective accounts for less than 1% of all financial assets. However, as recently as 1968, data had pointed towards a 5% allocation, suggesting that if more pension funds, family offices, money managers, brokerage houses, individual investors and sovereign wealth funds decided that gold or silver are the best places to be with a portion of asset allocations, that 1% could go up fivefold.

If that were the case, the amount of gold available versus the amount of global currency seeking a safe-haven is a mismatch, to put it mildly.

The metals are only just starting their major leg up in what I refer to as the third phase: where most of the move takes place. Markets usually run in three general uptrends, with two corrective legs in between. The final leg is when everyone wants to be involved, and when we reach that point, there will be a run to gold that hasn’t been experienced in a very long time.

In fact, in today’s world, facilitated by the internet and technological innovation, the availability of communication chat rooms and social media makes it easy to envision a run to gold that goes into the record books for one major reason: uncertainty. Because if trust in all currencies starts to break down, gold will be the only place to be.

This all brings us back to the importance of energy, because of its vital role in mining.

Let me leave you with this…

The United States is about 4% of the global population. Yet, the U.S. uses 25% of the world’s resources. In other words, if everybody in the world wanted to live the American Dream, we would quite literally need several planet earths for the whole world population to live the way the U.S. does today. Something to contemplate.

To hear more of my thoughts on this topic, watch my recent appearance at the Blackrock Gold Corp. Town Hall Webinar at this link.

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