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It's a cute concept, but apparently the visionaries have little sense of supply and demand. The high prices on rare earth metals are dependent on their extreme
by havemurci 14y ago
It's a cute concept, but apparently the visionaries have little sense of supply and demand. The high prices on rare earth metals are dependent on their extreme scarcity. If the supply is bolstered (in this case, to the tune of $20,000,000,000,000), the selling price will decrease. It's simple economics.
I'm not saying it's anything but amazing. However, if the founders think they're going to get today's prices for every last ounce, as the article seems to imply, they are in for a realization.
- tspiteri 14y agoOh I think the visionaries do know about all that, after all, they do know a bit about how money works at large scales. I'd be really surprised if they are in for that realization.
- Tipzntrix 14y agoI really think it's just the article authors that are trying to hype this innovation up too much. I doubt the actual CEO is going around presenting this potential revenue to investors if he wants to be taken seriously.
- tlrobinson 14y ago“There are $20 trillion checks up there waiting to be cashed,”
- Tipzntrix 14y agommm. You're right. I wonder how much he believes that himself.
- RandallBrown 14y agohe doesn't. It's just a great quote to give to journalists.