Update on high neo prices

[Sam N.]

So I wasn't part of the discussion about the jump in neo prices due to China's trade restrictions but I was reading it.

I saw this article today that is about China violating WTO agreements with its policies over raw material export. But it currently doesn't apply to its exports of rare-earth materials.

It's on Engadget here

[Whitneyville1]

Sweden, the US, Russia, Chile and the other "rare earth" players have either shot themselves in the groin environmentally, or production/delivery-wise and have left China as the country with the "goods". Several countries that have substantial "rare earth ore deposits" in Central and South America would rather sell/trans-ship products by the kilo than by the gram, if you get my drift...

[Sidi]

I Think He Meant Drugs

[biff]

We have substantial rare earth deposits and mines, but they were closed due to China's pricing making it unprofitable to compete with domestic production. Unfortunately, though you can stop production in a heartbeat, starting it back up requires quite a bit of working time. This is happening now, but it will take months to years before production hits the market. Currently the forecast is that pricing of these materials will be below the recently astronomical hikes, but substantially more then the giveaway subsidized import pricing of the past.

[djg]

Related.

http://www.dailymail.co.uk/home/mosl...ous-scale.html

[Whitneyville1]

Butte, MT sits on lots of "rare earths" but the mines can never be re-opened, because the old Milwaukee Road rails have been pulled up, so there's no way to transport the ore to refineries (if they could be re-opened). Same with Elko, NV. Southern Pacific no longer exists, and neither does it's tracks. Even the Japanese get the dirty-work of making solar panels done in China, a fact not at all lost on the peasants (h'sing-po ling) of China after what the Japanese did to the Chinese peasants during WWII. "Clean air, water,food, (energy), and freedom for everywhere(one)....but China."- Mu Fua-1926 Speech at League of Nations (poet, contemporary of Yat Sung, murdered 1927)
BTW: GE isn't the largest maker of wind turbines, not even close. Siemens is by a 3 to 1 margin. Source: Edward Jones American Funds Euro Funds Investors Report received in the mail today, 2-1-2012 page 10 Paragraph 6.

[djg]

BTW: GE isn't the largest maker of wind turbines, not even close. Siemens is by a 3 to 1 margin. Source: Edward Jones American Funds Euro Funds Investors Report received in the mail today, 2-1-2012 page 10 Paragraph 6.

You read that stuff?

Always a sad story, American railroads.

[bobhowell]

I read about a section in SWColorado where they are seeking permits for a processing plant for small mines to bring ore . Very slow process but at current prices it will happen at many small locations. Look at natural gas prices over the past 8-10 yrs.

[Whitneyville1]

I like to see how my money's being squandered by the "financial geniuses". I'm paying them X dollars a year to LOSE 19.8% of my IRA last year. I think I could do better at the Creek Nation Casino...

[mintos]

yeah... I never understand why managers get paid % of your money no matter what.. they should get a cut of our profits...even if they want 10 to 25% of profits, I'd feel better about it.

[dcibel]

I got an email at work today from a China company that would just love to sell me the most neodymium magnets.

[dougjohnson]

yeah... I never understand why managers get paid % of your money no matter what.. they should get a cut of our profits...even if they want 10 to 25% of profits, I'd feel better about it.

There is a reason that is illegal. Such a manager could invest his clients in a variety of high risk, high reward strategies. He'd collect 10-25% on the ones that hit and say "too bad" to the clients that lose. -- Doug

[aarond]

There is a reason that is illegal. Such a manager could invest his clients in a variety of high risk, high reward strategies. He'd collect 10-25% on the ones that hit and say "too bad" to the clients that lose. -- Doug

...so the check for that scenario is to guarantee payment even if everyone loses money? Not sure i follow the logic.

[djg]

I like my financial adviser. I just find it difficult to read and understand the fund literature I receive in the mail.

[johnnyrichards]

...so the check for that scenario is to guarantee payment even if everyone loses money? Not sure i follow the logic.

You are not thinking from the top down, my friend.

[dougjohnson]

...so the check for that scenario is to guarantee payment even if everyone loses money? Not sure i follow the logic.

We are way off topic, so these will be my last comments on the subject. By paying as a percentage of the assets, you at least encourage the adviser to pay some attention to preservation of those assets. His pay goes down when the assets go down.

But the real solution should be obvious, given the group: DIY. Frankly, managing your own money is way easier than designing and building a good speaker. Read Investing for Dummies and Google "Couch Potato Investing" It will be a really fine payback for a few hours work.

-- Doug

[DoubleTap]

You guys realize that the whole Neo thing is right back where we started? Prices were at around $150/kilo for a long time, went up to $450/kilo peaking in July/August of last year. And now we're back to $200/kilo.

I imagine though the drivers price drop will take somewhat longer than the increase did

[Face]

You guys realize that the whole Neo thing is right back where we started? Prices were at around $150/kilo for a long time, went up to $450/kilo peaking in July/August of last year. And now we're back to $200/kilo.

I imagine though the drivers price drop will take somewhat longer than the increase did

Just like gas prices.

[johnnyrichards]

You guys realize that the whole Neo thing is right back where we started? Prices were at around $150/kilo for a long time, went up to $450/kilo peaking in July/August of last year. And now we're back to $200/kilo.

I imagine though the drivers price drop will take somewhat longer than the increase did

Wait, what?

LMAO (not on this board, but close) I was excoriated for suggesting the american distributors would milk the neo hikes far beyond...blah blah blah.

Jut cracks me up.

[aarond]

We are way off topic, so these will be my last comments on the subject. By paying as a percentage of the assets, you at least encourage the adviser to pay some attention to preservation of those assets. His pay goes down when the assets go down.

But the real solution should be obvious, given the group: DIY. Frankly, managing your own money is way easier than designing and building a good speaker. Read Investing for Dummies and Google "Couch Potato Investing" It will be a really fine payback for a few hours work.

-- Doug

Admittedlty, I was kind of being a smarta** but thanks for the advice. I've considered doing something like this for quite some time. I've been reading about and pursuing hobbies that interest me as long as I can remember.

I've always wondered what would have happened if I would have picked up a copy of Money instead of Hot Rod before I was old enough to drive. I'm tired of wondering.

I'll check Amazon first and possibly send some copies home to my wife.