Monday, June 14, 2010

Solomon's Mine

Ah, Afghanistan. The prehistoric land of a trillion dollars worth of minerals. All the Kings Horses and all the Kings Men, couldn't put the Middle East back together again. One thing for sure - it will be fun to watch other nations jockeying for a part of that wealth - a fable like Solomon's Mine.

Revelations that Afghanistan may be sitting on $1 trillion worth of untapped minerals pose a quandary straight out of the pages of "The Hobbit," of all things.

In J. R. R. Tolkien's fantasy, the eponymous hero overcomes multiple obstacles to reach a treasure hoard guarded by a dragon. But the hobbit then almost succumbs to defeatism when the cunning monster asks him how, even if he gets his hands on the gold, he will actually carry it all home?

Reuters Afghan boys ride on a bicycle in the old city of Ghazni, southwest of Kabul, in August 2007. The region that could be holding $1 trillion of untapped mineral deposits.
Useful as mineral wealth might someday prove to be for Afghanistan, commodities analysts need not adjust their supply forecasts just yet.

Oil offers a lesson here..READ

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