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5 million ounces of annual silver supply and 500,000 ounces of annual gold supply have just been vaporized landslided.
Rio Tinto’s Kennecott mine in Utah- the US’ 2nd largest silver mine and world’s largest copper mine has just suffered a massive landslide which will likely shut down production at the mine for years as upwards of 1 billion tons of dirt and ore have collapsed into the basin. 

16% of US annual silver production just vanished.  Good thing there aren’t any physical supply issues in silver currently or anything…

Astonishing Photos below:

 

... Read more »

Views: 459 | Added by: Teesus | Date: 2013/04/14 | Comments (0)

The St. Louis Fed has published two maps showing state averages for overall amount of student debt and delinquency rates on repaying it.

A high delinquency rate is bad news because it makes it harder for the student to get credit in the future, which leads to a higher likelihood of the student defaulting on other kinds of debt.

Here's the map for highest average student debt.

 

And here are ... Read more »

Views: 362 | Added by: LIBertea | Date: 2013/04/14 | Comments (0)

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