Main Street Insiders

Rare Earth Minerals and China's Emerging Energy Dominance with 3 Aces

Jeff Perlot and Luke Perlot Episode 9

3 aces is one of the fastest growing financial influencers on Twitter. He regularly co-hosts Twitter spaces with some of the most popular voices on Financial Twitter like Doomberg and Anas Alhaaji. He previously spent 10 years on Wall Street. During the Great Financial Crisis, when it seemed like the financial world was ending, he quit his job and moved to Africa to mine the rare earth minerals used to make electric vehicle batteries. He has spent the last 14 years as the CEO of six different mining companies. His most recent project is the head of a gold mining company in Guyana.

As we discussed, natural resources rule the world. One of the reasons the United States has been the most powerful country in the world over the last 80 years is that oil is bought and sold using US dollars, which gives us a lot of power over oil markets. China controls the production of rare earth metals, which are becoming the new oil. The balance of power is quickly tipping away from US and towards China. Rare earth metals are just one of the tools that the Chinese government is using to dominate the global economy.

But you can have an immediate impact by buying fewer products that are made in China. US products are higher quality anyways, and buying local benefits our economy. It also makes sense to invest in companies that operate in America. You can earn a great return while benefiting your local community.

This is the way.

Find us at mainstreetinsiders.com

Find 3 Aces on Twitter @real3aces

People on this episode