Some Thoughts on the Trillion Dollar Afghan Mineral Find

Our troops have apparently made quite a discovery in Afghanistan according to the New York Times:

The United States has discovered nearly $1 trillion in untapped mineral deposits in Afghanistan, far beyond any previously known reserves and enough to fundamentally alter the Afghan economy and perhaps the Afghan war itself, according to senior American government officials.

I’ll make some loosely connected observations below and then send you over for the full story…

1.  Yay!  Another thing for eternally warring factions to kill each other over!

2.  Who gets all this cobalt, iron and lithium?  Karzai’s Corruption Incorporated?  The Warlords?  The Taliban?  I’m starting to think it would’ve been better if this deposit was never found at all.

3.  Dammit, I knew I should’ve built that 3X Afghanistan Leveraged ETF!

4.  Boy did the Russians screw up back in the day.

5.  Joy Global ($JOYG) and other vendors to the mining industry may need to sublease cave space from Bin Laden Realty Co.

6.  If this goes down anything like what happened with the Iraqi oil fields, China will swoop in and cut a deal now that the US has already expended its Blood and Treasure for 9 years.

7.  This is cool and all, but it better not interrupt the flow of poppy-based products to Amy Winehouse’s central nervous system.

8.  Stop me if you’ve ever wondered this before – why must the best stuff always be found in the worst places?  Next they’ll find 4 million American jobs buried under a hill in North Korea.

I’ll be here all week, tip your waitress.

Here’s the full story:

US Identifies Vast Riches of Minerals in Afghanistan (NYT)

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.

What's been said:

Discussions found on the web
  1. click here commented on Sep 14

    … [Trackback]

    […] Info to that Topic: […]

  2. bitcoin era commented on Sep 22

    … [Trackback]

    […] There you will find 76826 more Info on that Topic: […]

  3. Bitcoin Era Review commented on Sep 22

    … [Trackback]

    […] Read More on that Topic: […]

  4. Bitcoin Loophole Review commented on Sep 23

    … [Trackback]

    […] There you will find 95728 more Information on that Topic: […]

  5. blazing trader review commented on Sep 28

    … [Trackback]

    […] Find More on that Topic: […]

  6. valid cvv shop commented on Nov 27

    … [Trackback]

    […] Read More on to that Topic: […]

  7. rbc sign in banking commented on Dec 03

    … [Trackback]

    […] There you can find 3105 additional Information to that Topic: […]

  8. commented on Dec 25

    … [Trackback]

    […] Read More on to that Topic: […]

  9. copy tag heuer formula 1 chronotimer commented on Dec 30

    … [Trackback]

    […] Info on that Topic: […]

  10. see this website commented on Feb 03

    … [Trackback]

    […] There you will find 60007 additional Info on that Topic: […]