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Mick Shmazian Knows: Mineral Prospecting is Important For Everyone

July 13, 2018
Because of the potential volatility of many other markets, the work of mineral prospectors like Mick Shmazian has become increasingly important in keeping the market for many mineral resources as stable as possible. Discovering and maintaining a stead supply of essential minerals keeps the minerals market as stable as possible. Since stable markets mean stable prices, that is a positive development for everyone. Stable markets repel those who will advantage of circumstances to manipulate markets for their own benefit, usually to the detriment of everyone else.

For example, Mick Shmazian knows well that manufacturers who depend on certain mineral resources to make their products depend on a steady supply and a reliable price, which is how companies maintain efficiency and maximize profit. Many others invest in minerals, especially gold, silver and diamonds, as a hedge against economic downturns, but the cost of keeping these minerals on hand can be prohibitive. That is another reason a steady flow of mineral resources into the market is very important.