Remote deposit holds vast wealth as decision looms

1 min read     Updated on 10 Jun 2026, 10:06 PM
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A remote U.S. deposit estimated to hold 82 million ounces of gold and 75 billion pounds of copper is central to a new government resource strategy. A critical decision is expected by June 30, which could unlock the site. The deposit also contains significant silver, rhenium, and molybdenum.

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A remote deposit on U.S. soil, estimated to hold 82 million ounces of gold and 75 billion pounds of copper, is the focal point of a government resource strategy aimed at unlocking the nation's mineral wealth. Financial analyst Jim Rickards identifies the location as America's "Crown Jewel," containing resources critical to military power and energy independence. A critical government decision regarding the site is expected no later than June 30.

Strategic Resource Shift

The strategy involves the federal government taking direct stakes in companies owning critical mineral deposits. Recent actions include a restructured loan with Lithium Americas for the world's largest lithium reserve, a 10 percent stake in Trilogy Metals for large copper deposits, and a deal with USA Rare Earth for the largest rare earth deposit outside China. Rickards notes that for the first time in history, the government is directly investing in businesses holding mineral rights to essential resources.

Mineral Estimates and Potential

The remote deposit is reported to contain vast quantities of several metals. The estimated resources include significant amounts of gold, copper, and silver, alongside billions of pounds of rhenium and molybdenum. These metals are described as essential for American military power, energy independence, and technological dominance.

Metal Estimated Quantity
Gold 82 million ounces
Copper 75 billion pounds
Silver 371 million ounces
Rhenium Billions of pounds
Molybdenum Billions of pounds

Legislative Timeline

Two pieces of legislation tied directly to the deposit are advancing through the U.S. Senate with bipartisan support. The House has already advanced permit reform. Rickards suggests that once the decision is made, the region will no longer be off limits, potentially altering the valuation of the company that owns the deposit. The company is currently trading for just under $2 per share.

How might the government's decision on June 30 impact the valuation of the company owning the deposit?

What are the potential environmental and regulatory challenges that could delay the extraction of these minerals?

How will this shift in government strategy affect the global supply chain for critical minerals like lithium and rare earths?

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Physician pay trails inflation as productivity drops, MGMA reports

2 min read     Updated on 10 Jun 2026, 10:01 PM
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MGMA's 2026 report reveals that physician pay growth failed to match inflation in 2025, with only surgical specialists keeping pace. Productivity dropped significantly, particularly among nonsurgical specialists, exacerbating workforce challenges. Medical groups are increasingly relying on Advanced Practice Providers and hybrid compensation models to navigate shortages and burnout.

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For the first time in several years, physician productivity and compensation moved in opposite directions in 2025, highlighting the strain on the U.S. physician workforce, according to new data from the Medical Group Management Association (MGMA). The 2026 Provider Compensation and Productivity Data report, based on 2025 data from more than 245,900 physicians and advanced practice providers, found that compensation growth remained modest and trailed inflation. With inflation rising 2.7% during the year, only surgical specialists managed to keep pace with the cost of living, while primary care and nonsurgical specialists fell behind.

Compensation vs. Inflation

The report details specific compensation increases across physician categories, showing a clear disparity with inflation rates. Primary care physician compensation rose 2.23%, while surgical specialist compensation increased 2.90%. Nonsurgical specialist compensation grew by 1.79%. Over a five-year period, the Consumer Price Index rose 16.37%, outpacing the cumulative pay gains for primary care physicians (15.04%) and nonsurgical specialists (11.06%). Surgical specialists saw a 16.33% increase over the same five years, roughly matching inflation.

Productivity and Workforce Challenges

Productivity metrics declined even as pay increased, particularly among nonsurgical specialists, whose total patient visits fell 15.67% in a single year. The data suggests that physicians are scarce, compelling medical groups to offer higher compensation regardless of output. The Association of American Medical Colleges projects a U.S. physician shortage of up to 86,000 by 2036. Additionally, one in three medical groups lost a physician to burnout in the past year, up from roughly one in four in late 2024.

Key Compensation and Productivity Metrics

Category 1-Year Change 5-Year Change
Primary Care Physician Compensation 2.23% 15.04%
Surgical Specialist Compensation 2.90% 16.33%
Nonsurgical Specialist Compensation 1.79% 11.06%
Consumer Price Index (CPI) 2.70% 16.37%
Nonsurgical Specialist Patient Visits -15.67% N/A

Strategic Shifts in Staffing and Pay

In response to these pressures, 48% of medical groups added Advanced Practice Providers (APPs) relative to physicians over the past year to maintain patient access. APP compensation outpaced physician gains over five years in every grouping. Furthermore, hybrid compensation models—blending base salary with quality and other incentives—now account for more than 75% of reported structures, replacing pure salary and productivity models. Guaranteed starting pay for newly hired physicians eased from recent highs, most sharply for nonsurgical specialists at -6.77%, though levels remain above those seen in 2021.

Future Outlook

The disconnect between pay and productivity is expected to deepen in 2026 due to Medicare's new productivity "efficiency adjustment," which took effect on January 1, 2026. This adjustment reduces workload scores for many non-time-based procedures, impacting hard-to-recruit specialties such as urology, interventional cardiology, and diagnostic radiology. MGMA's acting CEO, Akash Madiah, noted that compensation and staffing decisions made today are critical for determining whether practices can meet demand and remain viable in a pressured system.

How will Medicare's new productivity 'efficiency adjustment' in 2026 specifically accelerate the decline in compensation for hard-to-recruit specialties like urology and diagnostic radiology?

Will the continued substitution of physicians with Advanced Practice Providers (APPs) eventually impact patient outcomes or referral patterns despite maintaining access?

What specific retention strategies will medical groups need to adopt to curb the rising burnout rates that are now affecting one in three physicians?

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