Trust me, Richard, I read your original Clive post. AND PLEASE don't put words in my mouth: I'm NOT reco'ing buying BGO in hopes of a buyout. NEVER. NOT. NYET. NADDA!
When the ubiquitous "they" take out BGO, they'll probably take out CLIVE in a pine box!
To get the real scoop on Clive from his peers, you should go hang out at one of the roundrobin gold conferences, that are held all over the nation each year. Believe me, Clive's peers do NOT have a flattering opinion, altho' if you talk long enough, you might find someone who would spare a few kind words for Clive. And don't tell me that they are jealous of Clive...jealous of what? Running BGO shareholders to ground and eating both investor's money and shareholder value. What do you think Clive was supposed to be paying back his investors with? Worthless shares are not high on their list, I assure you.
RE: gold producers on the thread...
I'm a SELLER ALL DAY LONG, everyday, at my cost basis of $20/oz and posted selling price of $268ish.
I don't need derivatives, just a telephone and my roladex. Then there are those dream situations where
gold buyers pay premiums over spot...got some of those, too.
Gold, since it is real money and real, throughput product to me, I prefer the old business model of gold for goods or services that I need, like groceries, equipment, fuel, etc. And upon occasion, I accept green pix of dead presidents
only. Been known to trade some for silver, too, come to think of it...but NEVER for paper promises.....even with 7% coupons attached...YUCK And you can't believe the number of people that come to me and wave plastic at me, thinking I will sell to them for that 3ird, second "paper derivative"...the consumer credit model. (the second deriative was the introduction of paper checks) ---remember the first derivative? That would be the "receipt for gold left on hand with the fabricator in the "olden days."
Different strokes, Richard. If 7% looks good to you...then sic'em. But that doesn't even get my goldpan wet.
gold_tutor
ayup, that's smee....on SI, eBay, Yahoo, Raging Bull, Stockhouse, AOL, and coming to another batch of gold enthusiastic chat boards cyber close to you... |
