RE: gold recycling being a low end business...you see, that's another place we differ, Eric. It's a "female thang."
You guy types are always thinking in tonnage, which is where the error in mindset is.
In gold recycling, I know and have personally helped several in the last 12 years take it from "well, I'll be damned" to the "I'm now making $100,000 per year clear but I've outgrown my garage now" ramp gold recyclers.
Now, I suppose to some...that 100K reported and taxable is a low-end biz model. Well, so be it.
You wrote: You can mine more gold in one day with a 500K dollar investment or less than you will recycle in two or 3 years.
The key to my rebuttal is the word "TAXABLE" above.
It doesn't become a taxable event until the recycled gold is SOLD.....
Nothing wrong with your tonnage and "route of production."
Nothing wrong with MY CURRENT gold production levels either.
One last point?
My biz model is a LOW COST entry biz model.
last I looked, your biz model , yay that of all Howe Street was still dependent upon trolling for investors just to get into production.
I'm a PRODUCER NOW, Eric...
How's Wildcat's production working out for you? |
