Alan,
Repeat - simplistic. In bull markets many mining companies with highly educated technical people have utterly failed. Demonstrable fact. Excellent ore body is required first and foremost and not all orebodies are alike. Money comes second because I can get money if I have an excellent orebody. Something isn't good enough when it comes to a Bankable Feasibility Study and getting Rothschilds, Barclays, Bank of Hong Kong (James Capel) to rustle up financing. Possibilities ain't producing mines.
The record shows that most geologists can't manage a property past the promotion stage. Barrick, Corona, TVX, etc., succeeded because of financial people - not technical people.
If silver breaks $10, gold $500 is a straw man logical construct. Set assumption as a given then second assumption is a proven. Sorry, not valid logical construct to assume assumption is a given.
If you assume to be right on AG and AU price forecasts then don't take risks that companies will succeed - go straight to commodities trading via options on futures. You will get all the leverage with reduced risk, full control and immediate gratification.
BTW, Asians did much better putting their money in BC real estate than in gold. RE up 30-40% in the past five years - gold flat to down and Asians could by owning RE, send kids to BC to get English language education for free. RE proved to be vastly superior investment for Asian money. I'm there.
Re: coffee. Central Banks weren't interested in shorting coffee to keep its price down to make currencies "as good as gold." Sorry, coffee analogy not comparable. Remember when sugar inventory got to record lows - took ten years to record sugar price rise. Why? Cuban blockade. US interests sponsored Idaho beet sugar to clobber Castro. Lesson - don't fight city hall.
Alan, I mean personally acquainted - pound rocks - prospect - mine - finance - Direct - promote.
Re: Barney - how come Barrick and Freeport "instantly knew," as published in Canadian newspapers yesterday, Bre-X to be a fraud but market was unaware. Public's record is dismal. You might be amazed at what actually transpires within the industry that you would never know without working within.
RH |
