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Gold/Mining/Energy : Global Platinum & Gold (GPGI)

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To: d:oug who wrote (9687)3/10/1999 8:12:00 PM
From: JACK R. SMITH JR.  Read Replies (2) of 14226
 
Doug,

You got the view of the ship wrong. We set sail in a wooden ship, and sailors who do that need to check the keel and the cotton caulk in the seams and the tar over those seams. Check the mast and the sails and the rudder and the rigging.

Tell me a tale about men who set sail in wooden ships!

They are a maintenance nightmare. I know, because I owned one. This, not a sailing ship, but a diesel "stinkboat" 33' x 10' at the beam with cyprus over oak. Heavy oak keel with a curved double posted transom. Spent 6 weeks scraping and caulking and painting the underside of that sucker. 21' bronze 3 blade propeller and a 2 inch bronze shaft.

Solid boat, and handled well, even had a backing rudder which is good for a single screw since it gives some control when backing. Would I take it in the open ocean--not far. Spent time on the Potomac and Chesapeak, but she had a tendency to dig in and throw water back over the bow in heavy seas.

Here is the bottom line.

Right now, I will call the S&P 500, U.S. Dollar, JY, DM and I can do ok with that, but I will not call the GPGI ship.

Sailor, Jack!
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