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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: d:oug who wrote (65299)3/10/2001 1:08:19 PM
From: IngotWeTrust  Respond to of 116788
 
Hello Doug A.K. Not too sure there was a question in there, but I'll do
the best I can with what I THINK you wrote

First and foremost, I've made a personal decision to unify my various
aliae as much as possible all over the net, so that wherever someone
finds "gold_tutor" or "goldtutor," my many cyber friends PLUS my
thousands of book buying customers accumulated over the last 11 yrs
can "find" me and know that they are hearing from one and the same
person, SMEEEEE<g> YEEEEEEEEEEEEeeeeeHAW!!!

Secondly, I believe you hold some of the mistaken beliefs of others on
the "outside of placer mining" who are "looking in" & who observe the
modern day, individual placer miner plying our craft, of which I am but 1.

You see, between the government, the environmentalists, the local
water board rationing permits and measuring volume, the DEQ --Dept
of Environmental Quality--who monitors stream sedimentation; the US Dept
of Interior aka the BLM and/or the US Forest Svc who controls access
to the forests and desert where the gold is, and large dollops of weather
watching and season changes, placer mining is NOT a 24/7/365 effort.

Let's deal with the weather factor for a moment, shall we? Spring has
just sprung in the desert in the last 5 days, which means snow melt,
streams exceeding their channels, muddy banks and spongy roads,
making equipment hauling to and from claims near to impossible.

Secondly, I'm a 'wired miner' shall we say...cellphoned, wireless laptop,
solar powered, satellite dished modern counterpart to the burro and
unshaven hero of a century ago. I eat my breakfast inside, enjoy
my mid afternoon, air conditioned siestas, during the HOT part of
any given mining day. AND, I only howl at the moon on rare occasions,
preferring to sleep indoors on my nice cushy, high dollar contoured place
of repose, instead of curled up on saddle shaped pillow with a smelly
mule blanket pulled up around my unwhiskered chin. Yeah, I know...
a miner's life....it's tuff, ain't it?<g>

However, since reg'lar mining doesn't begin until the snow's finished meltin'
and the roads dry out, I'm free to cyber wander, sieve, and pause to comment
that is in between batchs of recycled gold cooking away in my 1900F
furnace. Now, you might ask where and how is it that I accumulate Au
during the off season when my hoarded cons from last season's mining
ops have dwindled to stacks of empty 5 gal buckets?

Well, it's like this, Doug...
For one example:I've spent other hours infront of the TV demanufacturing
from all its various encumbrances and intertwinings the trappings of
post-mined gold extraction processes and post mining applications of others
in their facets of this gigantic realm known as "the gold bidness."

One of my favorite "keep the hands busy" projects while I'm a watching
soaps...yes, this ole burro thumping-mule skinner prefers 2 actually---(care
to take a guess which ones???)---is demanufacturing certain fabric core
wound gold applications which doesn't take much concentration, just time.
At 1/3 of an ounce to the ton or better...
I get to have my "cake (of soap that is<g>)and recycle, too."
Do you know of anyone else who processes gold during their afternoon
episode of Gen'l Horsepistol?
(Do you know anyone else that basically gets paid for watching GH?)

That 1/3 of an oz of gold per ton for that ZERO COST discarded item,
is a considerably FINE ASSAY result, consid'ring that most modern
day, cyanide heap-leach ops still get excited over .005 oz per ton assays,
all the way up to and including .05 o/p/t assay results
WOW..are they ever impressed with my .33 o/p/t project or what?

Here's a newsflash: Hot off the furnace as it were<g>....
A new book-buyin'-buddy of mine just in this last 60 days
was pulling 3 ounces of 24K Gold FROM just 5 av. pounds of some
of his goodies.. [dang, wish that was MY recycle pile instead o'his-<ggg>]
...and that's just b/c he got ahold of & READ what I had to say in mah book.
It just took a little education and a glance at those 6 pages of lists I've
mentioned here that I'm looking for new items to add to said lists,
to open his eyes, and wind him up and turn him loose onto the world of
gold mining vis a vis gold recycling.

AND this Abner thread is so VERY VERY HELPFUL to me b/c I peruse
monitoring and keeping my eyes peeled for discussion of new uses,
which mean new discards on the come. This is a GRRRRREAT place for
goldbugs and those bitten by the gold bug to discuss the latest uses and
abuses of gold.

My new buddy is just like others who have had their eyes opened to the
demanufacturing potential out there in Garbage R-Us USA. Here in North
America, yes, Canadian and Mexico as well, we're all home of instant
gratification and huge disposal problems. These disposal problems include
bad habits of throwing away something just because we don't like it anymore,
and have been for generations. And if it's yellowish in tone, its gonna get
a second look by a whole new breed of prospector I've helped educate.
It's a great feeling! ANd to think NAFTA moved jobs to Mexico...it also
moved chunks of discarded scrap gold to Mexico as well.

This golden garbage surges like the ocean tide, following industrialization
around the globe. And newly mined gold supplies have NOT kept up
with INCREASING demand for gold. Do you think for a minute that because
the Central Banks Leasing Schemes---discussed to death on this thread-
and rhapsodized by the gaddabouts first in Europe and then S. Africa, et al,
do you TRULY think, Doug, that just because it is Central Bank gold in
origin that it isn't discarded?

CB leased used and abused gold gets added to the heaps from which
recyclers like me can and DO get to "mine" when we are "mudded out"
and restricted by all kinds of regulatory nuts out there in bureaucrat land
from pursuing our placer and hardrock gold pursuits, which are our 1st loves.

Recycled gold only makes up about 3 million ounces a year of the shortfall
between mined supply supplemented by CB "leases"/SALES!!!!!, and the
documented increasing demand for the yellow stuff. If the CB is gonna
lease less, then either we will recycle more above ground, already refined
once gold, or prices will have to rally in order to return the incentive to
traditional, commercial mining in the Busang and non-Busang portions of
the globe.

You see, Doug its as simple as this:
Recycled gold can be recovered for less than $20 an ounce
INCLUDING ACQUISITON COSTS
all day long, every day
by anyone who knows where and what to look for

which is a LOT of monetary incentive

VERSUS

commercially, traditionally mined gold at approximate avg costs
per t/oz of $262 per oz or thereabouts.

This DISINCENTIVE to newly mined supply is bandied about
regularly on this thread. But it seems like I'm the only one
singing the praises of reycling already above ground, discarded
gold and the economics of pursuing THAT venue, as part of
the solution while the CB's are playing their Which-Shell-Is-The-
Leased-Golden-Pea-Under?

This DISINCENTIVE to newly mine gold with "prices realized
at the pump" (<----if you'll forgive me mixing my metaphors)
at $255 to basically $268 per troy ounce is part of the supply
problem, NOT the demand side of the Abner discussion.

See how it all fits together now, Doug?

God bless ole Abner and his lil' Gossamer Hossamers...
BTW, you DO know that is an alias also, right? We old timers
know ole Abner by his "other name." He PM's me upon
occasion with hearty "sic'ems" whenever I put up a really
good one...who knows...maybe I'll hear from him t'day, even???

Have a good weekend, and keep your eyes open for more enlightening
gold supply/demand and pricing commentary from:

gold_tutor
ayup, that's smee....on SI, eBay, Yahoo, Stockhouse, Raging Bull, AOL,
and coming to a dozen other sites near you...eventually<g> Just didn't
say I'd hit'em all at the same time...then I'd be a newsletter writer...YUCK!