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

To: Gary H who wrote (90090)	9/27/2002 10:49:41 AM
From: E. Charters	Read Replies (2) \| Respond to of 116836

Gole tooter is not disdainfully proud. But she is in denial. On one hand she says she has this gold recycling edu effort, but on the other hand she says she is not seeking students. Probably not true as I understand that is one of the things she does. I prefer to go the route of honestly saying, "yes we are raising money." And dispense with the question of "are you advertising or not." The answer is yes. You get all kinds doubting you at all times. I tried to raise money for diamonds in the NWT on the bulletin boards in the states in 1993. The treatment I got then was raucous. I was a charlatan supreme in their eyes not a John the Baptist. Gold recycling is not doing that well in computers. They are using miniscule amounts of gold nowadays. The old ones were coated thickly but new ones use non, to very very thin coats with new tech and the old computers are disappearing fast in the scrap out cycle. That is why Compaq died. Replaced by the cheapo Taiwan PC. With PC boards, other-metal rejection expense is high. You have to crunch boards and fire them etc.. if you want all the metals. There is a solution method that I can use that is cheap. Since the gold amounts are hard to find in quantity it is not that great a business. One gold recycler in Mississauga just went out of business about two months ago, a victim of these changes and low copper and gold prices too. Jewelry is another thing, but you have to have a source. People won't bust your door down. And as for buying gold at 20 cents on the dollar.. I leave the ethics of that to you. The production route, if properly engineered and funded can approach the costs of 20 cents on the dollar. 50 cents is more like it. But your volumes are higher so money is much better. And it is a game where one does not have to chase sources amongst the retail crowd. There are 200 families in the Yukon doing it. Not big money either, but steady. It pays the bills. Here not many know what they are doing. Few are funded by Bay street. If so, just the ones not in production, as paper is their game. Margins have lots of light if the costs are controlled. It seems like a marginal earth moving game and that is exactly what it is. eC<:-}