Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: E. Charters who wrote (90092)	9/27/2002 1:10:47 PM
From: dean poets	Respond to of 116836

Well, what do ya know? the Dow is dropping like rock again today, and the shiny metal is perking up again. Wait till we see the Dow drop(crash) in October, Gold will really shine then!

To: E. Charters who wrote (90092)	9/27/2002 2:22:01 PM
From: IngotWeTrust	Read Replies (3) \| Respond to of 116836

You are the one in denial, continuing to pretend you understand my business model. #1) I AM a GOLD recycler, and could care less if you like my production levels or not. #2) Secondly, you are making a gross mistake: you continue to make the assumption that I only process computer scrap. Au contraire. And your secondary assumption is that I am secondarily dependent upon jewelry waste stream throughput...again, Au Contraire While I agree and have been publically heard to state on more than one occasion that the flash on of gold in current computers is so bad that if one blinks while viewing said plating, it will fall off, COMPUTER GOLD IS NOT my primarily recycling waste stream component, either. #3) Thirdly, I'm still not doing badly in the computer waste stream, vis a vis two unique sources that are available only to me, and I'm going to keep it that way. However, as a percentage of total waste stream that I am recycling, I'd have to place it at under 15% of total waste stream through put currently. And my diversification is part of the secret of my ongoing success. #4) Ethics of buying gold for 20c on the dollar? You again are fat-fingering your calculator again, Eric. MY CLAIM IS: . Under $20 cost per oz per refined 24K oz. That is NOT THE SAME AS: not 20c on the troy oz dollar, it is more like SIX (6c) CENTS on the dollar, E.C! $20 per oz cost per 24K troy oz divided by $318 current ballpark-ish gold value = $0.06289308176101 to be more precise LOL...that is how I arrived at 6c on the dollar. 4-B What is this ethics badgering bullchit?? The gold is discarded and awaiting the sharp-eyed recycler. Go get all you want. You won't be dimishing either me nor the unstoppable supply of the next 30 years. And just for arguments sake...why, when you have no problem understanding copper/nickel/silver credits in the "traditional gold mining biz model" do you insist on having a problem with copper/nickel/silver/lead/tin/zinc etc credits in the recycling model???? Ethics smethics...it's just good business to buy (or receive free) low-cost and sell high, E.C. #5...glad to hear 200 families in the Yukon are "doing it"...whatever your definition of "it" is. You are just exhibiting dinosaur thinking/logic in this regard, Eric. But that's okay...after all it is MY biz model and not yours. Why don't you just congratulate me for 1) being successful at gold recycling 2) ethical at it 3) developing unique waste stream sourcings by persistent application of my biz model. 4) capturing ancillary base metal credits in my processing 5) and low current crappy plated computers as a major waste stream component. Thanks to you and Gary H, (who is still pissed I haven't told him what John Murphy's other price predictor stastically viable model is)...for the opportunity to address your error assumptions about MY PRODUCTION LOW COST, GOLD BIZ MODEL, one I've been successfully engaged in for the last 13 years??? g_t