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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Wade who wrote (44937)6/23/2013 9:14:54 PM
From: SwampDogg  Read Replies (1) | Respond to of 48092
 
It is becoming very obvious that the POG is being totally screwed with
you cannot screw with mother nature
when this blows it will go up much more than it otherwise would have



To: Wade who wrote (44937)6/24/2013 11:15:58 AM
From: Jacob Snyder  Read Replies (2) | Respond to of 48092
 
I want to thank you for being critical of NEM as my choice for investing in gold miners. Since I've spent little time following this industry, my first instinct was to choose a safe large cap dividend payer. I realize now that, with the POG at $1300, NEM's dividend yield won't be anything special. GG has a better balance sheet than NEM, and much better prospects for increasing production in the next few years. Therefore, GG, although it only yields 2.4% today, has much better prospects for increasing its dividend than NEM.

The all-in costs of production for most silver miners is $21-26, and $1200-1400 for gold. When production price = selling price, in any industry, it is a temporary situation. Price has to rebound (time frame 3-12 months) or production will cease. Maybe that isn't true for gold, since it isn't consumed.

If I buy small-cap miners, I'd need to spread the risk among several of them. Looking at GORO, others. Do you currently have any picks among smaller-cap silver and gold miners?



To: Wade who wrote (44937)6/25/2013 10:25:24 AM
From: Wade  Respond to of 48092
 
When the real name of the US dollar is an IOU to the Federal Reserve. Euro is Euro IOU, Yen is Yen IOU. All of them are debt instruments owed by their citizens to their central bankers who are the creditors controlling the lives of a nation and its citizens.

Currency exchange is a actually a debt exchange. You decide which debt is better than the other one. Selling one debt to buy another debt. No matter which currency you own, you have a note, that is what you owe to its central bankers.

This is the very simple reason why fully paid physical gold in your direct possession has no counter party liability. It is a free money.