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


To: Richard Mazzarella who wrote (13042)6/13/1998 7:53:00 AM
From: John Mansfield  Respond to of 116779
 
Thanks; I am still feeling like an amateur re. gold / mining stocks among the people posting on this (great) thread. Still waiting to pull the trigger on a mining stock; now looking at ABX and NEM at lot.

b.t.w found this on www.yourdon.com discussion board - bit of gossip on gold coins selling....

' I received a call last night from someone in Penn. looking for a
manual grain grinder. He'd looked in local hardware stores,
health food stores, then called every supplier found in a couple
of books- we're talking probably 20 dealers of storage foods
and products. Not one company had any in stock! The last
precious metals order I placed- great company
650-348-3000- told me they are selling close to 100,000 gold
eagles a month. This is about 31 mil for one company! I asked
about shortages and they said shortages are starting to appear
but coins are still available.
Items I think one must get now-
potassium iodate, junk silver or other precious metals, any food
stuffs you want to can at Bishop's storehouses (still open to
public but for how much longer?), power generator, non hybrid
seeds, water purifier, canning supplies, solar equipt., water
storage tanks, any specialty food products (powdered eggs,
tvp, dehydrated fruits or vegetables, drink mixes, soup bases
or mixes)



To: Richard Mazzarella who wrote (13042)6/14/1998 8:31:00 AM
From: Enigma  Read Replies (3) | Respond to of 116779
 
Richard - leverage to price of gold increase. Actually you should be looking for companies with high/ercosts and even some debt. These are the companies which always soar when gold rebounds - and fall when it craters. The leverage is due to the fact that they are suddenly profitable when the cost threshold is passed or anticipated being passed. Some of the S. Africans come to mind and Kinross (TSE: K) E.