Re: Ringside in the Gold Pits
in response to
by
posted on
Jan 14, 2010 08:38PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Good article VHF. But I noticed that the comex still believes it has control of the market at this point. China, India , brazil, and Australia know where the money is and its not in buying U.S.bonds. In fact they have all gone into metal land looking for every option possible for future global growth. I mean I wish I had a good copper play right now, but last one burnt me to the ground. Oh well the nature of the beasts. Just one last point that has been standing out to me as of late. I love buying silver. But the price structure is so unbelievable. Take a silver eagle, spot price right now please I am guessing since i bought quite a few at just under 17.00 per round not including spot price which is starting to get out of control at 20.50 a piece. The day I boght in which was a little bit more than i prefer to tell those same eagles jumped to 24.00 a round . Yhen of course the crazy man i am bought some Aussie Rounds. Thet were over 15.00 dollars than a eagle. Guess what price was even more insane China Panda's. If you can even buy any at all they will cost you 45 to 50 dollars a round. Heres the problem for me . Yes its nice to have a little of all of them, but when the world growing at the pace it is now they are going to melt everyone of them down. How else will they be able to continue technology without the use of silver. Unless there are more silver mines producing at the rate of global population. Yes maybe someone will find a better coductive than silver, gold , or copper but i find it is highly impossible in most peoples view. Not that it can't happen. When fiber optics were put into the scenario it saved the loss of these rare minerals. Hope thet do. But until then the explosion of global growth will eat into all metals. Come on we are now building hybrid cars and other things as well. Without that supply it is impossible for them to keep up to the supply needed to change . This plus banks who will not lend anything to the small businesses , homeowners, and construction will continue to buy up every share of metal possible. And they will do it by trying to make us go into fear mode. Hopefully we will be positioned enough to stop them but they don't even give lollipops away at your local bank. Let us hope the likes of Ron Paul, Jim Sinclair, Jason Hummel, will continue there fight to get the truth of what each and eveyone of these greedy thugs have done to the economy of many nations. But they haven't beat us yet. Sorry thought this was going to be a short story. I just want all of us to get what we worked for and deserve. Peace