~mining syndicate 0 online
Members of #~mining syndicate
Moderators
Members
click to invite
@Brandon But you're right, at that price the scarcity is equipment, manpower, etc, not viable ground.
0
click to invite
@Brandon My optionality play is buying geologists while they are cheap
3
click to invite
@BenjaminCox Naw, I just did a work place safety video, a good geo is a dead man walking at 10k gold
1
click to invite
@Brandon And if people are upset by pipelines wait until they see my plan to convert the entire Colorado River Basin into one giant heap leach pad if we hit $11k gold. I'll collect the gold just this side of the Mexican border.
2
click to invite
@MiningBookGuy @BenjaminCox @Brandon - good discussion (and noteworthy zinger from @TheGalvanizer, love it!)
0
click to invite
@MiningBookGuy I'm traveling right now and not around my books on this. But here's a good #JimRickards link: http://www.cnbc.com/2016/06/10/is-10000-gold-on-the-horizon-one-commodities-expert-says-yes.html @BenjaminCox, I am sure this is all in #TheNewCaseForGold, specific to the $10000 discussion. but this is a key quote from the link: ["Global M1 has about 40 percent gold backing. There's about 35,000 tons of official gold on the world. That comes out to about $10,000 an ounce to use gold to create confidence in the dollar," explained Rickards. "The dollar price of gold moves around, but gold itself stays constant."]
0
click to invite
@MiningBookGuy "$10k is the implied non-deflationary price", just heard him say in the clip
0
click to invite
@BenjaminCox I get it, I just don't buy it
0
click to invite
@MiningBookGuy "official gold" --> that is #centralbanks gold. you can talk to a million gold bugs...less than 1% think that central banks are THE key component. I do.
0
click to invite
@BenjaminCox @MiningBookGuy what is the future value of the CB's ownership of its tax basis/citizens..
0
click to invite
@MiningBookGuy @BenjaminCox - i do not know the answer to that question, nor where I should look first to figure it out. but interested to hear more of your thoughts on it
0
click to invite
@MiningBookGuy btw, the dumbass CNBC guy in the middle of that clip has clearly not read or heard of this book: When Washington Shut Down Wall Street: The Great Financial Crisis of 1914 and the Origins of America's Monetary Supremacy https://www.amazon.com/When-Washington-Shut-Down-Street/dp/0691138761/ #books
0
click to invite
@MiningBookGuy I own this one...unfortunately I got bored and stopped reading in the middle, probably over 2 years ago. But it's excellent research, and Rickards cites it more in his new book than the previous ones. It's an essential part of #FinancialHistory that very few people are aware of, let alone know any details
0
click to invite
@MiningBookGuy #PhysicalGold was how this conversation with @BenjaminCox got started, not "$10k gold". i care more about this physical vs paper argument than what the price of gold 'should' be under various scenarios
0
click to invite
@MiningBookGuy i like silver, i like copper, i (think) i like bitcoin...but #centralbanks doesn't seem to care about any of those!
0
click to invite
@BenjaminCox I don't like dead assets for more then passport-ing wealth between live investments. :-). All of the above are dead :-).
0
click to invite
@BenjaminCox but every chat site needs a gold bear
1
click to invite
@MiningBookGuy @BenjaminCox - "dead asset"? is "money" an "asset"? I like money, i like gold. but it's ok if you don't like money :)
0
click to invite
@MiningBookGuy @benjamincox - you're not the only gold bear around, but i agree. i like hearing from 'intelligent' bears and bulls. 'unintelligent' bulls are even more annoying than the bears
0
click to invite
@Brandon I think by "dead asset" @BenjaminCox just means an asset that sits there and collects dust, does not provide dividends. Real estate can be rented, for example, etc, but gold, copper, silver, bitcoin, etc, are "dead". They do not provide a return beyond any increase in asset value.
2
click to invite
@MiningBookGuy doh, i misread @BenjaminCox's post. thanks @Brandon for clarifying, and i assume you guys are on the same page here. so my NEW response is: I like "dead assets" when the world gets chaotic. it's that simple, and physical gold is my favorite of all the dead assets as we head there. but as a side thought - i like my mining stocks as 'live assets' for a chaotic world. and so happy that all these little exploration stocks exist. so i don't have to be a typical doom-and-gloomer :P
0
click to invite
@BenjaminCox The world is always getting chaotic, in fact for 100's of years we have been doing the same dance between a currency backed by the tax base of its citizens, or the wealth base of gold, its not going to stop.
1
click to invite
@MiningBookGuy @BenjaminCox - i don't disagree with you...but i think this is a cop-out from my points (perhaps unintentionally). We shouldn't be talking "hundreds of years", we should be talking "generations" (roughly 20 year increments), or "decades". All this stuff is most relevant within our OWN life cycles. Do you know who were REALLY wrong? #goldbugs in #the1990s. sure, there was 'chaos' in many parts of the world, as there always is. but look at US and Europe, the cornerstones of the global economy at that time. Things went about as well as they could for Western, developed-world consumer societies. "Anti-Gold" bet was absolutely the right choice.
0
click to invite
@MiningBookGuy @BenjaminCox - are we repeating that era? absolutely not. are we repeating #the1930s or #the1970s? that's my bet. could it be even worse for Americans (home bias) than those 2 eras? it absolutely could. Europeans? hard to be worse than #the1930s ...but I am 100% sure I'm not the only one thinking about these cycles, and why it's time to 'bet on chaos'. You don't have to agree. But think about this generationally, not in the '100s of years'.
1
click to invite
@BenjaminCox At some point let's do a beer, I have lots of assets that are not gold that will survive this "cycle". Including a lot of fixed rate debt secured by cash flowing assets. These pairs will beat gold in 95 out of a hundred outcomes in the 10 year term, and in the last 5 outcomes I will give them even odds to gold.
3
click to invite
@MiningBookGuy @BenjaminCox - sounds like a plan! always up for this type of discussion, just need to find myself in your neck-of-the-woods, or a conference eventually. btw, do you mind sharing some of the books at the top of your current list? i'm looking for some different ideas right now, though i have ridiculously long list i'm working with as well
0
click to invite
@BenjaminCox @MiningBookGuy I really just play with overdrive and have gone completely random, I have listened to some amazing books, but right now I am doing some Heinlein, old classics, he really frames a lot of my economic thought.
0
click to invite
@BenjaminCox I just did Dan Ariely the (honest) truth about dishonesty and loved it. I also did Zero to One and not sure I agreed with it,
0
click to invite
@BenjaminCox I did Getting to Yes and meh..
0
click to invite
@BenjaminCox I do audio books at 2x normal speed and since I am flying back/forth to Europe 2x per month on average I am getting lots of books in.
2
click to invite
@BenjaminCox The 80/20 rules and the ilk are really my focus right now...
0
click to invite
@MiningBookGuy cool, thanks for sharing @BenjaminCox!
0
click to invite
@BenjaminCox I don't really do commodity books right now, I am spending more time looking over fences at other worlds and seeing what I can bring back.
8
click to invite
@BenjaminCox @MiningBookGuy you will like this blog, and this post. I am addicted to this guy's stuff. https://dqydj.com/inflation-to-pay-off-debt-stealthily/
1
click to invite
@BenjaminCox @MiningBookGuy here is one more that I think makes sense in this market https://youtu.be/CKttmV2iW74+ #ceofm
2
click to invite
@MiningBookGuy @BenjaminCox - sorry for the delay getting back. been catching up on ceo.ca responses since this morning
0
click to invite
@MiningBookGuy @BenjaminCox - i have never heard of this blog, and i DO like it. thank you! i subscribed to the blog and twitter handle. i love the title of the most recent blog post: "People Should Be More Uncertain" https://dqydj.com/bull-uncertainty/ I haven't even read it yet, but that sells me as well :)
1
click to invite
@BenjaminCox I don't agree with him, but I have really been thinking about interest rate policy as a backdoor wealth tax..
0
click to invite
@EvenPrime @MiningBookGuy that post above about the bull-uncertainty was a good read :) Actually everything I've seen on www.dqydj.com is fantastic
0
click to invite
@BenjaminCox It is rare for me to spend hours reading one blog, and I have read loads of the articles. I don't agree with all of them, but what I like is that his stuff makes me think, and changes how I think stuff.
0
click to invite
@90bigpicture Figured I'd check in on how my #stockpickingcontest choices were doing before heading out for the holidays...YTD showing 26.8% excluding dividends. Considering one of the names was a disaster, I'm both pleased and disappointed
4
click to invite
@TheGalvanizer Merry Christmas @90bigpicture
0
click to invite
@DanO Merry Christmas @90bp. Looking forward to you posting more often in the new year.
1
click to invite
@CriticalInvestor Have a good one @90bigpicture, long time no see btw
0
click to invite
@MartinTurenne KGHM should not sell its foreign assets, Polish minister Henryk Kowalczyk said on Tuesday. KGHM has put its oversees assets under review and said it would decide what to do with them by the end of the first quarter of 2017. KGHM's key foreign asset is Sierra Gorda copper mine in Chile. http://www.reuters.com/article/kghm-poland-idUSW8N1CQ02Q
0
click to invite
@Brandon A little quiet in here. How was everyone's winter break? What big deals are you seeing?
0
click to invite
bslusarchuk@k92mining.com @Brandon winter break was good. The skiing around Vancouver area has been the best in years I think. We spent a little bit of time up at Hemlock Valley. Business wise, all going well - the K92 production ramp up is on track and we should be in steady state by end of February. Kendayr financing was way oversubscribed and we have $11million in the treasury (after doing the cutbacks and then closing) which puts us in good shape to start a phase 1 drill program and go public likely sometime February/March. Also, I joined the Board of First Cobalt (FCC) and while I'm an independent and not involved day to day, I expect big things from these guys in 2017. How are you doing? When is your new deal coming out? Hope all is well. Bryan
1
click to invite
@TheGalvanizer Glad to hear everything going well on your multiple fronts Bryan. Best of luck in 2017! Looks like you will be busy :)
0
click to invite
@Brandon Things are going well for me, Bryan. The new deal is taking time to complete, but we're prepping for the IPO now. You'd probably have a better idea than me how long that will take, but I'm anticipating something in early March. I had hoped for sooner, but it is what it is.
0
click to invite
@CriticalInvestor @Brandon If you have a PP with that IPO please tell me more about it, possibly in PM?
0