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Big Al and Peter Grandich discuss gold.

Big Al
April 24, 2012

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Discussion
18 Comments
    Apr 24, 2012 24:48 PM

    HI AL……..i think we are in a situation, at the moment, where you could just flip a coin & not bother to call . We will may be see more clearly at the end of the week.

      Apr 24, 2012 24:50 PM

      I agree, Irish. I think it is time to just keep stacking, go fishing, stop watching the price of gold, and buy the miners on dips. Wash, Rinse, Drink a beer, repeat..

        Apr 24, 2012 24:58 PM

        Mark A., LOL! exactly

        Apr 24, 2012 24:00 PM

        No Mr. A. It is wash, rinse, drink a glass of GOOD RED WINE, repeat.

        I do agree with Mr. Irish when he says that we should know more by the end of this week.

        Big Al

          Apr 24, 2012 24:23 PM

          YES! WINE! It is nice to see a fellow connoisseur of wine! My favorites are Argentinian, Chilian, Southern French, and Brazilian wines. There is some really great wine country in Argentina and Brazil and the wines are REALLY CHEAP but taste fantastic!

            Apr 24, 2012 24:37 PM

            mark…grapes smashed with the feet, are the finest…..Italian fotago

            Apr 24, 2012 24:43 PM

            LOL!!! Very funny OOTB

            Apr 24, 2012 24:52 PM

            Hi Mark A,

            Don’t discount the wines from Sonoma and Napa. Sometimes more expensive, but they are worth it! (As the old saying goes)

            Big Al

        Apr 24, 2012 24:47 PM

        ………………………………………….”GUINNESS”…………………………………..

          Apr 24, 2012 24:36 PM

          GUINNESS…..BETWEEN THE TOES….IS AN IRISH FAVORITE…

            Apr 24, 2012 24:25 PM

            Guinness is actually pretty good. No comparison between it; however, and a great petite Sarah, Cab or Meritage!

            Sorry guys,

            Big Al

    Apr 24, 2012 24:42 PM

    Hi Al,
    Here is a very interesting article about gold and the IMF by Jim Rickards:
    http://www.usnews.com/opinion/blogs/economic-intelligence

      Apr 24, 2012 24:57 PM

      HI Karen,

      I thought we were discussing wine here!

      Seriously, thank you for the link. Will read it now.

      Big Al

        Apr 24, 2012 24:04 PM

        Great comment in that article, Karen.

        Gold still determines who runs the system!

        Here is an interesting question, why does Belgium have so much more gold than Brazil?

        Best and thank you again,

        Big Al

    Apr 24, 2012 24:17 PM

    Hi Al,
    I remember reading some time ago that Belgium central bank lent out about 40% of its gold so it could be just in paper. Now lets get back to the wine discussion. Napa does have some great wines

    Apr 25, 2012 25:58 AM

    Hi Al, about your wine what are your favorite wines? I don`t drink but a mixture of mosty diet & some regular Mt. Dew(Christian crank) soft drink and strong tea, heavy with caffeine. Back to your wine list so when I get to see you sometime I`ll bring something that you can enjoy. Also what does Roger enjoy to drink? I was reading Kitco and they said that the Bears out number the Bulls by 2 to 1 ratio. I guess that the bears are just short term sellers looking for a quick buck in a market that`s moving. These Bears probably don`t have a margin account that one would need to buy and sell on a regular basis, right? You know that I usually leach my ore(oxides mix of sulfur with gold,silver,Pd,Pt) the do primary refining, then do some 2ndary refining using SBH4 ion exchange resin, then sell it to refiners. But am interested in the trading and selling of the metals. Some of your resource companies with so low of metal content in them, though they say that there are large amounts of the metal in the property makes me wonder if the stockholders will ever make a profit after the mine has finished mining the site. After reading about a mine some years ago called the fort knox mine in southern Alaska region it had a 1 gram per ton ratio and bragged about it when I read of it operating expenses it would have had to mine 2 gram per ton to just break even, now this was in 1996 so the price of the gold was the factor of course. But still it could have been a chapter 11 business a right off for some larger type business I guess.

    Jun 16, 2012 16:13 AM

    wowa nice framingI like iteimrnd me of a nice and sometimes dangerous hobby I used have in the past in Paris.Down along parking lot ramp at full speed with inline skatting.Can i print it for my own usaged ?