I'm set up for PM's again, Richard. Just click on my name and you'll get to me via AOL's forwarding mechanism. That e*mail address is direct to the little publishing company, ORIGPPRESS that bought out my inventory and took over the distribution of my Recover Gold for $20 per Oz book, Thrift Store Prospecting,( which I sold them in April) plus all its ancillary products. |
Thanks for the URLs...and the competitor's scale rates!
I see Roy and Pat chose their price points well. Thanks for that confirmation.
I get tickled as folks always ask what the value on today's market is of the gold they find, when I'm teaching them the panning skillset. As always it is a product of supply demand: in the , RAW, FREE MILLING GOLD market, which is roughly $4 a grain (and there are 480 grains in an ounce.) Am I saying that gold is selling in the real world for more than $260 per troy ounce? The answer is a SCREAMING YES. A simple math calculation of $4 x 480 grains is within spitting distance of $2,000 per oz.
That is why what ole thick-headed Reece's dumb post made me laugh.
All he could scream was scam, when in the real world of non-traceable, raw gold, buying the output of an entire 3 hour gold trommel run's yield for $2400 was a dad-blamed steal. (that would be $4 x 480 x 2) or nearly $3,900 in gold value for non-traceable, RAW Free Milling Gold. And if there are ANY nuggets of size over 1/4 oz, the value of the total output goes up proportionately.
When a gold 'specimen,' gets snagged in those sluicebox riffles, i.e., gold in its original arsenide or quartz host matrix for example, with alot of sparkling gold crystals still undisturbed, it brings even more in the open market place of untraceable gold and gold collectors.
Remember back before ANOTHER was killed and he was writing on the Kitco forum about gold's real value in oil exchange credits was closer to $5,000 per troy oz than the then $320ish price on the Comex? Well,
that was hard for me to swallow too, ...
...that is until I got immersed in the raw, untraceable gold market, where all the middle men are cut out and a person is dealing directly with a miner of their choosing.
Even then, the $2,000 raw, free milling gold price tag per ounce is at a discount to the oil exchange credits price of ANOTHER'S $5,000.
Folks who are bureaucrats in DC and shoe shiners in Poughkeepsie just don't get it. I say, let the miners get what is their fair share, and believe me, $2,000 per oz for raw untraceable gold is certainly a fair price in a world of $5,000 per troy oz gold. And let free enterprise
do what it does best: ration supply!!!
Now if GATA would get me the difference between the $2,000ish I know
individual miners are getting and the $5,000 the boys at Ft Knox are getting in exchange for Saudi oil, then you might have a convert candidate here, Richard.
But until then, I'll settle for my niche in the $2,000ish per troy oz market, and be grateful for the nuggets and specimens that flop into my clean-up sluicebox.
Frankly, I offer this anecdotal evidence to those doubters out there in GPM land who believe everything the CB's and GreenSpandex feeds them about the 'true value' of gold. Those believers and those who hang on every chart flicker have been OUT OF THE SUN too long!
In the REAL WORLD: The Price of Gold is already a 3 tiered system:
1) Comex's ridiculous official price of $260 per T/O
2) ANOTHER'S oil exchange credits of $5,000 per T/O
3) Raw, untraceable free milling POG --NON-SPECIMEN --of $2,000 T/O
YEEEEEEEEEEEEEEEEEHAW for FREE ENTERPRISE!!!
(a cool place to go for free milling gold that I trust and have used in times past: