beardo
Well-Known Member
[youtube]Zfwh-i_yxnI[/youtube]
Who Here Believes in the Power of the SLA?
- Thread starter beardo
- Start date
newworldicon
Well-Known Member
Always got stock, never ask questions and ship anywhere in the world. Price is kinda irrelevant now, getting your hands on it is far more important.
My supplier: https://www.ukbullion.co.uk/silver
beardo
Well-Known Member
Yeah I think anything under 100$ an onuce is a good deal for now.
beardo
Well-Known Member
The markets about to open after being closed for a Long weekend....What will happen this week?
beardo
Well-Known Member
Up another dollar that's where it went this morning. That 43$ video is only a few days old and it's already up to 47.60
BoomerBloomer57
Well-Known Member
Here's my Ag Stance,,,,,
Own it Physically.
Buy it from ONE source, establish a relation with a knowledgeable coin shop. Yes, I said coin shop. Find one that's been around for 20-30 years.
After a few purchases the premium over spot may come down for you.
Buy bullion or non numismatic coins.
Physical 1 oz to 100 oz sized.
Morgans are nice but you'd better know that market and the MS rating system to score there.
I've been in it since the 70's. I've had the time to accumulate some neat collectables but
the bread and butter is bullion.
If you are under 40 and healthy, buy silver. Over 40 and healthy, buy silver.
It's important to start buying small amounts. 10 oz's to 100 oz's per week or month. Once you have it and the price goes up you can buy the same amount and cost average the high priced silver down. Same if it goes down. Buy the dips. Profits will be taken by the early buyers. Be patient and remember the Asian markets.
Resistance at $50.00 per oz. When she bust's $50.00 it's gonna get wild. And that could be this week. Could be.
As I see it,,,,,
Resistance is futile.
Luck to all but have a plan. And work it.
bb57
Own it Physically.
Buy it from ONE source, establish a relation with a knowledgeable coin shop. Yes, I said coin shop. Find one that's been around for 20-30 years.
After a few purchases the premium over spot may come down for you.
Buy bullion or non numismatic coins.
Physical 1 oz to 100 oz sized.
Morgans are nice but you'd better know that market and the MS rating system to score there.
I've been in it since the 70's. I've had the time to accumulate some neat collectables but
the bread and butter is bullion.
If you are under 40 and healthy, buy silver. Over 40 and healthy, buy silver.
It's important to start buying small amounts. 10 oz's to 100 oz's per week or month. Once you have it and the price goes up you can buy the same amount and cost average the high priced silver down. Same if it goes down. Buy the dips. Profits will be taken by the early buyers. Be patient and remember the Asian markets.
Resistance at $50.00 per oz. When she bust's $50.00 it's gonna get wild. And that could be this week. Could be.
As I see it,,,,,
Resistance is futile.
Luck to all but have a plan. And work it.
bb57
beardo
Well-Known Member
we had a small correction today but it's about to go way up
People taking profit is all, I almost have my monthly allotted wad to spend on another trip to my coin dealer,Once it starts climbing back up that will cement in the new low that will have lots of resistance attached.
beardo
Well-Known Member
Do you figure your monthly quota in ounces or dollars? how do you view it? An ounce is always worth an ounce.
I spend $500 every two weeks regardless of price.
Big P
Well-Known Member
i know im being a hater but....
Oyu Tolgoi Mine Reveals Massive Silver Deposits
The world's largest undeveloped copper and gold deposit is revealed to also have large amounts of silver
By Marko Lukic
March 17, 2011
Share...
Oyu Tolgoi, the world’s largest undeveloped copper and gold deposit, is now gearing up to be a significant producer of silver. Responding to the highest commodity price in 31 years, mine operators have published new projections on the estimated silver yield, attracting international investment.
Ivanhoe Mines, the majority owners and operators, said in a statement last week that “although Oyu Tolgoi is best known for its large and growing deposits of copper and gold, silver forms a significant proportion of the total Oyu Tolgoi resource.”
Speaking to reporters, Executive Chairman and CEO Robert Friedland commented on the new figures, saying “While we have not routinely itemized the silver content of Oyu Tolgoi’s … in our discovery reports, the buoyant global silver market has fuelled the interests of investors and has prompted us to more widely circulate the projections for silver production that have been prepared as part of our project planning and development studies.”
The mine, located in Mongolia’s remote Gobi Desert, could produce an estimated 2.4 million kilos of silver in its 27-year operational lifespan. This is in addition to the projected half a million tons of copper, 160 million pounds of molybdenum, and 41,000 pounds of gold.
“Oyu Tolgoi will rank as a very substantial silver producer when commercial production begins in 2013.”, said Friedland. Ivanhoe Mines owns a 66 percent stake in the operation, whilst the Mongolian government owns 34 percent.
The Oyu Tolgoi mine represents a valuable resource not only for Mongolia but for the entire world, and Move One is proud to have been a key partner in making the remote location accessible to international industry. The rugged and inhospitable landscape of the Gobi region of Mongolia requires the unique expertise of Move One to ensure that materials are delivered regardless of their size or the difficulty of the terrain. Move One is actively involved in Mongolia’s industrial development, using all resources at its disposal to assist with freight forwarding and logistics services. Through its facilities in Mongolia, Move One offers an extensive range of supply chain services and is ready to handle any requirements throughout the region..
For further information about our logistics services in Mongolia, please contact Noah Glassco, Move One’s Country Manager for Mongolia at [email protected]
Oyu Tolgoi Mine Reveals Massive Silver Deposits
The world's largest undeveloped copper and gold deposit is revealed to also have large amounts of silver
By Marko Lukic
March 17, 2011
Share...
Oyu Tolgoi, the world’s largest undeveloped copper and gold deposit, is now gearing up to be a significant producer of silver. Responding to the highest commodity price in 31 years, mine operators have published new projections on the estimated silver yield, attracting international investment.
Ivanhoe Mines, the majority owners and operators, said in a statement last week that “although Oyu Tolgoi is best known for its large and growing deposits of copper and gold, silver forms a significant proportion of the total Oyu Tolgoi resource.”
Speaking to reporters, Executive Chairman and CEO Robert Friedland commented on the new figures, saying “While we have not routinely itemized the silver content of Oyu Tolgoi’s … in our discovery reports, the buoyant global silver market has fuelled the interests of investors and has prompted us to more widely circulate the projections for silver production that have been prepared as part of our project planning and development studies.”
The mine, located in Mongolia’s remote Gobi Desert, could produce an estimated 2.4 million kilos of silver in its 27-year operational lifespan. This is in addition to the projected half a million tons of copper, 160 million pounds of molybdenum, and 41,000 pounds of gold.
“Oyu Tolgoi will rank as a very substantial silver producer when commercial production begins in 2013.”, said Friedland. Ivanhoe Mines owns a 66 percent stake in the operation, whilst the Mongolian government owns 34 percent.
The Oyu Tolgoi mine represents a valuable resource not only for Mongolia but for the entire world, and Move One is proud to have been a key partner in making the remote location accessible to international industry. The rugged and inhospitable landscape of the Gobi region of Mongolia requires the unique expertise of Move One to ensure that materials are delivered regardless of their size or the difficulty of the terrain. Move One is actively involved in Mongolia’s industrial development, using all resources at its disposal to assist with freight forwarding and logistics services. Through its facilities in Mongolia, Move One offers an extensive range of supply chain services and is ready to handle any requirements throughout the region..
For further information about our logistics services in Mongolia, please contact Noah Glassco, Move One’s Country Manager for Mongolia at [email protected]
Big P
Well-Known Member
Last Updated : 30 March 2011 at 18:40 IST
China finds another huge rare earth deposit in Zhejiang
BEIJING (Commodity Online) : World’s rare earth monopoly China on Wednesday found yet another huge rare earth deposit in its eastern province of Zhejiang.
According to Zhejiang geological department the deposit contains more than 70 tonnes of scandium. It is the first time that such a large scandium deposit has been found in the Province.
Scandium is one of 17 rare earth metals which are widely used in the manufacture of electronics and other high-tech products.
Besides scandium, geologists also found other precious metals and non-ferrous metals in the deposit, including 800 tonnes of silver, 130,000 tonnes of lead and zinc, and 3,000 tonnes of cadmium.
Substantial quantities of stannum, gallium and rhenium were also found in the deposit. It is estimated that the metals in the deposit are worth more than 70 billion yuan.
It is also the first time that such a variety of precious metals, non-ferrous metals and rare metals have been found in a single deposit in Zhejiang.
China finds another huge rare earth deposit in Zhejiang
BEIJING (Commodity Online) : World’s rare earth monopoly China on Wednesday found yet another huge rare earth deposit in its eastern province of Zhejiang.
According to Zhejiang geological department the deposit contains more than 70 tonnes of scandium. It is the first time that such a large scandium deposit has been found in the Province.
Scandium is one of 17 rare earth metals which are widely used in the manufacture of electronics and other high-tech products.
Besides scandium, geologists also found other precious metals and non-ferrous metals in the deposit, including 800 tonnes of silver, 130,000 tonnes of lead and zinc, and 3,000 tonnes of cadmium.
Substantial quantities of stannum, gallium and rhenium were also found in the deposit. It is estimated that the metals in the deposit are worth more than 70 billion yuan.
It is also the first time that such a variety of precious metals, non-ferrous metals and rare metals have been found in a single deposit in Zhejiang.
Big P
Well-Known Member
March 19, 2011
Texas silver mine gets new life after 1942 closure
(AP) SHAFTER, Texas (AP) — A highway sign proclaims "Shafter Ghost Town," and on either side of the two-lane blacktop are ruins of stone and adobe structures amid a handful of houses.
About 70 years ago this patch of West Texas desert was home to a bustling community and one of the nation's most reliable sources of silver. That all began to wither in 1942 when a wartime work force shortage and plummeting silver prices forced the Presidio Mine to close and hastened Shafter's demise.
Today, a Canadian company is reviving the mine to take advantage of silver prices that have tripled since 2009, giving the few dozen residents still living in the area more action than they've seen in decades. The mine will return significant metals production to Texas for the first time in many years.
"No doubt the price of silver makes this a viable project," said Sandy McVey, the project manager for Vancouver-based mining firm Aurcana Corp., referring to prices that have spiked to more than $30 an ounce. "And we need to get this mine up and running fast before the window of opportunity closes."
The Rio Grande Mining Co., acquired by Vancouver-based Aurcana Corp. in 2008, is building roads and installing underground equipment. It expects to begin producing 800-pound silver bars by the middle of next year. Production is estimated at 3.8 million ounces of silver annually — about half the amount the nation's largest single silver operation, the Greens Creek mine in Alaska, produces now. Idaho and Nevada are also major silver mining states.
A groundbreaking last month at the site 190 miles southeast of El Paso may have been the biggest event locally in a couple generations. The last high point came in 1971, when film director Robert Wise, who directed "The Sound of Music," used the mountains and ghost town of Shafter for scenes in the science fiction thriller "The Andromeda Strain." Generally, humans are few and far between.
The original mine opened in 1880, and in 1943 Shafter was home to 1,500 people. It once had a post office, a school, two saloons and a dance hall but now only has about 60 residents.
"There used to be a restaurant here, probably before 1980," said Patt Sims, a retired school teacher who has lived here since 1976. "One cook, one baker, one entertainer, one waitress. They got tired of working 80 hours a week."
The new project could employ as many as 180 people. A feasibility study published last year suggested oil field workers could be hired from nearby Presidio and Marfa. Another source of manpower is Ojinaga, Mexico, a town of about 20,000 across the Rio Grande and famously occupied 100 years ago by Mexican revolutionary Pancho Villa.
Sims, among other residents, wonders what the mine will mean for the area, where people like the quiet life. "It'll be interesting to see what comes of it," she said.
State history records show the Spanish prospected the area in the 1600s and Franciscan friars operated silver mines near El Paso about 1680.
In 1880, the 4,000-foot-long, 1,500-foot-deep Presidio Mine opened and employed as many as 400 people. It accounted for more than 92 percent of all the silver and 73 percent of all the gold produced in Texas.
Rich Kyle, a geology professor at the University of Texas who has explored the mine, said the Shafter project is a major step for a state that hasn't had significant metal production for decades.
"There are a lot of silver resources on the planet certainly a lot larger and much better, but that's not the point," Kyle said. "I'm excited about it personally as a mineral geologist in Texas, a state obviously dominated by the petroleum industry."
Aurcana notes mining at Shafter wasn't stopped more than a half-century ago because the ore ran out. "We are mining exactly the same vein of silver, the same ore body," McVey said. "We're mining where it's a little bit deeper, where the grade is a little bit lower."
McVey said Rio Grande Mining is taking advantage of the previous work. "We've got tunnels we can get into. Some are fairly small, but it's easier to get into existing tunnels than break into new rock," he said. "You have a 60-year database of operating here, from 1880 to 1940."
One attempt to resurrect the mine was aborted in the early 1980s when silver prices rose, then crashed as brothers Bunker and Herbert Hunt notoriously tried to corner the silver market in a scheme that led them to financial and legal troubles.
Modern mining techniques and sophisticated chemical processes that separate silver from rock make the mine more attractive — including the piles of waste left behind by the old mining operations.
"We can get productivity they just couldn't dream about with the old technology," McVey said.
Texas silver mine gets new life after 1942 closure
(AP) SHAFTER, Texas (AP) — A highway sign proclaims "Shafter Ghost Town," and on either side of the two-lane blacktop are ruins of stone and adobe structures amid a handful of houses.
About 70 years ago this patch of West Texas desert was home to a bustling community and one of the nation's most reliable sources of silver. That all began to wither in 1942 when a wartime work force shortage and plummeting silver prices forced the Presidio Mine to close and hastened Shafter's demise.
Today, a Canadian company is reviving the mine to take advantage of silver prices that have tripled since 2009, giving the few dozen residents still living in the area more action than they've seen in decades. The mine will return significant metals production to Texas for the first time in many years.
"No doubt the price of silver makes this a viable project," said Sandy McVey, the project manager for Vancouver-based mining firm Aurcana Corp., referring to prices that have spiked to more than $30 an ounce. "And we need to get this mine up and running fast before the window of opportunity closes."
The Rio Grande Mining Co., acquired by Vancouver-based Aurcana Corp. in 2008, is building roads and installing underground equipment. It expects to begin producing 800-pound silver bars by the middle of next year. Production is estimated at 3.8 million ounces of silver annually — about half the amount the nation's largest single silver operation, the Greens Creek mine in Alaska, produces now. Idaho and Nevada are also major silver mining states.
A groundbreaking last month at the site 190 miles southeast of El Paso may have been the biggest event locally in a couple generations. The last high point came in 1971, when film director Robert Wise, who directed "The Sound of Music," used the mountains and ghost town of Shafter for scenes in the science fiction thriller "The Andromeda Strain." Generally, humans are few and far between.
The original mine opened in 1880, and in 1943 Shafter was home to 1,500 people. It once had a post office, a school, two saloons and a dance hall but now only has about 60 residents.
"There used to be a restaurant here, probably before 1980," said Patt Sims, a retired school teacher who has lived here since 1976. "One cook, one baker, one entertainer, one waitress. They got tired of working 80 hours a week."
The new project could employ as many as 180 people. A feasibility study published last year suggested oil field workers could be hired from nearby Presidio and Marfa. Another source of manpower is Ojinaga, Mexico, a town of about 20,000 across the Rio Grande and famously occupied 100 years ago by Mexican revolutionary Pancho Villa.
Sims, among other residents, wonders what the mine will mean for the area, where people like the quiet life. "It'll be interesting to see what comes of it," she said.
State history records show the Spanish prospected the area in the 1600s and Franciscan friars operated silver mines near El Paso about 1680.
In 1880, the 4,000-foot-long, 1,500-foot-deep Presidio Mine opened and employed as many as 400 people. It accounted for more than 92 percent of all the silver and 73 percent of all the gold produced in Texas.
Rich Kyle, a geology professor at the University of Texas who has explored the mine, said the Shafter project is a major step for a state that hasn't had significant metal production for decades.
"There are a lot of silver resources on the planet certainly a lot larger and much better, but that's not the point," Kyle said. "I'm excited about it personally as a mineral geologist in Texas, a state obviously dominated by the petroleum industry."
Aurcana notes mining at Shafter wasn't stopped more than a half-century ago because the ore ran out. "We are mining exactly the same vein of silver, the same ore body," McVey said. "We're mining where it's a little bit deeper, where the grade is a little bit lower."
McVey said Rio Grande Mining is taking advantage of the previous work. "We've got tunnels we can get into. Some are fairly small, but it's easier to get into existing tunnels than break into new rock," he said. "You have a 60-year database of operating here, from 1880 to 1940."
One attempt to resurrect the mine was aborted in the early 1980s when silver prices rose, then crashed as brothers Bunker and Herbert Hunt notoriously tried to corner the silver market in a scheme that led them to financial and legal troubles.
Modern mining techniques and sophisticated chemical processes that separate silver from rock make the mine more attractive — including the piles of waste left behind by the old mining operations.
"We can get productivity they just couldn't dream about with the old technology," McVey said.