Gold stocks

Profitseeker · 27 April 2006

Hi,

Changed my gold stock holdings around a bit. I now hold BDG, ALD BGF. I am very bullish on the first two. Bought the third one because of the weakness. hopefully got it right.

Kipp · 28 April 2006

Profitseeker said:
Faber says gold price may reach $US6000

Bet ya $100 it doesn't....
I remember my step-dad saying something interesting once that if Gold prices ever reached $1000/ounce then it's commerically viable to extract if from sea water (which contains a pathetic .02g Au/tonne or something along those lines.) Anyone else ever hear that?

That aside, I really think $6,000 is not going to happen- just think of all the pissy gold reserves in Australia and the globe (<1g/tonne) that are not currently mined, forget about it....

bvbfan · 29 April 2006

Kipp said:
That aside, I really think $6,000 is not going to happen- just think of all the pissy gold reserves in Australia and the globe (<1g/tonne) that are not currently mined, forget about it....

Do you know how long it would take to get these pissy gold reserves out by building a mine?
Thats the way the any great spike will happen, the supply won't be there to cover the demand and the reserve banks won't be able to help because they would have sold as per the agreement at much lower levels

crackaton · 29 April 2006

Kipp said:
Bet ya $100 it doesn't....
I remember my step-dad saying something interesting once that if Gold prices ever reached $1000/ounce then it's commerically viable to extract if from sea water (which contains a pathetic .02g Au/tonne or something along those lines.) Anyone else ever hear that?

That aside, I really think $6,000 is not going to happen- just think of all the pissy gold reserves in Australia and the globe (<1g/tonne) that are not currently mined, forget about it....

Did you know volkswagon engines are made from manganese and that there is heaps of it dissolved in the ocean? Did you also know that if you coated a bar of zinc with gold it would look gold? Also have you ever considered how many stars are in the sky at any given time?

wayneL · 29 April 2006

crackaton said:
Did you know volkswagon engines are made from manganese and that there is heaps of it dissolved in the ocean?

Hmmmmm my dub's motor is made of MAGNESIUM. But it's only the crankcase.

Considering that mistake, I'll bet you didn't know that apples are part of the rose family, that bluebirds can't see the colour blue, the odds of getting killed by falling out of bed is 1 in 2,000,000, and tragically, 15 million gallons of wine were destroyed in the 1906 San Francisco earthquake.

This all has nothing whatever to do with Gold stocks, but astonishingly, you can make real diamonds from peanut butter LOL

http://www.pbs.org/wgbh/nova/transcripts/2703diamond.html

Alchemy is alive and well. Maybe they'll crack the turning lead into gold one day.

Cheers

RichKid · 29 April 2006

wayneL said:
Hmmmmm my dub's motor is made of MAGNESIUM. But it's only the crankcase.

Considering that mistake, I'll bet you didn't know that apples are part of the rose family, that bluebirds can't see the colour blue, the odds of getting killed by falling out of bed is 1 in 2,000,000, and tragically, 15 million gallons of wine were destroyed in the 1906 San Francisco earthquake.

This all has nothing whatever to do with Gold stocks, but astonishingly, you can make real diamonds from peanut butter LOL

http://www.pbs.org/wgbh/nova/transcripts/2703diamond.html

Alchemy is alive and well. Maybe they'll crack the turning lead into gold one day.

Cheers

Very interesting Wayne, thanks for the trivia, especially the link on diamonds. Wonder what DeBeers is thinking atm?

kgee · 29 April 2006

Hey Kipp
yeah I've also heard that there's more gold in the worlds oceans than anywhere else...as to it been achievable to extract it I seriously doubt it
I believe wer'e talking about somthing like 0.00001 AU parts per million I can't remember the figure's it was a long time since I read the book but basically you could do it by electrolysis but this would take massive amounts of energy...I've forgotten how to underline massive, but if I could I would...plus there's the conservation issue

YOUNG_TRADER · 29 April 2006

kgee said:
Hey Kipp
yeah I've also heard that there's more gold in the worlds oceans than anywhere else...as to it been achievable to extract it I seriously doubt it
I believe wer'e talking about somthing like 0.00001 AU parts per million I can't remember the figure's it was a long time since I read the book but basically you could do it by electrolysis but this would take massive amounts of energy...I've forgotten how to underline massive, but if I could I would...plus there's the conservation issue

OMG, that means everytime I've gone to the baech and swam, I've been swimming in Gold? You mean there ain't gold in them there hills? but rather in yonder beaches?

Quick to the ocean my friends where a fortune awaits! :

RichKid · 29 April 2006

YOUNG_TRADER said:
OMG, that means everytime I've gone to the baech and swam, I've been swimming in Gold? You mean there ain't gold in them there hills? but rather in yonder beaches?

Quick to the ocean my friends where a fortune awaits! :

Good one YT, made me smile, this is like something out of a James Bond movie, maybe there is some despot on a deserted isle somewhere designing a gold making machine that uses seawater!?? Let's call him Goldwater, maybe he'll float it on the ASX...ok, so that was very, very lame.

wayneL · 29 April 2006

More pedantry and trivia :

Densities of materials
metal g/cm^3 lb/in^3 lb/ft^3 lb/gal
water 1.00 0.036 62 8.35
aluminum 2.70 0.098 169 22.53
zinc 7.13 0.258 445 59.50
iron 7.87 0.284 491 65.68
copper 8.96 0.324 559 74.78
silver 10.49 0.379 655 87.54
lead 11.36 0.410 709 94.80
mercury 13.55 0.490 846 113.08
gold 19.32 0.698 1206 161.23

The lb/gal column is used for comparison to a gallon of milk, which weights about 8.4 lb (it's mostly water). If that milk were changed to aluminum, it would weigh about 22.5 lb. If it were changed to gold, it would weigh about 161 lb (19 gallons of water)! Did you notice that copper is heavier than iron? A cubic foot of iron is 491 lb. A cubic foot of copper is 559 lb. Silver is even heavier than copper, at 655 lb for a cubic foot. Gold is really heavy at 1206 lb for a cubic foot. When you see a movie of thieves carrying bars of gold, you know they are faking it!

YOUNG_TRADER · 29 April 2006

RichKid said:
Good one YT, made me smile, this is like something out of a James Bond movie, maybe there is some despot on a deserted isle somewhere designing a gold making machine that uses seawater!?? Let's call him Goldwater, maybe he'll float it on the ASX...ok, so that was very, very lame.

Nonesense Rich, Money Penny has just faxed me the details, M wants me to go to the Tropics to find this GoldWater, the diabolical bastard plans to flood the world markets with Gold!

YOUNG_TRADER · 29 April 2006

lol what am I doing?
Its 9.30pm on a Saturday evening, I'm 22,all my friends are going out to the clubs and here I am looking for some good gold companies given Gold has now broken out to above $650 US/oz

Sometimes I worry about myself, goodthing my gf's is coming over in half an hour to take me out, lol she hates all these investment markets, although she does seem to enjoy the lifestyle it can bring to those who are succesful at it,

Back on topic, have been looking at a few other gold plays as I may want more exposure than just BMO, have a few on my list they range from pure explorers, to project feasibilities to on the way to production, who to choose, who to choose,

BDG, AVO, ALD, ARX, AAM, TTR, RED, NAV, ARE, LEF, CTO, OGD, TRY, RDR

(I have held BDG, ALD & ARX before)

hypnotic · 29 April 2006

YOUNG_TRADER said:
lol what am I doing?
Its 9.30pm on a Saturday evening, I'm 22,all my friends are going out to the clubs and here I am looking for some good gold companies given Gold has now broken out to above $650 US/oz

Sometimes I worry about myself, goodthing my gf's is coming over in half an hour to take me out, lol she hates all these investment markets, although she does seem to enjoy the lifestyle it can bring to those who are succesful at it,

Back on topic, have been looking at a few other gold plays as I may want more exposure than just BMO, have a few on my list they range from pure explorers, to project feasibilities to on the way to production, who to choose, who to choose,

BDG, AVO, ALD, ARX, AAM, TTR, RED, NAV, ARE, LEF, CTO, OGD, TRY, RDR

(I have held BDG, ALD & ARX before)

Hello Young Trader,

Yeah i am looking for a gold company myself, it seems the gold price will never stop growing... $651 US/oz now, just crazy.

Personally i think the high gold price may not stay for too long maybe for another year or 2? (that i am not sure i am just guessing, i know to know where is the demand for these things? why is gold price going up so much?)
I would think those company who currently have mines and producing gold, or those who are nearly drilling would be the companies to look for. What is your opinion on that?

Hypnotic

nizar · 29 April 2006

LOL dont worry YT, this will pay off, ur only a few months away from that e46 m3 or even wait a few more months and get the new Porsche 911 Turbo, they retail for 327Gs...

Dont forget LHG, seems to move well with increasing gold price..

Hedging is there, but only 200koz, the rest of the 670koz production target for this year sold on spot market, next year 800koz forecast with 250koz hedged only, and for 2008, 1million oz planned with minimal hedging..

Low cost producer (~usd250oz), looks set to benefit the most earnings wise of gold gets to 1000+usd/oz..

I like BDG also, 500koz pa for 20 years, low costs and fully unhedged... a good long term hold and no sovereign risk like LHG

crackaton · 30 April 2006

wayneL said:
Hmmmmm my dub's motor is made of MAGNESIUM. But it's only the crankcase.

Considering that mistake, I'll bet you didn't know that apples are part of the rose family, that bluebirds can't see the colour blue, the odds of getting killed by falling out of bed is 1 in 2,000,000, and tragically, 15 million gallons of wine were destroyed in the 1906 San Francisco earthquake.

This all has nothing whatever to do with Gold stocks, but astonishingly, you can make real diamonds from peanut butter LOL

http://www.pbs.org/wgbh/nova/transcripts/2703diamond.html

Alchemy is alive and well. Maybe they'll crack the turning lead into gold one day.

Cheers

lol sorry meant magnesium what was I thinking. Those old VW's go for ever.

Wonder how much valuable minerals are take from the sea through de-salination

crackaton · 30 April 2006

YOUNG_TRADER said:
OMG, that means everytime I've gone to the baech and swam, I've been swimming in Gold? You mean there ain't gold in them there hills? but rather in yonder beaches?

Quick to the ocean my friends where a fortune awaits! :

I've found many a metal trinket whilst combing the beachs and lost of other interesting stuf.

YOUNG_TRADER · 30 April 2006

nizar said:
LOL dont worry YT, this will pay off, ur only a few months away from that e46 m3 or even wait a few more months and get the new Porsche 911 Turbo, they retail for 327Gs...

Dont forget LHG, seems to move well with increasing gold price..

Hedging is there, but only 200koz, the rest of the 670koz production target for this year sold on spot market, next year 800koz forecast with 250koz hedged only, and for 2008, 1million oz planned with minimal hedging..

Low cost producer (~usd250oz), looks set to benefit the most earnings wise of gold gets to 1000+usd/oz..

I like BDG also, 500koz pa for 20 years, low costs and fully unhedged... a good long term hold and no sovereign risk like LHG

lol, I'm actually looking to sell the car n get a Boxster S or Merc SLK 350,

Back on gold, I am looking @ LHG now, can't go back to BDG just yet, production is so far away (proper levels anyway won't be achieved until 2008)

Jay-684 · 30 April 2006

YT you have PM

professor_frink · 30 April 2006

hello gold bugs,
just reading an article on gold's seasonal tendancies on financial sense- interesting stuff and well worth a read-

http://www.financialsense.com/editorials/casey/2006/0428.html

hypnotic · 30 April 2006

professor_frink said:
hello gold bugs,
just reading an article on gold's seasonal tendancies on financial sense- interesting stuff and well worth a read-

http://www.financialsense.com/editorials/casey/2006/0428.html

Fascinating story there professor!!

I guess that might answer some of my questions.

Definitely putting more research effort on some gold stocks.

Cheers,

Hypnotic

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