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Last Post: 1/11/2015 1:16:17 PM - Followers: 4 - Board type: Free - Posts Today: 0

Events / Media Contractor United Mining to Build Mine Price of Silver Soaring - Investor-Fueled 74% Gains Dwarf Gold; Race to Open Mines Ring the Bell at the TSX
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United Mining Group Commences Trading on Frankfurt Exchange Under Symbol "UM8"

UMG:CA

About United Mining Group

UMG is a US based, profitable, vertically integrated mining company based in Idaho's Silver Valley, the second largest silver camp in the world. UMG is earning an 80% interest in the Crescent Silver Mine which has historically produced 25 million ounces of silver at an average grade of 27.3 opt (SRK 43-101, March 2010). UMG is committed to building a senior silver-producing mining company based on aggressive exploration and development of its highly-prospective current land position and through the acquisition of additional silver interests.



UMG rings the bell at the TSX
Watch UMG Ring the Bell at the TSX

 

http://www.unitedmininggroup.com/graphics/LandClaims_Map_sm.jpg

 

http://www.unitedmininggroup.com/graphics/umg_geo.section.lrg.jpg

 

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  http://www.shoshonenewspress.com/special_sections/
 

Silver to Surge to $450/oz and Gold to $12,000/oz - Cazenove's Robin Griffiths

Gold and silver are higher this morning with the dollar, the British pound and commodity currencies falling in value. It is too early to tell whether the recent margin driven, paper sell off on the COMEX is over but physical supply remains limited while demand remains robust, particularly in China, India and wider Asia.

GoldCore
Cross Currency Rates

Knowledgeable experts continue to urge investors to own gold and silver due to the likelihood of much higher prices, currency and inflation risk.

One of the most respected global technical and macro strategists in the world, Robin Griffiths has said that silver and gold could rise to $450 and $12,000 per ounce respectively due to the debasement of paper currencies.

GoldCore
Dow Jones to Gold Ratio - 50 Years (Quarterly)

Griffiths was chief technical strategist with HSBC for over 20 years, has 44 years investment experience and now works for Cazenove Capital, one of the oldest investment houses in the world tracing its origins back to the 17th century. It manages money on behalf of blue blooded clients and is widely believed to manage some of the British Royal family's wealth.

When asked by King World News if his $350 target was a realistic price level for silver Griffiths stated, "That is absolutely not unrealistic. If you adjust the old all-time high for inflation...that gives you $450 for silver. Then you add in the fact that they are printing money, you can take it higher than that without any difficulty at all."

GoldCore
Dow Jones Industrial Average - 50 Years (Quarterly)

Griffiths told King World News that "Bulls (bull markets) are very successful at wobbling people out at the wrong time. "

Griffiths has previously said that not owning gold today is a form of insanity and "may even show unhealthy masochistic tendencies, which might need medical attention." (see  here)

He has also critiqued the western media's superficial coverage of gold and their resort to Warren Buffett's ignorant comments on gold despite money printing and international currency debasement on a scale never before seen in history .

Meanwhile perhaps the leading commodity expert of our time, Jim Rogers, has said that silver was not and is not a bubble.

Regarding the recent price correction he said, "I don't know what caused it maybe it was short covering, maybe it was rumors. I have no idea." He continued "silver went down a great deal but if you raise margin requirements 150%-200% you would expect something to collapse," he added.

"I hardly see how silver could be a bubble when, even at its top, it's still below its all-time high. That's not much of a bubble."

If it goes to $150 this year, all other things being equal, then I'd say you better sell your silver. If it goes to $150 in 10 years then I would say that's a normal progression up and that's the way things work. But if the U.S. dollar suddenly turns into confetti then you better hold your silver at $200. So it depends on the circumstances and the timing more than anything else.

Since 2003, GoldCore have said that gold and silver would reach their inflation adjusted highs of $2,400/oz and $130/oz. Our estimates appear increasingly conservative especially given the fact that the official inflation statistics have been debased over the years and are not an accurate reflection of real inflation.

Predicting the future price of any asset class is impossible. Predicting that gold and silver will continue to protect against financial and economic shocks and crashes and global currency debasement is possible.

The current correction should be used as another buying opportunity in order to protect against the continuing extraordinary degree of macroeconomic, monetary and geopolitical risk in the world.


 

 

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  • http://www.unitedmininggroup.com/graphics/umg_topography02.lrg.jpg

 

 

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#129   Don't know about 2015. The demand from China sanbrunobaby 01/11/15 01:16:17 PM
#128   Hopefully yet in 2015??? bigone 01/11/15 12:25:02 PM
#127   Agree no hurry though I am starting slowly. sanbrunobaby 01/11/15 12:17:50 PM
#126   Currently in US Gold & Silver trough a bigone 01/11/15 09:20:46 AM
#125   Hear anything will let you know ! right sanbrunobaby 01/11/15 08:55:44 AM
#124   Indeed. Please keep us posted as to any bigone 01/11/15 08:48:23 AM
#123   Me too. Wish he would start up his sanbrunobaby 01/11/15 08:35:49 AM
#122   I hope that he does so soon. bigone 01/10/15 06:23:18 PM
#121   The Sterling rounds probably mostly melted down so sanbrunobaby 01/10/15 04:12:56 PM
#120   I would love to read Bond's book when bigone 01/10/15 01:42:45 PM
#119   2003-2006 great time for Silver Valley ! Still sanbrunobaby 01/10/15 12:55:49 PM
#118   I wholeheartedly agree. bigone 01/10/15 12:53:06 PM
#117   The Silver Summit was great conference until it sanbrunobaby 01/10/15 12:45:26 PM
#116   Yes, it was quit an experience. We also bigone 01/10/15 11:30:46 AM
#115   Yes the second Silver Summit quite an experience. sanbrunobaby 01/10/15 09:49:51 AM
#114   maybe Hale converted the remaining debt to shares chemist99 09/10/14 02:45:51 PM
#113   For what it's worth; I contacted the court-appointed chemist99 07/10/14 12:21:48 PM
#112   UNITED SILVER CORP ORD (USCZF) NYBob 04/17/14 01:19:01 PM
#111   UNITED SILVER CORP ORD (USCZF) NYBob 03/24/14 01:18:41 PM
#110   United Silver Corp. Announces the Court-Appointment of a Receiver NYBob 03/24/14 01:14:47 PM
#109   chemist99' on 'United Silver Corp. (USC) NYBob 01/26/14 02:37:32 PM
#108   RIP, USC. chemist99 01/26/14 02:27:10 PM
#107   United Silver Corp (USC) NYBob 11/29/13 11:01:11 PM
#106   United Silver Corp (USC) NYBob 10/02/13 03:39:59 PM
#105   Massive Debt Levels Will Push Silver To $150 NYBob 09/07/13 05:19:20 PM
#104   should be an interesting meeting. I continue to chemist99 09/07/13 05:12:17 PM
#103   United Silver Corp. Sets Date of Annual Shareholders’ Meeting NYBob 09/07/13 04:56:42 PM
#102   hopefully they can resolve the credit situation speedily.... chemist99 09/06/13 08:29:17 PM
#101   United Silver Corp (USC) NYBob 07/19/13 10:36:56 AM
#100   United Silver Corp (USC) NYBob 05/23/13 01:41:43 PM
#99   United Silver Corp (USC) NYBob 03/03/13 01:26:01 PM
#98   United Silver Corp (USC) NYBob 01/22/13 03:14:55 PM
#97   United Silver Corp (USC) fiat$0.275 UP $0.065 +30.95% :-) NYBob 10/29/12 04:12:39 PM
#96   bigone OT. NYBob 08/31/12 03:13:34 PM
#95   Thanks for the update. Sounds very good to me. bigone 08/30/12 07:06:01 PM
#94   Ongoing exploration work will include selective re-sampling of NYBob 08/30/12 10:44:46 AM
#93   Very interesting.... What do you think of the bigone 08/29/12 05:08:57 PM
#92   http://www.shoshonenewspress.com/special/wallace_miner/page_f79e57c1-53ea-59f6-b NYBob 08/14/12 02:21:27 PM
#91   I would hope so.... bigone 08/02/12 07:55:42 PM
#90   bigone its only a speculation - NYBob 08/02/12 07:33:06 PM
#89   Wonder how this will influence New Jersey Mining bigone 08/02/12 04:49:23 PM
#88   HL is out bottom fishing with fiat$ offer NYBob 07/27/12 04:43:06 PM
#87   United Silver Corp. Finalizes LLC Agreement with Hale NYBob 07/25/12 12:19:52 PM
#86   Thanks NYBob. bigone 07/25/12 12:11:21 PM
#85   Fred Brackebusch resigns as Director of United Silver NYBob 07/25/12 11:33:44 AM
#84   United Silver Corp (USC) NYBob 07/12/12 01:27:04 PM
#83   United Silver Corp (USC) NYBob 06/12/12 12:04:43 AM
#82   United Silver Corp (USC) NYBob 05/17/12 11:06:30 PM
#81   Thanks NYBob. bigone 03/04/12 09:06:19 PM
#80   Thanks NYBob. My wife and I were honored bigone 02/28/12 10:52:43 PM
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