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I'm no spring chicken...married in 1980 at 24. But that looks like you still have over 10 years on me. Feeling a bit older this week as a dear Friend since age 5 passed away. Best year of my life was spent living with him off campus in College. Both ended up finding our future wives that year. He developed some health issues a few years back but the end came fast. His body got torn up doing sports mainly H.S. but lots didn't show up until he hit 65. Knew it was really bad when I called him a couple weeks ago and he couldn't even talk. My Dad is 92 so maybe I got some of his longevity. I guess time will tell.
Guess I will re-invest some or all my FTCO this month. It looks as undervalued compared with the market but still think mgmt. could be doing more to get the price up. They seem to think a 7% divvie we get to pay taxes on is a home run. LoL
you either got married latter in life or are a lot younger than I Its 55 years and I'm 83
rand son in the IAa National Guard. His company just got sent to Saudie arbia. I always
thought the Guard did the State. Not so aymore. Armed forces are to far under maned.
Military except Marines are gone woke. He would be a 2nd semester Sn at Iowa ST in
Civil Engineering. Thinks he will get back next July. The way thnigs are going I am worried
but the Arabs don't like the Iranians so maybe he will be safe in Arabia.
I have an CTG order in for AEM at the gap which should fill. Holding both FTCO and GORO
I should have lightened up on GORO. I hold mostly PM'ss and oils ost pay div. As for FTCO it reached my max number to
have so use its div to get others.
JSC sounds like you have been paying dues too. As far as the bride sounds like you're making the right sacrifices..... As one of my best buds used to say "If Momma ain't happy nobody is happy"! After 43 yrs with my wife I tend to agree..... As far as these Markets they continue to be "managed" Hard to keep your head up as we are all tired of buying at discounted pricing that continues to get discounted. I continue to re-invest divvies in the space. Yes FTCO is undervalued and Mgmt. continues to be too conservative in either divvies or stock buy backs. After what was a All Star run with GORO they have turned too conservative. They are hitting out of the park but seem to be more worried about their positions than US shareholders. More GRUEL PLEASE to quote the Christmas Classic. If you don't want to share the wealth then FOAD
wow you had a lot of experience. I can relate to the hide plant. In my early years I had a sales job selling maintence products
which included stanless steel items. I had to call on one of those.
Just got back from our fall leaf looking trip This year went to the FIndger lakes then to MAine. Maine had a bad year to mch rain
The bird sacntuary we went to vist was soaked so couldn't see much. It was our 6th trip to Maine. Wife had picked out 2
light houses to visit, Turned out both were distant view only. SHe also wanted to vist the Maine Cabin Masters site. One of her
favorit TV shows. Thank God got out of there spending less than $20 for items she will only use once anyway.
Have a good week
3rd Q production numbers.
https://www.fortitudegold.com/news/news-releases/fortitude-gold-reports-preliminary-third-quarter-gold-production-of-11122-ounces-maintains-2023-gold-production-outlook
Also what is Pepsi gonna do with all them useless Tesla Trucks?
Note: Don't own it if the fundamentals are not there, that makes it technically worthless! #1 reason that republicans don't own democrat slaves.
Hey JSC good to hear from you. I started with Quaker in St Louis as a retail rep in 79. Called on small chains which at that point there were still some there. Caught a break as Quaker liked to promote from within. Was an Ag-Econ/ Biz major at Missouri State and after testing and reviewing my work history they brought me to Chicago their HQ. Was a transformational break for me. Two years before I was working in a hide house that processed cattle hides from processing plants around MO, OK,AR and KS. tough job and also pretty nasty. I guess in retrospect it was a dues paying kind of job. My bride would make me take off my clothes in the garage of our rental cause they would stink up the house. When the route drivers didn't show I got the cover backup and it was stinky. I still remember going in to pick up food and people would clear out as I stunk from picking up cattle hides that may have been sitting for several days to a week in the heat...pretty freaking RIPE. To say the least it was a humbling experience. Bride and I decided her job was the better one as she was working in a steel foundry in St.Louis. I started looking and was lucky enough to get hired. by Quaker Oats. I worked retail and small chains in Metro St. Louis out to Herman, and south St. Genevive Mo.. Was a good break. Did that for 2 years and then after having a some decent results was given the chance to test. Turned out to be another break. Scores were good enough to interview for a job at HQ in Chicago. Got the job and was another great opportunity. Worked for a couple years and they encouraged me to go back to Grad School. Got lucky and scores were good enough to get into a top Biz School. Northwestern's Kellogg School which was a top 5 biz school. Was really lucky to have that happen. Took me 3 years to complete the program. Again timing, and hard work paid off. Good luck continued to present opportunities and the volatility of the Commodity markets provided the challenges that my education gave me the skills to seize the day.. After a few good years I was starting to get interest from other companies in the food chain. Pizza Hut/ YUM started to court me about coming to KS to work for Pizza Hut. I came and it was great....then after few years they decided to move to Dallas. Didn't want to go back to a big city. Commuted to Dallas and worked for them for a about a year and a half until I decided I was done. They gave me a great increase and made me a V.P. but I didn't want it anymore. Now nearly 30 years later I remain thankful for the opportunities and having the resources to be able to take advantage of. Thankfully been able to make a good living consulting and managing commodities positions What's your story?
Don't have SPX > 4400!
Did you work out of CR my wife is from there. from you handel I thought
you had expertise in Oil not grains. I am down to my last physical holding in \the Powder river basin
had several acquired vai simultanious biding but our Cambell CO Wy was a totoal purchase.
We actually hold IA crop ground but manage timber.It very rewardeing for the grand kids and ggreat for hunting and just watching wildlife
KC is not that ar from wher we are have a cosuin in the area.
To be honest, Ive covered my rear end by asking Jesus into my heart and repenting. If I remember what I read correctly, they didn't confiscate jewelry or rare coins. Read a small book by Jack hibbs called "all eyes on God, God's ultimate endgame". Pretty interesting book on current times and our worlds path. I've come to realize no matter how I try to prepare for whatever I think is in the future, it's out of my control. I have quite a few junior miners I speculate on as well as learning charts and short on TSLA and nvdia. I'm sure there is a reason central banks and governments have been buying gold at record paces since it was quietly made the only other tier 1 asset by bank international settlements.
Totally agree the base should be Phizz the only risk IMO is how to protect it. Not really talking about the market price you probably have already made your mind up that buying the dips when you have $$$ to invest is sound protocol. Do those that predict a 1930's call on the physical metal have it right? If so are you the in the dog ate mine? How do you cover your rear end in that scenario?
Were the jack of all trades, last 13 years been in the oil refineries rebuilding recip compressors, turbines and generators. Precision alignment on a datum compressor that spins 13k rpm and tolerances less than .002 of an inch. Like I said, I'm not a know it all, lots to learn. From my limited experience, nearly every new company the last few years has dropped below its opening price, macro picture of boomers retiring with finger on sell button will drop stock and real estate market like a rock if/when the crash happens, this company hasnt really diluted yet, may go high, might complete the head and shoulders i see . The great taking was pretty interesting in regards to last few decades the legal frame work has been getting set to strip you of securities and debt financed land. I may be premature in that as it more than likely won't happen in a few years but who knows. In regards to t-bills and the 5% interest, thats where I have a chunk of money for safe return without a downside of market crash taking value away. Im not in the habbit of broadcasting everything I hold so im ok being called an averge joe. The book Fake by Robert kiyosakie got me down the rabbit hole of real money. Miners is just a leveraged play on metals but physical is where it's at
Just one more comment. I certainly don't look down my nose at Millers. I worked 15 years for Quaker Oats in procurement and worked with their milling teams in Cedar Rapids Iowa and Shiremanstown PA. My desk was right outside the Director of Grain procurement and sales. Learned a bit about the skills and was always aware of the intrinsic challenges with how the weather challenges had to be figured out and managed. After that I spent a decade working for Pizza Hut in Wichita. What I learned with Quaker Oats helped us at Pizza Hut. Totally respect you guys!
I pretty much had my say. Good luck to you I guess we will differ on our viewpoints.
I have to admit, I'm not one bit phased or impressed by your "qualifications", as for mine, like you said im just some average joe that plays millwright. I find it amusing, even with all those "qualifications" you still don't grasp what I'm saying about the great taking. Somebody has a differing opinion than you and it's trolling? People are fairly predictable, some ego driven such as yourself. The ol head and shoulders may not pan out as no body can predict a market, fundamentals or technicals. If I am too hungup on technicals you are to emotional with this one ticker. Nevermind that you don't have any actual property rights with it but we all know the boomers can't weather the next bear market so maybe that's why your son set on pumping this?
Your way to wound up with technical trading. I know that's what everyone wants the markets to trade around but that's only part of the story. I ran a multi billion dollar commodity group for Pepsico Restaurant Group 1992- 2008s now known as YUM. Also for Quaker Oats from 1980's until 1990's. Ag Biz Undergrad, Finance MBA Kellogg Northwestern U. I ran the commodity group for Pizza Hut and their Commodity hedging. Also for Yum. Would guess you have been engaged in playing technical trading for awhile and don't pay much attention to the fundamentals. That's fine for you. If you have no skin in the game then why creep around and insult those that do? Do you have a Job? What are your qualifications? Are you a paid troll? I have followed Palisades for a ~ couple of years they have some good guests on a pretty regular basis. I have number of positions in the miners as well as a physical position. I started buying PMs 2006 in as well as miners.
Again, you still fail to grasp what the great taking is lol. You seem well spoken, but that's not everything. I have no shares of this company. You can browse back a few months, literally a week or two before the drop and see me ask lowjack of it looked like a double top. He gave opposite answer and it sure acted like a double top. Now monster head and shoulders while someone is saying $12-18. You may think your an investor, but give that Palisades gold radio episode a listen and see what your thoughts on stocks is after that
Now is the time to buy feed even all the way to end of FY 2024! Feed producers already got theirs last year. Drought stressed crop this year so harvest may come in light(corn 100-145 bu/acr). Empty diesel tanks till the last few weeks of Dec.. I'll see if I can bring oil down below $60.
bottoming candles showing up may retest broken uptrend line.
B.M.Right. Maybe you should stick to grinding wheat. If you don't like the stock then sell it and move on. As far as AU. prices I started buying PHYS at $ 666 so I am not overly afraid of the short term technicals. BTW I also was V.P. of Commodities for Pepsico Restaurants aka YUM also Director of Commodities at Quaker Oats in Chicago where I went thru the Commodity classes at the CBOT and the Merc in addition to getting MBA at Northwestern. I am not TRADING shares I am an investor. My days of 40-50 pages of trades for the IRS are over......YEAH. Good Luck with your trading, Hope you do great and make $$$.
Thanks LJ, Saw my neighbor had bought a new truck and stopped to chat with him. He runs a feedlot operation and times is GOOD! While he pastures them as the weather allows he finishes them on the grain he grows. Needless to say times are good for him with these markets
In your feeble attempt at trying superiority over this slightly above average average joe, you replied to a comment that went way over your head. Perhaps look up that website and the opening page will give you a hint about what went over your head. I'm by no means a know it all, and I'm open to learning, perhaps you should lay off the keyboard and do some learning as well?
Hope you are correct and we get a selloff. I am looking to buy a bunch more gold and add to my miners. Am strong with the rational thought process that the average Joe like yourself is probably like you still thinking that butt wipe fiat is the way to go. They will be devastated and then will clamor for the real money, The rise of PM's historically has been repeated over the last +2500 years as the fiat FAILS
At present we are still getting away with the massive printing of fiat. We the USA (maybe) the last horse at the fiat dog food plant but regardless the party is winding down. The weaker fiats are already cratering and perhaps creating the downdraft and the perhaps the reason the U.S. butt wipe is looking stronger. However spending even our fiat is buying less buy the month. If you believe the gooberment on our inflation numbers then that probably explains you mental shortage on the real money. Either way you can run along now or stick around to humor us and who knows you might even learn something.
Golds going the wrong way to cross 2100....... And historically when there's a market crash gold and silver sell off dramatically. Good luck with your dividend theory, I'm in Treasury bills with over 5% interst and practically zero risk. You get bored, look up "the great taking" .com or head over to palisades gold radio and listen to that episode.
yes and the Div is supporting the price.
I have my maax number of shares I hold in any one company so this div has me adding to another.
I ddo look for this to more than double as POG crosses 2100 jmo
More "lucky" buys, just wait. 1 year chart has a monster head and shoulders
those were lucky buys
I have it in 6 accounts al came in on the 29th
Looks like another solid batch of drill results in the backyard of our Nevada claims. Thanks to the team again looks like we are pushing out the portfolio of new areas to mine at good cost. Congrats to the FTCO team. Adding under $6 looks like a no brainer
No Divvie yet showing at Schwab as of 5;00 PM 9/28. Have 3 accounts at Schwab that have FTCO past closing time and still not showing any divvie dough. Anyone else seeing the divvie? Schwab has been a bit slow lately on divvie posting don't know if that's the Company or Schwab or the Banks. Know that we are seeing the system getting a bit more risky so what's next?
Thanks for the comments. I am good with the current exchange for now but would totally appreciate Jason/Team providing us with the Strategic Plan for developing the resources. We have a nice stash of cash and what appears to be a sweet bundle of assets to produce. Since we have had a year plus to evolve some strategy as well as kick up the dust on our properties a bit more would like to share in what the learning curve is providing and leading us to consider. I can imagine they are quite busy but also feel shareholders need to also have the benefit of what is transpiring. At present I feel like the proverbial victim of the management strategy of keeping them (shareholders) in the dark and feeding them shat. Also known as the Mushroom Strategy..... Maybe a bit impatient on my part but felt the need to remind them of how much we appreciate being included. That said its not my intent to vilify their efforts in fact quite the opposite its to appreciate what they have potentially discovered which looks like big time with lots of upside. Thanks FTCO team and keep up the solid decision making.
KC
unless the POG tanks big time the Div on this will keep the SP right about where it is.
This needs a lot mor revenue under its current game plan to gte SP up. Managment ins't
concerned with SP they are fixated on having cash to open and improve the mine claims they hold.
JMO
Lol great name! Here's this for a thought, Im fairly new to charting as I've always been a buy and hold type. Historically during financial collapses gold and silver tank briefly as much is traded in paper. In my opinion we are coming up on such collapse, then as simple as using ihub chart (I like the line graph because I'm simple minded) scroll over to the year chart and take a gander at the MASSIVE head and shoulders starting in January. Forecasted EPS is dropping the next few years according to trading view and revenue essentially staying flat. Since 2020 they've only diluted a bit less than 3 mil shares, every company eventually dilutes. I don't know much about this company but a certain person has pumped it to me many times, and when I recently asked about a certain pattern I saw I was told the opposite. Nobody's correct all the time but I'm gaining some confidence in my charting ability. Good luck on your idea!
Let Us think about this!
After last month's Company Dog and Pony show, I wrote Jason an email about the many comment's "people" had about share price. I presented the old arguments about moving to NYSE or NASQAQ as a way to get more institutional investors and thus higher market prices.
He responded very quickly and with some great thoughts. Moving to the NYSE would not be difficult but would open us up to the radical up and down swings of the gold funds who are under the control of "psychos". It also opens you up to the option players and their "spread games". Further you have just the expense of being listed.
All of these thoughts started me to believe the path we are on is the right path. We have six good, identified mine properties that need to be fully developed while not dumping gold of the market. These mines and their proven resources are the key to big share price gains. If FTCO can build its proven reserves to a million plus ounces in the next two years using on hand cash, think what a 25 million share company will demand on any market. Gold Fund and Option Market players would be shut out. Fund and Market rules would work against them.
The deserving players are the retail investors who hold 75% of the FTCO shares. That leaves about 6 million shares to be fought over. My idea is to quietly continue to buy up the remaining non-retail shares at bargain basement prices. Those are the shares day traders and short view "investors" trade. I would like to see 90% or more of the shares held by retail investors. When the time is right, we then push Jason to list on the NYSE. The little piece of the pie left for Wall Street would drive them nuts and make us very rich.
I was told under the trust certain items can be used for necessites such as food health and shelter those go untaxed.
I have 3 corporations set up to hold all holdings except the home. Stock holders are family which was the original idea to traansfer
with out huge estate tax as we gifted over years. In a corp there are many ways to take out funds. Officer saary, dividends loans the laons can become the
burden of the estate which if propery planed will have less assets remainhg then the amount owed which becomes a default and therfore a tax loss for the corp.
These are what our CPA uses. Each tax year they decide how much we take and how much we borrow to keep both personal and copr taaxes lowest possib;le.
:last year corp paid 0 we did some and CCPA got $4500.
The Federal tax rate on trusts allows a $300 deduction and then taxes the remainder of income at a flat 32%, as I recall. That limits their usefulness. Trusts are good for transfers of wealth to minor children and, perhaps, to people who can not or will not handle money properly. The other possibility is a charitable trust. I think you can draw a salary to direct the distribution, but you have to give the rest of the money away. A charitable remainder trust allows you to shelter your current income, but, again, gives the rest away at your death.
Really, the only real tax shelter left is whole life insurance. If you set up a trust for which you are neither beneficiary nor trustee and gift it a policy on your life, the proceeds - both face value of the policy and cash value - are tax free to the beneficiaries. The interesting thing is that you can overpay the premiums and let that overage go into the cash value where it is sheltered. I'm not sure if that's true for all whole life policies, but I think it is. You can pay the premiums tax free up to the limit of individual gift exclusion X the number of beneficiaries. Many policies even allow you to select from the available mutual funds and change allocations. The above doesn't reduce your taxes, but does help your loved ones.
Fair warning, I'm neither an insurance salesman nor CPA, so add salt judiciously.
Dino
sorry aboiut double post I have a tremmor
Have you looked into forming a trust
Have you looked into forming a trust
The only trick I know only works if you bought PMs at a higher price than the current market. A friend of mine, Michael Checkan, runs a PM dealership in Rockville, MD, called Asset Strategies International. They offer an unusual program. If you send them PM - bullion or coins - they will buy them from you at the current price and sell them back to you at the same price and establish a new basis. Because they're not securities, it's not a wash sale and you can deduct the paper loss on your taxes. Your only real loss is the cost of postage. - which, fortunately, is also deductible.
They do several unusual things. They invented the Perth Mint Certificates, for instance. They were also founding members of the Hard Assets Alliance.
Afraid that's the best I can do.
Dino
Thanks for the comments Dino. You are correct the AMT and divvies found that out last year. Totally sucks seems like they just keep chewing away on the tax breaks and deferral options. I have been acquiring Physical Metal since the late 1990s have not sold any yet. Do you have any scoop on the best way to sell PM's relative to taxation?. I hope to be able to leave it to kids and grandkids but who the heck knows how that plays out.
Best
KC
The theory is that purchasing stock on the open market and retiring it will increase the share price. Same value divided into fewer pieces should make the pieces bigger. However, according to Keynes, "The market can remain irrational longer than I can remain solvent." No guarantees, but if it does work, he's hoping that selling the stock at a profit is a more lightly taxed capital gain rather than the rate on dividends.
Actually, I'm not so sure. Since the dividends are "qualified", they're only taxed at 15%. Gains tax could be higher if you're in the upper brackets. N.B. I'm ignoring the AMT because no one, myself included, understands that.
Dino
how is using "horded cash" to buy treaury stock going to reduce the income tax when more ore is moned?
Companies buy treaury stock when they don't have any better investment to make. This si a mining company
with claims which need to be brough into production. That requires cash. When a strong comapy has cash it does not have to sell new share nor borrow
to expand production. IMO that is what managment si doing. I just wish they would move us onto a better exchange.
From your handle it indicates you are or were an oil man. I still have one oil property left in WY. I like natural resourcs
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We aim to leverage our tight capital structure from which to distribute outsized dividends.
Our strategy targets not only gold investors but the much larger pool of global investor capital chasing dividends and yield.
Fortitude Gold is well positioned to garner both gold equity valuations and obtain the market premium yield valuations.
Substantial dividends seek transcendence from solely a gold equity investment.
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