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Wait a minute -- I thought Uncle Warren and Uncle Charlie were looking out for the little guy.
Munger never went to finishing school like Uncle Warren did.
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New Gold Announces Record Gold Production in 2011, 25% Increase in Gold Resources per Share and 2012 Guidance with Production Growth at Lower Costs
http://www.marketwatch.com/story/new-gold-announces-record-gold-production-in-2011-25-increase-in-gold-resources-per-share-and-2012-guidance-with-production-growth-at-lower-costs-2012-02-02-8000?siteid=nbsh
Very nice.
That is chilling.
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He's 2 for 2 with Tim Lincecum and Larry Bird. Pretty cool.
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basser,
I know you've followed ECU pretty closely for a few years; what are your thoughts on that merger?
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http://finance.yahoo.com/news/Nevsun-2010-Annual-Results-iw-3782602673.html?x=0&.v=1
Nevsun 2010 Annual Results and 2011 Outlook
With a strong cash position and a great start to the year we look forward to a very positive 2011. We plan to:
-- produce over 1,000 ounces gold per day;
-- accumulate significant cash from operations;
-- significantly add to existing Bisha reserves beyond the 40% increase recently announced;
-- apply for a mining license on the Harena deposit;
-- actively evaluate possible acquisitions and, if able to identify an asset of sufficient quality at a reasonable price, expand our property portfolio; and
-- explore a potential dividend policy to provide a cash return to shareholders.
Very interesting if they declare a dividend.
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Wow, I'm wiser than I first thought. <G>
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Gold may or may not survive the coming real estate boom
May not survive? God is the one thing virtually certain to survive whatever lies ahead.
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I'm not sure I fully agree with the graphic presentation related to its explanation of FDR's confiscation of private gold (done to combat deflation by preventing hoarding, was championed by "populists", bolstered the economy, contributed to his landslide election, etc. The presentation implicitly suggests that gold "hoarding" should be made illegal, as FDR essentially did. Such "hoarding" would be unnecessary if we had remained on the gold standard, and suggesting that our removal from the gold standard "bolstered the economy" seems pretty ignorant.
That said, Goldline's premiums do seem absurd, which is not uncommon for the precious metals dealers that advertise heavily. I've seen the best deals from APMEX, Tulving, and (at times) EBAY.
If Rep. Weiner is really concerned with consumer protection, maybe he can also ask for an honest investigation of the Fed and the larger manipulation of the gold and silver markets.
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Great news after the close for NGD:
http://finance.yahoo.com/news/New-Golds-Cerro-San-Pedro-prnews-988929280.html?x=0&.v=8
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Great Denninger piece, Dan. Thanks for posting it.
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Terrific news. The stock appeared to have priced in a permanent shutdown of Cerro San Pedro.
basser,
"Unbelievable" didn't mean that I don't believe it. <G> The crooks are definitely in charge of the bank. The social chaos headed our way is a bit unnerving.
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Unbelievable.
Very bullish. Thanks.
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dan,
Great commentary on Nadler. He indeed is a mental midget.
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Classic
Thanks Dan. I should've found that one myself. <G>
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Is Dylan Rhatigan on MSNBC in the a.m. now?
That video is unbelievable, though it appears to be somewhat dated. Is that current, or a few years old? Any idea?
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Outstanding column.
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Phew! Thank God the economists are in favor of Bernanke.
Shouldn't that more accurately be the Keynesian economists? I think you'd be hard-pressed to find Austrian-school economists who think Bernanke is capable of running a lemonade stand.
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I truly don't understand this:
Third, Mr Bernanke is cut from the same market libertarian cloth that got the Fed into this mess
A true "market libertarian" would abolish the Fed altogether and oppose the grotesque government intervention that created this mess. How on earth is Helicopter Ben "libertarian" at all?
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You can see that there are many years where silver eagles are more desireable, like in every investment it pays to do your homework, and do some research before buying anything.
Most likely due to scarcity based on age and mintage.
American Precious Metals has always been reliable for me:
https://www.apmex.com/Default.aspx
Hilarious.
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Outstanding rant by Karl! Bravo.
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Odd story, even odder lack of reporting of it.
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Susie may need the work in a few years after she has no more following.
It amazes me that people in the '30s pulled their money out of banks because they were worried about insolvency, while nowadays many of the major banks ARE insolvent (so much so that the government doesn't want anyone to know which ones are weak) and people think that it is different this time.
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On 60 Minutes tonight the head of the FDIC said it had the full backing of the US government behind it and couldn't run out of money. That's hilarious when you realize that the government is already bankrupt!
Hilarious, or pathetic that most of the viewing public probably nodded their heads in agreement.
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Denninger:
http://www.321gold.com/editorials/denninger/denninger060109.html
Make sure you watch the video. This will come back to haunt her at some point.
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ECU appears to have broken out. Nice day, great volume.
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Interesting point. Thanks.
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basserdan,
Nothing would surprise me with regard to gold confiscation, but I'm not sure how easily it could be accomplished. What do you think the likelihood is?
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Denninger is correct; people better wake the hell up.
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bd,
Seems like great news with ECU.
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Denninger nailed it today. Bravo.
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Another excellent column from Mr. Schiff.
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Thanks for that post, basser.
The Creature from Jekyll Island is a must read.
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