Americas Silver Corp fka USAPF

[NYBob]

SOUTHPEN thanks, RE: U.S., Canadian and Australian based gold
and silver mines will probably always have much higher capital
costs to production and much higher costs to extract than any
where else ,with in many cases lower grades and less resources
,yet deposits are worth more .Investors have to clue in that
there is a reason for that .

Ex..
I am a LT shareholder in Dickenson before it become
Goldcorp, and all pros. said about Red Lake Gold Mine;
that its out mined, to high labour cost, should be shut down
and the reclamation to be done.
No the reality was the complete opposite - we drilled and
found more gold -
today its one of the lowest cost gold
producers in the world - the world’s richest gold mine -
http://www.goldcorp.com/Unrivalled-Assets/Mines-and-Projects/Canada-and-US/Operations/Red-Lake/Overview-and-Operating-Highlights/default.aspx

not much labours going down -
the equipment be run from remote control computers
in the office etc. - its the modern state of art automatic
mining tech. etc.
Gold By-product cash costs (US$/oz) Au $297.-/oz

My experience tells me, that the Galena Silver Mine -
with more high tech. modern art autom. mining can be lower
the cost and make it even further more of a low cost silver
producer -

RE:
Ron Paul has been saying this for 30-40 years -
because he honor and following the Law of
USA Constitution and
the Rights for the PEOPLE -

The federal government can only do what it is told
it can do in Article 1, Section 8 of the Constitution.
That means the government can ONLY coin money, not create it
from thin air.
They are also supposed to REGULATE the value of money -
as Judge Nap says; KEEP IT REGULAR, not allow it to be
devalued.

According to Section 10, states CAN NOT make anything other
than gold and silver LEGAL tender (meaning people
[the free market] can use whatever they want as currency
BUT, legally, gold and silver are the official currency).

So to answer your question, according to the Constitution,
Gold and Silver ARE supposed to be the only 'legal' tender
in all of the states WHILE AT THE SAME TIME the government,
if it wants to, can only COIN money.
The federal government has no right to declare any form
of currency as 'legal tender' - even if it a metal like
COPPER that they are coining.
They definitely do not have the right to print money and
force it upon the people by decree.
Last edited by RileyE104; 12-23-2010 at 01:54 PM.
http://www.YouTube.com/user/RileyE104

Well said I agree -
RE: I agree Bob . If the U.S. gov't owned gold and silver as the constitution says it should and that gold and silver was locked away in a vault and all currency printed had to be backed by that gold and silver then USSIF price would skyrocket as would any other producer of gold and silver.Production would be value.Production costs would become marginal.Going with a gold and silver standard would be laws preventing any lending of that asset to provide a stable intrinsic value to both it and our currency in which the gold and silver remain intact as collateral.We need to hit a reset switch.Ron Paul has been saying this for 30-40 years.I think he would agree that to get this done it would be better at the International level.In other words all countries should participate.USSIF is a defensive investment,that's what people just don't get.The share price now is disappointing but matters little in the bigger picture.If an International agreement were reached to bring back the gold standard (even partial),Are we sure that gold,silver mines in South American countries would not be quickly nationalized? Are we sure the security of the area would be adequate for the labor and the product? U.S., Canadian and Australian based gold and silver mines will probably always have much higher capital costs to production and much higher costs to extract than any where else ,with in many cases lower grades and less resources ,yet deposits are worth more .
Investors have to clue in that there is a reason for that .
Ron Paul is of course a footnote on any discussion concerning
the value of gold and silver and their miners.

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God Bless