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 .
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.
Well said, 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 -
All miners and all People - should demand to be payed in gold & silver - for all work its their RIGHTS -
if they don't want to continue as slaves and be payed in paper banksters cults fiat slave poncy scheme -
Gold & Silver have replaced every fiat currency for the past 3000 years -
Market Data 
Markets 
AI
