EDITORIAL: The Truth About “Supply Side” Gold Mining,
versus the “Sell Side” of Financial Mining!
Even though my mining credentials, as a high school dropout, only date back to the Great Uranium Rush of Moab, Utah in 1955, and as since I have been a certified looser in gold mining in Alaska, Oregon, Idaho, Montana, Nevada, California, and Panama — please consider that what I have to say has perhaps presented by an Eaton graduate (he claimed), named Roy, touted as an “gold mining financial expert” that used in his E-mail concerning yet-another-IPO debut, the old London Metal Exchange (LME) “good delivery bullion bar” delivered in a quaint English spelling of gold “oar,” instead of what I have always mistakenly called “ore.”
Methinks also that perhaps a primer of what is needed for investors interested in reading what a New York City “Street Smart” geologist has to say on his gold mining web site of why he is betraying his stated profession by claiming through magic of electronically buying through the use of our paper money already leveraged past the legal limits of the natural law of nature that “he who owns the gold, rules” and that through the magic of the smoke and mirrors of banksters arbitraged ETFs, “it really isn’t necessary to actually bother with physically mining the “stuff” today!”
Sorry to tell you, but the industrial supply side of gold mining today is that, contrary to what our fearless leaders in control of a failing economy have to say about gold not being money, metals have had a recognized value since the dawning of the Bronze Age. Metals have always been considered to be the wealth of the Earth as supplied as a bounty by Creator. In this, gold mining is the same as harvesting wheat, of smoking pork bellies to bring home the bacon, or transforming trees into the single family dwellings so underwater today, or risking a life going into troubled seas to bring home fish needed to feed the multitudes.
