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An international gold company that currently operates gold mines in Turkey and Brazil. The Company has a background in acquiring, discovering and developing quality gold assets.
I'm having trouble laughing at these gold mining stocks. I can only see the lost savings of all the newbs buying into this prop job, One of my friend's dad went all-in long SLV at 19.50 last summer in his IRA. That cost him a good 150k. All the evil people (avoiding expletives for all the CAPSters with sensitive ears) touting and promoting these fraudulent companies at 3x their real value better enjoy sulfer cause their afterlife ain't going to be fun. Selling junk to uniformed people puts you in the lowest rungs of hell in my opinion. It's almost as evil to tout GG at 30 as it is to tout RPRX at 11... large losses are guaranteed either way.
I seems to me that your friends dad had a fraudulent investment plan well that goes for anyone that would go all-in long on one company with retirement money.
Too bad you Dad's freind put too much money on that stk.It shows he did not do his homework. People must be informed as much as possible before buying a stk. four yrs. ago "Money Magazine" said to buy IAU Comex Gld. , I did, I have taken 25 % off the top a few times around. You cant get too greedy then blame it on others.I also am my own Broker, I lost money with every advisor I had. Now I am doing better without them. Buy Barron's, a couple of newsletters like " High Yield Investments, etc. they do most of the Research for you its worth every penny invested,and you only Have yourself to blame if you lose $$$.Compound Dividends with reinvesting them in same comp's. Like Pep, PGF, VZ, SWN,MCD, CVS, HTS,JCI, ENOC,ITRI, RSG, STD, you get the idea? Now its the time for Silver stks too. (SLV.) These are all winners, these was worth a lot of homework on my part. I trade online for $5.00 a trade.( Tradeking.com)
Whats EVIL is Goldman Sachs with their trading buddies at ICE, JPM, Deutche BK. selling thousands of Oil futures Contracts that will never be delivered. THEY ARE FAKE CONTRACTS. They make "BILLIONS" manipulating Oil Prices without the average investor knowing this. The politicians look the other way.We have Lots of Oil stored in tankers and land storage all over the world,plus what they process everyday. tHE OIL COMPS. KNOW THIS TOO.There is no shortage.They rip us off every day.Thats why they love to give themselves big BONUSES. They are worth "80 MADOFFS". I LAUGH AT THEIR GENEROSITY OF DONATING $500.MILLION TO HELP THE SMALL BUSINESS MAN. ITS OUR MONEY THEY ARE DONATING. ITS A DROP IN THIER BUCKET, THINK ABOUT IT. ALSO , I WILL NOT BUY WAR GAMES OR TOYS THAT WILL RUIN THE MINDS OF OUR YOUTH. " IN GOD I TRUST."
THE HERO JOURNALIST "PHILLIP DAVIES" OF "SEEKING ALPHA" WEBB SITE WROTE THE ARTICLE ON THE BIG OIL CONTRACTS ,THAT NEVER GET DELIVERED AND HOW GOLDMAN SACHS AND BUDDIES ARE WORTH "80 MADOFFS"YOUR FOOD AND FUEL HAVE GONE UP FROM 7% TO 20% BECAUSE OF PRICE MANIPULATION. "DO NOT INVEST IN EVIL".
SLV is not as bad as it seems. But common sense says do you homework. I like SLV, however, I know that you never buy it around 19.00 a share. Because Silver itself has trouble breaking 20.50 an Oz. You almost never buy at the top and when someone get the gold and silver bug. It tends to act like the Tech stock bug of 1997 until Spring 2000 when it all came crashing down. If your Dad's friend were to buy SLV now, he would made a few sheckles very easily. But he would have to get out at 16.50.
SLV is Evil but maybe not as evil as USD. Also, it's now trading at 29.00 compared to 19.50 in Summer of 2008. So the friend's dad IRA is now 223K - a 70K gain in just over two years. If he had did his own research and investing, he might have placed it all into Eldorado at the "high" of 8 bucks in 2008 instead, regretted a lot when it plunged to below 4 bucks in end 2008 but now it's a cool 18 bucks. The friend's dad IRA whom he probably took a lifetime to accumulate to 150K would have doubled and some more (338K) in just 2 years. Bottomline - stocks are perhaps evil but the cash (virtually monopoly money) is probably more Evil.
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