Announcement

Collapse
No announcement yet.

How to own Junior Gold?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • How to own Junior Gold?

    Hi All

    I have been long gold and silver since about $650/$13 and have been following the lack of gold junior response to the rising prices. I would like to think they will be reacting soon and have been searching for a way to invest in Junior Gold miners all night with out much luck. A few investing names have come up...

    Sprott Asset Management
    John Embry
    http://www.sprott.com
    Seems like you need $500k to get started from the US.

    Jim Puplava
    http://www.puplava.com
    Looks like $200k minimums

    Anything more accessible through regular US brokerage accounts?

    U.S. Global Investors WrldPrecMineral

    Seems like a possibility

    The fund invests normally at least 80% of assets(plus any borrowings for investment purposes) in equity securities of companies principally engaged in the exploration for, mining and processing of precious minerals. It focuses on selecting junior and intermediate exploration companies from around the world.
    I would also be interested in individual stock recommendations coming from a newsletter. Anyone subscribe to any?

    Any leads appreciated...phil

  • #2
    Re: How to own Junior Gold?

    The Mining Speculator

    Any experience?

    As a matter of fact, in the past five years the Mining Speculator portfolio has seen an average gain of 212%!

    Part of those gains can be attributed to our picks in junior mining stocks, which are known to give explosive profits.
    Though we live in dangerous financial times, each period of danger and crisis provides exceptional opportunities to enhance and protect our wealth. We can't control what the politicians and power elite do, but we can take steps to protect our finances and loved ones. It is not "un-American" to protect your money. Investments in the precious metals and their mining stocks should go a long way to accomplishing our objectives.

    The McCoach Research Group was started to help investors find sensible speculations that have limited downside and huge upside potential. We make recommendations on mining stocks that in our opinion have 10 x or better potential under the current bull market conditions, which we see lasting for many years to come. The best leverage for making such returns in our opinion is currently found in the junior mining stocks.
    Seems to have the right attitude.

    phil

    Comment


    • #3
      Re: How to own Junior Gold?

      John Doody - Gold Stock Analyst. AAA gold stocks analysis, but he does only producer mid cap and large cap stocks. Still he is smarter, more qualified, more diligent and more scrupulous than 90% of other gold stock analysts.

      I would give Doug Casey a miss even though he specialises in Juniors and is a good stock picker. I've heard Doug Casey has been known to act rather cavalier on occasion in making sure his subscribers get adequately timely "sell" signals. He scopes lots of good juniors, but I don't trust his level of concern for his subscribers - too casual for my taste.

      Comment


      • #4
        Re: How to own Junior Gold?

        Questions for you Lukester

        Which is heavier? a pound of gold or a pound of steel?
        Which is heavier? an ounce of gold or an ounce of steel?

        Comment


        • #5
          Re: How to own Junior Gold?

          Gold is the heaviest metal, matched only by Tungsten. Next question?

          EDIT -

          OK I lose due to inaccuracy. Heaviest metal is Iridium. But I was close, Gold and Tungsten have almost identical weight and are the next heaviest. Curious that the one of the world's softest metals (you can dent pure gold with a fingernail) has identical atomic weight to the world's hardest metal.
          Last edited by Contemptuous; 03-16-08, 03:14 PM.

          Comment


          • #6
            Re: How to own Junior Gold?

            you didn't answer my questions.

            Does an oz of gold weigh more than or less than an oz of steel?
            Does a pound of gold weigh more than or less than a pound of steel?

            clue: the problem does not exist in the metric system

            Comment


            • #7
              Re: How to own Junior Gold?

              Rajiv -

              My bad. Of course, they both weigh exactly the same amount. Duh.

              Isn't this a sixth grader "jokes" question? What are you, trying to confirm if I'm old enough to be posting on these web pages? I know I sound juvenile at times, but that's just a character trait, I assure you.

              Comment


              • #8
                Re: How to own Junior Gold?

                Originally posted by Rajiv View Post
                you didn't answer my questions.

                Does an oz of gold weigh more than or less than an oz of steel?
                Does a pound of gold weigh more than or less than a pound of steel?

                clue: the problem does not exist in the metric system
                Are you asking about the difference between avoirdupois and troy weights?

                Comment


                • #9
                  Re: How to own Junior Gold?

                  Milton -

                  No, it's a 'trick question'.

                  One ounce of anything weighs exactly the same amount as one ounce of anything else. The denominator of weight is the ounce itself.

                  Comment


                  • #10
                    Re: How to own Junior Gold?

                    Actually they don't weigh the same.

                    one pound of gold weighs less than a pound of steel
                    one ounce of gold weighs more than an ounce of steel

                    And the reason is that gold is measured in Troy weight while steel is measured in avoirdupois weight

                    This distinction is important to know for anybody wanting to buy and hold gold. That is the reason for my comment that the problem goes away when using the metric system. When buying PMs you have to know what you are buying.

                    Comment


                    • #11
                      Re: How to own Junior Gold?

                      Milton Kuo is right. The difference is in the system used -- Gold uses Troy weights while steel is measured in Avoirdupois weight -- and the Avoirdupois weights and Troy weights are not the same. So an oz is not the same as an oz.

                      Comment


                      • #12
                        Re: How to own Junior Gold?

                        Originally posted by Rajiv View Post
                        Actually they don't weigh the same.

                        one pound of gold weighs less than a pound of steel
                        one ounce of gold weighs more than an ounce of steel

                        And the reason is that gold is measured in Troy weight while steel is measured in avoirdupois weight

                        This distinction is important to know for anybody wanting to buy and hold gold. That is the reason for my comment that the problem goes away when using the metric system. When buying PMs you have to know what you are buying.
                        Yay! I got it right!

                        I have seen literature that uses the ozt. and oz. abbreviations to clearly identify the measuring system used, though.
                        Last edited by Milton Kuo; 03-16-08, 06:53 PM. Reason: Added comment about ozt. and oz.

                        Comment


                        • #13
                          Re: How to own Junior Gold?

                          Bah! Humbug! I was close enough for government work. So what prizes are you handing out to the winner, huh!? What's Milton gonna get - a waterfilled plastic bag with two goldfish with (long) Hank and Ben faces? A stuffed miniature toy bear, wearing a NYSE tee-shirt (w/no pants)? A bag of green lemon-lime b0nar candy? Or maybe a beany cap with a picture of Benji the Central Wanker Banker on the front?

                          Lessee the prizes? You can't have a quiz contest without the prizes! :confused: :rolleyes:

                          Comment


                          • #14
                            Re: How to own Junior Gold?

                            The major problem though is that a Troy pound is only 12 Troy oz -- while the normal pound has 16 normal oz -- and I believe that all the gold quotes are in Troy weight.

                            On a slightly different topic, one of the reasons gold can never become cash again

                            At the end of 2001, it was estimated that all the gold ever mined totalled 145,000 tonnes. There are currently 6 B humans on this planet -- the amount of gold per person would only be 24 grams -- should actually be less than that -- because some of that gold is no longer available. In other words, less than 3/4 of an oz of gold is available for every human on earth.

                            However, it may be a transition over into whatever may come after the Banking system collapses.

                            Comment


                            • #15
                              Re: How to own Junior Gold?

                              Originally posted by Rajiv View Post
                              On a slightly different topic, one of the reasons gold can never become cash again.
                              OK on this topic your assumption may be less than watertight. Any asset whatsoever, if used in the appropriately fractional system, can serve as a monetary anchor. Certainly due to the long precedent of fractional reserves adopted by countries worldwide, gold can serve as an interim monetary anchor until other regulations are devised.

                              So 'can never become' is perhaps too absolute? In a fractional system it could still easily serve an anchoring role.

                              Comment

                              Working...
                              X