A Major Turning Point on the Horizon?
by takeprofits | June 28, 2015 2:14 pm
Myron Martin, Junior Mining Columnist, Returns with some gold mining ideas
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Source URL: https://www.stockgumshoe.com/2015/06/microblog-a-major-turning-point-on-the-horizon/
I don’t remember where I first saw this company mentioned Smallcaps Network, or a Gumme pos5t. There was another read on Smallcap in the last few days, so I’ve taken another look.
Contact:
Oakridge Global Energy Solutions, Inc. – $OGES
http://www.oakridgeglobalenergy.com
3520 Dixie Highway
Palm Bay, 32905, Florida, USA
Ph: (321) 610-7959
Email: ir@oakg.net
Investor Inquiries:
They make Lithium batteries (made in America) for motorcycles, Golf carts), Smartphones, storage batteries in general. What makes their batteries different they are low drain when idle and last 5-10 years. By low drain they are saying one their batteries can be left in the motorcyle for a year and still start the motorcycle, that’s impressive. They will introduce these motorcycle batteries tomorrow in Daytona. They introduced their Golf cart batteries at the Orlando PGA Merchandise Show. Where they received $250k in sales and $20 mil in commitments, again impressive. I sure Tesla must know of them. The problems I see are financial problems with success, and Sanyo Electronics. Sanyo has a low drain ‘AA’ size (Eneloop) NiMH battery patent. Sanyo has had their batteries on the market sine 2005 without being disruptive. They are also going to add off grid storage batteries to their product line. That will put them in competition with Tesla. I didn’t see any information on how much of their product line was already in production. At a $.75 share price I think their worth a look.
Note, Sanyo was sold to Panasonic, then to Fujitsu.
March 2, 2016
Palm Bay, Florida – Oakridge Global Energy Solutions, Inc. (OTCQB: “OGES”) is excited to announce the commercial introduction of its groundbreaking Liberty Series lithium ion motorcycle batteries at the 75th anniversary of the iconic Daytona Beach Bikefest. The Daytona Beach …
http://markets.on.nytimes.com/research/stocks/news/press_release.asp?docTag=201603020930PRIMZONEFULLFEED6198897&feedID=600&press_symbol=221394
March 1, 2016
Melbourne, Florida – Oakridge Global Energy Solutions, Inc. (OTCQB: “OGES”) is excited to announce a major success at the Orlando PGA Merchandise Show, one of the biggest annual golf industry conventions in the world. Directly at the show, Oakridge received …
http://markets.on.nytimes.com/research/stocks/news/press_release.asp?docTag=201603010930PRIMZONEFULLFEED6198777&feedID=600&press_symbol=221394
Hi Griffin. Speaking of SCN, did you see their newsletter today titled: Commodities Rebounding Without Oil? It Sure Looks Like – http://www.smallcapnetwork.com/Commodities-Rebounding-Without-Oil-It-Sure-Looks-Like-It/s/article/view/p/mid/7/id/2026/ Maybe most Commodities in general are headed northward 🙂 What is your take Griffin, Travis and Gummune?
OGES has several entries/posts on the KSS Clubhouse thread as well. Best2All-Ben
The obnly commodity I can only really vouch for gold as in $MUX, I’m up 40%. I have a couple of stocks in mining investment and one in exploration and they haven’t done anything yet. I also have a vanadium company in electricity storage $AVCVF, I hoping for some good news from them concerning their R-dox battery installation in the New York MTA office building this month. I’d really l;ike some thing happen in my Biotech so I could generate some cash.
Ben have you made a csv file from the biotech calendar?
I have not made csv 4 biot calendar Griffin.
With Cruz back at http://www.biopharmcatalyst.com/ I have not updated lately.
Most of my portfolio is utilities in the form of certificates.
Hi Griffin,
Thanks for OGES. Liking it. Products look super, there’s a real need, and there is commercial response right now. All good.
I’m a little concerned about IP… what do they have that can be protected ? In lithium batteries, they talk of proprietary design, but not patents. Something about the stackability of their cells which increases energy storage density. Is this enough to
maintain an edge in lithium batteries ?
On the other hand they do speak of patents in a new sector, solid state lithium batteries.
Here they claim patent ownership and hint at IP going back to the Fed nuclear projects at Oakridge. This is a new technology that could have a great future. But it is in the future.
Not a sector I am normally interested in, but I’m going to keep an eye on this one.
Thanks again
HN don’t think I can take credit $OGES another Gummie (Ben?) post their link. I have looked at them and I’m impressed with the sales they have generated. There is some info on there web site, but nothing I’ve found that answers your questions. They building their batteries using thin film which allows them to build about any battery they want if I read correctly. The thing that caught my eye was the motorcycle battery that can be left sitting for a year and still start, nice. My idea of a holy grail for batteries is being able to pick up my camera or flash light after sitting and have it work. I don’t know if the low discharge is a feature of thin film or ???. There was another post for BioSolar $BSRC that I read an article on a few years ago when they were still private that I liked. One of the things that limits Lithium batteries is the anode and cathode, current material limits the battery voltage. BioSolar is developing Polymer anode an cathodes that does away with voltage limiting. American Vanadium has been holding steady, I’m waiting word on their 400 kilowatt installation for the New York MTA it was either to start or finish this March. I think battery technology needs to be watched.
Along those lines I got back to my spreadsheet for Jr Miners. There has been some consolidation in Jr Miners. McEwen has set $MUX pretty well in the last year or two. He has eliminated debt, and has about 30 mil in cash. He has already bought property near current project in Nevada. I think we need to keep an eye on these too. I was looking over my watch list on eTrade, hadn’t done that in a better than a year. Found a 1/2 dozen utilities that had gone up 10-40% in the last few years. I’ve added the Batteries and Utilities to the spreadsheet and would like to publish it for the irregulars with Travis help. The spreadsheet will be a work in process. I want to add some forms, Calendar, another spreadsheet that will be a time line of events. I want to write a column, but my typing is slow. I’ve downloaded Dragons speech recognition and hope that works better than googles speech to text. time to catch up on sleep.
In technology I am very concerned with patents, IP, and any other factors that provide a moat to competition. Unfortunately unless OGES can protect themselves they can expect ferocious competition in short order from Korean, Japanese, and Chinese manufacturers who can mass-produce high quality goods better than anybody.
HN, I haven’t research $OGES to any extent, so I don’t know what . I did find prices for Lithium batteries at JEGS and Summit automtive, they cater to the NHRA crowd. They are selling Lithium auto batteries for $1k-1.5k ea. I won’t be buying one, even with 5-10 life expectancy that’s not cost effective. Golf carts are a different with 6-12(?) batteries each I would think a Golf course(s) could finagle a discount, so that the life expectancy becomes a factor. Oak Ridge has done some anode and cathode formulation but I didn’t catch any significant advantage. When I first saw OGES their share price was $.75, I don’t think it has been that high since. I’ll have do some research before I get in. I’m culling the herd (AVPMF, INPCP, MEIP, MUX, NBRV, NURPF, PARN, ZFGN, PRWCX, ARTH, AUPH, AVCVF, BGAVF, BSRC, CYDY, FFMGF, NMKEF) the last six and MUX are doing well, but I needto remove the slackers. Then I have to put some serious time in my spreadsheet.
Here’s an update from $MUX McEwen Minining for 2015 results;
http://seekingalpha.com/article/3958367-mcewen-minings-mux-ceo-robert-mcewen-q4-2015-results-earnings-call-transcript?page=2
There was an earlier article from SA that was really shallow in trying to make a case against $MUX current SP, not even worth a link IMO.
$PVG- $5.76 0.24 (4.35%)
Bid/Ask
5.53 / 5.71
B/A Size
1,000 X 900
Here are some excerpts from the latest “Gold Investment Newsletter”.
quote
Gold stocks busted out again on Friday which gave me the final confirmation that I needed to proclaim that we are unequivocally now in a new bull cycle in gold and the miners. After big gains and a 5 week triangular consolidation, GDXJ and many of our favorite miners took off to new highs. How gold and the miners handled this first pull back/consolidation was paramount. This Friday action just triggered the official breakout so I anticipate strength in gold and mining stocks the next few weeks in general. This activity compelled me to record an audio (it was a video but I angled the phone wrong and my head was cut off throughout!) about avoiding the mistake of selling too early in this cycle. The audio is at the bottom of this email and I think you will enjoy it.
Next, I just this hour, published a new research report on GoldQuest Mining (GQC.V/GDQMF), which is a best of breed junior miner to own. This has been a stellar performer for premium members thus far but there is considerable upside potential still on the table.
http://www.goldinvestmentletter.com/goldquest-mining-700-upside-romero-progresses/
end quote
Thanks Myron for $MUX, it hasn’t waited for the Bull. 🙂
For those who may be wondering. Gold Quest has been in my portfolio for several years and I agree it will become a mine so I would rate it “accumulate on any market swoons. Buying right in the first place is paramount with any stock. With thousands of juniors out there I can,t possibly write them all up in a timely fashion. I will try and comment on any stocks readers may choose to mention if I am familiar with them.
Will have a considerable new group of stocks to feature in column I am working on, and thank you all for your patience and good wishes for my recovery. I was operated on Jan,6th for a fractured hip and spent about 4 weeks in hospital for rehab progressing from a walker to a 4 wheel rolator to a cane and recently started walking around the house without it, After 6 weeks of in home visits by a therapist I joined a seniors exercise group that is about an hours walk from our basement apt. and last Fri. actually walked home after the one hr. vigorous exercise session. With warmer weather I look forward to getting out daily for at least a half hour walk, fortunately we live in an area where we have an abundance of parks with miles of walking trails. My diabetes is pretty well under control and with Canada’s one payer medical system most of the expenses are covered. The one thing that ticks me off is that as long as you go along with the pharmaceutical approach your prescriptions are covered, but if you want to do things naturally via diet, herbs and supplements (as is my preference) rather than take drugs that my be poisonous and harmful with serious side effects and unintended consequences, you have to pay out of pocket, While I received excellent care in the hospital and was referred to different specialists and tests from kidney, to geriatric, diabetic, osteoporosis and rehab, all covered including in home follow-up, prescriptions for Vitamin D, calcium, probiotics, (to cover effects of antibiotics and osteoporosis are NOT covered, even though prescribed by medical doctors. In short, anything not controlled by “Big Pharma is not covered by government insurance. My premise is simple, if the government is going to :socialize the cost of illness and accidents then we as taxpayers should have the freedom to choose our healing modality without discrimination. The medical profession in my view should have to compete with all other choices on the basis of cost, results and safety on which it scores the lowest on the latter and not particularly good on the first two. As it stands they have a monopoly, which is supposed to be illegal. While I acknowledge and appreciate the medical professions proficiency in emergencies and the amazing things skilled surgeons can do these days with minimum invasion and trauma for the patient, the professions record with curing disease is not that great. My first hand experience with 2 hospital stays has only reinforced my belief that medical doctors are not very forthcoming in disclosing risks and side effects of their treatments. Case in point, I was told my cholesterol was high and was prescribed a statin drug to supposedly bring it down, because of the danger to heart health. After I had taken it for a few weeks I had completed my research on the drug in question and came to the conclusion the risks were not worth the supposed benefits. I found two disturbing realities, 1) there was a class action lawsuit against the manufacturer because their drug was implicated in triggering diabetes ( with which I was also diagnosed) particularly in women, but even more disturbing for me was the fact that one side effect or unintended consequence of statin use is that it suppresses the bodies natural ability to produce c0=enzymeQ10 which is ESSENTIAL to the beating of the heart. I also I found statins listed on a compilation of the seven most deadly drugs. so when I confronted the doctor with the contradiction of taking a drug to protect the heart that had the known side-effect of suppressing a natural substance the heart can not function without. His comment was, : all drugs have side effects” confirming what I have known and believed for decades. My conclusion, blind faith in a doctor can be hazardous to your health. Ask lots of questions and get ALL the facts on any prescription before filling it and also investigate alternatives. I am currently researching blood pressure medications because they too can have negative side effects more dangerous than mildly higher blood pressure.
Still thousands of E-mails behind but have enough material for several columns.
It is quite awesome to hear from you Myron. Thank you for checking in and the update. We look forward to the upcoming column(s).
Very thankful for your return to better health, mom and I are. Like she and her dad always live by “Move it or lose it.” 🙂 Best2You-Ben
Welcome back Myron! Money is only money, but good health is priceless. I’d largely moved on from my temporary fascination with investing to things far more important, but will always pay attention to your articles and posts. Your simple statement that health care is a monopoly applies just as much here in the U.S., though our system isn’t (fully) socialized that doesn’t matter since the insurance companies all march to Big Pharma’s drumbeat. What a pleasure it was to find your post in today’s email, and to know you are recovering.
Glad to see you reporting for duty again, Myron. I’ve missed your words here. Take good care of yourself,
Penny
What a bunch of screaming geniuses the majority of our docters have become. To emphasize Myron’s points above, here’s what my neighbor just experienced. He was hospitalized for five days due to hyponatremia. After his sodium level was brought back up into normal range, he was sent home with instructions to stay on a low-sodium diet. Never once in the hospital did anyone ask him or his family about how he’d been eating in the days or weeks leading up to the incident. Not until two weeks later, when HE asked his doctor about diet in their followup appointment, did they determine that what caused the problem was his going too far in eliminating salt and he hadn’t been getting enough. That’s rare these days, but he’d eliminated all processed food and drink as well as the salt shaker. He thought the natural salt content in food should be enough. Yet not even his own doctor thought to ask him about diet – the patient was the only one to think of it. One teaspoon of added salt a day was all he needed, no problem with his sodium levels since.
Then recently, his routine blood tests showed mild anemia. The doctor said no action needed at this time, “we’ll just monitor it.” WHAT? Anemia is usually one of the easiest medical problems to solve. My neighbor is old enough to remember what his old-time family doctor prescribed his wife for anemia in the 1950s: eat some liver a couple times a week, and eat a lot of broccoli from now on. So, another problem solved by himself not his modern doctor. Good grief – medical schools have hardly taught nutrition at all but are they now teaching NONE?
Hello Myron ! So great to hear from you !
The medical problems can be discouraging. Stay with it and know we are pulling for you. We want you back here and contributing. Missed you a lot !
DIVIDEND PAYMENT RATES…MAJORS AND ROYALTY COMPANIES
Hi everyone, in another post I suggested that the small dividends paid by gold and silver miners and royalty companies were deserving of more attention in a ZERO INTEREST RATE
ENVIRONMENT, and that the old argument of “gold does not pay interest” is true about physical but is not necessarily the case in miners and royalty companies.
Previously my main consideration in thinking about gold and silver was stock price appreciation potential on account of the underlying commodity prices; and this is still the major consideration. But with what is happening with interest rates, cash dividend payments are of increasing importance as a consideration in this sector.
Also if the price of silver and gold rises dramatically, we can expect further juice in increased dividends and larger market caps as asset reserves get marked up. So the whole sector seems primed for rocket leverage when prices in the underlying commodities really start to move.
I share these current figures as an FYI. Obviously these are easy figures to check for yourself when considering and investment, and should not be the only consideration.
Current dividend yield percentages selected gold/silver companies:
Mining majors AEM .79, NEM .34, ABX .51
Royalties: SLW 1.17, RGLD 1.69, FNV 1.24, SAND 0.0
Silver producers: PAAS .39, SSRI 0,
ABX has very high debt and inferior current account fundamentals. SAND has stated that initiation of a dividend is under consideraqtion in the not-to-distant future.
Just a cautionary statement. Occasionally a failing company will pay an unsustainable dividend in order to attract investors. I see no evidence of such in those listed but it is well to be aware. You find that more often in the financial fields. Principals in such have been known to unload debts on stockholders so that they keep their yachts and stockholders own a sack of ,,,smoke,, in lieu of what I would like to say.
MUX- McEwen Mining Reports Q1 Production Results, Royalty Acquisition – http://globenewswire.com/news-release/2016/04/19/830425/0/en/McEwen-Mining-Reports-Q1-Production-Results-Royalty-Acquisition.html
Howdy Myron; hope you are feeling better and better each and every day. Best-Ben
$MUX, No link, I sure do like how Rob McEwen is managing this company. He has improved production, lowered cost, paid off debt, substantially reduced liability, and made a mining acquisition, not mention increased cash on hand. I’m up 50% on my position. Thank you Myron.
I think this is really announcement of the acquisition the following is from email.
McEWEN MINING REPORTS Q1 PRODUCTION RESULTS, ROYALTY ACQUISITION
TORONTO, Apr. 19, 2016 – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce production highlights of the first quarter 2016 and one acquisition.
Highlights
Total production in Q1 was 37,958 gold equivalent ounces(1), a 14% increase over Q1 2015. Increased production guidance for 2016 to 144,000 gold equivalent ounces. Acquired the Net Smelter Return (NSR) royalty on our El Gallo Mine and El Gallo Silver deposit. Strong balance sheet: $43 million(2) in liquid assets and no debt!
El Gallo Mine, Mexico – A Record Quarter
In Q1 the mine produced 20,101 gold equivalent ounces, compared to 15,391 gold equivalent ounces during same period in 2015. Production in Q1 set a new quarterly record as a result of processing higher grade ore stockpiled in the previous quarter. Production in subsequent quarters is expected to be lower as the influence of higher grade ore diminishes during the year. Full year guidance for El Gallo in 2016 is now increased to 55,000 gold equivalent ounces. The 2016 exploration budget for Mexico is $4 million.
Today we acquired the existing tiered NSR royalty (the “Royalty”) on the El Gallo Mine, currently paying 3.5% of gross revenue less allowable deductions. The purchase price consisted of a $5.25 million payment on closing and a conditional deferred payment of $1 million to be made on June 30, 2018. The Royalty ceased being payable at the end of February 2016. This transaction will enhance the future profitability of the El Gallo Mine and removes a royalty burden on existing and potentially new deposits inside the Royalty’s area of influence, including the El Gallo Silver deposit.
San José Mine, Argentina (49%)(3)
Our attributable production from San José in Q1 was 8,960 gold ounces and 667,319 silver ounces, for a total of 17,857 gold equivalent ounces. Compared to Q1 2015, gold and silver production was down 5% and up 4% respectively. Q1 production is typically lower than other quarters due to mill shutdown and maintenance over the holidays.
Full year production guidance for San José in 2016 is 45,000 gold ounces and 3.3 million silver ounces, for a total of 89,000 gold equivalent ounces attributable to us. The 2016 exploration budget is $4.5 million.
Nevada Exploration
Exploration drilling is planned to begin on the newly acquired Afgan-Kobeh property in mid-May. The primary objective of this drilling is to expand the size of the existing resource.
Financial Results
Operating costs for the quarter ended March 31st, 2016 will be released with our Quarterly Financial Statements in early May.
ABOUT MCEWEN MINING (www.mcewenmining.com)
I like the way this guy McEwen operates, one smart cookie. He has just acquired another site for exploration and it is next door to a site that is already being explored. It maybe be of dubious value and I’m sure the nerd on SA will try and make into a catastrophe out of it and gets bit. Sorry no link given /quote/
MCEWEN MINING BUYS ATTRACTIVE EXPLORATION TARGET NEAR EL GALLO MINE
TORONTO, May 2, 2016 – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce the purchase of mineral properties located approximately 6 miles (10 km) from the El Gallo Mine (the “Acquired Properties”) for $250,000 plus a 2% NSR royalty retained by the seller over the Acquired Properties.
“This is an attractive exploration target because of its proximity to the El Gallo Mine, and fits with our strategy of investing in opportunities that have the possibility to extend the life of our mine,” said Rob McEwen, Chairman and Chief Owner.
The Acquired Properties lie on an important mineral trend over 7km long which is contained within our larger claim block. The acquisition completes the consolidation of the district surrounding the El Gallo Mine and El Gallo Silver deposit, and adds an area of considerable exploration potential. McEwen Mining has explored extensively along this trend and previously discovered two satellite mineral resources (Twin Domes and Las Milpas). The Acquired Properties and surrounding area is characterized by favorable alteration signatures and abundant anomalous gold and silver mineralization in surface rock and soil samples. Recent exploration adjacent to the Acquired Properties revealed an area of structurally controlled gold mineralization in shallow percussion drilling and in deeper core drilling. Now that this acquisition is complete we will expand our exploration program in the area.
The Acquired Properties consist of two mineral claims (totaling 1,040 acres), which were 100% owned by the seller, as well as the sellers’ rights to four additional mineral claims (totaling 930 acres) under an option agreement that is the subject of a legal dispute. We will attempt to settle the litigation and obtain title to the disputed claims.
Just caught this on yahoo. Toyota in researching Hydrogen have come up with a better battery. Now if you thought Lithium batteries have a fire problem. Think Hydrogen with a magnesium anode/fuse. They say it is twenty years away but with the demand of mobile devices.
http://www.cnet.com/roadshow/news/toyota-hydrogen-research-leads-to-better-battery/
This is a C&P from the $BSCR, Biosolar newsletter with several links (?). If the links don’t work ping me and I’ll post them.
Quote –
BioSolar Targets Growing Market for Lithium-ion Batteries
Key trade publications report on the company’s proprietary technology
Santa Clarita, CA – May 17, 2016 – BioSolar, Inc. (OTCQB: BSRC), a developer of breakthrough energy storage technology and materials, today recognized recent media coverage detailing BioSolar’s efforts to scale its proprietary battery technology, and commented on recent reports stating the size of the lithium-on battery market.
As previously disclosed, the Company’s laboratory testing results suggested that lithium-ion batteries incorporating its cathode technology could potentially achieve significantly higher capacity with costs below $100/kWh, which is less than half of today’s lowest cost lithium-ion batteries.
In a recent Q&A with Today’s Motor Vehicle Magazine, BioSolar CEO Dr. David Lee discussed both the development of and market for its innovative cathode technology. Within the interview, Dr. Lee discussed the advantages under review from battery manufacturers when evaluating cost and efficiency; opportunities for automakers in identifying new battery technologies; both commercial and industrial vehicle applications; and next steps for BioSolar in terms of development and commercialization. In a print article for Chemical Engineering Magazine, an interview with Dr. Lee touched upon the more technological aspects of developing BioSolar’s battery technology, and also addressed inherent challenges faced by battery manufacturers.
According to a recent study performed by Allied Market Research entitled, “World Lithium-Ion Battery Market: Opportunities and Forecasts, 2015-2022,” the global lithium-ion battery market is expected to generate revenue of $46.21 billion by 2022, with a CAGR of 10.8% during the forecast period (2016-2022). Currently, the market is very concentrated, as over 70% of installed energy storage capacity uses lithium-ion batteries, as the technology is proven and bankable.
“Lithium ion batteries are becoming a mainstream battery choice for consumer and automotive applications, as well as large scale energy storage due to its advantages over many existing battery chemistry,” said Dr. Lee. “The inherent challenges associated with lithium-ion batteries center upon cost and scale. As most improvements to battery performance have come from changing chemistry rather than from ongoing improvement within a given chemistry, BioSolar has focused on addressing these fundamental issues with its innovative approach to developing cathode technology.”
BioSolar is currently funding a sponsored research program at the University of California, Santa Barbara (“UCSB”), to further develop its super battery technology. The lead inventors of the technology are UCSB professor Dr. Alan Heeger, the recipient of a Nobel Prize in 2000 for the discovery and development of conductive polymers, and Dr. David Vonlanthen, a project scientist and expert in energy storage at UCSB.
About BioSolar
BioSolar is developing a breakthrough technology to double the storage capacity, lower the cost and extend the life of lithium-ion batteries. A battery contains two major parts, a cathode and an anode, that function together as the positive and negative sides. Today’s state-of-the-art lithium-ion battery is limited by the storage capacity of its cathode, while the anode can store much more. Inspired by nature, we are developing a novel cathode based on inexpensive conductive polymers and organic materials that can fully utilize the storage capacity of conventional anodes. By integrating our high capacity, high power and low-cost cathode with conventional anodes, battery manufacturers can create a super lithium-ion battery that can double the range of a Tesla, power an iPhone for 2 days straight, or store daytime solar energy for nighttime use. Founded with the vision of developing breakthrough energy technologies, BioSolar’s previous successes include the world’s first UL approved bio-based back sheet for use in solar panels.
To learn more about BioSolar, please visit our website at http://www.biosolar.com.
Subscribe to the BioSolar Newsletter
To receive news about BioSolar on a regular basis, please subscribe to our free newsletter.
Safe Harbor Stmt: Matters discussed in this press release contain statements that look forward within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such statements that look forward. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the statements that look forward contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These statements that look forward are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
This message was sent to l_g_griffin@yahoo.com from:
BioSolar Newsletter | newsletter@biosolar.com | BioSolar, Inc. | 27936 Lost Canyon Road, Suite 202 | Santa Clarita, CA 91387
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– unquote
Myron, I miss your writing, look forward to more soon, and hope you are back “in the pink.”
To all, including Myron: I am reading a lot of the predictions: gold to $5k, worthless dollar, chaos reigns, deflation scenarios. Lots of questions in considering physical gold and silver purchase, and after combing through many, many Stock Gum articles and comments, I’ve found precious (haha) little on that subject.
What form will be most useful if that gnarly scenario comes to pass? Coins? Bars?
Buy them where? (any thoughts about Money Market Exchange, or others?)
Store the metals where? Anywhere is risky. Some say store your metals out of the country because of risk of confiscation. Where? Perth Mint? London? Getting access could be a real drag. I am curious what choices Gummies have made. Please share!
In my perusings, I also came across a site called Peak Prosperity; no Gum reviews; anyone know if it? Thanks all.
Microblog: Golds next bull run? What to buy?
Comment Link: http://www.stockgumshoe.com/2016/03/microblog-golds-next-bull-run-what-to-buy/comment-page-6/#comment-4810029
Author: ksand52 Comment: Sorry I forgot to say I did take a position in Anfield Long (ANCKF) Join us if you desire. – Benjamin
There have been a lot of predictions for gold for years. I’ve seen predictions of $16k, 2-3 years ago it was $2500, and it ain’t got there yet. I saw someone recently taunting put gold in your IRA and physically keep it. I would hope that includes silver. I need to add to my junk silver collection (silver coin <1965). I would buy junk silver for the economic scenario you refer to, known value, and source, silverprice.org. Store your precious metal where you can get to it easily just don't tell anyone. Loose lips will put a target on your back.
IMO the next economic collapse is going to be a bit more subtle. When ever there is an economic slow down there are a number of folks that leave the work force, how many return. How many are now self-employed for cash, check, or money order. How many no longer have any confidence in the current economics.
Gold has gone up a couple of hundred in the last few months. Now it appears to be consolidating. I've done well in both gold and lithium. I've found this newsletter to be a good read even the free version - The Gold Investment Letter, http://www.goldinvestmentletter.com/
Pozoblue – Here’s what my resident gold bug has given me to pass on to you, and I quote:
“Response to Comments:
First off you need to determine the reason and purpose you are obtaining precious metals. If you are transferring substantial dollar amounts, gold is a preferable metal as large value can be held or transported with a relatively small volume of metal. However, large value stored in a gold bar is not as simple to convert to necessities. You need to have a recognized bar from a known company with the weight and fineness stamped on the bar; otherwise you will need to have it assayed to determine value. Englehard, Handy and Harmon, Credit Suize, Johnson Mathey, Apmex produce and sell bars. You should check more than one for the mark up over the spot price to get the best buy.
If you wish to have something with a lot of value but easier to negotiate when you need it, stick with the gold coins such as Eagles, Maple Leafs, Krugerrands which have an ounce of gold each. You can find price of each of these listed daily. However, keep in mind that these are still a large store of value in the thousand-plus dollar range and are not going to be much good if you are trying to buy a loaf of bread and some milk, etc.
If your purpose is to have a store of value that you can use in an extreme emergency of some kind, you need something that is negotiable for barter in the range of value that you need. Silver coins are in a price range that is useful for exchanging for items that you are likely to need under such circumstances, i.e., in the twenty dollar range. Keep in mind that a lot of silver coins weighs a lot for the total value contained.
You can buy silver coins from a lot of sources; however stick to the known coinages such as silver eagles, or junk US coinage, or rounds with stated weight and content, i.e., 1 ounce silver. As always, check the amount quoted on a given day for the markup above the current spot price and pick the best deal. I have used USA Gold (who you can find online), Modern Coin Mart (on Ebay) who have provide me with honest transactions. There are others out there. You might be able to find a local coin dealer that you can work with.
Keep in mind that you need to have verifiable funds before a dealer is going to send you metal in exchange for your credit card, debit card, check, etc., purchase, so expect some delay prior to receiving your coins while your funds clear (say commonly 10 business days prior to shipping). Buying more coins at one time will usually buy you a smaller markup over spot and save on shipping charges.
Stick with bullion coins for the emergency stash. You are not going to get any premium for proof and numismatic premium coins if you are bartering for food, gas, etc. However, numismatic coins can carry significant value above their metal content and may have some protection against a government confiscation. Keep in mind that grade (condition) of the coin will make a significant impact on value. The difference of even a subtle grade difference, say between a proof 69 or proof 70, could double the value.
If you think that the world is likely to stay in some semblance of order, given time numismatic high value coins can be a good investment as well as fun and interesting. You need to work with a profession numismatist or firm that is very reliable if you are purchasing high value coins. Ask for recommendations prior to selecting a firm you want to deal with. Like large value gold bars, high value numismatic coins will take time to negotiate a sell. If you pick an encapsulated coin that has been graded by a professional grading service, the grade issue will be minimized. Rely on expert assistance in this area of investing. I personally happen to like ancient Greek silver coins for their beauty and historical interest, but they are not going to do well in buying bread, meat, and gas in a crisis.
In summary, understand why you want to invest in precious metals and then pick an appropriate mix of things to purchase. In answer to one of the questions about where do you store your coins, storing coins in a foreign country is not going to be of any value to you if you are trying to barter for food and gas. Keep those coins where you can get at them. Your best security is keeping private the knowledge of your purchases and where they’re stored; you do not want to become a target or victim of a robbery or violence to you or your family.
A major value of precious metals is that significant value can be stored in a relatively small volume and that is difficult for anyone including the government to know about unless you are being too public about your holdings. I personally don’t think that a government confiscation of gold is very likely as it would be difficult for the government to obtain very disseminated small amounts of precious metals (from the government’s view point) without a vast search & seizure effort. The last time the government did it under Roosevelt, the banks had a substantial amount of the gold coins that were in circulation making it easier; even then a large amount of the privately held coins escaped the government confiscation and subsequent dollar devaluation.
The Perth Mint in Perth Western Australia is a very reliable source of coins, primarily of the numismatic variety. Currently the US dollar is high against the Australian dollar so purchasing from them directly reduces the cost of the premiums. They ship directly to the US and will take credit cards, Use a card that does not charge a foreign transaction fee to keep the cost down. You need to register with them for their bullion coin program, which may make their bullion coins considering shipping, etc., less attractive than buying US silver eagles from a dealer. You can go to their web site to find out details of their offerings. They make great coins. Side note: I have worked at a mine in Australia that provided some of the precious metal for their coinage.
Do not forget that you can buy coins directly from the US mint at their website http://www.USmint.org; however their bullion coins like the silver eagles must be purchased through a dealer.
Hope this helps
Globalsanta
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