Loading ...His pronunciation was GO-guh-MAH .
You posted another link recently to Macassa(sp?) Mine which I think is not far from Chaput Hughes/Swastika just outside KL . Swastika was the rail passenger station for KL . The cemetery is there and they used to have a big tent erected each winter to house the caskets of the deceased until the spring thaw . Later ‘steam Jennies’ were developed to use steam to thaw the ground to dig the graves . The frost line is about six feet down up there .
When I moved to Brussels in the 70’s I kept my home (hundreds of miles South of KL) and rented it out until after my return . Those were the days of cloth diapers and the final renter flushed a diaper into the line to the septic tank . The repair cost about ten months of rent because it occurred in winter and they had to thaw the ground to replace the pipe AND septic tank because of new codes .
I had to evict the tenant after increasing the rent by 10% the following year , which he referred to the rent control board which had mandated a cap of 5% per year for all rentals . I sold the place .
IPSO – it shows me how long it takes to develop a working mine .
Mr. Copper – it all goes back to gold (and silver)
Greg Hunter (usawatchdog.com) just showed a graph today of the price of a can of tomato soup .
For many, many decades , a ‘silver’ dime paid for a can of soup , then from 1971 until now the price increases went exponential thanks to the Fed and fiat $$$ .
I was hired by that nuke supplier for a wing of it in Belgium in the mid-70’s as inflation was ramping up .
I rented a beautiful apartment looking down on a large park with lagoons . The government calculated the rate of inflation and my salary (paid 14 months a year , doubled in Dec. for Christmas and again in summer for vacation ) was indexed – every month I received an increase by the amount of the index . Great ! But so was my rent by the same index rate . Bummer !
Three years later I was transferred to the USA at a 30% reduction in salary – but lived better for less .
In the 60’s I lived in Switzerland , then France . At the time , I was getting 4 Swiss Francs per $ , then 4.3 French Francs per dollar . Two decades later (pre-Euro) I returned to France on business and got 8 French Francs per dollar . Today the Swiss Franc is worth more than a dollar ! A dollar buys about 0.9 SF , I think .
Alex Valdor @ 21:47
Is it a sign? Getting tingly? 
“Gogama” Interesting name.
@Alex Valdor re It all worked fine until OPEC , and the oil crunch – then all hell broke loose
Thanks for the comeback info. Re what comes first, chicken or egg, Oil crunch or removal of Gold standard.
There was a news blackout on that. The Dollar agreement was 1 bb Oil = 1 oz Silver, and 15 bbls Oil equal 1 oz Gold. So when the Gold backing was reneged, for too much printing 1934 to 1971, everything priced is dollar went up.
So they were forced to raise interest rates, ’71 ’81, 6% to 21% nice lip stick on a Pig, to save the Dollar, to put a head wind on a dawning runaway inflation.
IPSO re: your 11:29
In reading about the Côté mine , I came across the name of the town – Gogama , and it triggered a memory of my uncle (Big John , who was a hard-rock miner in Kirkland Lake) telling me about a big gold strike at Gogama . That was about 70 years ago , and this is the first time I’ve heard or seen the name since .
Mr. Copper re: your 14h44 , and Uranium pricing
I worked most of my career for one of the major nuclear plant designers .
They sold a lot of reactors to utilities by promising to supply the Uranium fuel at a fixed cost for the life of the plant .
It all worked fine until OPEC , and the oil crunch – then all hell broke loose . The price of Uranium followed the price of oil .
If I had a penny for every dollar spent on legal fees to break those binding contracts I wouldn’t have any problem buying up a few futures contracts for gold and silver , then standing for delivery at some point in the future .
silverngold @ 18:57 on July 23, 2021
Here is the article sourced in your post. In the comment section after that article, there is a poster with the handle Triple 750, who is in fact Mike Yeadon, giving out lots of information. When I was a child, I had a recurring dream. In the dream I would climb into a hole under the front steps and find a treasure chest full of gold and silver coins. As I reached for them, poof, I would wake up, pizzed it was only a dream. Was this dream an omen of the future? Is this the chatisement many Seers mention where 2/3 of mankind will die and the living will envy the dead?
I can’t remember if I posted this here or not.
Here’s the suit by the frontline doctors against the Dept of Health that was filed on the 19th. The ones the doctors were saying was coming esp now they want to force these vaccines in children.
They were threatening doctors for giving therapeutics like Hydroxy they were holding back that information from the public and threatening them as well as threatening them if they didn’t skew the numbers of death by putting Covid when they knew it wasn’t.
45 thousand dead from the vax in three days.
Mr. Copper
“Decades ago somebody predicted we better watch out for all the US Dollars overseas, they can come back and hit us in the face. With a ton of inflationary prices.”
This is a real problem! Who wants China buying up loads of US farmland? What happens when the Chinese are shipping the food to China and American people are hungry?
Handy Site Shows Percent On It
Click Commodities, it shows a list, and you get a chart.
AU https://markets.businessinsider.com/commodities/gold-price
AG https://markets.businessinsider.com/commodities/silver-price
Roaring Coal https://markets.businessinsider.com/commodities/coal-price
I’ll bet the leaders don’t like this one.
@ipso facto Agreed Physical Silver Held Down
I noticed that decades ago working with sheet metal. Stainless, aluminum, cold rolled steel, copper etc etc. I believe important commodities are “played with” to keep prices as low as possible, for the “greater good” like electric Utilities. Also public service etc. bus, train fares cheap and create expensive jobs too.
When Uranium was “free and natural” it was going doing great. Producers, investors etc. When I heard news, it was going on commodity markets??? I predicted prices would fall, and they DID!!! By a lot. Its ok for produces to barely make it, and ok for investors to lose or win a little are the game goes on.
Everything is very unnatural. But even so, over time, re natural inflation and trends, ($1800 gold anyway) they NEED to keep all producers in business somnewhere. Even if they have to add a tariff on Steel and Lumber, or move the dollar up or down.
Mr.Copper @ 13:25
That means the top is close when they start talking that stupid. (ex. bitcon to a million when it was 60k)
Who could afford the taxes?
Much better value in physical silver.
Cheers
@ipso facto Even $10-$15/oz above spot is cheap.
We bought a chicken cutlet parm hear the other day it was $14. I wonder how long they can keep this abnormal value economy going. I’m hearing $25-$40 million dollar houses?? That means land is alone is worth $24-$39 million. You can build a great structure for a lousy $1 million.
Maybe millions of wealthy foreign born from many nations are flooding into the USA (illegally) with massive amounts of counterfeit money. They take a vacation, buy a house cash, its not illegal, they don’t need a green card, they invest in businesses, go back and forth on vacations etc
Decades ago somebody predicted we better watch out for all the US Dollars overseas, they can come back and hit us in the face. With a ton of inflationary prices.
How much longer is the Dow Chart going to keep making tops?? I thought the triple top ended it. now its a quadruple top. Maybe the die hard gold bugs have started “moving in” and giving new ongoing support. Or the existing crowd keeps adding funds on drops. Lets not forget those employment plans that faithfully add “pay checks” every week.
Mr.Copper
“silver cheap”
Yeah until you try and buy it retail! I guess you could say paper silver is cheap.
I used to own EXN for many years but it seemed like they could never make any money with their operation and they had repeated flooding issues.
Looks like they made some profit in the first quarter … but they have an AISC of $24. Yikes
https://finance.yahoo.com/news/excellon-reports-first-quarter-2021-201700824.html
out for a bit
@ipso facto, Agreed
I just noticed the best performing off the lows, 5 day in a row Silver miner, EXN. Silver is pathetically cheap.
Mr.Copper
Sometimes I think the dollar is just the least worst of the currencies.
If it wasn’t for the rig gold would be $3k or better. IMO
@ipso facto
They have been lifting the Dollar since June, and Gold at $1900+ started dropping in June, and holding $1800 pretty good. Try to imagine the price of gold by now if they didn’t lift the dollar that day starting in June. $2500??
Silver too was $28+ in June, higher dollar now $25. It would have hit $30 easy. I guess we just have to wait until they start dropping it. Maybe they raised the Dopey/Dollar to slow the rise in Gasoline? Or higher to help US consumers have cheaper imported consumer products to help exporting countries?
“Hold Gold As Insurance” – Stockman Warns ‘Reset’ Means “A Crash Of Epic Proportions”
Reagan White House Budget Director and best-selling author David Stockman says, “This is not the time to be invested in the markets…”
“A reset is just a pleasant name or a clinical name for a crash of epic proportions, which we will have because the markets are so inflated. There are trillions of dollars that are at risk. To put a dimension on this thing or a way of sizing this, is we have a $60 trillion bubble on the balance sheets of 130 million people in American society, but especially in the top 5% to 10% that own a huge share of the assets…
I have no thought about how big the correction will be, but if it were just back to the norm… it would be a $60 trillion correction, and that is a pretty big hole in the bucket.
If $60 trillion disappears (out of the U.S. economy), it changes everything. It turns the financial system and economic reality upside down.”
How did things get so perilous in the economy?
Stockman says look no further than Washington D.C. and the Fed. Stockman explains,
“When central banks start to inflate like crazy, you first inflate financial assets. It eventually works its way into goods and services, and that’s where we are now.
You get the second stage of inflation as well. There has never been a small group of government officials, unelected at that, who have done more damage, more wanton harm to the economy and to the lives of ordinary people than (Fed Head) Powell and his merry band of mad money printers. This is really an outrage.
I say these people are damn near criminally incompetent given what they say about the world, which is totally wrong, given what they’re doing, this massive money printing, which is totally unjustified. . .”
Mr.Copper @ 11:06
Let us know how that works for you Mr. Copper!
I’d have to sell some PM shares and I’m not doing that.