Saturday, February 18, 2012

Copper Ingots

Melting some scrap Copper tubing (Thanks Vas) and a little scrap wire. Pouring Copper ingots , Most scrap yards/ recyclers will not accept home made ingots, so unless you know the recycler, leave it its current state.Not to mention the added cost and time to melt it down. Fuel cost alone added would cut severely into your value as scrap. Just turn it in and use the money to build a forge.Not if you make a used motor oil blast furnace like I did,,,,,free fuel.

20 Reasons Why to Invest in Silver and stay long

David Morgan , It's never late to invest in SilverI agree with David Morgan silver will hit $60 around Dec 2012 if you can buy under $30 you have a great barging. When the economy his low silver tends to fall and gold rises when the economy rises so dose silver and gold drops, so now might be the best time to buy silver and sell gold.

Here are 20 reasons to invest in silver and go long :
1.currency debasement
2.silver shortages
3.millions of silver uses growing daily
4.shorts getting ready to cover
5.manipulation coming to an end
6.margin hikes
7.large asian buying
8.Indian wedding season
9.gold to silver ratio out of whack
10.expensive to pull out of the ground
11.inflation;tons of money printing by FED
12.COT charts very bullish
13.silver extremely oversold
14.commercial shorts are now going long
15.only metal not to claim new nominal high among countless others
16.no silver in the SLV
17.traded 100:1 paper silver
18.the CRIMEX is being investigated
19.less than 1% of population invests in it
20.silver extremely undervalued
wow, writing these explanations even makes me a little emotional and bullish
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

China to overtake India as biggest Gold consumer

China will this year topple India as the world's biggest gold consumer, as demand for the metal as both a "safe haven" and to use for jewellery keeps growing, according to the World Gold Council. Latest data released by the World Gold Council, the agency involved in market development, showed that China has overtaken India as the world's largest gold consumer as buyers here shunned the yellow metal in the wake of spiraling prices.Demand in China jumped 20 per cent to 769.8 metric tons in 2011, while consumption in India fell 7 per cent to 933.4 tons,While India remained the top consumer for the full year, even that position may come under threat in 2012. Sales during the year fell 7% in India to 933 tonnes, led by a 14% fall in the jewellery segment. Purchase of bars and coins, however, grew by 5%. At 770 tonnes, China's consumption was 87% of India's.Demand in China is climbing as investors seek to protect their wealth from inflation of more than 4 per cent, especially after the government clamped down on property investment last year . The amount of gold bought in China rose 20 per cent in 2011 over the year before to 770 metric tons, the World Gold Council said in its annual report. That put China behind only first-place India, where 933 metric tons were bought.Worldwide demand for gold last year hit 4,067 tonnes, worth an estimated $205.5bn - the first time the figure has passed the $200bn mark. Investment buying drove the rise, with demand up 5pc on the previous year.

Bob Chapman - Talk to Solomon - 02.14.12

Bob Chapman - Talk to Solomon - 02.14.12 In this segment of Talk to Solomon, Stan Speaks with Economist and investigative journalist Bob Chapman. They offer wonderful insights into the present economy and market , and the outlook for gold and silver market

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