tag:blogger.com,1999:blog-5211670216140060946.post2442472798736943229..comments2024-03-17T18:37:36.377-07:00Comments on Geotripper: Musings on Gold...GOLD! Buy GOLD! The World is Going to End AnywayGarry Hayeshttp://www.blogger.com/profile/00531226195147986457noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5211670216140060946.post-57141306363308189042009-12-19T16:03:26.659-08:002009-12-19T16:03:26.659-08:00Very few new open-pit mines will be opened in Cali...Very few new open-pit mines will be opened in California because all pits now have to be completely backfilled, which essentially doubles the stripping ratio, though usually not completly doubling the cost of stripping (there is no blasting required to move the already moved rock). Underground mines would be a different story. <br /><br />The price of gold doesn't seem that high to me - maybe a little high - but I haven't read up on current thinking about it. Some of the current fluctuation has to do with the strength of the dollar.<br /><br />They usually do more advertising to sell gold on TV after the price has gone up, rather than when the price is low. The price dropped a lot in 1997. Wonder why I didn't buy any then? :)Silver Foxhttps://www.blogger.com/profile/03131032620978696727noreply@blogger.comtag:blogger.com,1999:blog-5211670216140060946.post-19105605693688527542009-12-18T05:59:46.789-08:002009-12-18T05:59:46.789-08:00There are plenty of places where the average citiz...There are plenty of places where the average citizen can still go to pan for gold in the Sierra though, real close to where we live. Head up, grab a few buckets a week, wash it at home when you get time. Make a few grand on the side. I'm unemployed soon. Sounds like a plan to me!Loydhttp://www.yosemiteblog.comnoreply@blogger.comtag:blogger.com,1999:blog-5211670216140060946.post-76057264196793523562009-12-17T07:10:46.007-08:002009-12-17T07:10:46.007-08:00There's another factor that's delaying the...There's another factor that's delaying the re-opening of old gold mines. In the 1990s, a Canadian company named Royal Oak made a lot of money doing so; several years ago, it went bankrupt. Needless to say, its role-model status evaporated along with its share price. That bankruptcy put a cloud over other companies doing so, particularly in the banks' eyes. <br /><br />Can't re-open the Mother Lode without financing...Daniel M. Ryanhttp://thegoldbubble.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-5211670216140060946.post-66817062325890733232009-12-17T02:29:38.532-08:002009-12-17T02:29:38.532-08:00A couple of year ago I visited the Ruby Hill Gold ...A couple of year ago I visited the Ruby Hill Gold Mine in Eureka, NV. It's operated by Barrick Mining, and on the tour they said they probably wouldn't have been mining if gold prices hadn't risen. I think they had closed the mine in the late 90's and reopened it in early 2000's (the tour was in 2003). <br /><br />Of course it is not a Mother Lode mine and didn't require as much investment to start up again. But there are other cases, certainly.poikiloblastichttp://www.twitter.com/poikiloblasticnoreply@blogger.com