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Brian Bobbitt

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  • What It Really Costs To Mine Gold: The Barrick Third Quarter Edition [View article]
    You really wanna protect yourself from taxes and do it legally? Buy collector coins pre-1933. Get some oldies but goodies and you will not worry about anyone helping themselves to your goodies. Real authentic antiques are the place to be. Get some real valuable coins and stash them away. The coin collectors of the world will always be able go buy them when you offer them for sale.
    Capt. Brian
    The Lost Navigator
    I know no one will respond to this folly. But there are over 400 million collections out there buddy, so don't poo poo them too quick.
    Check out the registry.
    Dec 13 12:22 PM | Likes Like |Link to Comment
  • What It Really Costs To Mine Gold: The Barrick Third Quarter Edition [View article]
    Really wonderful article, just one thing though...
    Haven't we been down this road before? Your article title reads about what it costs to mine an ounce of gold. Then the 2nd half of the title refers to ABX's costs, writedown methods and something about the third part. (Reminds me of waiting for the last part of the message before Pearl Harbor.)
    So you have not changed and neither have I. I still can't read, figure, nor cipher, so as my addled brain is yawning and stretching on Saturday morning, will you please fill in this blank?
    The cost of mining an ounce of gold is_$0000.00__________.
    Now after you answer that, [which I'm sure is in your article somewhere] we'll be getting somewhere.
    When I tell someone what my car cost, I usually tell them what it cost, not what I had to do to get the money. When I am selling an avocado out of my back yard on the soap box by the street, I have a sign on it $1.00 or whatever. I don't care about all the different water bills, seeds, fertilizer (and there is plenty of that) bug spray, and so on that it took to bring the avocado to the street. I can tell you this, in most cases when someone is selling something, it is usually including all costs and hopefully some profit. That is NOT the case when I sell my ABX stock. For whatever reason, it goes down. I suppose, someday, it will fulfill my prediction and go up, but what does that have to do with the cost of mining an ounce of gold.
    Please fill me in.
    Capt. Brian
    The Lost Navigator
    This is like getting the real inflation number out of the government.
    Nov 23 10:22 AM | 2 Likes Like |Link to Comment
  • Barrick Gold: Primed To Move Higher In 2013 [View article]
    I agree with all you say, but would like to modify about the gold standard. I think there is not enough gold to do that, but if you keep gold in the King's chair, and make Count Platinum one of the cabinet members, using silver for the peons ( and somewhere palladium is gonna fit in) then you have the basis of a PM based global currency. I also can see copper coins as a medium of trade. In fact, the one ounce coppers you can buy on line, are "worth something" even now. I have 40 of them just in case. We will always use fiat [paper] currency simply due to the fact is easier and agreeable on value, although it will change in buying power as does the PM's. I see an orderly move towards 'backing' fiat currencies.
    For years now, I have been expecting China to set the silver standard for the world.
    The upshot of this is PM's are gonna go up in value, and the rarer they are, the more they will be VERY expensive.

    Capt. Brian
    The Lost Navigator
    Sep 4 12:32 PM | Likes Like |Link to Comment
  • Barrick Gold: Primed To Move Higher In 2013 [View article]
    Just remember, the reasons you are advising ABX are also the reason for hedging against problems, economically speaking, down the road. If that is true, then your stock price could get hurt by the general market falling. (The Tide Floats all boats, higher and lower) so, I would be mighty careful of ANY stock, gold related or otherwise. In place of that, what about a beginning position in an ETF which [for now] is probably safer than a stock from going down? Later, if the fan really gets hit, perhaps the ETFs will also be a hole hard to dig out of when you find out your ETF's aren't really backed by anything except thin air [which is true for a lot of things]. When (or if) things begin to look like they are going to turn really bad, I suggest selling all stocks, and simply buy some gold and silver eagles.

    Just a thought. (which is what I am doing)

    Capt. Brian
    The Lost Navigator

    Any stocks I hold, are very temporary, except for the REITs for the time being, I am sticking with that sector and PM's
    Sep 2 09:58 AM | 2 Likes Like |Link to Comment
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