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chickenminer
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NTR - Elemetal ( 17:43:17 FriMar 17 2017 )

Hmmm...
I think I might hold off sending any placer to them until all the (gold) dust settles !

https://www.bloomberg.com/news/features/2017-03-09/how-to-become-an-international-gold-smuggler
[1 edits; Last edit by chickenminer at 17:44:41 Fri Mar 17 2017]



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Dick Hammond - Chicken, Alaska
Chicken / Stonehouse Creek Mining
Chickenminer.com
 
 
geowizard
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Re: NTR - Elemetal ( 23:16:04 FriMar 17 2017 )

Fake news? :confused:

Reading back to Colonial America, it's easy to find news that fits the agenda of the "source of the news".

It didn't begin with Benjamin Franklin either.

Does Mike Bloomberg have an agenda? :confused:

He wanted to pull soft drinks off the shelf in New York,

Remember?

Look:

https://www.mikebloomberg.com/global-impact/

When I view news and "News Makers" and the "Fake News" that is pervasive in all forms and from all sources with all of the "agendas" in mind, everything that is reported in the news should be read with "critical thinking" on what is the agenda of the source!

Illegal mining and the problems that are related to environmental issues in South America; Save the Rain forest; save the jungle from DE-FORESTATION, Save the natives from the ruthless GD miners!

Is there an agenda?

- Geowizard

  
geowizard
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Re: NTR - Elemetal ( 23:24:53 FriMar 17 2017 )

Ask a few "critical thinking" questions;

How did Bloomberg news get all of this inside information?

FBI doesn't discuss on-going investigations.

The parties to the investigation aren't going to come out and speak to Bloomberg News either!

Yes, it may have happened. Yes, there is an on-going investigation.

Bloomberg News has no way of "KNOWING" about miners and/or low level refiners travelling over the mountains and through the deserts to smuggle GOLD.

Makes an interesting story!

Other questions relate to setting up multi-million dollar bank accounts and moving large amounts of money into South American Countries... Want to GET ON THE RADAR? Well, there aren't many things you can do than to send millions of USD into South America to get right in the middle of a discussion with DEA and a dozen other banking related Federal entities! :smile:

- Geowizard

  
geowizard
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Re: NTR - Elemetal ( 00:17:02 SatMar 18 2017 )

Noteworthy;

The TWO large images of artisanal (illegal) mining operations suggest that the News piece is NOT about smuggling but ILLEGAL mining in South America.

Images provided by the Chilean Customs Offices, have a potential motive in demonstrating how entities in the US are conspiring in the Illegal smuggling of GOLD. In searching for other venues for transportation of GOLD, from South America, I found BRINKS and other conventional "courier" business entities that provide the service.

Cleaning GOLD;

It doesn't take much imagination to come up with ways to make "dirty gold" - "clean gold". Therefore, the gold is certified and shippable internationally. There are major GOLD producers all over south America that ship GOLD. Mined gold is refined and sold to refiners. The cash goes to pay miners and investors.

Where does the GOLD go? :confused:

The GOLD goes to Bullion buyers - all over the world! Gold on the buyer side runs ten percent OVER spot prices. :smile:

- Geowizard
[1 edits; Last edit by geowizard at 00:17:32 Sat Mar 18 2017]

  
geowizard
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Re: NTR - Elemetal ( 01:45:25 SatMar 18 2017 )

Elemetal;

https://elemetal.com/certifications

They have about 60 locations all over the US.

I have not done business with them. They have a solid list of certifications - as good as many other refiners.

- Geowizard

  
geowizard
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Re: NTR - Elemetal ( 14:59:24 SatMar 18 2017 )

Reality check;

There have been a few discussions on this Forum and others about going south! :smile:

There are probably hundreds of "Gringo" Gold Prospectors that have made the trip to various locations through-out South America. I'm sure there will be more that will make the trip.

One of the things most Prospectors do before they make a trip to South America or elsewhere is to WATCH THE NEWS. :confused:

As Gold prices hover around $1200 an ounce and many Americans approach retirement, there are undoubtedly many Gold Prospectors looking over the prospects in places like South America.

The problem that arises is that South Americans really don't need or want any "Help" from Outsiders! The ONLY "Help" they need is Funds. In other words, after landing in South America, the Gringo Gold Prospectors looks for "contacts" that might be able to provide direction to the nearest "digging". The rest of the story runs the course of the average "hustle". After the funds run out, the hustle is over and the Gringo Prospector has no "friends" and little or no support system - in some case not enough money for a return ticket home! I see it happen every year in Alaska. So, there is little doubt about the probabilities that face the intrepid Gringo Prospector in South America.

The NEWS in South American countries is repleat with stories of outsiders coming in to Peru and other GOLD producing countries and mining ILLEGALLY. You need a PERMIT to mine in Peru. You BUY a PERMIT and you find out that you bought the permit from the wrong person. The land you want to mine is NATIVE owned property. You talk to the Chief, you BUY a permit and two days later, after you make a discovery, you are forced to leave.

Problems?

There are naturally problems related to outsiders pushing their way into indigenous lands.

How to slow down the influx?

Fake News!

Since News Makers like Bloomberg News are always looking for a "SCOOP", they develop contacts with News organizations in other countries. In particular, countries where there is Conflict. The very best news articles come from conflict.

Conflict involving GOLD;

Serapalada, in Brazil was in the news back in the 1980's Most "Millenials" don't remember. So, it was a big GOLD story that kept getting bigger! The GOLD was being mined from a mountain that became a deep pit. Everyone was getting RICH. In the end, the crime and violence became so great that the Government took control of the mine and flooded the pit.

Today is no different than yesterday. GOLD Prospectors looking for GOLD and News Makers looking for a SCOOP. :smile:

- Geowizard

  
geowizard
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Re: NTR - Elemetal ( 16:00:36 SatMar 18 2017 )

News or Propaganda; :confused:

https://www.mikebloomberg.com/news/mike-bloomberg-paris-mayor-anne-hidalgo-call-mayors-deliver-paris-agreement/

You decide. :smile:

- Geowizard

  
geowizard
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Re: NTR - Elemetal ( 16:10:28 SatMar 18 2017 )

News or Propaganda? :confused:

Sugar in Soft Drinks in Mexico may be "off topic" but everyone must decide; What IS the topic?

News Makers having a Financial interest in World Markets could have an "agenda". The agenda may be overt or covert.

Remember the story - during the California Gold rush, an entrepreneur bought up ALL of the shovels in San Francisco. Then published a STORY in the News about a big GOLD discovery! There weren't enough shovels!

https://www.mikebloomberg.com/news/soda-sales-mexico-continue-decline-since-sugary-beverage-tax-began-two-years-ago/

- Geowizard

  
DanAK
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Re: NTR - Elemetal ( 18:53:07 SatMar 18 2017 )

I have been using Elemetal for a couple of years now, I am happy with their service,

  
chickenminer
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Re: NTR - Elemetal ( 05:17:27 SunMar 19 2017 )

Take the article for what it's worth to you.

Dan ... I was happy with Delta Smelting & Refining until they went bankrupt and left a bunch of us holding an empty bag !



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Dick Hammond - Chicken, Alaska
Chicken / Stonehouse Creek Mining
Chickenminer.com
 
 
geowizard
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Re: NTR - Elemetal ( 21:48:00 SunMar 19 2017 )

Dick,

Have you ever asked how a refiner can go bankrupt?

They receive gold.

They assay the gold.

They have the refined gold sold BEFORE they pay.

They sell gold at a "premium" - usually 10 percent over spot.

Then they pay.

The refiner has NO risk.

That's how a refiner stays in business! :smile:

- Geowizard

  
geowizard
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Re: NTR - Elemetal ( 21:52:56 SunMar 19 2017 )

Advances on payment;

I sell gold to a refiner in Anchorage. They will advance a partial payment to customers they have a standing business relationship with. An advance payment requires 3 days. The Final payment takes a week to ten days.

- Geowizard

  
chickenminer
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Re: NTR - Elemetal ( 23:53:26 SunMar 19 2017 )

Quote: geowizard at 21:48:00 Sun Mar 19 2017



Have you ever asked how a refiner can go bankrupt?

- Geowizard


Ya,
Stupidity or greed or both.
I got burned once, that was enough!

Send all the gold you want to NTR.
[1 edits; Last edit by chickenminer at 23:54:12 Sun Mar 19 2017]



---
Dick Hammond - Chicken, Alaska
Chicken / Stonehouse Creek Mining
Chickenminer.com
 
 
bonzo54171
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Re: NTR - Elemetal ( 19:03:43 WedMar 22 2017 )

Geo, refiners do not get 10% over spot for their gold. They get spot.

They make their money on the % less than 100 they are paying you upon settlement. They also make money on the other metals on the alloy. There is also upfront charges if your lot is not big enough.

Regards, Chad

  
geowizard
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Re: NTR - Elemetal ( 15:54:37 ThuMar 23 2017 )

Hi Chad,

I ship gold from a mine in Alaska to a Refiner in Anchorage.

The arrangement is that I pay for assay cost and refining cost. They pay 98 percent of spot on the refined gold. They also pay 95 percent on silver content.

A refiner doesn't operate on a 2 percent margin and expect to make money on 5 percent of the silver content.

There's NO WAY to speak for all refiners in the free world! :confused:

The process of "upgrading" gold has added value and added cost. A Jeweler would not expect to buy gold at spot. The reason is because even though the refiner has been compensated for the cost of assay and refining, there has to be a cost for the transaction to the jeweler or investor. There are GOLD bullion sellers on the market that sell gold at a low premium of 2 percent over spot. :smile:

- Geowizard
[1 edits; Last edit by geowizard at 15:55:54 Thu Mar 23 2017]

  
geowizard
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Re: NTR - Elemetal ( 14:34:41 SunMar 26 2017 )

Samuel Brannan;

During the California Gold Rush, one entrepreneur capitalized on GOLD prospectors;

Read the story under the caption "California Gold Rush";

https://en.wikipedia.org/wiki/Samuel_Brannan

Publishers like Mike Bloomberg capitalize on publishing "stories". Every publisher knows the importance of having writers that can tell a story! There is a trend in social media to create NEWS that is factually incorrect - but makes an interesting story. Whether the Bloomberg Smuggling Story meets any standard for accuracy is up to the reader to investigate. The unfortunate reality is that people read stories and the stories distort their perception of reality. Publishers understand the concept very well. If a publisher has an agenda, that agenda can be furthered through publishing stories that support the agenda. Special interest groups affect the political forces in every country. South American countries are a rich source of "environmental" news. Government corruption, illegal mining, narco-trafficing and smuggling make for interesting reading material. :smile:

- Geowizard
[1 edits; Last edit by geowizard at 14:36:21 Sun Mar 26 2017]

  
chickenminer
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Re: NTR - Elemetal ( 23:22:50 FriApr 28 2017 )




---
Dick Hammond - Chicken, Alaska
Chicken / Stonehouse Creek Mining
Chickenminer.com
 
 
geowizard
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Re: NTR - Elemetal ( 01:20:41 SatApr 29 2017 )

Dick,

Look at the source of the report.

https://www.marketslant.com/user/soren-kgroup

Anything for a story.

I seriously doubt the writer has inside connections with US Attorneys General - they never discuss the conversations they have related to on-going investigations.

More "fake news"?

- Geowizard

  
DanAK
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Re: NTR - Elemetal ( 04:26:46 SatApr 29 2017 )

Elemetal sent an email a few days ago saying they would be closed for "inventory" for the next 14 to 21 days and they would not be accepting any bullion sales during this time

  
geowizard
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Re: NTR - Elemetal ( 04:37:41 SatApr 29 2017 )

The Marketslant stories are the only ones that create a security pop-up on my computer.

Elon Musk is going to take over your brain..etc.

- Geowizard
[1 edits; Last edit by geowizard at 04:38:31 Sat Apr 29 2017]

  
geowizard
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Re: NTR - Elemetal ( 16:04:58 SunMay 7 2017 )

Consider a few points that should be obvious;

Handling anything that has VALUE requires serious attention to security.

GOLD is NO exception. A company that wants to get into the business of refinfing GOLD and other precious metals will employ a VERY HIGH standard of security. The risk and liability of handling precious metals requires attention to EVERY detail. Does a company hire people that are not vetted? Is there NO chain of custody?

Is this a game children play?

No, this is a business that the most serious ADULTS work at and demonstrate the ABSOLUTE highest levels of HONESTY and INTEGRITY.

Receiving GOLD and managing the handling, processing (refining) and PAYMENT for GOLD is serious business.

- Geowizard
[2 edits; Last edit by geowizard at 16:07:02 Sun May 7 2017]

  

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