DAX-0,70 % EUR/USD-0,26 % Gold+0,26 % Öl (Brent)+1,65 %

David Bond: "„ Ein Quantum Trost “: - 500 Beiträge pro Seite


Beitrag schreiben

Begriffe und/oder Benutzer


James Bond:

„Ein Quantum Trost“:

Website Deutsch




David Bond:

Ich werde mit meinem Freund, David Bond, wieder die „Edelmetall und Rohstoffmesse“ in München besuchen.


Bei Interesse steht Ihnen David Bond gerne für ein unverbindliches Gespräch und eine kompetente Diskussion zur Verfügung.

Das MOTTO ist auch für David Bond klar: „Ein Quantum Trost „

David Bond liegt nichts daran, „Bier nach München“ aus dem „ Silver Valley“ zu bringen, um gegebenenfalls „Gold- und Silber-Investoren“ „zu trösten“.


Deshalb werden unsererseits keinerlei „Bier- und/oder Sonstiges-Spesen“ übernommen ......

... aber im Rahmen der „Termin-und Zeit -Absprache“ möchten wir mit Ihnen gegebenenfalls, in kleinem Rahmen, diskutieren, wie wir die „neuesten Missionen“ im Gold- und Silber-Abenteuer planen.

David Bond kein „Geheim-Agent“ ... sondern steht seit Jahrzehnten zu seiner Meinung und Ansichten.

Bei Interesse: bitte eine „persönliche Mitteilung“ an mich .....

Alles klar ?



PS: wie jedes Jahr, werden wir wieder in „Stein am Rhein“ ( Bodensee) , einen „Fondue-Abend“ organisieren.

Termin: 11.11.2008





"Gesellige Aspekte
Ein wichtiger Aspekt des Fondue-Essens ist das gesellige Zusammensein bei der Vorbereitung des Gerichtes, beim Verzehr und auch beim anschliessenden gemeinsamen Zusammenräumen. Aus diesem Grund hat das Käsefondue in der Schweiz sowohl bei Weihnachtsessen und Freizeitlagern als auch im Militär einen hohen Stellenwert und bringt die beteiligten Menschen einander näher. Wichtige Faktoren sind die Einfachheit des Mahls, das Kochen mit offenem Feuer und die Tatsache, dass diese Gerichte meist nicht als Nahrungsaufnahme, sondern als Abendaktivität gelten. Fondue ist daher besonders im Herbst und im Winter beliebt."


David Bond - Chairman

Mr. Bond is an award-winning journalist, writing and editing for newspapers on both coasts of North America.

For the past two decades he specialized in covering non-ferrous metal mining stories for several prestigious publications, including Platt's Metals Week.

As former editor of the Wallace Miner, his reporting and commentary have appeared in the Washington Times, the Seattle Post-Intelligencer, the Spokane Spokesman-Review, and the Anchorage Times.

He is twice winner of the Atlantic City Press Club's prestigious National Headliner award and recipient of numerous honors from the Society of Professional Journalists, the Associated Press and the Idaho Press Club.

He currently is editor of the on-line Silver Valley Mining Journal and his “Wallace Street Journal” column appears regularly on-line on Kitco, GoldSeek and 24hgold.

He is author of the book, "The Silver Pennies."
The Wallace Street Journal

By David Bond, Editor
The Silver Valley Mining Journal

Munich Musings

Munich – OlympiaPark, built for the 1972 Summer Olympics here in Munchen, looks a little tired and dog-eared these days, not a lot different from the state of the gold and silver markets – equities and physicals.

But scratch beneath the pallid paint and weather-stained concrete a tad, as we did at Frank and Jan's excellent adventure, the just-concluded 2008 Edelmetall & Rohstoffmesse precious metals and resource show, and all hell is breaking loose.

The Edelmetall & Rohstoffmesse precious and resource metals show is an annual must-attend for European precious metals investors, and we're surprised more U.S. and Canadian resource companies don't take some of the money they was they waste on shows in New York and Vegas every year and jump across the pond to meet these folks. Attendance of 4,000 this year was ahead of last year's, sure evidence that the Europeans are paying closer attention to the slow-motion nuclear explosion going on in the financial markets than are their Pablum-fed American counterparts who, now that the presidential election is over, are happy to go back out to their pasture and their ignorance of the feedlot and slaughterhouse awaiting them when the NFL football season is over.

Because it's coming, this financial slaughter, and there is something in the European genetic code that senses it – a scent that coddled Yanks of this generation just aren't wired to whiff. Perhaps it is because the verdant fields, the pleasant undulating hills and the polite forests stretching from Rorschach to to the Normandie highlands are fertilized with human blood from two world wars commanded by world banksters and their puppet kings and parliaments, whereas in America we have forgotten our own Civil War.

Which may explain why there were mob scenes in Munich around the three bullion dealers with booths at the Edelmetall & Rohstoffmesse as we walked in mid-morning last Friday, the show's opening day. At first, we didn't know what the fuss was about; maybe someone was scalping tickets to the World Cup. The crowd was so thick it looked like carrion birds swarming a dead desert coyote.

The going rate for generic 1-ounce Austrian Philharmonic or Mexico Libertad silver coins at Munich? €11.50 Euros or about $14.56 USD for a “commodity” that is supposed to cost under $10. We were told that at an earlier-that-week mining gathering in London, the same silver rounds were fetching ₤10 pounds, or some $15.62 USD. (Everything is more expensive in London than in anywhere else in the world because one of these days they're going to paint the place, but still . . . ???)

Prices don't improve much as one moves up the quantity scale, where scarcity looms an equally large factor and amortized fabricating costs ought to go down. One-kilo coins were bearing a huge premium. And silver bars cost a hell of a lot less to pour or re-pour than a mint's cost to stamp out presentable rounds, though not so you'd know by the premiums they command.

So what gives? Is a vast (fill in the word)-wing conspiracy of coin dealers manipulating the retail silver price? Hardly. Those guys are scrambling so hard to get product (and guarding the identities of their sources when they're successful) they don't have time to talk to each other, much less plot and scheme together. Someone who could find a cheaper source of quality silver rounds would do so, and offering said rounds at a lower price, would make a killing. But nobody can.

Silver supplies from the mines continue to fall. Coeur and Apex can't even find daylight above the darkness of the ditches they've dug themselves into in Bolivia. The newly reopened Sunshine silver mine in our neck of the woods promptly shut down – not due to price or mining issues so much as inept management, but who cares? That's 5 million fewer annual ounces coming to market in the next decade than imagined. Rochester's done. Base-metal producers, the sources of 70 percent of the world's newly-mined silver, are throttling back because of the commodity recession. Miners of all those fancy new projects in Mexico and elsewhere are finding their per-ounce costs to be several dollars above the current phony paper price.

Our friend Sean Rakhimov proposed a thought-provoking concept. (Sean is publisher of the on-line Silverstrategies.com website, a mine analyst and a contributor to Silverminers.com. and other quality web journals, and is an Eastern European survivor of the Soviet Union's implosion to boot, so he knows whereof he speaks.) What is going on, right now, opines Rakhimov, is nothing less than a legal black market in silver, the last vestige of real money for us common folk. This is worth considering:

A black market occurs when the State mandates a price for a commodity that cannot be produced, bought, sold or had for that price – usually a ploy to make state-reported economic figures look better. The inexorable result is that the price of the commodity will rise beyond the official price to the point where producer and consumer are willing to do business in the shade. (Ask any Venezuelan about the posted price and the real price of a gallon of milk.) Reverse black markets also occur: cigarette and booze taxes are prime examples. Indian tribes in Idaho do a land-office business selling cigarettes to Washington State residents at a discount to Washington's Draconian tobacco taxes.

Markets, just like non-Potomac water, seek the path of resistance. As any kindergarten-level Austrian understands, black markets exist only courtesy of artificial social policy. Chavez can claim he's got the world's lowest price for milk, on paper, even as Venezuelans pay as much or more as anybody else. The Peoples Republic of Washington State can claim it's reducing smoking thanks to its high tariffs on tobacco, when in fact all it's done is send the tobacco buyers to Idaho.

(The downside for human flesh in all of this, of course, is that in having created black markets, the State now feels morally compelled to execute those who participate in them.)

But I digress. In the case of silver, what we have is what's shaping up to be a State-set price of $10 USD for 1 troy ounce of triple-fine. This price, like Hugo Chavez's milk price, tells the cattle that the U$ dollar is OK. The reality is a pile of Munichers and Londoners swarming around to buy whatever silver they can at $15 an ounce while they still can. Sean Rakhimov is right: this is a black market right out in the open.

What is to the empiricist quite absurd is why anyone would want to buy (and hassle with) overpriced physical gold and silver when he could participate in paper spot-price action on the ETFs. We have heard it suggested that a smart guy would sell his physical silver or gold at the current premiums, bank the profits, and then leverage back in to the physicals, at paper price, by way of the ETFs.

Why indeed? This temptation has crossed our own tiny mind. Why not sell what we've got at the 50-percent premium, then buy it back on paper for the published spot price? And the answer keeps coming back in the form of another question: Would we rather own a $600 Winchester rifle than $600 worth of Winchester stock, even if we knew we could sell the Winchester shares tomorrow for $900? And another answer keeps coming back, in the form of yet another question: Which instrument better controls the bullet? And which feels nicer to hold?

Beitrag zu dieser Diskussion schreiben

Es handelt sich hier um einen ältere Diskussionen, daher ist das Schreiben in dieser Diskussion nicht mehr möglich. Bitte eröffnen Sie hier ein neue Diskussion.