Should I buy Silver and Gold?

[peanuts]

Peanuts,
I've got a bid in for GRS Gammon Gold. They mine about 1 mil. oz. silver and 25,000 oz. gold each quarter. Sorry, that is total only for 1 mine. Actual numbers per quarter ending Sept. 1.3 mil oz. silver, 50 k oz. gold.

--------------billy

I hope your bid fills. I like GRS.

[billyjoe]

I hope your bid fills. I like GRS.

Peanuts,

I did get it at 8.90 and there's been no lookin' back. Currently afterhours it's 9.48.

-----------Still filling the attic with copper rolls. Holding steady at 25-30% copper per roll checked.

------------billy

[Websman]

Peanuts,

I did get it at 8.90 and there's been no lookin' back. Currently afterhours it's 9.48.

-----------Still filling the attic with copper rolls. Holding steady at 25-30% copper per roll checked.

------------billy

I have some scrap copper to sell..... Maybe I should hold out for a higher price.

[billyjoe]

Don't tell anybody but I think those Coinstar coin rolling machines in the banks are defective. In addition to charging 8% (that's what it was a few years ago) they also regularly put your dimes in rolls of pennies. I found 2 more today and have found as many as 3 dimes in a roll of pennies. Keep up the good work, Coinstar.

------------billy

[billyjoe]

Bot more GRS @8.78

--------billy

[billyjoe]

GRS hurtin' . Bot more at 8.15. Copper % in rolls going down. Now about 26.

----------billy

[billyjoe]

Bot more GRS at 7.93. If this is my Waterloo I'll not be heard from in these parts again. Also heavily in F at 6.95.

---------billy

[dmk112]

peanuts - SLV looks good here after this p/b whatcha tink?

[peanuts]

peanuts - SLV looks good here after this p/b whatcha tink?

I like it. The stop is close, so the risk is low.

[billyjoe]

GRS last 2 trading days range 7.84- 8.78. Bot big chunk at 7.93. Close today 8.48. GRS according to my calculation gets 1/2 revenue from gold 1/2 from silver although with the name Gammon Gold seems to react in price more in line with gold than silver. Looks like a safe bet for a while.

------------billy

GRS earnings results for 3rd quarter before market opens Nov. 12th

[billyjoe]

GRS hits 9.04 and I'm laughing all the way to the back yard where I'm buryin' my gold.

------------billy

[peanuts]

GRS hits 9.04 and I'm laughing all the way to the back yard where I'm buryin' my gold.

------------billy

This is great news, billyjoe. I'm glad that you're on the bus. Spread the word.

[billyjoe]

GRS now 10.37 and F 8.41 so I'm doing well.
Last 5000 pennies % of copper 27.5%, 31.7%, 32.5% so there's $$ to be made in your spare time. Better than smokin'.

-------------billy

[billyjoe]

You know how the zinc/copper coated pennies corrode when exposed to the elements? I've got about 20 pounds of 1982 pennies of which 75% or more will be copper but how can a persom be sure? I'm going to start soaking the bunch in water and maybe put them outside in the cold weather, those not 95% copper will show signs of deterioration within 30 days is my guess.

-----------billy

[peanuts]

You know how the zinc/copper coated pennies corrode when exposed to the elements? I've got about 20 pounds of 1982 pennies of which 75% or more will be copper but how can a persom be sure? I'm going to start soaking the bunch in water and maybe put them outside in the cold weather, those not 95% copper will show signs of deterioration within 30 days is my guess.

-----------billy

copper pennies weigh 3.1 grams and zinc pennies weigh 2.5 grams.