Low-Tech job

No Worries · 06-21-2009, 02:46 PM

In late 1978, I spent over $500 on courses about Uranium. As a geologist, I was going to strike it rich prospecting and discovering uranium prospects. Then in 1979, an incident called Three Mile Island happened. The uranium market dried up.

When gold hit $800/ounce in the early 80's, I took all kinds of courses on geochemistry, and different types of gold deposits. Soon, the price collapsed. See a pattern developing?

I made my fortune evaluating mineral deposits, but in May, the price of silver went up 27 percent. With the uncertain economy and the cheapened U.S. dollar, gold and silver have been pushed to tantalizing highs. I gave away my sluice box years ago, but may get another one. Anyone into panning, prospecting, or mining?

Dragonpaco · 06-21-2009, 03:04 PM

do i get to wear red wool longjohns and a funny hat?

Amber Lamps · 06-21-2009, 05:19 PM

Quote:

Originally Posted by Dragonpaco

do i get to wear red wool longjohns and a funny hat?

Yea and chew tobacco and sleep two up in a pup tent!

the chi · 06-22-2009, 04:02 PM

I've never thought abut doing it seriously, tho it seems like it'd be alot of fun and I'd LOVE to not be around other folks in a career...but Im thinking I wouldnt have much luck in south Ga. Are there areas where this would be more successful?

shmike · 06-22-2009, 04:05 PM

Based on your history, should I be shorting silver?

Papa_Complex · 06-22-2009, 04:16 PM

Quote:

Originally Posted by Dragonpaco

do i get to wear red wool longjohns and a funny hat?

Better to wear a priests collar and carry a six-shooter. Then you've got both the mothers and daughters falling for you.

LeeNetworX · 06-22-2009, 04:19 PM

Funny you posted this today. I was speaking with my wife's uncle last night and got to talking about the economy / investments. All of his life, he's been putting 10% of his savings into gold/silver. And lately he's really happy he did, with the steady incline in value. He's one of those people that has always been practical and diversifies his investments and he's done well. I always enjoy talking with him and listening to any opinions/advice he's willing to share.

Rsv1000R · 06-22-2009, 04:19 PM

Quote:

Originally Posted by The Chi

I've never thought abut doing it seriously, tho it seems like it'd be alot of fun and I'd LOVE to not be around other folks in a career...but Im thinking I wouldnt have much luck in south Ga. Are there areas where this would be more successful?

Actually the ends of the Allegheny Mt's are know for their geodes (amethysts).

Curb · 06-22-2009, 04:24 PM

actually i think he should go into the oil business...maybe it will bring the prices down

pauldun170 · 06-22-2009, 04:34 PM

Quote:

Originally Posted by No Worries

In late 1978, I spent over $500 on courses about Uranium. As a geologist, I was going to strike it rich prospecting and discovering uranium prospects. Then in 1979, an incident called Three Mile Island happened. The uranium market dried up.

When gold hit $800/ounce in the early 80's, I took all kinds of courses on geochemistry, and different types of gold deposits. Soon, the price collapsed. See a pattern developing?

I made my fortune evaluating mineral deposits, but in May, the price of silver went up 27 percent. With the uncertain economy and the cheapened U.S. dollar, gold and silver have been pushed to tantalizing highs. I gave away my sluice box years ago, but may get another one. Anyone into panning, prospecting, or mining?

meh...thats nothing.

My wife spent (well let's be honest...her DAD spent) 40K on Geology degree.
that investment took a shitter right after pauldun170 jr. #1

06-22-2009, 04:24 PM	#9
Curb resident gimp Join Date: Nov 2008 Location: SoFla Moto: a big ole steamin pile of nothin Posts: 1,344	actually i think he should go into the oil business...maybe it will bring the prices down __________________ Steve Political correctness is killing this country

06-21-2009, 02:46 PM	#1
No Worries Keyboard Racer Join Date: Feb 2008 Location: Mile High City Moto: Old Superbikes Posts: 1,016	Low-Tech job In late 1978, I spent over $500 on courses about Uranium. As a geologist, I was going to strike it rich prospecting and discovering uranium prospects. Then in 1979, an incident called Three Mile Island happened. The uranium market dried up. When gold hit $800/ounce in the early 80's, I took all kinds of courses on geochemistry, and different types of gold deposits. Soon, the price collapsed. See a pattern developing? I made my fortune evaluating mineral deposits, but in May, the price of silver went up 27 percent. With the uncertain economy and the cheapened U.S. dollar, gold and silver have been pushed to tantalizing highs. I gave away my sluice box years ago, but may get another one. Anyone into panning, prospecting, or mining?

06-22-2009, 04:05 PM	#5
shmike Follower Join Date: Nov 2008 Posts: 5,549	Based on your history, should I be shorting silver?

06-22-2009, 04:19 PM	#7
LeeNetworX SFL Expatriate #1 Join Date: Nov 2008 Location: ATL Burbs Moto: '09 Triumph Speed Triple Posts: 4,712	Funny you posted this today. I was speaking with my wife's uncle last night and got to talking about the economy / investments. All of his life, he's been putting 10% of his savings into gold/silver. And lately he's really happy he did, with the steady incline in value. He's one of those people that has always been practical and diversifies his investments and he's done well. I always enjoy talking with him and listening to any opinions/advice he's willing to share.