The Current State and Future of the Mining Industry with Pierce Carson CEO of Santa Fe Gold

[cpgone]

just buy physical , forget all paper

[jaspercookiecats]

If he is not buying physical gold or silver then why should I? I think its kinda funny that a CEO of a mining company doesnt even own what he does business in. Funny He only does junk silver, seems to me bullion is a rip off. Also if the dollar does become undervalued who's to say that gold and silver will be worth anything? Gold and silver are based on today's dollar prices. Food, Water, Ammo will out perform gold and silver!

[lindabebe835]

thank you daniel. excelllent vid and info.

[LMIMSsoi]

watch?v=QJTF-Ke2oPU&context

[visionvictory]

@SuperEye2eye Paper backed by something, a stock is a certificate. How else am I going to own part of an operating mine? In my opinion, this is part of a hard asset portfolio. But hey, I understand the mistrust in the system and am certainly not going to try and change your position. I respect your idea of only owning physical. I will point out though that if you look at the history of economic collapse, deflation, and hyperinflation, the stock markets are always still around.

[stealinator]

@cassanoa exactly, reminds me of the photo offten used of Jim Sinclair sitting at his desk proudly displaying a measure of his real wealth.

[visionvictory]

@stealinator You mean the desk at the office of his mining company :)

[stealinator]

@visionvictory thats the one, a very 'physical' Image :) love those asian tubs. Thai?

[nayanmalig]

I really am very skeptical about paper that are "backed" by anything. I' d rather own the real stuff & not paper.

[visionvictory]

@nayanmalig Look, I totally understand your concern, but remember, stocks are backed something. They are backed by the businesses, the properties, the tools, and even the work force. It is an ownership share of a company.

[USBankruptcy]

@USBankruptcy Governments confiscate mines when times get hard.

[jnnycliff]

actually my coworker's cusion work for them in the south west. they around the places searching for precious metal. but you have to do your own research, as now i only buy one oz from my local dealer.

[jimbobubbadj]

Why do so many of these ceo types love paper so much?

[visionvictory]

@jimbobubbadj Because the paper is backed by not just a gold bar, but a gold mine :)

[FutureMoneyTrends]

Come to the FutureMoneyTrends channel to see a separate interview of Pierce Carson

[jake4569]

Hey i know this is a dumb question but how do i get started buying stocks id like to invest in this company as well and maybe a few other, who do you use?

[taxigringo]

@jake4569 Open an account with Scottrade for about $2500. Once the account activates in a day or two buy the stock from their website. In my opinion this is a pretty promising stock. I've been with it for about two years and it looks like it will soon make the move we've been waiting for.

[visionvictory]

@jake4569 I use OptionsXpress, but Etrade is better for the resource sector since Etrade does TSX companies. However, make sure you understand the situation, you need long term food storage, water, physical metal, ammo, and a plan for your family. Once you are ready for the worst case scenario, then if you feel comfortable, consider other hard asset investments like mining stocks.

[32937isready]

Let's say the SHTF and he loses his job, He has no gold and silver. What a dumb ass.

[visionvictory]

@32937isready He runs a gold and silver mine though and he did say he has silver. You have to look at it from his shoes, his entire life is tied to gold.

[terr547]

I appreciate your full disclosure.

[visionvictory]

@terr547 No problem, I' proud to have partnered with these guys. They have 60 employees and are the real deal.

[brisbaneftwmerc]

Mike Maloney says stick with physical everything else is paper, therefore counterparty risk.

[visionvictory]

@brisbaneftwmerc I can totally see why people would choose that, but remember, during economic collapse, the stock markets are still around after. During war, hyperinflation, stock markets are still there.

[TheChineseEmpire]

@visionvictory, historically true but just remember there was no history of nuclear weapons and what we are about to see is something that has never happened in history. perhaps no amount of preperation will save anyone. 

[cassanoa]

you have a good point -thanks

[visionvictory]

@cassanoa You have to remember, when your income and all your wealth is tied up in 1 gold/silver company, you might not be as concerned as the rest of us to get physical metal. The guy has a producing mine, he can get the metal whenever he wants. Just saying...

[143DREWID]

@visionvictory

So... rely upon your employment as an investment?

Own stock, 401k, retirement account with the company?

A foolish endeavor, regardless of assumed security.

Especially so today, 2012.

Get fired, goodbye metal you never picked up.

[endlessmountain]

i'll most likely give my comment and the technical analysis as I have imported it's data that I found on this on the weekend. I have done about 40 min of research and am curious to know what happened from 06.19.2003 to 07.31.2003 and then again on the date of 08.12.2004.

[SteveXnycperformance]

why would you sell your gold for fiat dollar, when gold is free. these major gold cooperation are all funded by bankers, to push the local and small mining out of opportunity.they want the local and small mining individual to work for the big banker funded gold company.the banker gold company will then monopoly the small guys to work for day-labor wage. the banker have the commissioner with guns and army to prevent any local activities.get a gun a rob the gold and money, FUCK THE BANKERS.

[visionvictory]

@SteveXnycperformance I agree, but there are very smart people out there like Eric Sprott and Nolan Watson who are lending these mining companies money and getting paid back in physical metal.

[SteveXnycperformance]

@SteveXnycperformance Would`nt make a difference. The bankers already have total control on all gold, cause the monitor and dictate the price(fake) for gold. The locals or gold owner should be able to bargain his price with the buyer in the world market ,but since the bankers set the price for everyone gold,you are all getting rob, and will get rob of all gold when the banker send the army to rob u. miner are dirty away so sling mud in they eyes..lol.

[Eraser7622]

Thank you Daniel.. a very valuable interview you've given to all of us. So glad to have you on the side of freedom and appreciative of the service you give to us all.

[visionvictory]

@Eraser7622 Just bought my son and myself matching Ron Paul and End The FED shirts :)

[helltrackrider]

I have a few pounds stored at my house...

Not of Gold / Silver; but...uggghhh...well, lets just say its a plant.

[visionvictory]

@helltrackrider LOL

[zalida100]

Nice one daniel. Good luck with this company etc. Sounds good. Could you consider removing some of the noises during your interviews and presentations. I don't think they are very helpful & sometimes I get a fright with the loud noises. (It's your vid & you do what you like, but I just find it a bit annoying/distracting). Cheers

[visionvictory]

@zalida100 thanks for the comments

[bonesnofoa]

Wait.. he says at 4:58 that he doesn't keep physical silver except some junk coins. I stopped the video right there.

[Bezdelnik420]

they should offer to sell silver/gold cheaply to stockholders

[visionvictory]

@Bezdelnik420 I would like to see that be the next step for all of these mining companies. The GLD has really sucked the air out of the room, selling bullion direct would be a good way to encourage people to own these companies.

[greenback001]

The world is heading for the shitter. However there is a silver lining.

[visionvictory]

@greenback001 Exactly, we still have to live our lives. Just make sure to buy food, water, ammo, and physical before making any investments.

Dan

[TWSceptic]

@visionvictory And a quality safe hidden in the house or just bury it in your yard and mention it in your will for the worst case scenario.