031709 Urban Miner Jobless and Happy

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Education

Tags:

• 031709
• Urban
• Miner
• Jobless
• and
• Happy

[2yung4u]

hi, i really enjoy your videos. i am an amateur gold prospector, where i live there is gold dust in the sands and gravel by the river outside of town. i am looking into buying a desert fox(spiral gold panning machine, costs about 200-300 dollars. a small investment on my part that will make me an ounce a day in gold. i think this is idea is a good one. what do you think?

[mustangjake2073]

I want to live by the river outside of your town. Great machine i googled. Looks like i'm going to go buy one and hit kern river here in cali.

[efreeme7]

How come they don't take silver for food in Zimbabwe?

[mustangjake2073]

While gold dust is plentiful in dirt, silver is very scarce and are usually found only in lodes.

At some point in human history, silver should outperform gold just based on scarcity and when people wake up to the health uses.

[dsturch]

Great series. Very informative and good to see someone has the balls to start a business like this up.

Few questions though: What kind of volume are you buying a week in oz? What do you do with jewelery if there are stones? Do you pay extra for the stones or do you give the item a miss? Also do you hedge or do you have a quick turnaround time to limit the wild fluctuations in the price of gold and silver?

Anyway great videos and keep up the good work.

[mustangjake2073]

1. bout 20 oz

2. I throw out big stones and melt the smalls.

3. stones are a way to sell a 100 dollar ring for 1000 dollar.

4. I have weighted stones for comparison when buying. minus the weight in stones.

5. quick turnaround and hedge whatever i don't need to survive.

[stellaconcepts]

because they can find gold in the mountains at ground level... silver is not as easy to mine with no equipment.

[mrzack888]

the music is good

[MRSketch09]

Best line : "Those damn ponzi bastards" lol.. Ain't that the truth.

[valstar1000]

@mustangjake2073 I think one of the things which make gold special among other metals is that it is very soft and so can be easily manipulated into different shapes and does not rust easily.

[reedpeed13]

cool snakes bro

[metalicmario]

When you say you scrap do you refine your metals or melt and sell? Also, be careful with the Englehard bars. A rep at the refinery I take my PMs to told me a story of one guy that for years drilled holes in thesebars filling them with lead and then plugged it. He accumulated thousands and thousands of ounces doing this. Many of these bars are still floating around. Anyway thanks for sharing your story. Very insperational.

[BullionTubeCom]

niceeeeee

[Krandolph17]

I would love to do this but I don't think I have an inkling of where to begin :/ especially since money is very tight for me, and I don't think there is any gold or silver found naturally in the ground where I live: Wyoming.

any advice?

[sfholton]

Kick ass!

[MrB0TT]

You don't Have to lose your job to tap your 401k. I took out a loan against half my value. Paid off credit card debt and bought silver with the rest. The money I saved by not having those credit card payments was the same as my monthly loan repayment was so I didnt notice any differnce in my monthly budget. Since then silver has doubled. Best descision I ever made.

[pep1player]

You can't buy a house, clothes or water with food. It's very hard at the very least, but you can with precious metals.