Silver Mining Documentary
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Re: Silver Mining Documentary
by beauanderos » Sun Aug 10, 2014 10:28 am
so then... these Comstock miners were paid $4 a day in 1860... when gold was worth $20 a day. $1300/5 = $260 equivalent today... not bad 
Last edited by beauanderos on Sun Aug 10, 2014 2:38 pm, edited 1 time in total.
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Re: Silver Mining Documentary
by blackrabbit » Sun Aug 10, 2014 2:03 pm
Very good video. The underground mining is awesome, and the people who do that kind of work got my respect. That is risky work.
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Re: Silver Mining Documentary
by beauanderos » Sun Aug 10, 2014 2:42 pm
in another gold mining documentary I just watched it was talking about the surface mining from the Carlin Grade in Nevada. Takes TEN tons of ore to produce one ounce of gold.
Ummmm... how much does it cost to produce a few trillion in federal reserve notes? One branch on a tree?
I think I'll keep stacking precious metals while the prices are suppressed. Thank you, JPMorgan, et al.
Ummmm... how much does it cost to produce a few trillion in federal reserve notes? One branch on a tree?
I think I'll keep stacking precious metals while the prices are suppressed. Thank you, JPMorgan, et al.
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Re: Silver Mining Documentary
by Thogey » Sun Aug 10, 2014 3:25 pm
beauanderos wrote:so then... these Comstock miners were paid $4 a day in 1860... when gold was worth $20 a day. $1300/5 = $260 equivalent today... not bad
I usually start drinking early on Sunday.
That being disclosed, I have no clue what this is.
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Re: Silver Mining Documentary
by beauanderos » Mon Aug 11, 2014 8:48 am
silver wrote:Looks like Ray did too.
Nah... the documentary mentioned that the miners received very good wages for that day... $4 a day. Was just curious what that would
equate to in today's pay. Tried using a CPI calculator and one gave an answer of about 26X increase per dollar since then. Didn't sound right to
me, so I just figured if gold was $20 an ounce back then, than what would 1/5 of the current gold price be?
Voila!
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Re: Silver Mining Documentary
by LooseChange » Mon Aug 11, 2014 9:12 pm
+1 for RayMath -(noun)- What they should teach in school.
I watched this early Sunday morning, very interesting to see what mines were like back then compared to now. Brave souls, and some hard work!
I watched this early Sunday morning, very interesting to see what mines were like back then compared to now. Brave souls, and some hard work!
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Re: Silver Mining Documentary
by Engineer » Mon Aug 18, 2014 1:52 pm
beauanderos wrote:in another gold mining documentary I just watched it was talking about the surface mining from the Carlin Grade in Nevada. Takes TEN tons of ore to produce one ounce of gold.
Ummmm... how much does it cost to produce a few trillion in federal reserve notes? One branch on a tree?
I think I'll keep stacking precious metals while the prices are suppressed. Thank you, JPMorgan, et al.
Ten tons isn't really that much rock. Depending on the other stuff in the ore, it's only about five cubic yards.
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Re: Silver Mining Documentary
by silverstacker » Tue Aug 19, 2014 6:17 pm
Great documentary Ray thanks for sharing
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Re: Silver Mining Documentary
by Recyclersteve » Thu Oct 02, 2014 12:37 am
+1
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
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