[Widget Jr]

Part One of Two for the Martin Armstrong ping list.

This lays down some ground work of the reality of the gold industry, the mining, buying and selling by professional who work in the mining industry for a living, and scams they have to avoid. The part of the business the comes before offers to "invest in gold" that only help those selling investment schemes more than anyone trying to make real investments.

The relevant part to Armstrong is this: "You are not going to make millions buying and selling gold when the actual mines are not making that much themselves."

Part two gets into Armstrong's dubious gold forecasts and his associates who promote him.

Comments, questions, informed critiques, angry ranting and raving?

Tear Collection Kits available at poster's expense.

[Widget Jr]

The Martin Armstrong Ping List, dedicated to discussing and exposing the “Felon Forecaster” who spend a decade in prison for fraud.

More information at Martin Armstrong Socrates Scam.

[cyclotic]

Watching some of the gold mining shows on TV ought to disabuse anyone of the get rich quick gold mining schemes. You see these guys bust their butts all season to mine a few hundred ounces from a million yards of dirt. It’s a good way to make a small fortune by starting with a large one.

[KarlInOhio]

You can save time and money by buying tungsten bars and gold spray paint instead of the gold Prince Mzgubu is trying to sell you via email.

[JZelle]

So you’re telling me I should hang up on William Devane?

[funwithfood]

I always found it odd that those who preach “protect your wealth by buying our gold cause you know, dollars are going to be worthless” are happy to trade gold for worthless dollars.

Number one rule: if they advertise on RW media outlets, avoid..

[Ruy Dias de Bivar]

Ask a simple question...WHY are those with the “gold” willing to sell it for soon to be worthless dollars?

[nuke_road_warrior]

Gold mine: “A hole the ground with a liar at one end and a fool at the other”
—Mark Twain

[algore]

I have never heard of Scott brown the author.

But his first example.
“For example, Stillwater Mines, which operates in the United States and is the only large Platinum/Palladium mining effort in the US reported the 4th quarter of 2015 a 23 million dollar profit. And that is the only real mining operation of any size in the United States that mines Platinum Group metals. You are not going to make millions buying and selling gold when the actual mines are not making that much themselves.”

Is so false and misleading I actually laughed.

Granted some of the other stuff is reasonable.

I bet the newbie author never spoke with or dealt with Hannes who actually would take your call 24 hours a day 7 days a week.

That guy was awesome till he wasn’t.

Or try to help a startup in Bolivia where the owner had developed an eco friendly refining process and wanted to mint super pure .99999 coins for the Bolivian gov’t

[redfreedom]

I have zero interest in typical precious metals such as gold and silver. So I’ll never fall into some scam.

However I do buy precious metals, all I can afford which are lead, often coated with copper and mostly cased in brass. Those are my favorite metals.

[Ronaldus Magnus III]

The last place I worked had really good spam filters, but nothing is foolproof. One day I received a new version of the classic money in Nigerian bank scam. It happened to include gold in the enticement. I decided to have a little fun. I responded with something like this:

“In order to prove the authenticity of this communication, please send via FedEx $5,000 in gold bullion. Once the gold is tested for quality, we can continue our conversation.”

The fool actually responded with:

“I know understand you.”

I responded with:

“No kidding Dick Tracy.”