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iraq has new wealth

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Post by Jayzze on Sun Dec 07, 2014 3:26 pm

Gold will be the new money maker for iraq. They are finding huge deposits and companies are bidding for rights to this.

If you remember about 6 months ago i stated that many articles said bagdad and kursdistan  had huge deposits of gold. well one of your experts claimed he did not find any evidence  that they had gold.

Well Kevin, I guess your research was not quite good enough  was it. Btw I recently bought a stock  that is owed by a chinese company who has obtained rights for certain areas of Bagdad  to get the gold out of the ground.

Boy, I am glad I do my own research.
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Post by Terbo56 on Sun Dec 07, 2014 3:31 pm

Ooh,ooh,ooh,ooh! That smarts- iraq has new wealth 3508649203
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Post by Jayzze on Sun Dec 07, 2014 5:10 pm

terbo the truth hurts some people
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Post by Terbo56 on Sun Dec 07, 2014 5:12 pm

Jayzze, you KNOW that's right-
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Post by cyp 107 on Sun Dec 07, 2014 6:25 pm

right on man, way to go, I like hearing things like that.And by the way always trust in yourself when it comes to info you hear.

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Post by Kevind53 on Sun Dec 07, 2014 9:52 pm

Well we will have to agree to disagree, I still have seen absolutely nothing to indicate the discovery of gold deposits, let alone sizable gold deposits in Iraq. If you have articles bring them over.

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Post by Jayzze on Sun Dec 07, 2014 10:48 pm

6 months ago i had ponee brig them over for me and you said the same thing and presently articles are comming out .and i recently  purchased stock in a chinese company i will leave nameless that did the samething in columbia and chile and  now they will been starting mining in bagdad  in jan or feb so at this point it really does not matterif it becomes like cloumbia  like the chinese claim i do not have to hope an rv will happen
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Post by Kevind53 on Sun Dec 07, 2014 11:01 pm

Well, you would think that a big deal like that would be in the news somewhere ... I actually do not remember any actual articles, at least not from any sort of legitimate outlet ... sorry. There were some claims (and on occasion still dredged up by one guru or another,) back at least five or six years ago, but again, I never found any validation. According to all of the mining and geologic info I have found, both from the USGS and from the equivalent Iraqi agency (don't remember it's actual title off the top of my head,) indicate no commercial deposits of gold.

Would I love to be proven wrong? Hell yes, but I am not about to hold my breath on this one.

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Post by Jayzze on Sun Dec 07, 2014 11:07 pm

kevin thats fine because it really does not matter as long as this company  does what it did in columbia and chile in iraq i will laugh all the way to the bank and with there track record i will bet the house on it. end of discussion because you will never admit it anyway
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Post by Kevind53 on Sun Dec 07, 2014 11:10 pm

IF I am wrong, I will admit it ... I have before, and I will again, but I will stick to hard evidence.

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Post by FS4Enthusiast on Sun Dec 07, 2014 11:52 pm

There is zero evidence that Iraq has large, easily accessible, and very profitable gold mines near Baghdad.

It seems like you're not only counting your chickens before they're hatched, you're bragging about your chickens before you've even seen any evidence of an egg.

FYI, it's Colombia. Not Columbia.

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Post by Ssmith on Mon Dec 08, 2014 3:10 pm

I don't think there is much gold mining going on anywhere.  It just isn't profitable with prices as low as they are.
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Post by BritishBulldog on Mon Dec 08, 2014 3:18 pm

@ssmith wrote:I don't think there is much gold mining going on anywhere.  It just isn't profitable with prices as low as they are.
Plus the additional security costs to protect a mine of any significant size would be astronomical with Isis in your backyard. Although I have read many different articles about there being huge veins of gold throughout Iraq...whether they are true or not...who knows.
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Post by Ssmith on Mon Dec 08, 2014 3:28 pm

I've also look for news of gold in Iraq.  Seems there was one that stated there was some small deposits.  Of course I can't find it now.  Oh knows?  Maybe it was a dream.  In most cases, small deposits aren't worth going after.  Especially at today's prices.
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Post by Kevind53 on Mon Dec 08, 2014 6:14 pm

I have seen the articles as well, but none of the ones I saw were verifiable, and every survey of mineral resources in Iraq I have ever seen have contradicted them.

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