Best gold invesment in Idaho? Both precious metals investments and stocks have their pros and cons. In our aging society, it is increasingly important to plan for retirement. Two common investment vehicles are stocks and physical commodities, like precious metals. Each type of investment carries real benefits, and unique risks. Here, we will examine the differences between these two popular investment options, their respective risks, and their advantages.
Extraction from surface is permitted and test mining is planned to begin immediately. Material will be stockpiled and then processed once a mill is purchased. Toll mining is another potential near-term option. This should generate significant cash flow which is intended to finance the development and exploration of the existing workings.The plan is to extract gold mineralization at a rate of 150 tpdby the end of 2020.
The company plans to develop and test-mine the historical high-grade Mary K mine in Idaho. Bond Resources has signed an L.O.I with the owners of the mineral leases and 450 acre property. Conditions of the underground workings are currently unknown, but additional development and/or rehabilitation is considered straight forward. Elk City is located 33 miles ESE of Grangeville, Idaho. It is the closest town. Elk City is accessed by a well maintained two lane highway (Hwy 14), which follows the south fork of the Clearwater River.
The Mary K mine was first staked on Jan 11908 by Maxwell and Williams.They sunk two shafts and dug cuts along the vein for 3,000 feet.Richard Kleesattel, a mining engineer, picked the mine up in 1915 and began expanding the underground workings.Between 1929 and 1942 Mr. Kleesatteldeveloped at least 2,400 feet of underground workings.The longest is the #4 Level, or Main Access, which is over 2,000 ft long,1,100 ft of it were in high-grade gold mineralization. See extra info at gold in Idaho.
Gold has historically been an excellent hedge against inflation, because its price tends to rise when the cost of living increases. Over the past 50 years investors have seen gold prices soar and the stock market plunge during high-inflation years. This is because when fiat currency loses its purchasing power to inflation, gold tends to be priced in those currency units and thus tends to arise along with everything else. Moreover, gold is seen as a good store of value so people may be encouraged to buy gold when they believe that their local currency is losing value.
His operational experience is extensive, having formerly served as President and Chief Operating Officer of Cliffs Natural Resources Inc., President and Chief Operating Officer of Diavik Diamond Mines, Inc. and General Manager of Weipa Bauxite Operation of Comalco Aluminum. See even more info on here.