OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

How to survive the Manufacturing game….1. Move up to the next higher level in the quality end of the product.2.Increase production at that level is possible because they previously had room because profit being higher and had not yet squeezed out the highest production.3. Deliver product to the customer faster which is certainly possible because transportation is where your advantage is. In clothing manufacturing it took 3 -9 months to go from cutting to shipping ,I cut the time to 3 DAYS .Thats incredibly important where styles change.Thats what put Sears out of the clothing business.They found it impossible to change styles on the fly..They got bogged down with every other manufacturer except me that couldent ship on time with any style change at all.They always called on me for “emergency” deliveries .WE moved up from Sears to department store customers where margins were better,we could deliver style changes faster ….What almost killed us was the recession in 1969 when Department stores stopped paying on time and some went from 30 days to 90 day before they paid and if your doing 1 million $ a month your cash flow dried up by 3 million on a 90day delay..So it wasent the manufacturing  competition that hurt ,it was the CASH FLOW …In that business you manufacture for 6months and ship only in the last three months of the year .Stores dont want to inventory and only allow shipping as close to Christmas sales as possible.Its the RETAILERS THAT KILL their suppliers.

Then manufacturers “FACTOR”their accounts receivables (borrrow against it )until payment is made….more expense ! Manufacturing got squeezed from all sides.

The margins were small typically 3 % to start with ….and then even if you made that you couldent collect payment. Bring manufacturing back ? I dont think so unless everything changes ! Trump survived the Real Estate building business by going up scale just like we did .Real Estate on the LOW end only worked after WW2 when the volume was high.

PS.We survived the cash flow problem by starting a Factory outlet for CASH SALES …..thats what got rid of ALL THE PARASITIC practices of the Unions,the Retailers ,the money lenders,the Gobberment  all in one fell swoop…!

Hui is just under 200 day Av wich is at 203.13 last at 202.56 and the Hui/Gld spread is taking on the 50 D av at 1.6491…last 1.6456.

Imported products should have been considered or looked at like Heroin, Cocaine etc, illegal drugs. Outlawed for the public’s own good. But our gov’t SUPPORTS big global corporations, the “drug dealers”. Plus, the global welfare philanthropist freaks LOVE to see US Dollars going to poor so called undeveloped countries.

Since 1975, THEY WON. And now nothing left for them to win, and they are in panic mode, trying to MAKE the USA prosper, WITHOUT the USA going off THEIR Drugs.  Too little too late during Obama.

TPTB attitude…Geez, don’t give them a raise, they’ll only spend and enjoy it. Give them a LOAN. We’ll enjoy getting paid back with interest.

Let me tell you of my personal experience a few years ago . After retiring , I took a part time job with a small manufacturing company in the NE . One of our principal customers was an appliance manufacturer north of Chicago . Their buyer wanted a meeting to discuss a price reduction ( our margin was already razor thin, if not zero, but the quantity kept the wolf from the door ) . Dann ( that should have been my first clue , not Dan, but Dann the facetious A**hole) began the meeting by bragging that he had already put businesses on the rocks for failing to meet his demands for a lower price . We could not lower the price without reducing headcount , which was already cut to the bone . Every employee was essential , and skilled at their tasks .
The owners made a trip to the Far East , made a deal there to manufacture our product , and a few months later fired all the old hands who had been with the company for most of their working careers . Devastating to them , difficult for the owners , beneficial to those in the Far East who essentially had slave labor , and likely a boon to lawyers when the legal suits come in from water damage caused by the shoddy imported parts failing, down the road .

I don’t think they care. They were planning on raising interest rates because they saw Trump as improving the economy and somehow want to interpret that as inflation. But the way things are right now they don’t have much catalyst for raising interest rates which they wanted to do aggressively. I’m guessing for now that will drive gold up maybe to 1400 or more. But them being them who knows. I wouldn’t be short right now personally though despite many but not all the stocks correcting.

Bad about the shoes. That’s the thing about outsourcing. Less labor costs, no taxes for them, higher prices and cheaper quality for us. Win win for them lose lose for us.

The 50 dma just crossed the 200 dma. This country can’t get great again until we see a 72 dollar index. Right now its 96.8, way too high to promote exports and tax imports.

http://stockcharts.com/h-sc/ui

… and I agree with you about the crappy quality .

Here is a great example – these shoes have seen little wear , but the materials just rotted away below the heel :

Made in Vietnam – I thought I was buying a Swiss shoe .

That’s what happened after Jan 2016. I was calling it a reverse crash, upward if anyone remembers.

The peak 10 year interest rate was 2.6%. Today its 2.13%, a whopping 18% lower in 6 months. Plus it just broke thru the 200 dma. Way too many gov’t tax payer jobs have been added to make job numbers look better. Roads bridges grants, revitalization, etc etc. Just wait until the apartment rents start dropping.

Many unneeded apartments have been created via “incentives” and low rates. Many environment jobs were created. Its one big mess brewing. Gold is a no brainer. Real estate? Property taxes, insurance, maintenance, you can’t move it, or hide it, not divisible etc. Because of Gold advantages, for people, real estate is what TPTB WANT the people to buy and invest in.

http://schrts.co/DWzspm

http://stockcharts.com/h-sc/ui?s=R.TO&p=D&b=5&g=0&id=p67297957750

and $20.75 in Silver.

All while Bitcoin is smoking the charts to $2,900 kicking and dragging Gold and Silver up the mountain. I think it’s great and it exposes the Cabal’s weakness to manipulate it

I think the puppet masters are in trouble. Everything is going wrong on them. Tax revenues are lacking, retail businesses and gov’t expenses are rising. Additional costs with all this security crap. Ever since 9/11 TPTB are on the defense. Doing rain dances. They can’t win.

The system is running on fumes and placebo effects. Running on hot air. Plus every retail store is STILL, STILL full of imported Chinese Japanese, Vietnamese, Mexican et al crap. Wages lagging inflation for decades, not good for business or gov’t.

It will be very interesting to see the response from the puppet masters who pull the strings in the markets . The HUI is already undervalued in my eyes . One of my juniors which has a huge open pit operation in the USA has been hit very hard this last week as gold has been recovering . Doesn’t make sense .

And they were first .

I wish those Brits would learn how to speak English! 🙂

I had a great friend who was from Liverpool and was transferred from Europe to the USA about the same time as I was . He wrote a hilarious Christmas letter about the differences in meaning of similar terms between the UK and USA .

One that stands out in memory was the term ‘ Bum a Fag ‘
UK – ‘ Ask for a cigarette ‘
USA – what ‘ Nancy boys do ‘

Roger that.

Mr. Copper … George was a treasure, a shame he’s not around anymore.

I’m glad you liked it. I really love George Carlin ever since day one, back in the 1970s, with the Seven little words you can’t say on TV. He was like Trump in a sense, enlightening the public in a thought provoking and funny way.

Re Dogs….Well some do and some don’t…but they sure don’t just sniff it.

Nancy Boy = Girly Man.

That was excellent. Thank You! 🙂

We agree upon many subjects it’s just that sometimes it takes a while for reality to set in on my side

George Carlin – fear of germs. This guy was a very smart guy, and shared his knowledge.

https://www.youtube.com/watch?v=CnmMNdiCz_s

TORONTO, June 5, 2017 /CNW/ – IAMGOLD Corporation (“IAMGOLD” or the “Company”) today announced that it has entered into an Investment Agreement with Sumitomo Metal Mining Co., Ltd., a Tokyo, Japan-based mining company and a global leader in the development and mining of non-ferrous metals, and a wholly-owned subsidiary of Sumitomo (collectively “Sumitomo”) whereby IAMGOLD will form a joint venture with Sumitomo. Sumitomo will pay an aggregate $195 million to IAMGOLD for a 30% undivided participating interest in IAMGOLD’s ownership interest in the Côté Gold Project in Ontario.

cont. https://ceo.ca/@newswire/iamgold-announces-strategic-agreement-with-sumitomo