Quotes About Ingots

five-hundred-gram gold ingots.

ten tonnes of copper ingots together with quantities of tin, jars that would have contained olive oil

The gold of California was not under private ownership. It belonged to everyone, provided one could find it, lay legal claim to it, extract it, and get it safely to one or the other of the many assay centers that were now springing up where nuggets could be weighed, valued, and melted into ingots for shipment to San Francisco and New York.

All told, some $594 million in ingots—the equivalent of $10 billion in 2001 dollars—would over the course of the next decade be leaving the goldfields of California for the eastern United States.

One obvious sell signal is that inventories are building up and the company can't get rid of them, which means lower prices and lower profits down the road. I always pay attention to rising inventories. When the parking lot is full of ingots, it's certainly time to sell the cyclical. In fact, you may be a little late.