Buying or Investing in Mineral Properties
February 2004 by Lawrence DeeMineral properties are constantly being offered through Realtors, magazine ads, and the Internet. They always sound as if they abound in mineral values, but how can you determine if they are really worth the asking price or if they have any value at all?
Just as we were sitting down to write this column, a political bombshell was released when Rick Santorum announced he was terminating his efforts to win the Republican Presidential nomination, virtually assuring the nomination will be to Mitt Romney. The remaining candidates, Ron Paul and Newt Gingrich appear to have no realistic chances.
The Internal Revenue Service recently announced (IR-2013-5) a new, simplified option for those who use a home office, which would apply to owners of home-based mining or prospecting operations and businesses.
Long-term, the outlook remains very favorable—but the obvious and important question is when we might expect a solid bull market revival to take place.
We’re all familiar with the saying, “What goes up must come down,” but last month the markets took the opposite tack and the mantra became, “What went down must come up” as strong rallies moved the Dow, NASDAQ and even our world of gold higher.
Despite lower prices, Nevada gold production increased slightly last year and the state continues to produce about three-fourths of the nation’s gold.
"Suh-wheet!" I exclaimed as I sprang to my feet and quickly pumped my detector coil high overhead to alert Smokey that I had just found a nugget.
• DOI backs mill sites
• Arizona goes to bat for miners
• Battles continue in California
• Climate change legislation
The Bawl Mill • Our Readers Say • The Joy of Prospecting • Company Notes • Picks & Pans: Rattlesnakes in a Gold Camp • Old-Time Mining Geology Books • Ask the Experts: Recommended Reading—Part I • The Tangential Impulse Water Wheel in California Gold Mining History—Part I • Consider Adding Gold to Your Portfolio • US Files Charges Against Gold Refiner • Gold in Australia • Gold in Rotten Rock • Restoring the Rule of Law to US Mining • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices