Deductions: Get 'Em While You Can
September 2011 by Mark E. Battersby...miners, prospectors and mining related businesses are discovering that capital investments in equipment, machinery and other business assets are more affordable today than ever before.
During the past month, two of our favorite sources of fundamental information for the precious metals markets have issued their summary reports looking ahead to the coming year.
In an effort to resolve the controversy over whether certain expenditures made by a mining operation or mining-related business are currently deductible as repair expenses...the Internal Revenue Service has finally released new regulations.
In all the years I have been writing this column (approaching 35) and in my writings elsewhere, I have to admit that I never foresaw the kind of immense changes that have been wrought during the past two months…
Although there is no direct connection between the price of lumber and the precious metals, there is an important indirect one due to the importance of the housing market to overall economic activity.
I find it difficult to recall a period when the world has encountered so many simultaneous threats which “should” have driven gold and silver higher, and yet the precious metals markets—so far—have failed to rally to any significant extent.
The Bawl Mill • Our Readers Say • Ask The Experts - Could I stake out a 20-acre claim with a waterway running through it just as I would a lode claim? • Ask The Experts - Do I have any grandfathered rights that post FLPMA claim holders do not have? • Q&A With Detector Designer Dave Johnson • Legislative and Regulatory Update • Dredging Tips From The Golden Rogue • Understanding and Prospecting Benches • Gold in the Slate Creek Basin • Endurance Is Golden • Melman on Gold & Silver • Mining Stock Quotes & Mineral and Metal Prices • The Preacher of Sheeps**t Flats