Dollar Must Slip for Gold to Rise
August 1999 by Associated PressGold prices won't be on the rebound anytime soon, so World Gold Council Chairman John Willson is telling miners they have to eke by with the current depressed value of the metal.
• Stupid policies in action
• Does a Cipro prescription come with that house?
• Sterling Mining Co.
• Wolfden Resources Inc.
• Campbell Resources Inc.
• Teryl Resources Corp.
• Kinross Gold Corp.
• Ashanti Goldfields
• AngloGold Ltd.
If the events of the past month have proven anything, they have confirmed the old adage that gold is truly a measuring device for the “International Temperature.” During the first half of the year and into mid-August, wars, threats of Iranian “peaceful” nuclear devices and North Korean nuclear jawboning drove gold to two-decade highs and kept it well above $600 per ounce.
The dredge and our gear, with us clinging on to the sides, bounced along until it got hung up on a large boulder in the middle of the river.
Don’t bother eyeballing that rock for silver! Even if it’s high grade you’ll not see the familiar dime or quarter coin color. Native silver is almost as rare as brass ore. Well, if it’s so hard to find, is silver worth looking for? You bet! Just check the latest prices—and they may go higher.
The black sand was loaded with mercury from the river, but there wasn’t enough to pick up all the fines. We took out the amalgam and had to suction up the remaining fine gold.
Have you ever waded through your pile of Mining Journals looking for a particular article? The annual index, published each December is a great help, but I have a better idea.
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