Gold Hits $1,000! What the Gold Price Is Telling Us
April 2008 by Rep. Ron PaulFor twenty years, between 1980 and 2000, the price of gold was rarely mentioned. There was little interest, and the price was either falling or remaining steady. Since 2001, however, interest in gold has soared along with its price.
What were we doing going down a 4.5 mile trail to a cold river where there was no guarantee of anything except some ice and maybe cold hands and feet? First it seemed our winter was going to be a drought, and then all that reversed.
If you have done any hiking in rough terrain you are well aware that going down a slope is much more difficult and dangerous than climbing it.
Many well-equipped prospecting or mining operations, those with adequate, up-to-date equipment, have discovered a secret: Uncle Sam, in the form of our tax laws, is eager to pick-up a portion of the tab for acquiring and modernizing the equipment necessary to operate a successful mining operation business.
Following is a speech Rep. Ron Paul delivered to the House of Representatives in early June, making a case for the return to the gold standard.—Editor
Attractive geology does not guarantee mining investment if a region’s policies are bad, say mining executives surveyed in the seventh Annual Survey of Mining Companies released by The Fraser Institute.
One hundred eighty-six panners went through a wild and woolly two days (August 30 & 31 in Foresthill, Calif.) to determine who had the bragging rights of being the best—at least for one year!
• Less pork but more fat...
• It all flows downstream...
• Promises, promises...
The Bawl Mill • Assembling A First Class Mining Property • Quebec Tops Nevada in Survey of Miners • Relocating A Historic Vein • The Lost Silver Triangle of the Sierra Madre—Part I • The Mama John • Australia's First Gold Rush • Government to Buy New World Mine Claims • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices