High Prices for Gold, Silver & Copper: What Does it Mean for Prospectors?
October 2017 by Chris Ralph
Perhaps the first and most important is the fact that the foreign exchange value of the US Dollar has been going down steadily for several months. As the value of the Dollar goes down, the price of goods in Dollar terms tend to go up…
To say that the international environmental community took exception to President Trump’s decision to remove America from the 2016 Paris Accord would be an understatement of enormous proportions.
Somehow, we received the impression from these two gatherings and from other conversations that bureaucrats in general are simply not aware of how difficult it is to raise capital to finance mining operations and how important it is for newer companies to show true progress in order to receive further financing.
...controversy and animosity seem to be steadily increasing, quite possibly to the benefit of our precious metals as gold is now resting comfortably above $1,300—the highest level in more than two years as of mid-February.
Worried that the US dollar may not be good as gold, some Colorado lawmakers are pushing a bill to legalize gold and silver coins as usable currency.
All of these negatives have finally begun to erode bullishness on Wall Street and the financial markets began to look wobbly at best and dangerously weak at worst.
…money creation by central banks… could even accelerate further as governments desperately seek to stimulate some sort of powerful economic growth. Historically, rapid money creation rates have been positive for gold and silver.
The Bawl Mill • Legislative and Regulatory Update • Ask The Experts - Where should I get my geology degree? • Ask The Experts - How much rock shall I crush to determine the value? • Placers Directly Associated with Lode Deposits • Is It Time for a Change? New Ways to Find More Gold • MMAC Update • Silverton's Gold • Procuring Mine Owner Permission at a Mine Site • Champions Crowned at the California State Gold Panning Championships • Drywashing for Fine Gold • ICMJ Gold Prospecting and Mining Summit Postponed • Kennecott Copper Mine, Kennecott, Alaska • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices