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…
Gold’s greatest previous bull market took place in 1977-1980 amidst currency instability, and we cannot help but note the similarities between the present and that past era.
The combination of these two concerns—the drift toward socialism and the willingness to violate law—appear to me to be capable of raising the level of civil disorder to a point where such disorders could be positive influences on the price of gold and silver.
With conventional financing still difficult to obtain, it is little wonder that “self-financing” is the number one form of financing used by small business owners, miners and prospectors.
If we watch the action in six important markets, then we must conclude that there is, indeed, cause for deep concern.
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