Jim Butler's Political Career
August 1999 by Phillip I. EarlThe Nevada Historical Society's "This Was Nevada" Series
While present official numbers remain quiescent at below 2%, we strongly believe the seeds of future inflation have now been laid via virtually unlimited currency creation by various central banks around the globe.
Given the enormous expenditures that are required to bring any mining property into production, the industry can ill afford a regulatory system which, by reversing already existent approvals, can nullify the value of funds already expended.
One would think that the “science” of economics could lend itself to areas of high agreement between professionals, but that has hardly been the case throughout history—and it is not the case today.
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.
For “hard money” advocates, this has been a remarkable month. Gold has risen by more than $100, silver has begun to surge, and the headlines are full of news items quite capable of raising public concerns to crisis levels.
The ultimate resolution of this apparent contradiction between fundamental news and market performance could provide us with important future clues for gold and silver.
The Bawl Mill • Our Readers Say • New Oregon Mining Legislation Friendly to Small Miner • Cutbacks at S. African Mines—Britain Blamed • BLM Reports That 'Mining' Brings Most Public Reward • Long-Term Camping Plan at Fortymile Proposed by BLM • "No Gold Sales" Says Nevada Senator • Panel Cuts Park Monies, Eases Mining Restrictions • State May Re-Examine Plans on Dredge Use Near Hope • Company Notes • Picks & Pans: Gold Recovery in Placer Mining Operations • Nevada Looks to Tourism to Fill Mining's Gap • PGMs in the United States • Miners Claim Victory in Fight That Began with Protest • U.S. Admits Botching Indian Funds Accounts • Gold Fever • Roads Protecting Grizzlies Reopen • Guanajuato Silver, Mexico • Roosevelt: From Boom Town to Mountain Lake • Dollar Must Slip for Gold to Rise • Looking Back • 1999 National Mining Hall of Fame Inductees • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices