Melman on Gold & Silver
February 2004 by Leonard MelmanTo paraphrase the great Sir Winston Churchill, it would appear that, “Never have so many been so happy about so much!” Investors in stocks are happy; investors in gold are happy; investors in commodities, real estate, government bonds and even airline and utility stocks are happy. Productivity is growing; inflation appears to be diminishing and...
Several areas came to mind, but each was eliminated for one reason or another. One that seemed to be hanging on was the old historic mining town called Placerville.
• Set for life...at everyone else’s expense
• As long as we’re giving away money...
• Consulting pays well in NY
• The old bait and switch...
• Not an enviable record
It took me awhile before I finally got a nice mellow signal. My nugget turned out to weigh in about two dwt (pennyweight). Over the next few hours, we all picked up a few more nuggets apiece.
This was two days of gold panning, with just over 250 gold panners trying to win a medal to show they were one of the best of the best.
One of the particular features of these alumina silica ore bodies is that they are generally visible from the surface, unlike like gold and silver that are generally hidden and can require an immense amount of exploration and development.
A caldera is a large circular volcanic depression caused by collapse due to the removal of molten magma from an underlying magma chamber. The removal of magma is due to explosive venting of lava and pyroclastic material.
The Bawl Mill • Our Readers Say • Buying or Investing in Mineral Properties • The Joy of Prospecting • Company Notes • Picks & Pans: Rattlesnakes in a Gold Camp • Old-Time Mining Geology Books • Ask the Experts: Recommended Reading—Part I • The Tangential Impulse Water Wheel in California Gold Mining History—Part I • Consider Adding Gold to Your Portfolio • US Files Charges Against Gold Refiner • Gold in Australia • Gold in Rotten Rock • Restoring the Rule of Law to US Mining • Mining Stock Quotes and Mineral & Metal Prices