Melman on Gold & Silver
June 2008 by Leonard MelmanIt is my belief that these trends toward rising budgetary and trade deficits, escalating monetary creation and interest rates that are being held at artificially low levels will continue and I believe that further US Dollar weakness has now been built into the system.
Utah is not known for gold, but a significant amount has been produced. Over 12 million ounces of lode and placer gold have been produced from Bingham Canyon alone. However, placer production, per se, has been miniscule compared to other western states, although a lot of dry placers may remain undiscovered.
• More National Monument news
• Land-use advocates file another suit over National Monuments
• NWMA's Linda Skaer addresses EPA in northern Idaho
• Hike in mining claim fees
• Hearing on suction gold dredging in California
• Interior wants mining reform
This year the State Gold Panning Championships were held August 24-27, at the California State Fair, sponsored by the Motherlode Goldhounds and Cal Expo.
Q: I live near the Gold Basin area of Arizona. What detector will go deep and be easier to use for small gold? I need some help.
A major slump in the gold mining industry is taking its toll on central Nevada, where county commissioners are planning a 30 percent across-the-board spending cut beginning July 1.
Religious broadcaster Pat Robertson, who lost up to $7 million in a failed diamond-mining venture in the former Zaire earlier this decade, is involved in a gold mine project in another African country.
The Bawl Mill • Our Readers Say • Platinum Alley—The South American Zone of Wealth and Adventure • Choosing The Right Detector Coil • Washington Gold Miners Receive Ecology Award • Internet Scams • Becoming A Nozzle Master • Slug Gulch • Gold Deposits of Georgia • Mining the Old-Timers • Prospecting Adventures—Pure Gold • Legislation Would Require Palladium Coin • Record Gold Prices Prompt Gold Mining In Boulder • Mining Stock Quotes and Mineral & Metal Prices • Looking Back