Melman on Gold & Silver
March 2003 by Leonard MelmanAs the wags have been putting it recently, it looks like the United States is caught between “Iraq and a hard place.” Every day for the past month we have read headlines about the likelihood of immediate war, and, based on those headlines, gold, petroleum and the financial markets have gone off on their tangents.
Butte County, California—On January 29, 1978, Peter and I received permission from Joie Osgood to pan and look for gold on her property. The 3800 acre property was located about four miles northeast of Honcut, Butte County, California.
The Gold Anti-Trust Action Committee (GATA) recently reported some new information in their quest to expose manipulation of the gold markets by the government and central banks.
Following the initial discovery of gold in North Carolina in 1799 on the Reed Plantation in Cabarrus County, gold was found in about 1842 in Rowan County at a locality that soon acquired the name Gold Hill.
The four inductees are Earl H. Beistline (1916-Present), R. A. F. Penrose (1863-931), Robert M. Reininger (1912-2006), and John Stanton (1830-1906).
During the Indian Wars in 1874, General George Custer and his men camped on French Creek in the southern Black Hills, near the present site of Custer, South Dakota. Two of his men found placer gold in French Creek. Word got out, and before long, a party of prospectors arrived. However, the government had signed a treaty with the Sioux Indians to stay out of the Black Hills. This led to prospectors sneaking in and working creeks all over the region at their own risk.
This was a tough task and it required really fast speed and perfect gold recovery, with 210 gold panners competing to advance.
Investors around the world are taking a good hard look at some of the emerging developments regarding dollar creation and are clearly having second thoughts about their dollar-denominated investments.
The Bawl Mill • The Steeple Rock District, New Mexico • The Hunt for Diamonds, Nunavut, Canada • Famous Yuba River Dredge Sinks • Gold in Maine? • Mud Creek Placer Mine Adventure • Junior Miners and Investors Gather in Canada • Picks & Pans: Dredging at Douglas Creek, Wyoming • Gold in Gossan • Company Notes • Gold Prospecting on the East Fork River, Alaska (Part III—Conclusion) • National Mining Hall of Fall and Museum Calls for Poetry • Mining Stock Quotes and Mineral & Metal Prices • Looking Back