Melman on Gold & Silver
December 2001 by Leonard MelmanThose who declared that our world would be forever changed after the events of September 11 certainly appear to have been right. Not only is the evening news filled with the events of the anti-terrorist war, but even our vocabulary has changed—along with our geographic knowledge. People who did not know Afghanistan from East Timor—and who could have cared less—can now recite at will facts about Kabul, Islamabad, Jalalabad and Uzbekistan.
Oscar Espinoza considers himself an amateur gold prospector, but the gold nugget he recently found puts many seasoned prospectors to shame.
The 2011 gold season had finally got underway on the Middle Fork of the Feather River near Quincy, California. Cold weather and high water had pushed gold mining into mid-summer, but things were looking up.
A National Academy of Sciences report shows that the Environmental Protection Agency greatly underestimated the cancer risks of arsenic in drinking water, according to EPA officials and other environmental experts familiar with the report.
• Re: Tyrie's Roadway Nugget
• Re: Are Permits Needed for Highbanking in California
Small amounts of placer gold can be found in many parts of Baja California, Mexico. The 700 mile long peninsula is mostly a desert region with many strange and unusual plants. There is also a central mountainous spine that is forested and reaches elevations as high as 10,155 feet.
The other opportunity that I see is in seeking unusual types of deposits. Specifically, the prospector would be searching for the stuff no one (or almost no one) is searching for. These deposits are effectively hiding in plain view.
In terms of gold and silver, if this mountain of unbacked debt, now reaching several trillions of dollars, Euros, Yen or other currencies begins to truly collapse into an inflationary spiral, we will witness the onset of the mother of all precious metals bull markets.
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