Melman on Gold & Silver
April 2012 by Leonard MelmanOne of the oldest sayings we all learned as children was “Water, water, everywhere, but not a drop to drink.” Following developments during the past month, we might rephrase that as “Questions, questions, everywhere, but not an answer to truly trust.”
...an entity that is a partnership or limited liability company under the laws of the state in which it is formed may elect to be taxed as a regular C-corporation or as an S-corporation under the check-the-box rules.
We’ll conclude by digging a bit more into the regulations and pitfalls, and discuss what they are used for, their relationship to gold, and what the future holds.
Two potentially important Canadian projects, which could have produced revenues in the billions and jobs in the tens of thousands, have now been officially abandoned and the reasons offered by both relate to the economic impossibility of successfully negotiating all the regulatory obstacles that have been presented.
After six years of primarily sideways action, gold broke decisively to the upside by breaking above strong resistance between $1,350 and $1,400 by soaring to near $1,450 before correcting moderately.
In an effort to resolve the controversy over whether certain expenditures made by a mining operation or mining-related business are currently deductible as repair expenses...the Internal Revenue Service has finally released new regulations.
Unquestionably, it was the other side of the Atlantic Ocean—that is the European side—that provided virtually all the political, economic and social fireworks during the past month.
The Bawl Mill • Ask the Experts • Ask the Experts • Prospecting Homonyms • Revisiting an Old Mine in Idaho Reaps Rewards • Today's MSHA • Following Clues to a Lost Gold Deposit—The Northern Extension of the Cedarberg • Bering Sea Gold—Part I • Safety With a Tax Deduction • Who Says You Have to Own a Claim to Find Gold? • US Policies Holding Back Arizona • Judge Gives OK to Nevada Mining Tax Initiative • Mining Stock Quotes and Mineral & Metal Prices