Melman on Gold & Silver
May 2012 by Leonard MelmanJust as we were sitting down to write this column, a political bombshell was released when Rick Santorum announced he was terminating his efforts to win the Republican Presidential nomination, virtually assuring the nomination will be to Mitt Romney. The remaining candidates, Ron Paul and Newt Gingrich appear to have no realistic chances.
While a great many questions remain unanswered, there is little doubt that a new financing option for small-scale mining operations, “crowdfunding,” is growing as a viable and legitimate funding source.
Last month saw the mining industry take center stage as Toronto, Ontario was once again host city for the giant PDAC annual mining convention. We take at look at that gathering below, focusing on some of the negative industry sentiment on display.
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.
One of the largest conundrums we would point out is the matter of rising interest rates starting to take place in several nations.
While many prospecting or mining operations don’t have sufficient profits to benefit from accelerated write-offs or even the full 100% “bonus” depreciation write-off, other options can be equally rewarding.
The Bawl Mill • Ask the Experts: gold per ton; improving assay method • Bering Sea Gold—Part II • Tucson Show Marketing • Ganes Creek Hits 10 Years—Part I • Fabulous Florence—The Golden Town of Idaho • Arizona's Vulture Gold Mine and Lost Dutchman • Critical Metals: Copper • Replacing Your 12-Volt Pump • Mining Stock Quotes and Mineral & Metal Prices