Melman on Gold & Silver
February 2008 by Leonard MelmanWhat a start to the year! In just the first two weeks of 2008, we saw the price of gold explode to the highest levels in history at $900 per ounce, Crude Oil reach $100 per barrel, some of the world’s largest financial institutions collapse in market value, unrest spread in Pakistan following the assassination of Benazir Bhutto, the worst jobs report from the Department of Labor in at least two years and the continued erosion of residential real estate values.
Upon first entering this district in the early 70s, the trip into the Petersville area by vehicle was risky at best, especially during rainy periods in summer. The road has been improved somewhat since then, but not much.
Man was aware of the presence of gold over 7,000 years ago, and it probably did not take him long to find out that gold was malleable and resistant to corrosion. He no doubt learned, at an early date, that objects could be fashioned from gold.
Mining restrictions will be lifted on about 1 million acres of federal land in southwest Alaska, officials have announced.
Q: Where do I find out information about raw gold being tested for purity, refined, and getting paid cash for it?
We were met with a plethora of mechanical problems with the dry washer and even a few with the excavator that were at times frustrating, but we were in this for the long haul, so we needed to solve these problems and move forward.
• Capital Hill Gold
• Calais Resources
• Copper Ridge Explorations
• Randgold Resources
• Linux Gold Corp.
• Diamond Discoveries International
The country we were to visit was Burkina Faso, a small country about the same size of my home state of Nevada with about 10 times more people. The second day I was in Africa, we went out to the goldfields for the first time.
The Bawl Mill • Gold Deposits of North Carolina • Turning Waste Rock Into Profit • Dredging the Mokelumne • How to Get Started as a Gold Prospector • Sunshine Mine is Up and Running Again • Gold at Ponderosa • The Juneau Goldfields • Wham Hill • Golden Sunlight Seeks Expansion • Washington Gold & Fish Regulations Update • Mining Stock Quotes and Mineral & Metal Prices