Melman on Gold & Silver
June 2001 by Leonard MelmanWe’re all familiar with the saying, “What goes up must come down,” but last month the markets took the opposite tack and the mantra became, “What went down must come up” as strong rallies moved the Dow, NASDAQ and even our world of gold higher.
Excerpts from California Mining Journal, our original title, published 50 years ago this month.
The story is similar to what has played out over the past several years. The Karuk Tribe of northern California, with the support of several environmental and fishing groups, sues the California Department of Fish & Game in an attempt to stop suction gold dredging in the state. At the same time, they find a state legislator sympathetic to their cause and persuade the legislator to introduce a bill to stop suction gold dredging.
• Feeding the addiction...
• Running on empty...
• Boxer may go down with the count
by Mella Rothwell Harmon
Nevada Department of Museums, Library and Arts
"This was Nevada"
Occurrences such as these have proven, time and time again, that gold possesses the attribute of maintaining significant value over time, something that cannot be said of unbacked, fiat paper money where every such issuance has eventually deteriorated throughout history into virtual worthlessness.
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