Melman on Gold & Silver
May 2001 by Leonard MelmanIf this past month has proved anything, it is the reversible nature of the rule that “what goes up must come down” which now also can read “what goes down must come up.”
This was two days of gold panning, with just over 250 gold panners trying to win a medal to show they were one of the best of the best.
In 1967, a local resident showed me a pouch of small gold nuggets and flakes. Several years later I asked the same person where that gold was found. He responded, “From the streambed below the old stamp mill at Apex.”
Behind every diamond engagement ring, every diamond earring, every glittering, multicarat expression of true love once loomed the shadow of De Beers, the cartel that controlled—and, some argue, created—the international diamond industry.
The Bawl Mill • Original Sixteen to One Goes to Court—Challenges MSHA Citations Part II • The Golden Triangle of Sonora, Mexico • Using Legal Subdivision • Placer vs. Lode Gold • Gold Tellurides: Tellurium, an Assay Impurity • Court Hears Arguments Over Rights to Shipwreck • Picks & Pans: How to Succeed in a Small Mine, A Case History: 1990-2000 • Charcoal Crucible Recipe • Discovery of the Mountain Pass REO Deposit • Romance of the Old Silver King • Record-Breaking Alaskan Nugget for Sale • Company Notes • Nevada Gold Production Up Despite Lower Prices • Gold in Guatemala • Bush Taps Utah Resident for Labor Post • Looking Back • Mining Stock Quotes and Mineral & Metal Prices • Honda Pares Down Use of Precious Metals in Autos