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Melman on Gold & Silver
April 2001 by Leonard Melman
Vanishing with equal rapidity is any belief that this onrushing economic downturn is a minor speed bump on the road to financial utopia.Melman on Gold & Silver
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.
Melman on Gold & Silver
Perhaps the heart of our pro-gold thesis is this consideration: governments are inherently inefficient, they attempt to provide services far beyond their genuine fiscal ability and these trends result in deficit financing, growing debt levels and ultimate “watering” down of currency values.
The Pay Streak: Redefined With Metal Detectors
The time-honored objective in recovering gold from placers has always been to discover and recover gold from the detritus of both known and unknown lodes. The traditional method to recover gold from desert dry placers was to locate and work the enriched gravels known as the “pay streak.” This pay streak was usually found directly over false or true bedrock and within the upper few inches of the bedrock itself.
Ask The Experts
• Are these gold amounts large enough to interest a mining company?
China Will Put Rio Tinto Employees on Trial
The Australian government confirmed it was notified that a Shanghai court will try the four Rio employees including an Australian national.
Silver Bonanza in the Sierra Madre: The Glorious Past of Batopilas—Part II
John Kyrk was a prospector who appeared in Batopilas about 1863. Little is known about him, but he had the foresight to pick a mine just 59 yards north of the San Miguel property, and dug a tunnel that ran parallel with the San Miguel in the same mountain, cutting the same veins.
Legislative and Regulatory Update
• Backdoor Wild Lands order
• PLP reports on latest dredge lawsuit
• Massive lands bill avoided
• No cap and trade for now
• RS-2477 rights affirmed
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