Melman on Gold & Silver
March 2001 by Leonard MelmanWhat a difference a little time makes. Just a few months ago the liberal left was celebrating one triumph after another. Tony Blair became Prime Minister of Britain, the Liberals won a resounding triumph in Canada and the left was rejoicing in a robust economic expansion under the leadership of President Clinton. But their theme song, “Happy Days Are Here Again,” has an empty ring now...
Bodie, California, in its heyday, was once rumored to be one of the roughest and most lawless towns in the American West.
Products from the mining industry contribute to winter safety and comfort for Nevada residents.
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.
During the past month, we have witnessed an orgy of buying on many of the world’s markets with Japan soaring by over 1,000 points (see Nikkei chart), Germany and France rallying strongly and here in America, the NASDAQ Index has risen to over 1,700 (see chart). However, when we look at the economic fundamentals, it appears to be a case of, as Sir Winston Churchill might have put it, “Never have so many become so excited about so little.”
• Partial win for miners
• California suction dredging
• Feds continue to push for more public lands
• Idaho suction dredging
The Bawl Mill • Our Readers Say • Gem Theft in Tucson • BLM 3809 Final Rule Implications • Winter Dredging • Selecting a Gold Recovery System • Placer Diamonds in Venezuela • Picks & Pans: Leon Always Finds the Most Gold • Company Notes • The Swift Shore Mine 1862—Present • Placer Gold in the Black Hills, South Dakota • Platinum and Diamond Discoveries Shine New Light on Historic Alaska Gold-Mining District • GATA Update • Mining Stock Quotes and Mineral & Metal Prices