Melman on Gold & Silver
September 2012 by Leonard MelmanDespite a variety of other side subjects, the dominant source of financial headlines during the past month continues to be Europe, and we note two particular foci...
Fundamental information on gold and silver turned more to the bullish side this past month, and we can point to three particular items as the basis for that conclusion.
The last item on our “crisis agenda” may be the most important of all, perhaps because it may be the most unpredictable.
In terms of gold and silver, if this mountain of unbacked debt, now reaching several trillions of dollars, Euros, Yen or other currencies begins to truly collapse into an inflationary spiral, we will witness the onset of the mother of all precious metals bull markets.
All in all, these spending proposals, combined with those already approved, could bring total spending for the current budget year to around $8 trillion—by far the highest level ever recorded in America’s history.
The Bawl Mill • Cold Alaskan Gold—Part I • Wild and Scenic River Prospecting—North Fork of the American River • Detecting for Gold—Finding Nuggets Where You Least Expect Them • Potholes and Other Bedrock Traps • Financing by the Crowd • Wealth Beyond Your Wildest Imagination • Gold Too Big to Carry • The World of the Simple Gold Pan • New Silver and Zinc Mine Slated for Montana • Eastern Oregon Mine Seeks Permits • Mining Returns to Historic Comstock • BLM Issues Environmental Review of Wyoming Uranium Mine • Mining Stock Quotes and Mineral & Metal Prices