Melman on Gold & Silver
October 2012 by Leonard MelmanOnly one word truly describes the greatest source of headlines during the past month and that word is “politics.” With the November 6 Congressional and Presidential elections drawing ever closer and with both party’s conventions having been recently concluded, we take a serious look at the political situation below.
...here in America, another legislative financial crisis was averted as the National Debt limit was extended in January to $16.394 trillion. Only one year ago the authorized debt limit was a “mere” $14.294 trillion.
The idea of decisive action in 2014 will be at the heart of my presentation at the ICMJ Gold Prospecting and Mining Summit of April 5-6 in Placerville. I look forward to meeting you all then.
The combination of these two concerns—the drift toward socialism and the willingness to violate law—appear to me to be capable of raising the level of civil disorder to a point where such disorders could be positive influences on the price of gold and silver.
When it comes to the expense of using a car, van, pickup or panel truck for business purposes, they can be deducted by the operation as 'transportation" expenses.
I hope long-term readers would agree that while your columnist does occasionally carry some arguments to an extreme length, I usually stay within the bounds of reason. I am pointing this out because I was struck by an economic vision a few days ago that could test those bounds.
The Bawl Mill • Our Readers Say • Ask the Experts • Ask the Experts • Cold Alaskan Gold—Part II • Dredging Backwards? • Tips for Detecting Old Hydraulic Pits • The Verde Copper-Gold-Silver-Zinc District, Jerome, Arizona • Recluse Died with $7 Million in Gold • California State and US National Panning Championships • A Data Miner Builds A Power Sluice • Mining Stock Quotes and Mineral & Metal Prices