Melman on Gold & Silver
August 2013 by Staff...frankly, the question is being asked, "How in the world could otherwise rational people even consider investments in the yellow in the yellow and white metals?"
On a personal note, very little has bothered me quite as much as the fact that some on the political left are crying “foul” about the fact that Secretary Clinton may have (the outcome is still slightly uncertain at press time) gained more popular votes than the President-elect and therefore the election result is “wrong.”
In our opinion, these dizzying up and down moves reflect not so much a change in the direction of hard data, but rather fluctuations in sentiment regarding the degree of danger relating to the overall international economic structure.
The extensive cost reductions now being put in place are not just a short-term reaction to the recent drop in gold prices...
The gold from 80 years ago still holds all of its value—it’s the Dollar that has been damaged.
…the general investment community has turned away from mining shares over the past three years and moved whole-heartedly into conventional investments.
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