Melman on Gold & Silver
September 2013 by Leonard MelmanIt is difficult to look at unrestrained growth in such important monetary indicators without becoming concerned about the future stability of America's economic system.
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.
First, in order to compensate for the diminishment of purchasing power that usually accompanies rising inflation, investors normally have demanded higher interest rates on their investment assets. This was particularly true in the 1977-81 era when inflation soared to almost 20% and interest rates rose to roughly the same level.
...controversy and animosity seem to be steadily increasing, quite possibly to the benefit of our precious metals as gold is now resting comfortably above $1,300—the highest level in more than two years as of mid-February.
The Bawl Mill • Ask the Experts • Ask the Experts • Ask the Experts • Greenstone and Gold • The Long Road to Gold Point, Nevada • What, Where and How for the New Prospector • Proper Spacing of Placer Sample Sites • Hunches, Choices and Guesses • 12-Year-Old Unearths Large Diamond • Time for a New Approach: Detecting Float Gold • Carissa Gold Mine Comes Back to Life • Gold in Beatty, Nevada • Cripple Creek Gold Mine Exceeding Expectations • Mining Stock Quotes and Mineral & Metal Prices