Melman on Gold & Silver
November 2013 by Leonard MelmanThat is one of the problems with much of the so-called objective information we regularly receive—it is so tinged with partisanship that much of it can barely be believed...
Occurrences such as these have proven, time and time again, that gold possesses the attribute of maintaining significant value over time, something that cannot be said of unbacked, fiat paper money where every such issuance has eventually deteriorated throughout history into virtual worthlessness.
It’s been no secret that the prices of gold and silver have been moving upward at a fast clip in recent months. Gold has soared 27 percent so far this year. There has not been a significant drop-off in production, so it’s been evident that an increase in demand has been a part of the force driving the price upward.
Whether to buy or lease is a question facing many small-scale operators and prospectors even as credit becomes more readily available. While there is no one correct answer that fits every mining operation or business, compared to the simplicity of buying, leasing is far more complicated and may be getting more complex.
On a similar vein, while the number of new non-farm jobs created rose by a modest 156,000 in September, it must be pointed out that Goods Production Payrolls rose by only 10,000 jobs while much lower paying service jobs accounted for the other 146,000.
One area receiving huge attention is the promised ascension of free market concepts associated with Trump versus the government-dominated Keynesian ideas previously advocated by both President Obama and Hillary Clinton.
The Bawl Mill • Ask the Experts • One Potato, Two Potato... • Proper Placer Sample Processing • Strategic Metals—Part I • Dry Washing to Capture Fine Gold • Are There Any Good Prospects Left? • Ophir—Possibly the Best Kept Secret in Alaska! • Southern Oregon's Illinois River—A Lesson in Sharing • Using Sucker Guns to Find Gold • Making Adjustments to Catch Fine Gold • The Subsurface Suction Dredge • A Few Thoughts About Successful Nugget Hunting • Mining Stock Quotes and Mineral & Metal Prices