Melman on Gold & Silver
December 2013 by Leonard Melman...this debacle may easily lead to disenchantment with government programs in general and politicians of all stripes in particular. Historically, that kind of unrest has been positive for precious metals markets.
• Is this a good time to invest in gold and silver?
Somehow, we received the impression from these two gatherings and from other conversations that bureaucrats in general are simply not aware of how difficult it is to raise capital to finance mining operations and how important it is for newer companies to show true progress in order to receive further financing.
If we watch the action in six important markets, then we must conclude that there is, indeed, cause for deep concern.
I believe gold and silver prices, to at least some extent, negatively mirror the society's confidence in the ability of government to continue providing economic and social services.
The Bawl Mill • Ask the Experts • Ask the Experts • Ask the Experts • Sierra County Gold—Part I • ICMJ's Annual Index • Ophir—Possibly the Best Kept Secret in Alaska—Part II • Hunting for Hardrock: The Basics • Gold in the San Francisco District Oatman, Mohave County, Arizona • Heavy Glacial Rocks and Gold in the Midwest • Strategic Metals—Part II • The Amazing Mineral Tourmaline • Mining Stock Quotes and Mineral & Metal Prices