Melman on Gold & Silver
July 1999 by Leonard MelmanClearly, the single-most important reason for the latest decline in gold is the recently announced auctions by the British Central Bank. However, other news stories this past month also had negative implications for the yellow metal.
A while back I was given a very special opportunity to take my metal detector to one of the most famous gold mines in all of California, the Original Sixteen to One mine in Alleghany.
Not much has changed along the original stage road that runs easterly from an old schoolhouse northeast of Nogales into the Patagonia Mountains of southern Arizona. Marked on the maps as Duquesne Road, the route has been in use for over 130 years, climbing from the hot desert floor to an almost 6,000-foot elevation pass before dropping back down the eastern slope of the mountains to reach the old mining camps of Washington, Duquesne, and Lochiel.
The first requirement for a successful mine operation is a market for the product, metallic or nonmetallic. The second requirement is to deliver a quality salable product...
• Lack of privacy
• IRS employess lying about employment status and more
• Creative budgeting...
Mining was curtailed at the Gold Hill Mine in Quartsburg, Idaho, in September 1895, because the owners disagreed about the profitability of pumping large volumes of water from the workings and mining the sulfide ores encountered in the lower levels. In June 1896, the property was sold at auction to A. H. Boomer of San Francisco, California for $4,500. The following day Boomer deeded the mine to...
The Bawl Mill • Gold Hunters Hit the Web in Fight with Missile Range • Religious Broadcaster in Liberia Mining Venture • Kazak Government Collects Gold from Residents • Recreational Gold Panning on the South Yuba River • Groups Wonder Meaning of Call for More Wilderness • Mining Claim Maintenance Fee Due • Desert Bonanza • Gold Near Boulder, Colorado • Company Notes • The Carissa Gold Mine, South Pass, Wyoming—A Sleeper? • Tantalum • Building the American Dream • Picks & Pans: A Pay Streak in Slate • Elizabethtown: Uncovering a Buried California Mining Community • California Diamonds • Mining Stock Quotes and Mineral & Metal Prices • Silver Demand Driving Mine Production Up—Mexico Remains Number One Producer • Looking Back