Melman on Gold & Silver
June 1999 by Leonard MelmanThe morning of Friday, May 7 gave us a new chapter in gold's ongoing struggles which might properly be named "As the headlines turn!"
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.
• Reporting on Reports
• Answer the questions or we'll be forced to really bother you for a little while
• Some especially well-preserved mobile homes...
Our destination was some old hydraulic workings where the old miners had washed literally mountains of material away to expose gold in ancient river channels.
• Congress hits an all-time low
• FEMA—Federal Emergency MISmanagement Again...
• But everyone else is doing it...
A number of crevices were still waiting to be cleaned out. A lot of the gold remaining in the pit was very fine sized, but a few small nuggets were also recovered.
Since the New Deal of the 1930s, government has grown increasingly proficient at squeezing—not extra profits—but individual freedoms from the very people they are empowered to protect. By first taking our money in the form of taxes, the government then offers to return some of it, but only if it is used for the purposes dictated by the government.
The Bawl Mill • GATA Launches Investigation into Gold Price Manipulation • N.Y. Congressman Introduces Utah Wilderness Bill • Gold in Mono County, California • Prospecting Ores Shoots and Hidden Veins for Specimen-Grade Gold Samples • Randsburg—Still Going Strong • Exploration Drilling • You Want a Ripoff? Here's a Ripoff!! • Mining Claim Maintenance Fee Due • Gold and Silver Deposit May Be World's Largest • Aviators Carry Gold Coins • Picks & Pans: Koyukuk River Gold—Prospecting Alaska's Brooks Range • Congressional Request to EPA: "Leave Our Kids Alone!" • Quartz and Chalcedony in Wyoming • Company Notes • Gold at Quartzville, Oregon • Mining Stock Quotes and Mineral & Metal Prices • Looking Back