Melman on Gold & Silver
October 2014 by Leonard Melman...for the most part, visible price inflation has remained dormant for the most of that period of time. This state of affairs would appear to contradict both monetary history and typical cause and effect reasoning. Even the Fed has expressed some surprise and concern regarding the matter.
Some financial commentators have speculated that bitcoin and other virtual currencies have captured a portion of funds that would have been invested in gold. I find it a bit ironic that people who invest in precious metals would even consider another fiat currency.
One last subject is the performance of gold and silver themselves—which has been positive for more than two months—and to explain the reasoning behind these rallies.
One of the oldest sayings we all learned as children was “Water, water, everywhere, but not a drop to drink.” Following developments during the past month, we might rephrase that as “Questions, questions, everywhere, but not an answer to truly trust.”
The Bawl Mill • Ask the Experts • Ask the Experts • Ask the Experts • Ganes Creek After The Flood • Operation And Application Of Magnetometers • A Trip to Morgan-Monroe State Forest of Indiana • The Pedro Gold Dredge • Detecting Alone -- What to Look For • Over the Divide: John A. Miscovich • What Equipment Do I Need? • Why Did This Silver Mine Close? • Mining Stock Quotes and Mineral & Metal Prices