Melman on Gold & Silver
March 2016 by Leonard Melman
Another area of growing international concern for business and industry is the recent astonishing proliferation of new government regulations and laws. Despite the presumably good intentions behind these measures it is now becoming apparent that they are imposing true costs to our economic society. The sheer variety of these laws and regulations is mind-boggling.
One of the most popular medicines commonly available is “Dramamine,” defined to be, “… used to prevent and treat nausea, vomiting, cramps and vertigo associated with motion sickness,” according to our favorite medical dictionary. Well, after watching the various financial, political and psychological gyrations that have been taking place in the world’s markets over the past month, we might suggest that some sort of psychological Dramamine might be in order.
The Nevada Historical Society's "This Was Nevada" Series
Perhaps the heart of our pro-gold thesis is this consideration: governments are inherently inefficient, they attempt to provide services far beyond their genuine fiscal ability and these trends result in deficit financing, growing debt levels and ultimate “watering” down of currency values.
While present official numbers remain quiescent at below 2%, we strongly believe the seeds of future inflation have now been laid via virtually unlimited currency creation by various central banks around the globe.
All of these negatives have finally begun to erode bullishness on Wall Street and the financial markets began to look wobbly at best and dangerously weak at worst.
The Bawl Mill • Legislative and Regulatory Update • Ask The Experts • Ask The Experts • Ask The Experts • How to Stake Your Own Mining Claims—Part I • Addressing EPA Overreach: What Dredgers Need to Know • Green Valley Gold District, Payson, Arizona • Nevada's Silver City Gold District—Part I • Enrichment of Mineral Deposits by Weathering—Part I • Alaska: Kodiak Islands Mineral Resources • Mining Stock Quotes and Mineral & Metal Prices