Melman on Gold & Silver
November 2016 by Leonard MelmanOn a similar vein, while the number of new non-farm jobs created rose by a modest 156,000 in September, it must be pointed out that Goods Production Payrolls rose by only 10,000 jobs while much lower paying service jobs accounted for the other 146,000.
In terms of gold and silver, if this mountain of unbacked debt, now reaching several trillions of dollars, Euros, Yen or other currencies begins to truly collapse into an inflationary spiral, we will witness the onset of the mother of all precious metals bull markets.
There is little question that the crisis in Europe completely dominated world financial headlines last month. We saw nations such as Finland, Austria, France, Belgium and Hungary, which had previously appeared untouched by developments, suddenly become vulnerable to higher domestic interest rates.
...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.
This general time frame appears to be a particularly important juncture in the precious metals markets and, therefore, we should present clearly understandable reasons why our opinion leans heavily toward continuation of the precious metals bull market...
Occurrences such as these have proven, time and time again, that gold possesses the attribute of maintaining significant value over time, something that cannot be said of unbacked, fiat paper money where every such issuance has eventually deteriorated throughout history into virtual worthlessness.
The Bawl Mill • Our Readers Say • Legislative and Regulatory Update • Detecting: Small Creek Yields Good Gold • Ask The Experts: Is this BLM demand legitimate? • The Challenge of Winter Dredging • What Have You Got to Lose? • MMAC Update • How to Upgrade Your Pocket Plunger • Glaciers and Placer Gold Deposits • What's In A Name? • Oregon Miners Still Fighting • Greenhorn Finds Gold in Colorado • Mining Stock Quotes and Mineral & Metal Prices