Melman on Gold & Silver
February 2017 by Leonard Melman…they continue to strut around and make declarations and proclamations as if they were still in positions of power. In other words, in political terms, they haven’t “got the message” that they are now in a minority position…
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.
Anyone seeking evidence that the standard leftist/socialist dogma may not work well need look no further than two western hemisphere governments, Venezuela and Puerto Rico, as both are now being wracked by financial and social upheavals.
For “hard money” advocates, this has been a remarkable month. Gold has risen by more than $100, silver has begun to surge, and the headlines are full of news items quite capable of raising public concerns to crisis levels.
With conventional financing still difficult to obtain, it is little wonder that “self-financing” is the number one form of financing used by small business owners, miners and prospectors.
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 • Legislative and Regulatory Update • Ask The Experts: Looking for help on unproven claim • Calcite and Limestone • Detecting Basics: Lose the Bad Habits Not the Gold • Feather River Gold • Detecting Alluvial Bench Deposits • Underground Mining: Getting the Ore Out • From Vietnam to Wedding Bands • Trade-Ins, Swaps and Like-Kind Exchanges • Mining Stock Quotes and Mineral & Metal Prices