Melman on Gold & Silver
The Federal Reserve just reported that inflation exceeded their 2% target for the first time in five years and the University of Michigan reported their inflationary expectations have now risen to 2.7%.
The idea of decisive action in 2014 will be at the heart of my presentation at the ICMJ Gold Prospecting and Mining Summit of April 5-6 in Placerville. I look forward to meeting you all then.
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.
Like it or not, the US Supreme Court has ruled and the so-called “Affordable Care Act” (ACA) is now the law of the land—and the Tax Code. What’s more, despite the promises of many politicians to repeal it, it may be around in some form for years to come.
Worried that the US dollar may not be good as gold, some Colorado lawmakers are pushing a bill to legalize gold and silver coins as usable currency.
The combination of these two concerns—the drift toward socialism and the willingness to violate law—appear to me to be capable of raising the level of civil disorder to a point where such disorders could be positive influences on the price of gold and silver.
The gold from 80 years ago still holds all of its value—it’s the Dollar that has been damaged.
The Bawl Mill • Legislative and Regulatory Update • Ask The Experts: How many claims can I file in Arizona? • Ask The Experts: What should I do with a large amount of old placer concentrates? • Shaker Tables for Processing Hard Rock Ores • Becoming a Successful Detectorist • Hand Panning Micro-Fine Gold • Sampling, Hydro-Shocking & Cleaning Quartz-Gold Specimens • My Lucky Thirteen Nuggets • Crushing, Grinding and Pulverizing • A Break in the Weather • From the Editor • Prospecting Knowledge -- Pass It On! • Mining Stock Quotes and Mineral & Metal Prices • Over The Divide: Miles John Mitchell