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%.
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.
It is difficult to look at unrestrained growth in such important monetary indicators without becoming concerned about the future stability of America's economic system.
Recent reports could be pointing toward a genuinely important change in direction for the American economy and it is a change that could be positive for the precious metals over time.
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