Melman on Gold & Silver
June 2017 by Leonard Melman
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.
While many prospecting or mining operations don’t have sufficient profits to benefit from accelerated write-offs or even the full 100% “bonus” depreciation write-off, other options can be equally rewarding.
I believe this is a powder-keg waiting to explode down the road—with potentially devastating effects on society—but positive implications for gold and silver.
…At present we may be entering a period of relative stability on many economic fronts and, therefore, our focus is now trending more toward social upheaval and the resultant increase in tensions as the prime movers for the precious metals.
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.
Whether to buy or lease is a question facing many small-scale operators and prospectors even as credit becomes more readily available. While there is no one correct answer that fits every mining operation or business, compared to the simplicity of buying, leasing is far more complicated and may be getting more complex.
When it comes to the expense of using a car, van, pickup or panel truck for business purposes, they can be deducted by the operation as 'transportation" expenses.
The Bawl Mill • Ask The Experts: What indicator rocks should I be looking for in northern Nevada? • Ask The Experts: What to do with scheelite • Ask The Experts: Small-scale drilling • Quartzsite Gives Up Some Big Gold • Prospecting After Winter Storms • How to Stake Your Own Claim—Researching Mining Claims • The Birthday Nugget Patch • MMAC Update • The Goldfield Mining District, Nevada—Part I • Volume is the Key to Success • Getting Started • Mining Stock Quotes and Mineral & Metal Prices