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.
On a personal level, I have been part of the business, brokerage and financial columnist worlds for 45 years, since the mid-1960s, and in all those years, I have never seen a collection of negative news items similar to what has been published during the past month. In short, taken together they may very well be describing the end of the economic world systems as we know them.
As an employer, every mining operation, large or small, is responsible for protecting the safety and health of its employees. Safety is also good business. An effective safety and health program can save $4 to $6 for every $1 invested. It’s the right thing to do, and doing it right pays off in lower costs, increased productivity, and higher employee morale.
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.
While present official numbers remain quiescent at below 2%, we strongly believe the seeds of future inflation have now been laid via virtually unlimited currency creation by various central banks around the globe.
All in all, these spending proposals, combined with those already approved, could bring total spending for the current budget year to around $8 trillion—by far the highest level ever recorded in America’s history.
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