Melman on Gold & Silver
September 2018 by Leonard Melman
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.
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.
When one of the major currencies in the world begins to decline steadily, based on monetary history we would expect a bias toward positive movements in the precious metals.
…the general investment community has turned away from mining shares over the past three years and moved whole-heartedly into conventional investments.
...for the most part, visible price inflation has remained dormant for the most of that period of time. This state of affairs would appear to contradict both monetary history and typical cause and effect reasoning. Even the Fed has expressed some surprise and concern regarding the matter.
Given the astonishing increase in government expenditures of the past two years, one must ask if there is another parade of taxes and levies waiting in the wings, and, directly related to our precious metals, if there is some form of tax rebellion also waiting in the wings.
…Washington and America have never seen a flow of actions by a new President to match what Trump has done during his first three weeks, but those actions suggest two interpretations.
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