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.
It should come as no surprise that gold and silver acted similarly, rising sharply during the early hours of the crisis and retreating as tensions abated.
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 a holder of contrarian points of view, I am somewhat delighted to see the recent enormous surge in published negative commentaries regarding gold's future.
It may be no exaggeration at all to state that the past thirty days have seen a collection of headlines that could affect the world profoundly for years to come.
...we believe that these measures will also lead to diminished profitability, diminished tax revenues and, therefore, increasing calls for massive new economic stimulation which again, by historic standards, could well work to the benefit of the precious metals.
Ask The Experts - Why is there no detector signal with pyrite? • Ask The Experts - Need assaying advice • Ask The Experts - Can you tell me anything about the Cherry Creek District in Nevada? • Legislative and Regulatory Update • Understanding Skim Bar Placers • Detecting Canyon Bedrock in The Sierras • Mining Journal Receives Honor • Gold Prospecting: For Better or Worse • New Research Tool for Miners in Wyoming • PLP Update • Have We Hit 'Peak Gold'? • Old Mine Sites and New Technology • What Happened to The Gold Prospecting and Mining Summit? • Mining Stock Quotes and Mineral & Metal Prices