Melman on Gold & Silver
November 2018 by Leonard Melman
It appears that market softness due to a slowing Chinese economy may already have affected precious and base metals quotes.
The first thing a person should do is seriously consider whether they want to go mining as a hobby or a business, and the tax implications of the choice.
One of the largest conundrums we would point out is the matter of rising interest rates starting to take place in several nations.
A report from the Bureau of Land Management (BLM) titled "Public Rewards from Public Lands—Fiscal 1998", shows that minerals production is the largest income producer for the federal government on BLM-managed lands.
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.
Australia’s Perth Mint currently holds the record for the world’s largest gold coin.
I find it difficult to recall a period when the world has encountered so many simultaneous threats which “should” have driven gold and silver higher, and yet the precious metals markets—so far—have failed to rally to any significant extent.
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