Melman on Gold & Silver
March 2019 by Leonard Melman
...controversy and animosity seem to be steadily increasing, quite possibly to the benefit of our precious metals as gold is now resting comfortably above $1,300—the highest level in more than two years as of mid-February.
...here in America, another legislative financial crisis was averted as the National Debt limit was extended in January to $16.394 trillion. Only one year ago the authorized debt limit was a “mere” $14.294 trillion.
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.
How can a miner or prospector take advantage of these speedy financing options while avoiding the risks associated with borrowing from so-called “shadow banks?”
There is one last indicator that I believe may be the most important of all. That is the “Index of Leading Economic Indicators” (LEI), which is a compendium of those economic indicators that point toward future growth, and LEI has just reached historic highs, far exceeding previous peaks in 1999 and 2006.
What gives this illustration great importance is America may be facing the same kind of dilemmas that have brought Japan’s market such long-term grief.
The Bawl Mill • Ask The Experts - Any references on gold formation? • Ask The Experts - Finalizing an agreement with a mining company • The Basics of Exploration Leases and Contracts—Part II • Pumping Water With Solar Power • My Introduction To Gold Prospecting • Resurrecting An Old Hard Rock Mine—Safety Is No Accident • Mining Claims: Breaking All The Commandments • The Importance Of Mining Critical Minerals In The USA • Gold Prospecting for Better or Worse: Gold Is Where You Find It • Detecting for Gold: A Return to Familiar Ground • Mining Stock Quotes and Mineral & Metal Prices