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.
Gold’s greatest previous bull market took place in 1977-1980 amidst currency instability, and we cannot help but note the similarities between the present and that past era.
In all the years I have been writing this column (approaching 35) and in my writings elsewhere, I have to admit that I never foresaw the kind of immense changes that have been wrought during the past two months…
From our precious metals point of view, I would note that if the production of these metals fails to meet demand, prices will likely rise, perhaps very smartly, thereby fueling additional increments of future inflation.
This is yet another potential danger to the financial and social health of America—and one which the precious metals markets appear to be taking under consideration.
The idea of decisive action in 2014 will be at the heart of my presentation at the ICMJ Gold Prospecting and Mining Summit of April 5-6 in Placerville. I look forward to meeting you all then.
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