Melman on Gold & Silver
October 2019 by Leonard Melman
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.
...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.
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.
Next, all of silver’s chart action since mid-2011 has taken place under a declining trend line (dotted line), which has held for more than four years. Any trendline of that duration must be taken seriously.
Another area of growing international concern for business and industry is the recent astonishing proliferation of new government regulations and laws. Despite the presumably good intentions behind these measures it is now becoming apparent that they are imposing true costs to our economic society. The sheer variety of these laws and regulations is mind-boggling.
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 - Do you have more info on Silver Peak? • Ask The Experts - Forest Service blocking claim access • Green Valley's Fine Gold Patch • Hard Rock and Placer Gold of Manhattan, Nevada • Gold Prospecting for Better or Worse: Powerless • Revisiting Old Haunts • How to Refine Silver—Pt II • Where to Start: Advice for the Beginning Detectorist • Mining Stock Quotes and Mineral & Metal Prices