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.
Every so often, deadlines are a real pain in the neck! That is truly the case this month as we must complete these musings prior to the Vice Presidential debates as well as the last two Obama-Romney encounters.
Our initial thought is simply this: why create these artificial currencies, unbacked by any material wealth, when the two items that worked so well century after century—namely gold and silver—are still fully available?
How can it make sense to pass legislation to increase the spending power of the citizenry in order to stimulate economic activity and, at the same time, enact a series of new taxes that will diminish spending power?
...the tax rate for an incorporated, small-scale mine or mining-related business will be reduced from the former 35 percent rate to 21 percent for the 2018 tax year and thereafter.
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