Melman on Gold & Silver
January 2020 by Leonard Melman
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?
For “hard money” advocates, this has been a remarkable month. Gold has risen by more than $100, silver has begun to surge, and the headlines are full of news items quite capable of raising public concerns to crisis levels.
...an entity that is a partnership or limited liability company under the laws of the state in which it is formed may elect to be taxed as a regular C-corporation or as an S-corporation under the check-the-box rules.
It should come as no surprise that gold and silver acted similarly, rising sharply during the early hours of the crisis and retreating as tensions abated.
The Federal Reserve just reported that inflation exceeded their 2% target for the first time in five years and the University of Michigan reported their inflationary expectations have now risen to 2.7%.
While a great many questions remain unanswered, there is little doubt that a new financing option for small-scale mining operations, “crowdfunding,” is growing as a viable and legitimate funding source.
This general time frame appears to be a particularly important juncture in the precious metals markets and, therefore, we should present clearly understandable reasons why our opinion leans heavily toward continuation of the precious metals bull market...
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