Melman on Gold & Silver
February 2007 by Leonard MelmanAmerica has lost another ex-president with the passing last month of Gerald Ford, the only non-elected president in history. It is worth remembering, however, that he came into the office under incredibly difficult circumstances and acquitted himself well. He will be fondly remembered.
Three times we went back and finally found a clue. There was an old air shaft not far from the trail!
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?
Without knowing or even thinking about it, I had put together a map that showed me a pattern of the ancient Sacramento River channel. I also had a distinct picture of where the ancient channels of several other creeks and rivers were running.
The Michigan Department of Environmental Quality approved permits allowing Kennecott Minerals, a subsidiary of Rio Tinto, to operate a nickel and copper mine in the Upper Peninsula.
There is little question that the crisis in Europe completely dominated world financial headlines last month. We saw nations such as Finland, Austria, France, Belgium and Hungary, which had previously appeared untouched by developments, suddenly become vulnerable to higher domestic interest rates.
Excerpts from California Mining Journal, our original title, published 50 years ago this month.
The Bawl Mill • Prospectors Beat Mining Claim Tax • In Pursuit of Gold and Silver in the Sierra Madres—Establishing a Mining Company in Mexico • Update On “Special Rock” Kicking • Michigan DEQ Gives Tentative OK to Nickel, Copper Mine • Saved Before the Tax Bell Tolled • The Petersville—Yentna Goldfields • Demand for Copper Boosts Zambian Mining • Doc Livingston • Bum Luck • San Manuel Mine Officially Closes With a Bang • Environmentalists Target Pebble Mine • Detecting in Australia's Pilbara Region • Mining Stock Quotes and Mineral & Metal Prices • Looking Back