Melman on Gold & Silver
April 2020 by Leonard Melman
If we watch the action in six important markets, then we must conclude that there is, indeed, cause for deep concern.
This past month has been filled with headline-grabbing news events and, for a change, it was not only politics that dominated those news stories, but rather financial markets themselves, with gold and mining shares grabbing a major share of attention.
…money creation by central banks… could even accelerate further as governments desperately seek to stimulate some sort of powerful economic growth. Historically, rapid money creation rates have been positive for gold and silver.
One last subject is the performance of gold and silver themselves—which has been positive for more than two months—and to explain the reasoning behind these rallies.
Occurrences such as these have proven, time and time again, that gold possesses the attribute of maintaining significant value over time, something that cannot be said of unbacked, fiat paper money where every such issuance has eventually deteriorated throughout history into virtual worthlessness.
The Bawl Mill • Sampling for Success—Part II • Ask The Experts - Investing: How do you know which companies have potential? • Miners Fight Back When BLM Says 'Your Claim Is Too Long' • It's Another 'Ben Day' • How to Research Prospecting Locations and Mining Claims • Some Tips and Tricks for Dredgers: Determining Pulley Size and Belt Length • Where Will The Gold Price Go From Here? • Holcomb Valley Gold, Southern California • Gold Prospecting for Better or Worse: The Good Luck and Bad Luck of Prospecting With Animals • Lode Miner Continues to Find Pocket Gold • Judge Backs Minnesota's Twin Metals Mine in Lease Dispute • Over the Divide: Rick Lague • Mining Stock Quotes and Mineral & Metal Prices