Melman on Gold & Silver
February 2021 by Leonard Melman
Along with others named earlier, it is difficult to find any designated nominee seemingly willing to work well with either conservatives or Republicans or Trump loyalists, a fact which seems to suggest a continuing high level of tensions…
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.
Somehow, we received the impression from these two gatherings and from other conversations that bureaucrats in general are simply not aware of how difficult it is to raise capital to finance mining operations and how important it is for newer companies to show true progress in order to receive further financing.
One of the most popular medicines commonly available is “Dramamine,” defined to be, “… used to prevent and treat nausea, vomiting, cramps and vertigo associated with motion sickness,” according to our favorite medical dictionary. Well, after watching the various financial, political and psychological gyrations that have been taking place in the world’s markets over the past month, we might suggest that some sort of psychological Dramamine might be in order.
While many prospecting or mining operations don’t have sufficient profits to benefit from accelerated write-offs or even the full 100% “bonus” depreciation write-off, other options can be equally rewarding.
…we cannot ignore the fact that several of the most widely-followed and respected economic voices are now raising questions about the potential near-term development of a full-blown market panic.
The Bawl Mill • Ask The Experts - Where did the gold go? • Ask The Experts - True north or magnetic north? • Ask The Experts - How do I avoid claim jumping? • Ask The Experts - Are closed placer and lode claims worth my time? • Gold Geochemistry: Where Does Gold Come From? • Goal Setting and Rock Tossing • Principles of Designing Your Mill Production System, Part II: Mill Design • Gold Prospecting for Better or Worse: A Claim to Die For • Tips and Tricks: How to Make Your Own Gold Bars Without Burning the Place Down • Understanding Rock Formations: Petrology for Prospectors • Minnesota Lawmakers Move to Stop New Mines • Drywashing for Desert Gold—Part I • Seven Troy Ounces of Premonition? • I Was Looking for Gold But I Found Jade • Mining Stock Quotes and Mineral & Metal Prices