Melman on Gold & Silver
April 2021 by Leonard Melman
Well, we are now almost two months into the new Biden Administration (as of our mid-March press deadline) and there most certainly have been some changes in direction from the preceding Trump years.
If the government can totally ignore the reality of exceeding the national debt limit, we can only wonder what all the current fuss relating to extending that limit is all about.
I hope long-term readers would agree that while your columnist does occasionally carry some arguments to an extreme length, I usually stay within the bounds of reason. I am pointing this out because I was struck by an economic vision a few days ago that could test those bounds.
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?
The Bawl Mill • Ask The Experts - What is the “blue lead?” • Ask The Experts - Can an Ohm meter find gold in pyrite? • Ask The Experts - Can you tell me about this mining district? • The 10-Ton Boulder: Expanding Grout Demolition • How Deep Can That Detector Go? • Simple Mine Surveying With Basic Hand Tools • Dredging Do's and Don'ts • Emails Confirm--FBI Was Looking for Gold at Pennsylvania Dig Site • Gold Prospecting for Better or Worse: Tuck and Roll • Preparing For The 2021 Mining Season • Drywashing for Desert Gold—Part III • Mining Stock Quotes and Mineral & Metal Prices