Melman on Gold & Silver
May 2021 by Leonard Melman
How can it make sense to pass legislation to increase the spending power of the citizenry in order to stimulate economic activity and, at the same time, enact a series of new taxes that will diminish spending power?
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.
Some financial commentators have speculated that bitcoin and other virtual currencies have captured a portion of funds that would have been invested in gold. I find it a bit ironic that people who invest in precious metals would even consider another fiat currency.
Perhaps the heart of our pro-gold thesis is this consideration: governments are inherently inefficient, they attempt to provide services far beyond their genuine fiscal ability and these trends result in deficit financing, growing debt levels and ultimate “watering” down of currency values.
Well, by the time this issue hits the newsstands or your mailboxes, the New Year of 2013 will be upon us, and it seems worthwhile to take a look at important recent trends that are likely to extend into the coming twelve month period.
The Bawl Mill • Ask The Experts - What is oxide gold? • Ask The Experts - Can you recommend settings for a Gold Bug 2 in Vermont? • Ask The Experts - Where can I market my gold property? • Ask The Experts - Is there a detector for locating fine gold? • Pinpointing for Gold • Commercial Blaster Training • How Rich Must My Ore Be? • Gold Prospecting for Better or Worse: All Shook Up • The ABCs of XRF • Gold Circle (Midas) Gold District • How to Find Prospects That Others Missed • Gold 1822 Half Eagle Fetches Record at Auction • Utah Tellurium Mine Creates New US Supply of Key Mineral • Mining Stock Quotes and Mineral & Metal Prices