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?
It’s been no secret that the prices of gold and silver have been moving upward at a fast clip in recent months. Gold has soared 27 percent so far this year. There has not been a significant drop-off in production, so it’s been evident that an increase in demand has been a part of the force driving the price upward.
To say that the international environmental community took exception to President Trump’s decision to remove America from the 2016 Paris Accord would be an understatement of enormous proportions.
We believe this possibility of a housing crisis is an important consideration in our prediction of a positive price market for the precious metals this year.
Once again last month the world seemed to be tottering uncertainly on the precipice of whether to continue with some manner of austerity in order to begin restoring government balance sheets to some semblance of fiscal conservatism or whether to openly return to the previous eras of wide-open stimulation via debt, deficits and unlimited money creation.
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