Melman on Gold & Silver
February 2022 by Leonard Melman
During the past month, two of our favorite sources of fundamental information for the precious metals markets have issued their summary reports looking ahead to the coming year.
As we have noted through the years, perhaps the most direct, single influence on the future of gold and silver is their monetary opposite—currencies in general, the US Dollar in particular.
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.
The extensive cost reductions now being put in place are not just a short-term reaction to the recent drop in gold prices...
One of the most surprising jolts of the past month came with the decision of the Supreme Court upholding the legality of what has come to be known as “ObamaCare.”
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.
The Bawl Mill • Ask The Experts - Claim staking as a job? • Ask The Experts - Tests for silver, platinum and rhodium? • Ask The Experts - Can refining be done without chemicals? • Small High-Grade Pocket Districts • Underwater Reclamation • Gold Detecting—Are You Up For It? • Crystallized Gold Mines of California • Gold Prospecting for Better or Worse: Never Go Alone • Prepping Your Gold Detecting Spots • How Far Has That Gold Traveled? • 'Outer Space' Diamond Headed for Auction • Mining Stock Quotes and Mineral & Metal Prices