Melman on Gold & Silver
January 2006 by Leonard MelmanThe focus of attention by the financial media during past month has shifted considerably away from the international political and terrorist outlook and turned clearly toward important developments as they appear likely to affect the outlook for the US and worldwide economies in the coming year.
In the early 1860s, the rich mines of Virginia City and the surrounding area were pouring forth millions of dollars in gold and silver each year. Additional mines located at White Pine, Aurora, Humboldt and other Nevada locations were also yielding millions in gold and silver.
The Gold Rush in California called hundreds of thousands of souls to leave their homes to journey to the the far reaches of the West. At first the rich goldfields of the Sierra Nevada beckoned to these adventurous pioneers.
Chile may be considered geographically a part of Latin and South America, but it is remarkably different from other notable nations belonging to that region such as Mexico and Peru.
Vanishing with equal rapidity is any belief that this onrushing economic downturn is a minor speed bump on the road to financial utopia.
Unquestionably, it was the other side of the Atlantic Ocean—that is the European side—that provided virtually all the political, economic and social fireworks during the past month.
Australia’s Perth Mint currently holds the record for the world’s largest gold coin.
Q: I would like to know the following on the metal nickel:
• Where is it mined?
• Why is the unit price so large—is this for a metric ton?
The Bawl Mill • Rent, Lease, or Own Your Equipment • Basic Geology for the Independent Miner—Part I Recognizing and Understanding Minerals • A Profitable Approach—Financing Mineral Exploration With Oil & Gas Projects • The Grubstake Gulch Placers, Alaska • The Lynx Creek Placers, Arizona • Gemstones in Wyoming—Part II • The Mexican Gold Belt • Looking Back • Mining Stock Quotes and Mineral & Metal Prices