Melman on Gold & Silver
October 2008 by Leonard MelmanGiven that every single forecast of the level of government bailouts has understated the problems and the money required for solving them, one can only wonder what really lies in store for the American taxpayer—and the US Dollar.
This is welcome news. Many silver market commentators have stated publicly that the price of silver, currently hovering around $23.50 per ounce, should be much higher due to the scarcity of supply and the lack of faith in fiat currencies such as the US Dollar.
Excerpts from California Mining Journal, our original title, published 50 years ago this month.
Banking problems continue to find their way into the world’s financial media, and we note below that another nation, Slovenia, is now grabbing attention with a banking crisis of their own as well as a downgrading of their national bonds by Moody’s Investment Services.
Their Prairie Creek project, located in the Mackenzie Mountains of the Northwest Territories of Canada, has a history dating back nearly eighty years when silver and zinc were first discovered there, and includes the involvement of...
The combination of these two concerns—the drift toward socialism and the willingness to violate law—appear to me to be capable of raising the level of civil disorder to a point where such disorders could be positive influences on the price of gold and silver.
The Bawl Mill • Dredging at Real Del Castillo, Baja • Finding Paystreak Gold With A Metal Detector • General Metals Continues Toward Production • Cedar Rim Opal—Discovery of a Giant Opal Field • "I Got Dusted" • The Trail of ‘98 • Newmont Steps Up For Laid Off Workers • Benton’s Rich Silver • Gold Trader, Employee Charged with Wife’s Killing • Is There A Gold Shortage? • Wyoming Governor Pushes for Uranium Study Release • Mining Stock Quotes and Mineral & Metal Prices • California State Open and US National Gold Panning Championships