Melman on Gold & Silver
January 2011 by Leonard MelmanWhen we look ahead into 2011, we see continuing troubles such as those listed earlier, which will force the public to question the effectiveness of the entire concept of economic strength and vitality through government interventions. In fact, many of those interventions have been abject failures, and we wonder if or when the public will lose confidence in the entire system.
If the costs of financing the national debt increase in a manner described in this study, that should, in our opinion, be regarded as a long-term plus for the precious metals.
…At present we may be entering a period of relative stability on many economic fronts and, therefore, our focus is now trending more toward social upheaval and the resultant increase in tensions as the prime movers for the precious metals.
...frankly, the question is being asked, "How in the world could otherwise rational people even consider investments in the yellow in the yellow and white metals?"
Although the risk of a federal tax audit remains low, thanks to the Internal Revenue Service’s secret audit selection process every prospector, miner, and mining-related business owner has good reason to fear an audit, but only if they are not prepared.
Worried that the US dollar may not be good as gold, some Colorado lawmakers are pushing a bill to legalize gold and silver coins as usable currency.
The Bawl Mill • Our Readers Say • Ask The Experts—Amalgamation • China Gold Imports Increased 500 Percent in 2010 • Tips for Effective Drywashing • Legislative and Regulatory Update • The Downieville Gold District • Rattler's Gold • Successful Gold Prospecting • US Mint to Offer Other Precious Metal Coins • The Business of Mining: Unlimited Possibilities With LLCs • Silver Boom Prompts Idaho Mine Expansion • Mining Stock Quotes & Mineral and Metal Prices