Miners: Plan Ahead for Next Year's Taxes
May 2005 by Mark E. BattersbyMany well-equipped prospecting or mining operations, those with adequate, up-to-date equipment, have discovered a secret: Uncle Sam, in the form of our tax laws, is eager to pick-up a portion of the tab for acquiring and modernizing the equipment necessary to operate a successful mining operation business.
What I saw was a beach area that was just completely covered in black sand. Rubbing my hands close together like a kid in a candy store, I could not wait to get set up.
I believe gold and silver prices, to at least some extent, negatively mirror the society's confidence in the ability of government to continue providing economic and social services.
What it takes to move gold is turbulent, fast-moving water. Normally the water is heavy with clay and all sorts of sentiments that have been ripped up from the bed of the river or carried down from the tributaries above.
These moves were the first serious interruption to the bull market, which had not encountered a serious decline since the election of November, 2016. Since general market moves have been one of the most reliable historic indicators of precious metals market moves, we take a close look at these developments.
Q: Does a claim holder of a claim that has been under constant, active status since 1932 have any rights that owners of newer claims do not have? In other words, do I have any grandfathered rights that post FLPMA claim holders do not have?
• Taxed to the max...
• What were they thinking?
• Maybe they just misplaced it...
• Not so environmentally friendly after all...
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