Mining Stock Quotes & Mineral and Metal Prices
January 2011 by Staff
Some financial commentators have speculated that bitcoin and other virtual currencies have captured a portion of funds that would have been invested in gold. I find it a bit ironic that people who invest in precious metals would even consider another fiat currency.
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.
Many observers have questioned why the precious metals have not enjoyed strong rallies despite a growing number of positive indicators.
One of the largest conundrums we would point out is the matter of rising interest rates starting to take place in several nations.
Just as we were sitting down to write this column, a political bombshell was released when Rick Santorum announced he was terminating his efforts to win the Republican Presidential nomination, virtually assuring the nomination will be to Mitt Romney. The remaining candidates, Ron Paul and Newt Gingrich appear to have no realistic chances.
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 • Melman on Gold & Silver