Money In, Money Out
February 2015 by Mark E. BattersbyWith conventional financing still difficult to obtain, it is little wonder that “self-financing” is the number one form of financing used by small business owners, miners and prospectors.
When one of the major currencies in the world begins to decline steadily, based on monetary history we would expect a bias toward positive movements in the precious metals.
Our initial thought is simply this: why create these artificial currencies, unbacked by any material wealth, when the two items that worked so well century after century—namely gold and silver—are still fully available?
The Federal Reserve just reported that inflation exceeded their 2% target for the first time in five years and the University of Michigan reported their inflationary expectations have now risen to 2.7%.
The last item on our “crisis agenda” may be the most important of all, perhaps because it may be the most unpredictable.
Given the enormous expenditures that are required to bring any mining property into production, the industry can ill afford a regulatory system which, by reversing already existent approvals, can nullify the value of funds already expended.
Reservers and resources are very important to prospectors and miners, but they may be vague terms to some.
The Bawl Mill • Ask the Experts • Ask the Experts • Ask the Experts • Mining Community Loses A Great Leader: Gerald "Jerry" Hobbs • Suction Gold Dredge Miners Win On Federal Preemption • Metal Detector Testing Methods • The Silver, Gold and Gemstones of Candelaria, Nevada • Mining for Non-Geologists Field Trip Offered by GSN • Gold in The Silver Crown District, Wyoming • Prospecting for Surface Flood Gold Placers on Low and Intermediate Gradient Streams • Introduction to Meteorites • Melman on Gold & Silver