Reserves and Resources Explained
February 2014 by Jim HalloranReservers and resources are very important to prospectors and miners, but they may be vague terms to some.
As we have noted through the years, perhaps the most direct, single influence on the future of gold and silver is their monetary opposite—currencies in general, the US Dollar in particular.
Australia’s Perth Mint currently holds the record for the world’s largest gold coin.
While most precious metals observers tend to pay more attention to action in the gold market as opposed to silver, there are times when the white metal can give us particularly sharp price targets going forward.
What gives this illustration great importance is America may be facing the same kind of dilemmas that have brought Japan’s market such long-term grief.
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