San Francisco Mint and US Gold Reserves
June 2007 by Don RobinsonIn 1717, Sir Isaac Newton, Master of the British Mint, established a fixed price for gold that was equivalent to around US$20.00 per ounce. This price was for bullion gold, refined to a purity of twenty-two karats (.917 fine).
It is with regret that we let our readers know about the passing of four respected members of the mining and prospecting community who have been lost in the past several months.
The very way it was done at the time didn’t give one much confidence in the objectivity and honesty of the BLM study.
A very famous quote that appears particularly relevant to the past month is one attributed to former British Prime Minister Harold MacMillan. When asked what could most easily derail a government, he replied, “Events, dear boy, events.” We certainly had events in abundance this past month.
There is little question that the crisis in Europe completely dominated world financial headlines last month. We saw nations such as Finland, Austria, France, Belgium and Hungary, which had previously appeared untouched by developments, suddenly become vulnerable to higher domestic interest rates.
America’s reliance on foreign imports for minerals and metals continues at an alarming rate. The US Geological Survey reported that the US imported $132 billion in nonfuel minerals and metals in 2006.
• Great at escaping, not so good at evading...
• Free firearms training classes...for teachers
If we lose, the radical environmentalists have a roadmap to replicate their success everywhere.
The Bawl Mill • Ask the Experts—What is barite used for? • Ask the Experts—Are you able to advise me on the status of HR3824? • Our Readers Say • Sulfides, Selenides and Tellurides • Silver’s Shine is Back • Rahall Looks to Rewrite 1872 Mining Law • Forest Service Attempts to Close Public Access • Revisiting Commerce Resources—A Tantalum and Niobium Mining Project • The Seventymile and American Creek Goldfields • Mining Stock Quotes and Mineral & Metal Prices • Melman on Gold & Silver