The Bawl Mill
December 2003 by Staff• Credit card abuse is sky high...
• Expensive new bill
• Senators reward themselves with another raise
As the wags have been putting it recently, it looks like the United States is caught between “Iraq and a hard place.” Every day for the past month we have read headlines about the likelihood of immediate war, and, based on those headlines, gold, petroleum and the financial markets have gone off on their tangents.
• Rahall bill threatens uranium mining
• California Fish & Game claims it needs more time
• Huge new tax burden on coin and bullion transactions
• Refund bill fails in Assembly Committee
Occurrences such as these have proven, time and time again, that gold possesses the attribute of maintaining significant value over time, something that cannot be said of unbacked, fiat paper money where every such issuance has eventually deteriorated throughout history into virtual worthlessness.
The World Gold Council reports that gold jewelry demand in the first nine months of 2000 is running a little above the record level of last year. Jewelry demand for the nine months was 2,114 tonnes, 1% above the level of a year ago, according to their quarterly survey “Gold Demand Trends.”
Searching for Placer Diamonds • Lawsuit on Alleged Market Manipulation Continues • Texas "Hill Country" Gold • A Guide to Overlooked Gold Deposits—Part IV • Picks & Pans: Detecting in Northern Nevada • Miners Welcome Comments by Alaska Official • Company Notes • Spectacular Specimens Found in Northern Nevada • New Life for the Suction Nozzle • Oil Seeps in Arizona • Looking Back • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices