The Business of Mining: Unlimited Possibilities With LLCs
January 2011 by Mark E. BattersbyOnce all of the pros and cons are considered, many miners and prospectors have discovered the so-called “Limited Liability Company” is the most profitable operating entity for their venture.
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.
Putting it all together, we have indications that the petroleum price increases could continue and we believe that if that is the case, the impact on precious metals would be positive.
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 • Silver Boom Prompts Idaho Mine Expansion • Melman on Gold & Silver • Mining Stock Quotes & Mineral and Metal Prices