The Price of Gold—Where It’s Headed and Why
November 2005 by Leonard MelmanFor the past year, one of the most troubling questions raised at mining conventions and conferences has been, “Why have so many economic and social events occurred as predicted, but the precious metals remain locked in a...
For twenty years, between 1980 and 2000, the price of gold was rarely mentioned. There was little interest, and the price was either falling or remaining steady. Since 2001, however, interest in gold has soared along with its price.
Most of us know making a profit as a small-scale miner is difficult; however, sometimes we combine luck with a little skill and bring home a few ounces of the yellow stuff.
Uncle Sam, the not-so-silent partner of every miner, dredger and prospector is willing, using our tax laws, to help reduce out-of-pocket expenditures necessary to acquire business assets and property. In addition to the well-known depreciation deduction, however, the tax laws permit tax write-offs for other, less tangible business assets. The best time to explore and lock-in many of these overlooked and misunderstood deductions is now, well before the end of the tax year.
Excerpts from California Mining Journal, our original title, published 50 years ago this month.
It's not THE Hope Diamond, but a half-carat yellow gem worth up to $700 will fit that bill for an elementary school student from, where else, Hope.
The local administration in the Almaty region has issued an appeal for people to "lend" their gold to the government. Organizers are using the slogan: "Help us in difficult times."
With Congress showing little willingness to act, the Clinton administration is weighing whether to designate a dozen scenic and historic sites in the West as federal monuments to assure their protection.
The Bawl Mill • Mining Companies Competing for Labor • Sam, the Tenderfoot Prospector • Placer Gold in Russia • The Rampart Goldfields, Alaska • Tales of California Gold Discoveries 3rd in a Series—Bloody Nick The Miner • Company Notes • Miners Rally Successful • Venezuela’s Chavez Halts Mining Projects • Metal-Mineral Identification Utilizing a Detector • Mining Stock Quotes and Mineral & Metal Prices • Looking Back • Melman on Gold & Silver • Montana Lawmakers Want Economic Review of New Mining Rule