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New "Straight Talk" Apr 20, 2006 This is still a FREE SITE. I have a large number of previous commentaries in the document library (click on the left) or the newsletter archive (click top right corner). All the commentaries are relevant, and there are lots of bits of info which I will not be duplicating. You can download any or all of the Straight Talk newsletter archive in PDF format. The entire archive is there. You will have to click on "save" to your computer to open the documents. They cannot be opened remotely. If you want to be placed on the mailing list and be alerted of new updates, drop me a line: keith@straighttalkonmining.com Dr. Keith M. Barron Dr Barron is available on a geological consultation basis either for desktop studies or field oriented site visits. He has been active in minerals exploration since 1983 with a focus on gold and diamonds as well as dabbling in base metals, uranium and industrial minerals. Dr. Barron has run extended exploration projects in 9 countries on all the continents except Antarctica. STRAIGHT TALK ON MINING No. 27 April 20, 2006. The following is for the gold bugs - succinct and to the point: Some people would assert that if governments were prepared to accept monetary discipline there would be no need for gold, but this is rather like the statement that if there were no sin there would be no need for laws. In the effort to please (or bribe) their voters, governments are under constant temptation to do things that, directly or indirectly, lead to monetary expansion and inflation; and it may be easier to resist such temptations if the authorities are subject to some form of external discipline, even though it is one to which they have voluntarily submitted. Politicians cannot be expected to accept such a curb on their powers unless the public demand for it is so strong that acceptance is the only way to get elected. From Gold or Paper by E. Victor Morgan & Ann D. Morgan, 1976 Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning. Sir Winston Churchill, 1942. Lots of quotes today. The above words by Churchill and the Morgans encapsulate the "where we are" and the "why". There has been much hand wringing today over the drops in the gold and silver spot prices. If you convince yourself that the rise in commodity prices is due to the ephemera of any given day a la Marketwatch, CNBC, Fox News, Reuters or AP (take your pick?.could be Iran nuke threats, oil price shock, Nigerian rebels, etc. etc. etc.) and that the precious metals market is a bubble, then carry on with your blinkered existence and don?t read anything into the fact that the US Fed has stopped reporting the numbers for the M3 money supply. Gold, silver, base metals, natural gas, oil, and practically all other commodities are going up in price because of inflation. Inflation is too many dollars chasing too few goods?.it is a concept that few seem to grasp in this dumbed-down media era in which we live. Instead the financial reporting world dismissively wave such things away and blame price rises on shortages or gouging. It is INFLATION pure and simple! The rest of this commentary can be viewed in the document library (left) |
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