Gee you flip-flop a lot, weren't you a 'bug just a couple of weeks ago -g- ... we have disagreement on a few points here
1. gold is money ... a commodity too to small extent, but much more so - it is money
2. the central banks don't have anywhere near fifty years of production in their vaults ... don't know what the figures are, but i'd guess at not much more than ten years ... thinking of CB holdings ~30k tonnes, production ~2.8k tonnes ... twelvish years or so, not fifty
3. smart responsible central banks won't be selling their gold anywhere near this cheap, they'll live to snicker at Gordon Brown ... because, .. well, refer to point 1
4. the right juniors will give the best leverage ... probably some drillbit play will give the best returns of the season, and we can't possibly know which one at this point, but as a class the juniors with sizeable proven resources and a reasonable chance at blue sky as well will do better on an ROI basis ... early in the season they may lag, or not, as the case may be, but overall they'll do best on percentage from now to then, trough to peak
5. China may be significant yes, but i think the muslim dinar might perhaps be more so ... in addition to avoiding usury which the muslims hold to be sinful, returning to gold as currency avoids extending to the US the unnatural advantage it has gained all these years from others holding its money as their reserves
6. yes, nice chart eh! - stockcharts.com ... and, up a couple points overseas right now .. heh heh -g- |
