To: pezz who wrote (24663 ) 11/7/2007 4:13:26 AM From: TobagoJack Read Replies (2) | Respond to of 217560 Hello Pezz, Today's Report: In keeping with this plan, Message 23970744 <<I bought one quarter of eventual position of ZIJIN Mining Group finance.yahoo.com at HKD 13.78>> I purchased the remaining 3/4 of the position today at HKD 13.02 , in anticipation that (i) gold will continue to rise against all fiat currencies, (ii) gold will become more popular in China, (iii) companies that mine gold in China will become more fashionable, (iv) companies that mine gold in China and traded in HK will become more desired, and (v) shares of gold digging companies based in China and traded in HK that will list in Shanghai will really popular. Folks eventually will come to believe that 800/oz gold will be history, and 8,000/oz gold is a sure bet. In any case, I am somewhat peeved that I do not currently have paper gold to sell, even as I am loaded down with the physically bulkier hoard; however I am comforted that I have Yen, of all paper, and I am thankful I have CAD, and CHF. Never the less, I was hoping to buy my back my paper gold at 695 when I sold them at 750; then I became doubtful, was praying I can buy them back at 750. Now I must start to get used to the idea thta gold may never go below 800 again. What a world, when the premier empire decides by 1% majority to destroy itself. Now I am conflicted on holding a pile of HKD, that wastrel USD proxy, for fear that (i) cash is still king, and (ii) HKD cash may be suddenly reset against the USD and making all HKD shorts sorry. The situation around the world is pretty simple now, the Empire has lost touch with reality, is losing on the ground in both Mesopotamia and Afganistan, and will soon enough be choked via Turkey and have its toys go fuel-less, and without backing from the chocolate-making but very silent Europeans and very apologetic Japanese, even as Motherland Russia dictates the terms of what the Empire can and cannot do, where and when, and as Middle Kingdom China accelerating sales of USD papers and driving up eventually true interest cost. All rather dire, as oil reaches for 100, AUD approaches parity, CAD goes existence-high, and at some stage, Mr and Mrs Wantanabe must yield, pull back, reduce book, pull plug, and nurse wound, when perhaps Yen can break old records as other currencies have already done. In the mean nasty time, gold is still cheap, dirt cheap. Chugs, TJ