comprehensive jim sinclair interview, page-30

Hi Skol

3 Questions.

1. If gold costs 800 to get out of the ground and Central Banks will pay over 1500 for it - is that a bad business?

2. Does Gold behave like a currency - at least for the last 30 years?

3. Do traditional currencies have "baggage" attached - ie, deficits, sov. risk, dilution risk ect...?

bonus multiple choice Q.
Western Countries are " a." likely to default on obligations or monatise their debts (remember tax ceiling) or "b." likely to pay down debt by raising taxes increasing austerity and simultaneously increase productivity of their economies through private sector growth?

Governments have no good choices left - we don't need a doomsday scenario, the current one is quite good enough to keep the Au mining business ticking over nicely for the fore-seeable future.

Going to try and extricate myself from this addictive forum and the Macro Economic conundrum - I have my positions