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hi alfie,

yeh, you could be right about the dunny :)

fact remains though that you don't make a loss until you sell.

my guess is that SD invested $225m to get gold and that is on track.

They might have got the same gold for a cheaper investment if they have waited - but to wait was a risk - time is always a risk - and they had buckets of dollars - from an ever increasing pool of dollars - no risk there..

So when do you turn your existing dollars (of which the pool is ever increasing) into hard assets? - well, my guess is when they become available - thats what they did.

I still say - what would I rather own for the next 5 years - a gold mine or a truckload of US dollars?

Well, the way things are imo - I will take the gold mine any day.

I really don't have any idea what the eft market has done to all of this - we may never know - but after all. If a dictator has to flee his country now in a plane - can you see him loading it with gold bars or gold eft paper?

When the Shar fled Iran - the plane had trouble taking off - and it wasn't full of paper :)

I don't believe our new digital age has changed that personally.

interesting weeks ahead.

pinto