Bruce I have very little exposure to gold at the moment, however I monitor the stocks to some degree-by my reckoning, 3-5 years out the global gold market has to go through a paradigm shift. The rate of production will have slowed to a dribble from Sth Africa, Sth Americas big ones should have peaked, the US is passed it,were scheduled to really slow down by then (with little in the works to replace tired production all over the planet). Big question then becomes-does the price go through the roof to make marginal operations profitable, or do we simply let it fall by the wayside, throwing out the store of value arguments/find alternate metals for jewellry ? (Unfortunately I am leaning towards the latter) Cheers,TAS
