A viewpoint thats interesting and if it came to fruition means...

A viewpoint thats interesting and if it came to fruition means the long term holders like Dwecke, Joeljp, Chinkiat, JJSydney, Capman etc will all be very rich, while scatterbrains and dopes (we know who they are) will be lamenting what might have been.

Why? Because the latter group dont have the guts to hold on at times like now. They wont be in the market when the big gains come, which they will, even if the scenario below doesnt come true as described.

Extract from Doug Caseys speech Agora Wealth Symposium July 2007-

"So where should your money be? Look, it's very simple:

Gold. That's it. I just don't know a cheaper or better \place to put your money. Honestly, of all the things in the world, and I look at everything – I'm very eclectic, looking at anything and everything. I'll buy anything if the price is right – gold is the best bargain in the world right now. It's not just going through the roof; it's going to the moon. There's going to be a gold buying panic that's going to knock your socks off in the next few years. The gold bull market has not even gotten started...

I buy gold for safety, prudence, for insurance. I don't view it as a speculation. I view it as money – so where am I personally, what do I do with all my money? Well, not all of it, but a lot of it: I speculate in mining stocks. It's always been a specialty of mine. It's the most volatile market in the world, these little mining stocks. More volatile than the internet stocks you saw ten years ago.

And in these stocks, we're in a three stage bull market.

The "sale stage." That stage is long gone. That was from about from the late 1990s to maybe 2003, where a lot of these stocks were selling for less than the cash in the bank. They were really cheap. And here in Vancouver, every week, back in 1999, a mining company – a public vehicle that had "mining" in its name – turned itself into a high-tech or internet company. That's how bad things were back then. So from 2000 to 2003, we had a stealth bull market – when these stocks as a whole went up five- or ten- to one. That's a lot. And people didn't even know they existed, because for a whole generation, gold – and commodities in general – had done nothing but go down. So you were looked on as being an idi_ot, a dinosaur, if you were invested in these things.

But then, by 2003 after they had already soared, a lot of investors were discovering these stocks for the first time. Now we reach the "wall of worry" stage – the second stage of a bull market. We've been in that stage since 2003. Here is where the bulls and the bears fight, and where commodity prices sometimes fall sharply for a while, mostly because they had already gone up a lot during the preceding years.

Copper has gone from $.60 to $4 dollars; nickel from $2 to $20. So a lot of investors start predicting that prices are going down. Others say, "No, no, they're going higher because of China and India." All these arguments go back and forth, while commodities and commodity prices bounce up and down. But this "wall of worry" stage is drawing to a close.

We're going to go into the "mania stage." I think this is going to happen. As the US dollar starts really turning into toilet paper over the next few years, there's going to be a speculative bubble in these kinds of resource stocks, and people are going to pile into them. And stuff that six, seven years ago sold for 10 cents a share could go for 50 or 100 dollars a share. It's going to be that insane. So that's when I'm going to be hitting the bid, when everybody is asking me for stock touts. So, I'm telling you, right now, you're still at the end of the "wall of worry" stage. The easy money is long gone in these stocks. The safe money is long gone. The big money is still ahead, but it's going to be risky, volatile money. "