Hi Adwebster,"Yep it is BMD, but if I've learnt anything in the...

Hi Adwebster,

"Yep it is BMD, but if I've learnt anything in the last few years its that it will take longer than we think......."

Pierre Lassonde said 7-8 years ago that central bankers have sufficient gold to feed the market until 2020, then they are completely out. So this is my finish line in a worst case situation, it could yet be a marathon we're running. By 2020 global production will be fewer than 1000 tonnes if gold prices are still in this ball-park.

Personally, I'm focussing on quality gold projects that I think will still be operating in 10 years time; like many others however, my best guess is that gold will go parabolic into 2011, $3000+ (the current rate of advance this decade would "only" get us to $2000). But I have prepared myself mentally for the worst... which helps during horror years like the last one. As I've said before, this gold bull won't end until production expands dramatically, via much higher gold prices or new technologies.

Rowingboat.