NML, page-10

Interesting reading. The logical and optimistic parts of my brain tell me catyclism won’t happen but I agree about the post gfc liquidity and debt blow outs. There is also an absurd disconnect with reality in China and EC in that the currency manipulation is out of control and responsible for major systemic pressures. How will it play out? I don’t know, if I wasn’t a dumb arse, I would long since be retired etc etc. Gold will get a run at some stage but it will only be the cherry on NMLs cake, they are fundamentally about discovering large scale high margin gold resources. If things go pear shaped, am hoping they will be my insurance as well as a darn good investment. DYOR