we used to joke about the 5000 ounces per q., page-5

amer222333,

what really brought it home was when I bought in a $5000 shareholder placement and went to the office to give a check. Towsie accepted it and we had a chat and I had more shares than he did (his were free) and I realised my $5000 was his two weeks pay.

Very sobering.

The comment that stuck in my mind and became more prescient over time was the "finding the pods etc...blah blah, if it works".

You may have noticed me banging on about the pod finding technology, and I realise now his deep suspicions about it, now bourne out by incessant delays of success.

One would expect more detail about results, what they have been doing, trying, anything. Instead it is all bumph. I still haven't recovered the loss yet elsewhere...fool me. As a % it was big enough, but in $ too much. I know many here are seriously underwater.

I still believe the Chinese have a plan, when the USD gets seriously on the nose that they will deliberately convert their USD800B USD into gold at $5000 in the future and provide a floor for many years at that number. Central planning....in the interim, the idea for them is to get as much physical gold in country in the hands of their people, while their Central bank buys up all their indigenous production, with limited foreign purchases. Public demnd met by foreign purchase. Foreign purchase can be monitored, but who knows exactly how much indigenous they buy. The reason for all this is to become one of the options in the future as a reserve curremcy backed by gold. My guess 2015, but could be earlier if all goes pear shaped.

Their interest in CTO becomes more obvious if gold is $5000. Its the size of the reserve to meet their home market which is of interest i.e. is their truly 50million ounces. Doesn't matter if it costs $4500 to dig up, the profitiability is not the main reason, just getting a long term supply.

Not CTO specific, any off0shore commodity will do..eg Min Metals failed to beat Barrick to a major copper mine. You get the idea. All the gold purchase sub-$5000 creates instant wealth since everything is oriced at the margin, just modest consistent buying to get rid of the current (and presumable a fai bit of future) USD. Non of the worlds central banks will complain because they are all buying now too, so a jump in valuations won't find them bitching about it.

Nothing I have posted is of any value to current holders, sorry.