Dl,

The more I read about gold (and I'm relatively new to the goldbug game), the more I tend to agree that a bubble is quite possible in the next few years. About a month ago, there were several articles floating around the web (which I can't find at the moment of course) that showed the chart for the gold bubble in 1980, the tech bubble of the 90's, and the recent housing bubble. Basically, they just showed the charts on top of each other, and it shows how strikingly similar they all are to each other in both time and peak level (once they are normalized. As always, timing is everything, but my hope is that by getting in on Kry this early, we benefit from the initial pop of the whole JV getting underway, with SP appreciation over the next year as things develop and the mine is built, followed by a gold bubble that will cause our SP to climb even further.

Certainly strikes me as a very possible "perfect storm" situation, without trying to look at it through rose-tinted glasses.

Related to this, is a line from Jim Willie's current newsletter that GW linked earlier. Seems to me that JW is probably not always correct on everything he says, but I appreciate his very black and white take on things. Anyway, in summarizing his view on what world governments are doing in relation to the economy, he said towards the end of the letter (in relation to more Quantitative Easing):

"The reason is simple. Absolutely no effort is being made to fix anything. Vast sums of newly printed money are being thrown at a problem without much thought or planning, while many new rules actually freeze businesses. The prevailing objective is to preserve power, but at a cost of devaluating all major currencies with a flood of money supply."

Couldn't agree with him more. Seems our "financial experts" are shooting from the hip and failing. At best, it's 1979 all over again.

Thoughts?