The whole world's production of physical gold for this month of september, can be purchased for about: 5.5 billion dollars, that's if gold averages about 800.00/ounce and the world's gold companies can produce 200 tonnes of product. What's 5.5 billion US dollars today? It's PEANUTS! Think about that for a while!

This tells me how incredibly disconnected the paper and the physical markets are.

India itself can easily buy up all 200 tons, with no problem, but where will that leave the Arabs with their trillions of worthless US dollars/bonds/treasuries? Or the chinese with their Trillions of US toilet paper? The japanese? Or the Russians? etc.etc.

My point is this: there is a tremendous amount of competition for a very small finite amount of gold. I truly believe that sometime soon, the flood gates are going to open with regards to the gold market. Don't forget that there are millions of wealthy Americans/Canadians/Europeans who will wake up soon to the fact that they should pick up some gold for protection.

The London Gold pool failed miserably and now the present day degenerates (Gold cartel) will fail also...

Hang in there...I believe the downturn in the gold and silver market will rebound sometime soon.... $800.00/ounce is a joke...