Group:

The following article lends credence to a sentiment that I have long suspected. I have in the past sometimes refered to a situation involving what I call "the gold gene." Gene is probably not the most appropriate term, although I do not reject the possibility of a true biological explanation for the phenomenon I propose.

The reality probably lies closer to the Jungian concept of The Collective Unconscious, i.e. Belief systems inherent in the human psyche, deeply rooted and highly characteristic, that can be buried by behavior or circumstance, for periods, even long periods, but that will eventually resurface, sometimes for large numbers of people at the same time.

Basically the idea I am working to outline involves something that Senator Daniel Patrick Moynihan once pointed out very succintly in an interview on McNeil-Lehrer News Hour when he said, simply, "People change their minds."

What he was saying was very profound although on the surface it might not sound so. He spoke about "people" meaning large groups of people, seemingly unconnected, but suddenly showing their connectedness by altering their thinking in the exact same directions at the same times in history.

This I believe is part of the reason things like revolutions or sometimes complex military maneuvers, that looked upon in retrospect by the logical mind seem in many cases to have been statistical impossibilites still occur.

By this I mean that in certain situations in life involving human endeavor, for all the necessary things to have fallen into place in just the right ways to insure success, the laws of chance must essentially be thrown out the window. Such things occur in life involving massive changes in human sentiment over short periods of time that, statisitcally speaking, "just cannot happen." And yet they do. Why? Indeed, there are more things in heaven and earth, Horatio, than are dreamt of in your philosophy."

I sincerely believe that Jung's Collective Unconscious "understands" the value and use of gold. Gold is essentially the only thing that can protect us from ourselves. The Collective Unconscious knows this, and understands that mankind needs to survive, that gold will be needed once again to protect civilization from itself.

It is like a hidden gene that is about to be activated. It is within every human being, buried and ready to awaken. It takes no education, just the right time or situation to, as James Dines might say, "start the tapes playing again." I think the "gold as money" tapes are good and cued up.

When that awakens in the psyche of the common man. Watch out! Small junior miners like Kimber will be very, very sought after entities.

Now...on with the show... Following is an article I got off 321 gold that alludes to some of the points I'm making here, the waking up of large groups of people, to ancient but seemingly new ideas. Enjoy. Bull

Barrick Sees `Large-Scale' Gold Buying on Bailout (Update3)

By Stewart Bailey and Rob Delaney

Sept. 24 (Bloomberg) -- Barrick Gold Corp. Chairman Peter Munk said bullion prices will go higher, driven by large-scale buying by ``major, major'' holders of dollars who fear the effects of the U.S. government's bailout plan on the currency.

Central banks or sovereign wealth funds are among those likely to buy gold to diversify their investments and hedge against the risk of a weaker dollar, given the government's $700 billion plan to support the banking system, Munk said today.

``That impact on holders of U.S. dollars in China or Russia or Abu Dhabi or Kuwait is that they're going to say, `What is that going to mean for the U.S. dollar, and what alternative are we going to have?''' Munk said in an interview in New York. ``So gold is going to have very powerful support.'' Munk, 80, founded Toronto-based Barrick in 1983 and made it the world's largest gold producer.

Gold has surged about 20 percent since Sept. 11 as investors shifted assets into precious metals as a haven after the bankruptcy of Lehman Brothers Holdings Inc. Treasury Secretary Henry Paulson plans a rescue fund to allow banks to dispose of devalued assets such as mortgage-backed securities.

Paulson and Federal Reserve Chairman Ben S. Bernanke told lawmakers this week that failure to approve the plan would threaten markets and the U.S. economy. Gold may be set to benefit both from the weaker dollar if the plan is approved by Congress, or from the potential failure of the banking system if it isn't.

Rescue Package

``I, like anybody else, hope the package will go through because we do not want the system to collapse,'' Munk said. ``From a gold point of view, a bailout package just means a further devaluation'' of the dollar, he said.

Gold futures for December delivery fell $4.70, or 0.5 percent, to $886.50 an ounce on the Comex division of the New York Mercantile Exchange, after earlier reaching as high as $907.80. The metal, often bought as a hedge against inflation or in times of market volatility, gained 13 percent last week, the most since October 1999.

The price could surpass the $1,033.90 record touched on March 17, Barrick Chief Financial Officer Jamie Sokalsky said in a separate interview. The bailout plan is another ``big'' reason to buy the metal, he said.