Right now there is a boom in gold bullion although the price has not increased yet. Wonder if we are seeing the start of a repeat of the Hunt brothers attempt at cornering the siliver market in 79-80. How much bullion can people buy before it actually starts to affect the gold price.

Back in late 1979 early 1980 the silver price was above 40 $/ounce basically about 4 times that of today. The Hunt brothers were stopped by some legal issue but I don't think that will happen with gold.

I think the gold bullion drive is partly due to 'old-rich' families trying to maintain or increase their wealth relative to the 'new-rich' ones who got there by luck and speculation in the last decade. I think a lot of rich investors who have lost a lot of money are seeing the relative safety of gold during this lousy year.

This year also has prooven that diversification and all normal safe investments are not that safe anyway.

One my theories on investing is that the 'masses' always loose and since the 'masses' are told to stay the course and diversify, that will continue to be a lousy investment.

Good luck to you all, stay healhy, happy and filthy rich. I am sure we all are in for quite a ride in 2009.

Thunder of gold!