Gold investors need to be concerned as sometimes gold drops rapidly away from its highs. However if the gov'ts institute a "gold certificate ratio" as Sinclair suggests they will, then the high will be maintained as a trading range of +/- say $200/oz and the respective currencies will be pegged to the centerline of that range.

However as owners of gold mines the timing is not so critical. Even if price of gold falls considerably from its all time high (assuming it does) the margin between the price of gold and the cost to get it out of the ground will turn the gold mines into cash machines long after the high has been reached. As the profits start pouring in, they become flush with cash and can really explore the remainder of their properties and further enhance the companies' value.

In the 78-80's runup, the price of gold fell rather quickly after maximizing near 850/oz but the miners remained profitable and good investments (many paying dividends) for some years after the gold peak.

P.