Yep, you're right about his dense writing, K, I think he's saying the gold standard and gold as a currency are bad ideas, never worked in the past and never will, if tried will create wars and worsen the economic disintegration. He confirms the success of his prediction that June 13th was the key date for Europe to begin falling apart, for gold to begin escalating in price, and says August is another key time for gold, and September when seasonality kicks in though he thinks it will take years for the whole world economy thing to fall apart. He seems to say - but is vaguer on this - that the solution to the current mess is a set of brand new currencies. The value of gold is as much a concept as the value of fiat currencies, gold bugs take note! Interesting writer, I think the bottom line is he likes gold for the long term. Ike