In 1970 only about 10% of the world were able to own gold. This has changed drastically since then. At one time India purchased 60% of the world's gold supply and China only 9% at that same time. As you know, China has surpassed India and their government is actively encouraging the people to buy gold, so you have gold shops in malls sellimg medals, little gold elephants, wafers, bullion etc with people lined up waiting for their turn.

Now, for example the devaluation of the Pakistani rupee and probable more coming gives one an insight to the storms ahead. (Their population aren't allowed to buy gold). The pundits are looking at $2000.00 gold (? late summer) and then going up from there. They feel a real explosion will occur from the $2700. - $3000.00 level.

In the meantime we are concerned with the falling share price and little trading. Things apparently will start to move soon at Tesoro (thanks for the report) and eventually when Lori gets the Amex listing a lot of the illegal trading will stop. We are all in the best protected position one could be - having gold and silver coins are fine but won't appreciate as much, and I once met a lady that didn't believe in banks put all her money in gold only to have her husband and her beaten until they disclosed where it was. So that plan is only relatively safe.

So take pleasure in cutting the lawn like Hog, "honest labor bears a lovely face" enjoy the days ahead and be thankful we are not as badly off as those in places like Belarus.