Ann: Way Linggo Project Update , page-3

Hi Lordolean and all,

I agree not the news I was hoping for and certainly disappointing I just hope that the time between now and April is well used, upgrading the plant throughput would be a good use of the time IMHO!

I can understand the Indonesian government wishing to value add to their mineral exports having watched the southern neighbour squander away the greatest mining boom in Australian history; however, I don’t see how slowing down tax and royalty paying projects is going to help their bottom line.

Then again I must admit I long since realised government thinking of any ilk was very different to my own. As Ned said “such is life!”

http://www.upi.com/Business_News/Energy-Resources/2014/01/14/Indonesias-ban-on-mineral-ore-exports-goes-into-effect/UPI-27241389726251/

However whilst we wait some general Gold interest items for perusal:

No doubt readers of posts here are familiar with the type of comments made in the following video; however, I feel the facts and figures are well presented and to my mind leave little room for argument against the general gist.

The big surprise for me is the way the USA and other powers to be are keeping the current show on the road. Clearly the massive amounts of printed money are not finding their way into the general economy and causing the kind of inflation we may yet see.

http://goldswitzerland.com/gold-will-reign-as-currencies-stocks-and-bonds-collapse/


Indeed Christine Lagarde, head of the IMF appears to be most concerned with the level of deflation around the financial world. I just can’t help thinking about that old saying: “Be careful what you wish for.”

http://www.ft.com/home/asia

If you thought China was already importing plenty of Gold these days they appear to be keen in facilitating easy access for further physical Gold to find a secure home in the middle kingdom.

“China grants gold import licenses to foreign banks for first time:”

http://www.reuters.com/article/2014/01/15/us-chinagold-banks-idUSBREA0E08N20140115

As always just information shared in good faith.

Cheers and very best regards: Andy