ijh, page-26

700 will seem cheap in December. That's their plan. With Gold at over 1500. The US keeps printing money. Dollars have depreciated against every currency, and have depreciated against Gold for many years. Dollars will continue to depreciate every time Fed Ben prints more money (every time a bad economic indicator is reported, Ben prints more money). The Dow could double, but it would be dollars that are worth less when liquidated.

Now ask yourself the question: If you had a number of trillion dollars of US currency, constantly depreciating, and you see an upward spiral of this depreciation occurring 1/4 over 1/4, and your forecasters are telling you the value of dollars are going EXPONENTIALLY lower in real terms against other currencies and gold, would you sit back and do nothing?

Gold WILL hit 2000, and sooner than anybody thinks. Gold will probably hit 4000 in the medium term. 700 will seem like play money. That's their plan. Its a high risk stock, but oh my god, it will absolutely fly when gold gets there. That's why I'm investing. I don't niggle on about 200 changes to cash costs, and what they are in April, December. It'll all be completely irrelevant when Gold is 1500. I'm in this because I believe the price of gold will rise - I don't have the space in my house to put gold bars in.