Hi luker et.al.

I've read the whole report and I absolutely refuse to get into it point by point. But I will say this.

"Whoever wrote this report is desperate, in my opinion."

I read another article yesterday, I believe it was from David Stockton and he hit the nail on the head, imo.

"Fiat is not about wealth. Gold is."

My input.

Fiat is just about confidence. Confidence that whatever or whoever is issuing it can support it with results, value, etc.

Gold requires hard work to obtain it and hard work to refine it, unlike Fiat. With gold, there is no free lunch but Fiat, imo, falls into that category as it's history shows.

I agree with the writer that based on this, in terms of fiat, gold has unknown value, even no value, but the writer misses the point.

Example: In terms of Fiat, a work of art like the Mona Lisa,varies from day to day, depending on the amount of Fiat in circulation, not really a good indication of wealth, but just a measure of exchange.

So, if you think life is about a free ride, support Fiat, but if you think you only get out of life what you are prepared to put in, you have no choice but to support gold.

Questions for Citi. If gold is such a useless asset, why hold it? Why even trade it and why try and fool the market by issuing useless paper supporting it?

Do they really want to change history?

"We live in interesting times"

Good Luck to all!