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Message: Something bid this way cometh.....

Something bid this way cometh.....

posted on Jan 31, 2010 11:03PM

Hi guys,

I read virtually every post here. I value the work of Hotmuck, Lunchmeat et al. Thanks for doing the work that I am too lazy or ignorant to do. I am of the opinion that 10 million oz. is a given on our property. How long have they realized the new geology? Less than a year and a half, maybe. Just look at the results so far. Please don't tell me that we have found all the good stuff. This baby is just getting started.......

I read incessantly on geopolitical/socioeconomic type stuff. Mostly editorialists. I don't know if that makes be biased or one dimensional, but I cannot escape the feeling of dread that something BIG is coming down the pipe. The status quo is at a breaking point. The west has spent the last thirty years living well beyond its means while racking up unprecedented levels of debt. Well....that piper is demanding to be paid. The standard of living that any Canadian adult today has enjoyed to date is in serious jeopardy. When a country does 70%+ of it's business with a business partner that is bankrupt, well, your prospects are not bright. Any business in our position would be making big changes, NOW. Are we doing that? Not that I can see...

Western civilization is in for a world of hurt (i.e. gallon of milk $15.00, and that's probably conservative). Profligacy is the road to ruin. We are soft and we are going to be beaten to a pulp by 2 billion people who are willing to work 12 hours a day just to eat. It's like Michael Moore walking into the cage with BJ Penn. It's baked in the cake.

On the positive side for gold bugs (like me!), The US government has two choices, default or inflate. Well, default is far too bitter a medicine for pussy Yank politicians to swallow. They are going to inflate as covertly as possible. The dollar will continue to devalue. The elites want to devalue. This is good for gold and us SGR shareholders. Patience is the key.

Anyways, enough of a red wine inspired rant for today. Good luck to you all.

MB

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