Unfortunately, the British like gold more than us. Also unfortunately, Hugo Chavez just announced he's taking over two Canadian based gold miner's operations (bad news for Kinross, who just finished purchasing Fruta Del Norte).

The only good thing there I can see is that the Venezuelan government is desperate for gold reserves. I suppose, too, that if the rest of the world keeps buying, then ultimately it will trickle out of the hands of paper traders at COMEX.

I see India, with its consistent robust annual imports of gold as ending up ahead, and America with its' shortsighted foolishness losing out. I guess Canada will break even because we're still mining a lot of the stuff per capita. We certainly don't value it as much as we should here, though.