I will be argumentative.

Gold Mining is not the chain store retail business where supply of product to sell is, for all practical purposes, infinite. In that field "velocity" makes sense.

Please understand that what follows is not a personal grievance in any way. It is simply my opinion.

To rip everything out of the ground, process it, and sell it for 20% of what it will be worth in 3 years or so makes no sense to me. Now if Tyhee is just coming into serious production three years from now and the price is considerably nearer the high it will eventually reach that is a different matter. With allowance for that passage of time I might well agree with your position. I am speaking from the current perspective.

I agree that getting it out of the ground quickly makes sense but I don't think the gold bull market is over or anywhere near that stage. I think I understand what is happening in the world at this time from several perspectives. We are witnessing the worldwide destruction of all fiat paper currency in a "race to the bottom." Such a race is only stopped by absolute necessity in the midst of chaos.

Short term it is impossible to tell what the gold price will be tomorrow. Longer term the price must, absolutely must, go much higher. We haven't even begun the mania stage where the bulk of Tyhee's gold should be sold for profit somewhere nearer the finale.

On a personal level many are just starting to buy precious metals now. If you owned gold bullion would you sell it here? It is still time to be buying. Other than for immediate needs why should Tyhee be a seller when most people are just now beginning to see the value that gold will have in the future. Be right and sit tight applies here even though we aren't talking about a stock. Why sell out of a position just because a couple of increasingly useless Federal Reserve Notes can be accumulated. I can sell Tyhee at $0.30 and make nearly a 50% profit but there is no way that I will do so by choice.

One of the greatest minds currently in the gold arena has stated regarding the gold price that it may fall somewhat from its eventual high but it will not do a prattfall as it did post 1980. There is therefore little danger or only a minor loss asssociated this time with overstaying one's welcome. The far greater danger is selling too early.

With the annihilation of all the paper currencies comes a complete lack of faith in them. We are witnessing the simultaneous destruction of every paper currency on the earth. Nothing like this is in the memory banks of any human living as this has never happened before in human history. Most people, even those who have some glimmer of understanding, simply cannot (or refuse to) wrap their minds around what is happening let alone project what it portends.

The next currency system will of necessity have gold or gold/silver backing to at least some reasonable percentage of the currency complete with monitored, mandatory compliance agreements or it will just plain not be accepted as a medium of exchange.

Fool me once; Shame on you! Fool me twice;Shame on me! That will be the order of the day.

P.