What is concerning is the PPT is responsible to one person, not a group of public representatives like has been advocated for the boards of public companies representing an attempt to check and balance.

What is most disturbing is that a another person has a definite interest in holding gold. An association with Peter Monk the past Christmas tree shopping mall arbitrageur is well known. This is the reason that I think possibly that people and the realm of influence over some can manipulate markets using the fear factor for their benefit. In the larger picture, res-investor has done a great job in presenting the illusion factor. I have a question for re-investor or anyone else: The US states that their tons of gold are in deep storage, where's that???

In a July 2008 report by David Bond for the Wallace Street Journal he interviewed, as he stated, a well placed Chinese person who said that the gold and silver stocks are cheap. The man said that the silver stocks are trading at prices as if silver were still at $5 and the gold stocks are trading at prices as if gold were still at $350 and that was before the recent sell-off. Who's fooling who?

The man interviewed basically said that China would be happy to exchange its unwanted dollar holdings for gold if it could do so without upsetting markets. He said that if China were to become aggressive, gold would go to $10,000 and the dollar to 10 cents. He said they can't do this because they have future generations to answer to as opposed to people in the US that, basically, percieve that they only have quarterly reports to answer to. The man said that China had lost over a certain period, I can't recall , the figure of $300 billion just on the exchange rate weakness in the dollar.

If people aren't aware of the continuing wealth transfer from our pockets through inflation into the pockets of the Chinese then they will have a rude awakening when the fact becomes painfully clear to them.

Here's an independent question: Was a deal made between the US and China to forestall China's growing anxities of holding dollars for exchange into cheaply placed precious metal resources stocks from scared investors by knowing ahead of time of plans to hammer down gold and silver prices? Well, you tell me. Unloading dollars in exchange for interests in US related companies or foreign companies traded in US currency is one way to avoid trips to the foreign exchange market thus keeping everyone happy.

Long and Strong