This is only the beginning guys.  When you consider that this is a record price and that the record was set in back in the late 70's or early 80's there is a long way to go until it reaches inflation adjusted equivalency in 2008 US dollars.    

Is this the new target price for gold???? 

Given the devaluation of the US $ you could calculate the equivalent price in CAN$.   

Is this the new target price for gold?? 

Add to this that I believe the European Financial Guru’s when they advise that the US is heading into a long term depressed cycle caused by their consumer driven monetary policies.  All international investors are about to race to gold as a hedge and the price will skyrocket.  The McFaulds board is frequented by a poster “johndefur” and he really knows his stuff.  Catch a bit of his insight.  Go to Kitco.com and read some of their blog’s today and catch their perspective.   

I have read $2000.00 an ounce, and I bet we see both gold and silver start rocketing this afternoon or tomorrow when the rest of the world gets a chance to panic. 

I am so glad to be sitting on UC at $0.50 CAN with all that gold and silver there waiting for the market that I am at this very minute rather pleased that we did not process and sell any last year. 

All we need now is for UC to make it happen. “Git-er-done” Jim 

Hang in there guys!!!! 

Long and Strong