Why and how could the current bubbles affect the price of gold?
We're starting to see that urgency is that... You've had the virtuous cycle of bubbles pushing the economy up. When it turns to a vicious cycle of all the bubbles popping and interacting to push it down like dominoes things can go quickly. We started to see that basically you probably built up about as many bubbles as your going to get, a little more here, a little bit there, but when you see countries like China or Japan having to buy trillions of our dollars to maintain the value, you're starting to go, "We're pushing it."
In terms of timing, that means that a shock event could kick it off, obviously, something in the Middle East could happen it's still a very dynamic situation, Middle East is key because of the oil, if oil prices go up, and oil prices can go up just on fears or problems if the Persian Golf gets shut down in any way oil prices go up, things get destabilized. From that standpoint, if that happened this year, you could see a problem starting this year, meaning this summer. So time could be very quick. Aside from a shock, I think you're still looking at probably 1, 2-years, 3-years before things really get bad, but you know, there's money to be made between now and then. As I always point out to people, what have you really made in stocks over the last 5-years? You’re lucky if you really got even with inflation. If you had that in gold, you'd be up 100% plus. It's been a good bull market already. So even though the perfect time might not be there, it's still a good time, and shocks can happen at any point. Again, the Middle East being an obvious shock, the unknown shocks, being something like a 9-11. So all of these can affect people's confidence in the U.S., people's confidence in currency, and people’s confidence in where the stock markets going to go.