LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

TEN THOUSAND $ AN OUNCE GOLD

[AcerbikWit]

Did that get your attention? That would be one helluva jump eh? Not really.... The jump from 35$ an ounce to $850 back in @ 1980 That was 24 X the price...hmmm ~~~~~~~~~~~ The troubles of the last year were a starter pistol’s shot turning the attention of investors to gold. As the year of 2007 came to a close and the sum total of investment reasons for holding gold drew the attention of many investment managers to gold who had not previously contemplated investing in gold, whether in shares of the gold Exchange Traded Funds, the potential swamping of the gold market became a possibility. A number mentioned here and elsewhere in the past has been that if only 1% of the funds invested in the New York stock exchange were to find its way into gold then the gold price would move to between $1,000 and $10,000. Now add European, and Asian investment funds to that of the U.S. and estimate if just 1% of that money came into gold and you would begin to see the potential for the future gold price. Before that moves from possibility to probability, we have to ask ourselves, will the root causes of the present reasons to hold gold persist for long? We would answer that by asking, “can you see effective solutions or attempts at solutions out there that will bring stability to the banking system, to the monetary system and will drop inflation and bring real growth to the globe [outside of Asia]?” Unfortunately not! So why should investment manager hold back from investing at least some of their funds in gold? Here's the link www.financialsense.com/editorials/phillips/2008/0114.html