RE:160k - can you review you opinions.....TRACTORBOY1: very sorry for not getting back to you sooner but as I mentioned to NineLives, I have been somewhat ill these past few weeks, so I apologize again for the delay. On your question: no one really knows. In my own opinion, the inflation figures released by both the U.S. and Canadian governments are somewhat a fabrication. Removing the cost of fuel, there is not one thing in terms of goods and services that I can think of that has gone down in price. Wages, in turn, are continuing to climb, which is inflationary as well. Here in Toronto, every time you go to buy something or to obtain a service, the cost of same has gone up. In Toronto, a simple can of Heinz beans is now $2.00. How do you explain that? 80 square rooms are renting for $600-$700/month. If there is deflation, could you please give me examples of it. As a pensioner, you might be interested to know that in Canada, if the cost of living has increased quarter over quarter, your basic pension cheque and any supplement you may receive is increased under the "COLA". In the last 6 months, the basic rates for both have been adjusted upwards in both quarters and if you receive C.P.P. or Canada Pension Plan benefits, that is adjusted once a year if inflation has been determined to be eroding your income. Going forward into 2015, the C.P.P. has been adjusted by 1.85% to cover for the "COLA". So all in all, inflation is causing the value of our money to erode and as such, the Government of Canada is required to adjust upwards our pensions. In Europe, the E.E.C. is now about to approve its first round of quantitative easing to put more liquidity into the system. And as we know, this is extremely inflationary but it does keep interest rates artificially low, which is both good for the economy but bad for the value of the Euro, in the long run. Greece is totally bankrupt and with the possibility of a non-austerity government taking control over the existing government which endorses austerity measures for all, this new government could throw Greece into a downward spiral from which it will never recover as the I.M.F. and other support systems will stop. The printing of money and the purchase of government bonds is without any doubt inflationary and this borne out in the fact theat the Euro is trading at historic low values. When the possibility of QE was announced in the E.E.C., that is when gold spiked up from the 1,175$/oz level to over the 1,200$/oz level and likely to move up to $2,000/oz if the current Greek austerity government fails to retain power. As far as wealth distribution, since the crash of late 2007, the gap between the wealthy and the poorer classes has widened immensely as the upper economic classes were able to weather that storm and even capitalize on it greatly, while the lower economic classes lost billions of dollars and will never likely recover from it. Very low interest rates, encourages uncontrolled spending trends and encourages people to buy when they often cannot afford to...one of the principal causes of the housing bust in the U.S. with the sub-prime scam. People with barely 2 nickels to rub were encouraged to buy 300,000$-500,000$ homes with little or almost nothing down. As soon as interest rates moved up somewhat, many of these purchasers were unable to make their mortgage payments and thus, the spiral effect caused a ripple through the entire financial markets as one domino after another, all dependent on each other, fell until there were more defaulted mortgages in the market than credit worthy ones. As far as the money supply goes, I see no supply crunch here. Spending is reported by the Government of Canada to be out of control with more citizens owing more than they are saving. In this environment, some of the factors I have just touched on, gold, precious metals and other eternally valuable and increasingly so hedges such as rare art, antiques and diamonds of investment grade are your best protection against the inevitable rise in inflation, which right now, is being held back, artificially. Finally, I see no tangible evidence of deflation, right now. Thanks so much. 160K (P.S. thanks for voting against the consolidation proposal...it made no sense whatsoever. However, if ANX had been trading at $2.00/share, then I could possibly see the value in consolidating the stock on a 2 old for 1 new basis, which is realistic. Thanks again. 160K