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November 17, 2005

World Gold Council 3Q05 Report, Thurs., Nov. 17, 2005, 8:46 AM

In the past two hours the World Gold Council (London) issued its Third Quarter Report (6 pages). If there is one report you ought to read today, this would be it. Enjoy.

You know, I am having trouble getting out of first gear today, for unknown reasons. But I have been up for three hours and haven't done a thing, and worse, I do not feel inclined to keep up to the pace. Besides I have a meeting this morning to arrange a reader survey system that I would like to attach to the website.

There is an interesting dynamic happening. The total number of hits in the past 2 weeks has exceeded the total from mid-Dec through April. More people are expressing their views, and getting involved. I anticipate million hit days in the not-so-distant future. I don't know what the major commercial media are getting, but I am sure that I have an audience that parallels many of the "names".

In my haste to develop a global audience, I offer a lot of output. This is a one-man show. There is not a single other person involved. In between regular work, I two-finger type as fast as I can put my thoughts into a computer file, and I hit the upload as fast as I can, so that the time float to real-time is kept to a minimum.

I can best do that via a process of free-thought, and no external editing. So some of what I say is going to be unacceptable to at least some part of the thinking of a large part of my audience.

So far, I have been lucky in the sense that people see the clarity of my vision, which is to help as many people as possible by sharing my expertise and experience in capital markets openly and freely. Therefore when the subject matter of personal wealth overlaps with issues typically associated with race, gender, religion, politics, and so forth, and I hit the wrong nerve with some readers, I think they accept that I had no agenda to do anything more than help the most people I can, in the circumstances I am in.

Letters like Keith's -- on this topic and the ones he has sent on regulation of the Internet -- serve as a regulator, or check and balance, on me, and for that I am grateful. Thank you again.

I am pleased to see that gold (Dec-05) is up this morning to multi-year highs (+$6.90 to $486.00) on its way to $500+ as I had forecast. Although I personally don't need it, I feel my work on gold here has validated me.

I recommend you also read the Wiki report on Gold as an investment.

Posted by Posted by Bill Cara on November 17, 2005 08:46:59 AM | Category: Gold