that is still VALID
The catalyst for gold reaching let’s say close to 1 or 2:1 [on the Dow/Gold ratio] I think will be inflation in China … [since] they’re finding themselves to be not as competitive as they used to be especially against India, Bangladesh, Indonesia and other countries. And what could cause inflation to really perk up in China is a devaluation of the renminbi. Now if they devalue the renminbi, you’re going to have real inflation in China; you’re going to have Chinese rushing to the gold exchange market and you could have a real run on gold at that point in time.