Aurora Acquisition Corp (AURC)

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***Currency Regime Change ***

August 2, 2006

Doug Casey is the chairman of Casey Research, LLC., publisher of the highly acclaimed International Speculator.

...There is a major change coming that will catch most investors by surprise: the end of the U.S. dollar as the de-facto world reserve currency.


**Central Banks Looking to Exit the Dollar

In the International Speculator, we’ve often mentioned the inevitable move by central banks to diversify their reserves out of the U.S. dollar. We’ve noted that, apart from the current situation, there is no precedent for any non-redeemable paper currency being held as the primary reserve of the world’s central banks.

That diversification out of the dollar, with a lot going into gold, has begun. A regime change is afoot—though few have yet recognized it.

Recently, Russian President Vladimir Putin ordered the Russian central bank to raise the gold share of its foreign reserves from 5% to 10%. That’s no small matter, given that Russia's reserves have surged to $247 billion—the world's fourth largest.

Accomplishing the shift to 10% gold would require purchasing 21 million ounces of bullion, which is about one-quarter of the world’s annual mine production!!...

... And thanks largely to oil exports, Russia is accumulating additional foreign currency reserves at a rate of about $100 billion per year. With reserves growing so rapidly, just keeping the gold portion at 5% would require Russia to absorb a big slice of the world’s mine output.

...Seems as though Aurus Corp has a BIG "client" to consider here!... ;) Oh-YES!...NO doubts

*Yes...the SAME "client" that supports Aurus Corp by virtue of our Governmental J/V partner and the further established 'Special Target Program'!*

http://www.prudentbear.com/archive_comm_article.asp?category=Guest+Commentary&content_idx=56863