KAT Exploration Inc (KATX)

[Jackroch]

Did anyone else notice that the Chinese president Hu said the era of the Dollar as the world's reserve currency is over?

Didn't get a lot of mention in the press because the powers that be squashed it. But look it up, you CAN find that quote.

He wasn't messing around. The Chinese are increasingly dissatisfied with how the U.S. is conducting itself in the world, being a bully, etc.

They have the power and influence to bring about a change in the world's reserve currency. Russia has been making rumblings about that too. Hedge funds have set up "doomsday" funds. Look that up too and why they are being established.

If the dollar IS replaced as the world's reserve currency, expect to see gold and silver monetized and the value of all precious metals to skyrocket. When you see Americans buying gold and silver, it's not because they hope to get a 10-20% return on investment. It's because they realize they BETTER own gold and silver if things get real bad here.

So yeah, I am not all that worried that metals are going to go down. It sure would be great if KATX found some.