Paula,
I think that you are not really familiar with the reality of gold.
Central banks are not dumping gold. Although there is some sort of movement in gold inventories from one CB to another CB, total gold held by central bank is only 10% below what it was decades ago. Only a few hhave reduced their gold holdings.
The reality is that there is at least 4 times what CB's have that is in private hands in all forms, jewellery, bars, coins. These holsed consider their gold as a store of value that can be used as a medium of exchange: money.
Right now there is a big movement towards digital gold. That is gold that circulated electronically while the physical bars remain in vaults. You will hear a lot more of this in 2003 with companies starting to use goldmoney to pay dividends instaed of US dollars.
As for you theory of recovering gold from see water..it will probably come in 25, 50 or 100 years when gold is in the 10th' thousands of dollars. But then there will still not be enough and gold will still be on of the rarest value on earth.
