Caledonia Mining Corporation (TSE:CAL)

[NYBob]

Resort to SDRs for next bailouts will spur rush to gold,
Rickards says -
Submitted by cpowell on Wed, 2011-09-14 03:31.
Section: Daily Dispatches
11:32p ET Tuesday, September 11, 2011

Dear Friend of GATA and Gold:

Geopolitical analyst James G. Rickards, who spoke at GATA's Gold Rush 2011
conference in London last month, tonight tells King World News
that the major Western industrial powers are likely to start
resorting to the "Special Drawing Rights" of the International
Monetary Fund for the cash needed for the next round of bailouts.
And when that happens, Rickards says, "the game really is over.

It will be very transparent that we're just replacing one kind
of paper money with another kind of paper money and that is
going to accelerate the rush to gold."

If Rickards says it, ordinarily it's a lock, but let's add one contigency.
As long as prospective purchasers of gold are content to leave
their metal in the custody of bullion banks like HSBC and
J.P. MorganChase, forfeiting their metal to the Western central
bank fractional-reserve gold banking system, where their metal
is turned against them, then infinite amounts of imaginary gold,
paper gold and gold derivatives, will be able
to keep suppressing the gold price indefinitely.

Russia has known this since at least 2004:

http://www.gata.org/node/4235

China has known this since at least 2008 or 2009:

http://www.gata.org/node/10380

http://www.gata.org/node/10416

Venezuela seems to have figured it out this year:

http://www.gata.org/node/10281

http://www.gata.org/node/10286

And even Goldman Sachs, formerly a participant in the scheme,
is now heavily hinting about it:

http://www.gata.org/node/10408

But the Western financial news media resolutely refuse to get
near the issue, though GATA has handed the documentation to
many of their top journalists and has patiently explained it
to some of them.
(At least one such journalist was courteous enough to be a
little apologetic in walking away from it the other day.)

If the Western central banking system and its agents
can keep creating paper gold as easily as they can create
SDRs, Western financial journalism may have many more years
of noting smugly, without expressing the slightest curiosity,
that gold isn't keeping up with inflation.
The conclusion will be a matter of the readiness of any of
the Eastern powers to pull the plug on the scheme when they
decide that they have adequately hedged their exposure to
the currencies of the gold price-suppressing Western powers.

An excerpt from the King World News interview with Rickards
is headlined "Monetary System Will Go Gold Soon" and
you can find it here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/14_Ji...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


Caledonia Mining Corporation is a well diversified company -



The Blanket Gold Mine located in Zim have many advantages

CALVF GOLD's low cost production leader Au$585.0/oz -

CALVF's BLANKET GOLD MINE Production Au 40,000 oz/year -

http://www.caledoniamining.com/pdfs/CALPres05262011.pdf
http://www.caledoniamining.com/pdfs/CALPres05192011.pdf
http://www.caledoniamining.com/blanket2test2.php
http://www.caledoniamining.com/blanket3test2.php

CALVF's A target production rate of 100,000 oz per annum -

http://www.caledoniamining.com/blanket4test2.php

CALEDONIA MINING CORP. A Profitable Gold Miner!
(CAL:TSE) (CALVF:US) (AIM,LONDON:CMCL)

http://www.caledoniamining.com/blanket.php

CAL Production Cost Au US$585.0 per ounce -

CAL has 800+ mine workers and located 268 old Gold Mines
workings on the 100% owned large Blanket Gold Mines Property -

Gold Mines Producers to Fly HIGH -



CALVF from pennies to above $6.-/sh -
twice before - top trend line > $6.-/sh est.
CALVF 3rd time run UP GO>GO

CALVF drilling on NAMA world class cobalt-copper-belt
type mineralization -

http://www.caledoniamining.com/nam1.php

CALVF has some advantages with comparison to USA and Canada -
e.g., low taxes;
Corporate Income tax at 25% -
lower labour cost but a happy work force
Indigenisation program Mugabe talked about for 20 years -
but the leading Peoples opposition don't want -
year 2015 is a deadline -
self declared king pin Mugabe 88yrs old is sadly in serious
cancer sickness -
Blanket Gold Mines Project -
the capacity of the secondary and tertiary crushers was increased
to over 2,000 tpd and the capacity of the rod mills was
increased to 1,800 tpd.
The product from the regrind mill is pumped into a carbon
in leach ("CIL") plant consisting of eight, 600 cubic meter
leach tanks equipped with 45 kW agitators where leaching
at 50% solids and simultaneous adsorption of dissolved gold
onto activated carbon takes place.
The CIL plant has a design capacity of 3,800 tonnes of milled ore per day.
Elution of the gold from the loaded carbon and electro winning
is done on site.
Gold is deposited onto wire wool cathodes, the loaded cathodes
are acid-digested and the resultant gold solids are smelted
to produce gold bullion of approximately 90% purity, prior
to Blanket exporting it directly to Rand Refinery in South Africa
for final refining and sale.
The full proceeds of sale (i.e. before payment of any royalty)
are paid to Blanket's foreign currency account with a commercial
bank within approximately 7 days of receipt of the gold by Rand
Refineries.
http://www.caledoniamining.com/blanket3test2.php


God Bless