Martin Hennecke: That’s exactly true and it’s quite interesting that actually its price itself hasn’t yet exploded. It has been very stable and has slightly risen yet today but it hasn’t been exploding yet partly because of the leveraging shortly, partly perhaps because of manipulation. The Central Bank and the politicians don’t really want you to panic out of their debt and go into gold. If people see gold rising a lot, that makes it quite attractive but you’re exactly right, there’s basically been a panic-buying frenzy across the Western markets in particular because most dealers completely sold out. You look at Germany because I’m looking at the situation pretty closely. The two major dealers have closed shop there even in the US, dealers hardly return calls because they’re completely out of metals so I think this will intensify considerably again even with those new plans that have been formalized over the weekend which again just means next printed up money is being shown as the problem and inflation going forwards to accelerate very sharply.

Host: Todd, jump in.

Todd G. Everts: But Martin…obviously as Martin was introducing you, there’s a little bit of headline that the US and the Euro is going to have the same effect as the Zimbabwe currency. Coincidentally I’m worth a hundred billion Zimbabwe dollars because I bought four 25 billion dollar notes on eBay earlier this year, so I put them on my wall..you really believe that the US dollar and the Euro could go to that extent?

Martin Hennecke: Actually as a matter of fact it’s interesting to know that the world’s leading rating agency or one of them anyway, Standard and Poor’s has actually projected in March 2005 that all major governments are heading towards the fall on the sovereign bonds. And again that’s the world’s major rating agency so now that was predicted right before the crisis even started and now these text revenues are obviously drying up and much, much more money are needed for all these bailouts and privatization of the banks to prevent literally a bank-run. Clearly if anything is likely to be happening earlier than later so maybe we are not seeing exactly a Zimbabwe style thing but inflation definitely is a major risk and investors should look at this very carefully because most investors have been saving now, cash is the safest thing but it might just turn around and cash being one of the highest risks, investments of this inflation accelerating.

Host: And gold being the go-to asset. Understood. Martin got to go, great to talk to you sir. Thank you for your ideas. Martin Hennecke, Senior manager private Clients at TYCHE Investment Advisors.