All the Gold ever extracted is 160,000 tons (in 2009) , The American Debt = 14 Trillion Dollars = 1.8 All the Gold ever extracted in Human History !!! The monetary mass in the US is increasing by 15% a year ! Total gold divided by people in the world gives each of us 23 grams
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Wednesday, June 24, 2009

Gold May Rise as The Dollar Drops

China have been accumulating massive amounts of commodities in the last 6 months or so , copper zinc oil aluminum , nickel , but the demand from the Chinese market have not picked up really except from the auto industry so the prices of commodities are likely to start to suffer in the short term , agricultural commodities may hold up a little bit better as they follow a whole different cycle from mining commodities ...The official currency of commodities The Dollar has collapsed against the Euro today The dollar yesterday dropped as much as 1.8 percent versus the euro, the most since May 8, The crude oil at $70 a barrel is at med cycle price .Gold Bullion for immediate delivery traded at $925.54 , Silver for immediate delivery rose 0.4 percent to $13.905 an ounce. Silver has outpaced gold this year, with an ounce of gold now buying about 66.53 ounces of silver . platinum climbed 0.4 percent to $1,166.50 an ounce. Palladium fell 0.5 percent to $235.50 an ounce .“The weakness in the dollar is going to have some positive impact on commodities,” Francisco Blanch , head of global commodity research at Merrill Lynch & Co Watch the video bellow....

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