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
I was after my dad to convert his cash holdings last year when gold was running around $750 an ounce.
ReplyDeleteHe kept saying he was being conservative, not investing in risky funds. The irony. All those funds are a far less conservative play than gold is.