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
NEW YORK (TheStreet) -- Greg Ip, author of "The Little Book of Economics", explains why the spike in gold has more to do with fear than actual inflation.
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