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
Receive these posts via email :

Saturday, October 2, 2010

Gold and Silver prices from one record to another

The price of gold and other precious metals seem unstoppable and is going from one record to another record,the price of a troy ounce (31.1 grams) of gold climbed on Friday to a record $ 1,320 Silver the little brother of Gold also rose in price and traded at $ 22.08 a price not seen since 1980 .What is driving Gold prices high is the worrying credit situation in the euro zone with countries like Ireland, but also fear about the new instability in the global financial system .Precious metal prices are a very clear indicator of impending inflation. The U.S. Federal Reserve (Fed) has had hinted in recent weeks that they will finance public debt indirectly through freshly printed money. Officially, this is "quantitative easing" the support of the ailing U.S. economy.

Gold and Silver blog