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, November 24, 2010

Gold Prices Will Ignore China

NEW YORK (TheStreet) -- Nicholas Brooks, head of research and investment strategy for ETF Securities, says despite any rate hike in China, investors will continue to look...

Nicholas Brooks : ...I think the -- will be pretty immutable again I think most of the investors in Asia. Are either accumulation -- Within medium to long term accumulation in mulling whether it's the Chinese Central Bank or whether it's private investors. To the extent that they can access gold. Are so my own sense is that. -- are structural factors that are unlikely to be affected by -- relatively small movements in monetary policy and again I think the key point to remember China is they have no interest whatsoever in. Slowing growth sharply they're just tried to temper some of the overheating that we've been seeing on the over the past year -- so.

If they are able to stem inflation however won't that hurt investors -- have been buying gold as a hedge against inflation.

Well again I think in my mind one of the main reasons investors have been buying gold has really been -- currency debasement argument not so much. Directly inflation -- one -- basic currency through inflation but one can also -- basic....

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