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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Sunday, January 9, 2011

Silver and Gold - Random but Important Facts

Various mostly technical facts and data about gold and silver. So many videos on precious metals are mostly emotion, as an engineer with 35 years experience in primarily electronics but much research in metals I felt I could contribute important information the investing world needs to know but does not! When ten friends selected at random all told me they assumed there was about 50 times MORE silver in the world than gold based on the price differential! When the answer is there is 5 to 10 times MORE gold than silver! Very few apparentlyknow this! This and much more needs to be known by all investors!

CORRECTION: There is about 5 to 10 times more gold for investors to buy than silver. This includes bullion coins and bars. There is more above ground silver. The majority of it is not in bullion form (i.e. sterling candlestick holders etc. )

Gold and Silver blog