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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Tuesday, April 12, 2011

David Morgan : raw gold shortage in China

David Morgan on raw gold shortage in China interviewed by kitco news


David Morgan who has spend some time in China says that the Chinese people are mostly accumulating paper gold not physical this is quite surprising , China is now considered the world's largest producer of gold.But most of it stays in China, where people see gold as a safe, solid investment in uncertain economic times.CHINA GOLD IMPORTS JUMP! 500% China had plans to increase its gold holding in its foreign exchange reserves. China wants to get its 3,000 tons of gold off the market, so as to not drive the price up.gold sales in China is not slowing down. On the contrary, it is surging Gold products are usually purchased for special occasions, like weddings. But surging global gold prices are also driving Chinese investors to snap up what they can.

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