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 :

Thursday, April 28, 2011

Jim Willie : The Dollar has a cancer called QE

Jim Willie : IMF plan to introduce the SDR but that's just a fancy name for a basket of major currencies the dollar the Euro the Yen and the British Pound , imagine if they try to use this basket as a global reserve banking currency , they think that this will fix the problems that the dollar has , because the dollar has cancer it is called QE
...they gonna fail miserably and this means that the price of commodities will continue to rise uniformly gold silver cotton crude oil all of them in uni-sense

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Gold and Silver blog