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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Thursday, April 21, 2011

Marc Faber the Gold is not in a Bubble

Dr. Marc Faber speaking recently with CNBV TV18 from India says that Gold  is far from being in any form of bubble , cause In gold and silver terms, Faber said , the Dow Jones over the last 10 years has already lost more than 80% of its value. "If it were a bubble a lot of people would have gold. The whole world would be trading gold 24 hrs a day. But I don’t think it’s really a bubble. I think may be gold is cheap."

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)

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