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, June 16, 2011

Gold $1650 by the end of the Year says Dennis Gartman

Dennis Gartman, The Gartman Letter says that Gold and Silver are are flexing their muscles against other currencies and how you should to trade them : "you do but not in u.s. dollar terms. it's going into gold in euro terms, sterling terms and yen terms. it's one of the reasons why i'm an advocate of owning gold not in u.s. dollar terms at all. with the circumstances in greece it works to the benefit of owning gold in especially you're oterms. it it creates a different sort of gold investment." Gold is going higher says Gartman "by the end of the year we could see gold at 1650, in euro terms another 100 euro higher" "long gold short the Euro " he added

Gold and Silver blog