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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Wednesday, June 22, 2011

Gold is a fantastic Inflation Hedge says Tim Harvey

Gold is a fantastic Inflation Hedge says Tim Harvey Senior VP at ETF Securities : We are not going to see so much change in Gold in gold because of Greece or Ben Bernanke it will very much to do with inflatioin in China and India , What will cause a dramatic rise or fall in gold price is a major reaction to something that the public did no expect compared to the Lehman Brothers crisis in 2008 which was not expected , overall gold and silver are a fantastic inflation hedge we are definitely gonna see inflation increasing re-exported to us from China from Indonesia from India says Tim Harvey

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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