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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Saturday, June 25, 2011

How Gold is Mined in Nevada

Visionvictory takes us to a mining tour of a gold mine in Nevada , the goal is to show you that gold mining is not an easy task it requires heavy machinery a lot of energy and human power and skills , tons of dirt and ricks has to be moved or crashed in order to get one ounce of Gold , unlike money printing gold mining comes with a cost and that adds to the value of Gold , gold cannot be created out of thin air as we do with paper money . Nevada accounts for 75% of gold production in the United States and 7.2% of the gold mined worldwide

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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