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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Tuesday, June 7, 2011

Making Money in Gold and Silver

An outlook on the gold and silver trade, with Rob Stein, Astor Asset Management and Christian Magoon, Magoon Capital. Christian Magoo : "you have a number of options here. one way to hedge just a general way is to own the physical gold ETF. i like IAU. it's less expensive and owns the physical bars of gold. to be a little more aggressive, should gold have a correction of 10% or month? i actually like junior gold miners, gdxj. it's the ETF that owns a variety of those, and it's been a more volatile way to play gold. at this point it's kind of come on track a little bit from gold as physical gold is positive for the year, but junior gold miners is negative for the year. i think there's an opportunity there"


Gold and Silver blog