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, July 6, 2011

Bullish on Gold & Platinum

Gold will probably trade higher from here as the central banks still buying Gold and the global economic situation has not improved that much says Tim Harvey, Sr. VP of ETF Securities, the unrest in Greece and southern Europe affects the price of Gold hugely in its store value as an inflation hedge and other factors why people invest in Gold , the supply of Gold is health there is no squeeze in supply says Tim Harvey but still with Gold we see more buyers coming in like China a huge net buyers of Gold as well as a huge miner of Gold

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)

Gold and Silver blog