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 20, 2011

Gold going up to $2,400/oz

2000 years ago 1/10 of oz could buy you a goat. Today 1/10 of oz can still buy you a goat...It's not that the Gold is expensive. It's the Dollar that is cheap...The Fed is planning 2 more rounds of " quantitative easing " ( monetizing the debt). So hyperinflation is a real possibility.German company is installing "Gold to Go" vending machines. They opened their first of 5000 gold ATM machines in Abu Dhabi and are focusing on Germany, Switzerland and a few other countries.Gold is becoming ever more popular, this is another good example of the new gold rush.

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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