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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Friday, July 15, 2011

Gold & Silver Prices to Skyrocket on US Debt Ceiling Worries

Gold And Silver Prices Expected To Skyrocket With US Debt Ceiling Worries , Bill Gross who is Pimco's largest bond fund manager in the world he mentioned when adding in all the money owed to cover future liabilities and entitlement programs the United States is actually in worse financial shape than Greece and other European countries , this is obviously nothing new but what was happening over the prior weeks up until today it is building up , it is like a pressure cooker getting ready to explode , w gonna have to continue to raise this debt (ceiling) and if we do not what's gonna happen is we will default on the loans that America has , you should hold on assets like gold and silver that's where the strenght and the protection are , do not worry about what the stock market is doing , mutual funds the safe heaven right now is in Gold and Silver you get to hold on to for safe keeping....

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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