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 13, 2011

Gold to all time highs among fears of Italy defaulting and QE3

Gold to all time highs among fears of Italy defaulting but also fears about the debt ceiling in American and then possibly with the soft economic data coming out another round of quantitative easing hints about QE3 from the Fed , all these factors helped the Gold prices settling at a record high on Tuesday also hitting and intra day high on Wednesday , the macro environment has turned favorable for gold but what's really impressive, is that currently we're in a seasonally week period for demand particularly out of asia, but we're still seeing gold prices hit record highs



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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