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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Saturday, July 23, 2011

James Turk : The gold price and the Fiat Money

James Turk :  "...right now the dollar depends only on confidence and confidence is very fragile we are starting to see confidence erode internationally , you know the dollar has been in a major downturn for several years we are seeing precious metal prices going up we are seeing commodity prices going up food prices indexes are record high all of these things suggest to me that there is too much money being created by the federal reserve and indeed all central banks around the world and people are taking that money and putting it in things of usefulness , real commodities that have tangible value , useful value , so I think we are very close I think we are going to see some major upheaval within the next year " James Turk of the GoldMoney Foundation speaks about currency devaluation and the rising gold price. How the gold price is rising against all major currencies and monetary policy is political, having abandoned all pretense of seeking monetary stability.

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