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 2, 2011

Peter Schiff Gold could reach $10000

Peter Schiff : "The Dollar has no floor , so the Gold has no ceiling " , Peter Schiff said , he predicts $5000 an ounce gold in the next decade but it could happen really earlier he said in a recent interview , but the possibility of a 5 digit gold in the order of $10000 is also possible as there is no floor for the dollar to fall into so there is really no ceilling for the Gold to go up to , Gold could go to the infinity measured in dollar terms

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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