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, August 17, 2011

David Morgan : Gold is not in a bubble it is the debt Bubble

David Morgan :"..... I mean, the view I have is that it's not gold that is in a bubble. it is the debt bubble. it is the increasing of the burden of government's printing more money and that's the real problem. gold's reflecting that reality. so, i think the current case is that the united states finally got the message with the downgrade by the s&p to a lower credit rating and i think this is going to be put some stimulation you might say into the political system that may actually cause some action to take place. if the u.s. can get the debt house in order, i think you'll see some leveling off in the gold price. if that doesn't occur, you probably see the opposite

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