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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Thursday, August 18, 2011

Gold Gains on debt crisis and growth fears

Gold remains the ultimate safe heaven says Andrey Kryuchenkov, a commodities analyst at VTB Capital, Any Gold Sell off Would Be `Short-Lived' Central Banks became net buyers of gold , Gold will remain the most appealing short term asset , where else would anybody put his money when there are so many market uncertainties and the FED just announced that it will keep interest rates so low for another couple of years ....

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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