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
Receive these posts via email :

Friday, August 26, 2011

Gold Rallies on Bernankes No News Speech

Gold Rallies on Bernankes No News Speech , we are in a situation that resembles pre Lehman with the banking crisis in Europe there is not only a liquidity problem that is building but also an insolvency problem , people are losing faith in paper money worldwide , we will see a $2500 Gold in no time , Ben Bernanke is more likely to announce Qe3 or whatever he will call it during the coming FED meeting in September we will more likely see gold at $2000 by then

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)

Gold and Silver blog