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 Rises at a new all time high above $1828/oz

Hugo Chavez of Venezuela nationalizing Venezuela's Gold mines Phillip Streible : "there is insufficient response to the sovereign debt crisis in europe. makes sense for gold prices. he's repatriating. and the physical front and by him nationalizing all by gold mines in venezuela, you know, you have to think those gold mines, although Venezuela is not a key player, some of that gold makes it out on to the market. and those people are going to have to look for gold out there and try and, you know, recapture and harness down some of the that gold that they need. "

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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