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, August 20, 2011

Gold Rush 2.0

(19Aug11) People rushing into gold to protect their money World investors rush to buy gold; prices continue to soar .Fueled by concerns over the security of bonds, investors all over the world are flocking to gold. Retailers are also benefiting from increasing demand for the yellow metal, and soaring prices. But analysts have a word of warning - what goes up, must eventually go down. Gold prices have rebounded and continue to soar on the international market. Experts attribute the recent gold rush to investors' weak confidence in European bonds, on the heels of the region's lackluster economic performance.Continuously soaring gold prices are due to investor worries. Concerns were revived by the recently-released European economic results, which were unsatisfactory

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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