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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Sunday, August 21, 2011

Marc Faber recommends gradual accumulation of Gold

Marc Faber : Gold is likely to correct, possibly by $100 or $150, but I continue to recommend gradual accumulation. As long as the trio of Obama, [U.S. Treasury Secretary Timothy Geithner] and Bernanke are in power, gold is destined to move higher. Long-term U.S. Treasuries are of no value. They will default by paying interest in a worthless currency. - in Baron's Blog




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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