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 25, 2011

This Gold Pullback is totally Normal

This Gold Pullback is Normal says Aaron Smith, managing director at Superfund Financial  : the bond market is the biggest bubble , Gold is money it was money for the last 3000 years and this is not going to change for the next 3000 years . China and India small invstors are pouring into physical gold ."We saw a normal pullback yesterday in the gold price, nothing really different from what we saw in silver a couple of moths ago, when silver went parabolic. So this is totally normal," ,He added . Smith said he sees "lots of support for gold at $1,650, the long - term 150 - day moving average is way down at $1,500, so there's plenty of breathing room for gold to move around without having a correction or a turnaround."

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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