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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Friday, September 2, 2011

Andy Schectman : $10,000 GOLD

Andy Schectman Miles Franklin Precious Metals CEO gives his view on precious metals demand, the Pan Asia Gold Exchange, the Bernanke and the fall of the EU and United States. Buckle up. " When everybody realizes that this is not much a liquidity crisis but a currency crisis , interest rates have nowhere to go but higher and when that happens what I consider to be the mother of all bubble has nowhere to go but down " says Andy "we are starting to see for the first time central banks accumulating Gold , they were net sellers just few years ago"

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