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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Tuesday, September 27, 2011

Physical demand out of China boosting the Gold Market

When you are buying Physical Gold you do not care what the margin is says futures trader Lou Grasso, Millennium , a lot of the demand these days is physical demand out of China he added I spoke on your show in the middle of last week and i was an advocate in raising the margins. do i think that's really going to stop people from coming in? no. because a lot of the demand for gold these days is etf demand and physical demand. physical demand out of china and Asia is really driving the market these days. obviously if you're buying physical you don't care what the margin is."Lou Grasso told CNBC

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