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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Monday, November 14, 2011

Jim Rogers : Gold is nowhere near a bubble yet

Jim Rogers : Gold is nowhere near a bubble yet , I suspect you know very few people who have ever bought actually any gold , if you go to America you see shops everywhere saying 'We Buy Gold' , the public is lining up to sell gold someday those shops will say 'We Sell Gold' and the public will be lining up to buy gold , there is very little of that now , very little pension funds , mutual funds very few investors institutions of any kind own any gold and if they own gold it's one or two percent , that's not a bubble John a bubble is when everybody is begging to buy gold all day long .... - in CNN interview , Click here to watch the entire interview >>>>>

1 comment:

  1. Definitely. Same when you sell silver. Gold represents luxurious living and people want that.

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