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, January 16, 2012

David Morgan : $2000/oz Gold & $100/oz Silver in 2012

David Morgan :....I am on record saying that we will see a $100 an ounce silver (in 2012) and that's in my book that was published in early 2000 , so i can't get out of that that's in black and white , but it is not a number that I think people should focus on , and of course people love to know how high and all that because that's the only one thinks my net-worth 'how many dollars ' do i own , but really you got to get out that paradigm because in a depreciating currency to think of how much you have in dollars is really not thinking very clearly , cause which dollar you're talking about ? the 1930 dollar the dollar the day you were born or the dollar of today ? because it is a variable it is not a constant whereas an ounce of silver and an ounce of gold is a constant and what's you really think about is how many ounces of gold and silver you have accumulated over the years is it higher or is it lower than the amount you had a year ago two years ago , if you think about that shift that paradigm then you are looking at your real wealth not some paper derivative

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