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, March 12, 2012

Marc Faber : Gold not in a Bubble

Marc Faber : Gold is nowhere near a bubble phase and there is no better time to buy it than now considering the violent volatility global markets could face in the context of the economic uncertainties and excessive liquidity central banks are pumping in.
I don't believe gold is heading into a bubble,"
A bubble is characterized by the majority of market participants being involved in a market space. I saw a gold bubble in 1979-1980, when the whole world was dealing — buying and selling gold 24 hours a day, globally.- Marc Faber said during the Middle East Investment summit at the Jumeirah Beach Hotel in Dubai last week as reported by Gulfnews

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