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
Tuesday, May 1, 2012
Peter Schiff : Gold Is A Reserve, Gold Is An Asset
Peter Schiff : I don`t think gold is a reserve currency. Gold is a reserve, gold is an asset. Currencies need to be backed by something.