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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Thursday, June 14, 2012

Italian Woes Ultra Bullish for Gold

With the Greek elections this Sunday the Spanish debt problems and the Coming Ben Bernanke speech all the odds are there for gold prices to spike as capital is fleeing southern Europe and looking for safer heaven , the FED will become the dominant focus as we go to the next week says Jon Nadler senior analyst at Kitco . but if the debt crisis spreads to the larger economy like Italy this will become ultra bullish scenario for Gold the ultimate safe heaven

Gold and Silver blog