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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Friday, September 21, 2012

Bitcoin vs. Gold

James Turk and Félix Moreno de la Cova discuss the differences, but also the similarities between Bitcoin and digital gold currencies. James Turk's focus on the "tangible" aspect of physical metal currency. Bitcoin may not be a physical object that you can touch but it is much more tangible than fiat money in that it represents a real thing that has value. A bitcoin wallet consists of key pairs that are real things. They are numbers, information. But information can have real tangible value. Félix states, that the amount of minable bitcoins is limited similar to the amount of gold.

Gold and Silver blog