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
Monday, September 17, 2012
September is the Best month for Gold regardless of QE3
September is the Best month for Gold regardless of QE3 says economist Félix Moreno de la Cova , He states that after a year of consolidation the stage is now set for much higher prices.While it is hard for a value investor to assess gold (because it has no income stream), the very solid historical connection between negative real interest rates and rising gold prices gives us comfort in buying gold. It will be very interesting to see what happens when interest rates start to rise. They also talk about the relationship between the gold price and debt levels.