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, October 4, 2012

Marc Faber : The Sky is the Limit for Gold Price

Marc Faber : I think we peaked out at about a year ago where the gold went to $1,921 and then corrected.

Currently it's above $1,700. I think in the near term, we could see some correction. I do not know how high the gold will go.

Whether it will go to $2,000 or $20,000 I do not know precisely. In the event of systemic failure, it can go higher and higher.

You will have to ask (Fed Chairman Ben) Bernanke and (European Central Bank chief Mario) Draghi precisely on how much money they will print. The sky is the limit.

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