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, December 21, 2012

Marc Faber :I look at Gold as a currency and not as a Commodity

Marc Faber : I look at Gold as a honest currency not as a Commodity , it cannot be manipulated or to a lesser extent by say central banks in the sense that they can't print it , Gold has to be taken out from the earth and there is a limited supply of it and when you print paper money there is more paper money units per ounce of Gold continuously so it's not necessarily that the price of gold goes up but it's the value of paper money that goes down , so I look at it as a currency and not as a commodity ...

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