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
Jim Rogers : “… if Gold gets to $1100 or $1200 or $1300, I would hope I’m smart enough to buy more. I don’t know if it’s going to go there or not. I may buy it at $1850 if war breaks out with Iran. It depends on what happens in the world. What I said was that it won’t surprise me if gold goes down much lower; that’s normal for the way markets work. And if it goes there, I hope I’m smart enough to buy more. But if it goes to $1,550, I would probably buy more. Just depends on what happens.”
“It really doesn’t change my view… as if you think some government statistics — which are wrong at late — would affect anything in my investment world. No, I don’t even know or pay attention to such things.”
“… since China doesn’t publish too much about it. But I know that China has got a campaign encouraging the Chinese citizens to own gold. I know shops have sprung up everywhere. And the good banks are now offering gold everywhere. So there’s been a huge change in China in the past five years. And whatever they’re producing, I presume most of it they’re selling to themselves. They know that gold consumption has gone up a lot in China. They claim that they’re the largest producer of gold in the world now. I have no reason to doubt that claim. Lots of dramatic changes have taken place in China versus gold in the last few years.” - in ETF Daily News
Peter Schiff : "
The bottom line here is gold is headed much higher and the next big move in gold will be up. People who speculate are betting on a huge drop in gold. That’s what the gold stocks are forecasting. They are forecasting a precipitous decline." - in Kitcomm
"Most Favorable Era For Gold Prices In Our Lifetime " So states Simon Black aka "The Sovereign Man" , who travels the world (over 20 countries in the past 3 months) in order to assess and report on the investment and lifestyle opportunities offered by various international destinations for the readers of his blog, Simon Black (aka the International Man) wrote, I have been spending a lot of time this week talking to my sources in China, one of whom is inside one of the countrys sovereign wealth funds (SWF). He also indicated that the SWF analysts were working around the clock trying to put deals together.
For China it is a race against the clock for how fast they can convert their $2 trillion in USDollar holdings into strategic assets, namely oil and gold. At todays deflated prices, putting together a really good billion dollar deal is a difficult thing to do. Putting together 2000 of them is impossible. Doing it before the dollar collapses? Not a Chinamans chance. And they know it.
"I want a market economy," says GOP presidential candidate, Ron Paul " what I want is a market economy. I don't want the dependency as a matter of fact, that's the big disadvantage of paper because of the moral hazard. if we get into trouble, we always know the lender of last resort. it was set up for that reason. the lender of last resort gambled , do anything, take risks, the government's insurance. so they get into trouble. but if they get into trouble, they shouldn't come and rescue the economy. they shouldn't be bailing out general motors in these trillions of dollars in both the fed and congress, that was set up. And i complained about that for ten years. you know, this line of credit of fannie mae, freddie mac. and they overdo things. they overinvest. a lot of times they talk about the inflation, about the price level. But really the biggest problem with inflating the money supply and giving you artificially low interest rates is the mal investment..."
Jim Rogers "I would buy gold if prices fall to $1,100 or $1,200 an
ounce. A pullback of this magnitude is normal." "It's extremely unusual
for any asset in history to move higher for 11 straight years,"
"That's why I expect the recent correction in gold to continue."
China decided recently to widen its currency trading band by widening Yuan Trading Band this will cause a strength in the dollar and a weakening of the gold prices says Phil Streible , with China slowing down it is going to cause a downdraft in the gold market that's what we have already started to see as China's GDP figures starts coming off the 10 percent to 8 percent he says , this definitely has an impact on the gold market
John Embry - Goldseek Radio - April 12, 2012 : John Embry from Sprott Asset Management shares his highly optimistic perspective on gold and silver. GoldSeek Radio's Chris Waltzek speaks candidly with John Embry from Sprott Asset Management, about 2012 fundamentals and the gold Market.They talk about how the price of gold will react in another market meltdown, similar to 2008, and whether there will be a sell-off. They conclude that this time the flight to safety will be more important than the rush for liquidity and that gold is uniquely placed to act as a safe haven, especially with T-bills and other traditional safe assets discredited by US debt issues.
Peter Schiff : "Gold has been holding steady in the the US$1,600-US$1,800 band since early October. This could be attributed to consolidation after last summer's historic run up to $1,895, but I think this wait-and-see attitude reflects current market sentiment toward the US dollar.
In fact, the first few days of April have seen a sharp dollar rally and decline in gold. This is rooted in deflated expectations of a third round of Quantitative Easing (QE3) after the most recent Fed Open Market Committee (FOMC) meeting. Once again, the markets are responding to the headlines while losing sight of the fundamentals." - Peter Schiff wrote in a recent article in in Business intelligence Middle East and in an interview with gold seek radio he said that Gold is most likely to see new highs before the end of this year of 2012
Legendary Investor Jim Rogers said at a conference in Bucharest on April 04, 2012 “I expect the price (of Gold) to decline and when that happens I will buy more,” Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
Germany Recovers Gold and Silver from Computers , Cell Phones and other Electronic Scraps . This is a very profitable Business .Gold is one of the best conductors of electricity. It is used in all high tech electronics.
Have a computer too old to sell? A hopelessly dated phone? Don't just toss them into the garbage, where they will leach toxic materials into the soil and water. Recycle them.