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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Sunday, July 21, 2013

Gold and cost of production

I discuss how people are talking about if gold falls below the cost of production, then there should be a bottoming out in gold. This is only TRUE if the economy is still growing (using the phony GDP numbers). If you get a 2008 story again, all bets are off.

Gold and Silver blog