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, August 16, 2013

India : The Gold Clampdown On Imports continues

India Big Gold Clampdown: Fresh Curbs On Imports . The gold clampdown continues with the RBI again tightening norms for gold imports, which touched 6 lakh kilograms this year. It now needs 100% upfront payment for all gold imports and has banned import of gold coins. Bloomberg TV India speaks to Radhika Rao, Group Research at DBS Bank, and Jonathan Barratt, MD of Commodity Broking Services, about the possible impact of these curbs and where gold is headed.

Gold and Silver blog