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
Receive these posts via email :

Monday, October 7, 2013

Gold price is ‘bound to go through the roof’

GOLD bulls have had it rough this year but many would have found solace in the Precious Metals Round Table web-based conference call and presentation held recently by Sprott Asset Management.
About 6,300 participants logged on to listen to speakers like investment "guru" Marc Faber — publisher of the Gloom, Boom and Doom Report — and Toronto-based Sprott chief investment strategist John Embry, a regular keynote speaker at gold conferences.
The bottom line? Hang on to your physical gold and gold shares because the point is fast approaching when the gold price is going to explode.
That prediction is, of course, completely at odds with what has actually happened in the gold market this year, where the price has plunged from about $1,700oz to $1,200oz, before recovering marginally to just above $1,300oz.
http://www.bdlive.co.za/markets/2013/10/07/gold-price-is-bound-to-go-through-the-roof

Gold and Silver blog