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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Tuesday, October 1, 2013

Rising US Interest Rates Will Be Negative For Gold -- LBMA Delegate



Kitco News' Daniela Cambone speaks with Gerhard Schubert, Head of Commodities for Emirates NDB, about the current state of the gold market and what he expects to see in the coming months. "Gold is in no man's land," he says. "If you are long, there's no reason to sell. If you aren't, there is not a lot of reason to buy it unless it breaks $1,425." According to Schubert, the physical markets have remained strong and helped stabilize the yellow metal. "We do think gold will have another go towards $1,525 before the end of the year," he added. Tune in now for more LBMA coverage. Kitco News, October 1, 2013.

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