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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Thursday, November 28, 2013

Malcolm Gissen ~ Gold Under Pressure Next Year -- MMIC13 San Francisco

Continuing Kitco News' coverage of the 2013 Metals & Minerals Conference, Daniela Cambone caught up with Malcolm Gissen of Malcolm H. Gissen & Associates to discuss gold. "Our view on gold changed about a year ago. We had been pretty optimistic about it but then we became realistic," Gissen says. "We think long-term gold will do well but for at least for the next year we think it's going to be under pressure." Although Gissen says that the fundamentals support higher gold prices, he thinks investors are more comfortable buying large cap domestic stocks now. "I'm optimistic on the US economy. I think it is major concern is congress," he adds. Watch now to hear more of his thoughts on the metals and the economy. Wishing you a Happy Thanksgiving! Kitco News, November 28, 2013.

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