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
Tuesday, December 3, 2013
Gold Headed Lower
Gold continues to slide and Greywolf's Chief Technician Mark Newton thinks it could fall further.
While speculators may sell. I suspect that people who bought gold for insurance will not sell (almost regardless of price).
ReplyDeleteI am also wondering what percent of the gold decline is due to manipulation of paper speculation vs. actual demand for the physical metal.