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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Wednesday, September 9, 2015

Gold Slides Sharply Lower, Hits 4-Week Low

Gold prices slipped late Wednesday, flirting with the $1,100-an-ounce level and trading at its lowest point since August 11. The move marked a fresh four-week low, with Comex December gold futures last down $16.70 at $1,104.30 an ounce. ‘I think you probably will see some buyers here pretty soon – we have established a new range which is about $1,070-$1,080 up to about $1,140. The market itself is getting tighter and tighter and getting ready to make a much bigger move,’ said Todd ‘Bubba’ Horwitz in an interview with Kitco News. Silver was also struggling with December Comex silver down $0.17 at $14.585 an ounce. Horwitz noted that silver is his current trade of choice. ‘I would be a buyer of silver, knowing it can go a little bit lower – but knowing it can go back to $17 -$18, silver is an asset you want to own here.’ Bubba also comments on mining stocks and why he thinks investors could find great bargains at these lower gold stocks prices. Kitco News, September 9, 2015.

Gold and Silver blog