TSX:LSG.DB - Post by User
Post by
Psalm9012on Oct 21, 2013 11:09am
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Post# 21833322
Adding in Here & Some Gold Perspective
Adding in Here & Some Gold PerspectiveI continue to add under $0.40. Clearly we have turned a corner. Thanks idlefreebird for the frequent updates that has helped keep some of us here. Now we just need the price of gold to hold up. Here's why it likely will:
- U.S. money printing $85 billion PER MONTH
- Value of global gold production $105 billion PER YEAR (2500 tonnes x 32150 oz/tonne x $1300.00/oz)
That' right - in little more than a month, the U.S. prints as much money as the global gold production is worth for a year.
No wonder there are signs that China's physical gold imports are starting to significantly exceed 100 tonnes per month. Notice how they are becoming vocally quite critical of the U.S. dollar recently.
Greg