"In round numbers, the Fed conjures about 55 million fresh dollars into existence every hour. By contrast, the entire world's gold mines only manage to extract about $15 million worth of gold from the earth every hour and US mines only extract $2 million worth of gold per hour. In other words, Ben Bernanke creates US "money" about 27 times faster than US gold mines".
Chris Mayer
for The Daily Reckoning Australia
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how about the ultimate rare earth? - MLM's scandium - mmmm
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- mid-tier gold producer recommendations sought.
mid-tier gold producer recommendations sought., page-27
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