gold, page-9403

Hi Roundtable and all,

Many thanks for your kind words; I don’t find your figures unreasonable although I dare say some will. Maybe one day the Gold price will adjust for the amount of paper money that has been printed into existence since 2008. When Nixon closed the Gold window in August 1971 it was only US $35.00 an ounce so that’s an increase of a factor of 37 in 45 years!

By the way during those 45 years they had not progressed the money printing process to anything like 2008 and onwards and the US debt clock did not require Nickel Cadmium batteries!!

If you look at the numbers in the two bottom right hand corners of this clock you will find a comparison to annual Gold production to M2 (money printed) for 1913 and today.

I wonder if that $8,124.00 number is telling us something.

http://www.usdebtclock.org/

That top left figure is also quite impressive when you consider it was only 10 Trillion back when Mr Obama took the keys to the White House!

Bear in mind it took from 1492 to 2008 for the US debt to reach $10T and only eight years for Mr Obama to double it. If they get Hillary behind the wheel they may double it again in a couple of terms and we could see the DOW at 40,000 and few more souls on food stamps!

Cheers and very best regards: Andy