gold price may avalanche, page-163

Skol,
I have to say your half right - I think the great crash is occurring in fiat currency - hence gold and other commodities rising.

"Gold is rare' LOL, there's about 165000 tonnes of it on earth and it's being added to at the rate of about 2600 tonnes per year."

It has been estimated that all the gold mined by the end of 2009 totaled 165,000 tonnes. At a price of US$1900/oz., reached in September 2011, one ton of gold has a value of approximately US$60.8 million. The total value of all gold ever mined would exceed US$9.2 trillion at that valuation.

The total value of all the paper money and bonds in the world is about $100 trillion. - only 9.2% backed by gold - if you take the swiss franc backed by gold reserves at a minimum of 40% ------

Gold should be at over $8000 p/oz.

or a gold standard currency its $19k p/oz