Friday, July 8, 2011

silver 2 b new currency: not enough gold

silver 2 b new currency: not enough gold

There is less than 1 oz of gold per person globally, not enough for it to be much of a currency.

The new China gold and silver exchange demonstrates this point.

It opens up the gold market to over 1 billion people in a world populated by over 7 billion people and less than 5 billion ounces of gold.

It also opens up the silver market to a world populated by about 24,000 ounces per person.

So look to small, thin, portable, easy to use silver coins as most of the new currency.

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