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Re: IMF to KILL GOLD DEAD!
This has been in the works for awhile, they have intended to dump it - that's public knowledge. They had about 400 million tons last year, and India bought about half of it - hence that subsequent spike.Originally posted by Mega View Post
Now they're working on the remainder. If you haven't noticed - gold is making its way East and also into private hands. If there are any large buyers of this latest batch, the purchase will be met with a spike in the price of gold.
Start making phone calls to central banks in Asia and the Middle East... if any of them tell you when they plan on buying, trade accordingly! ;)
And don't forget Brazil, the only "western" potential buyer. -
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Re: IMF to KILL GOLD DEAD!
oooo scare me.
How much gold does china have as a % of fx? 2%??
I'm sure some of the opec members may be good for a ton or two too.
Jtabeb posted this just a few days ago can't find it.Comment
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Re: IMF to KILL GOLD DEAD!
Mike, can you please send them my email? (Before China or -gasp- JT buys it all).Originally posted by Mega View Post
Joke aside; the IMF "sell signals" are always a good buying opportunity/outlook for PMs. Lucky us!Comment
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Re: IMF to KILL GOLD DEAD!
Well that's a relief...when I read your thread title I was sure the IMF had found a way to turn gold into lead...Originally posted by Mega View PostComment
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Warning: Network Engineer talking economics!
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Re: IMF to KILL GOLD DEAD!
It's getting KILLED again today. (to high heaven):rolleyes:Originally posted by Mega View PostComment
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