Wednesday, November 4, 2009

India Buys Gold From IMF

This is an important development- the IMF sells some of its gold to India, and the price of gold goes up!
What? Everyone has been speculating that the IMF dumping their gold reserves on the market represents a huge risk to gold investors. Then when it actually happens, gold goes up? What gives?

http://seekingalpha.com/article/170940-india-s-gold-grab-boosts-metal-s-price?source=email

No comments:

Post a Comment