Au @ 700......
Moderator: Super Moderators
If this keeps up, I'll trade gold for salt - lots of salt.
IMF Sells Gold to India
Nov. 3 (Bloomberg) -- The International Monetary Fund sold 200 metric tons of gold to the Reserve Bank of India for about .7 billion, its first such sale in nine years.
The transaction, equivalent to 8 percent of global annual mine production, involved daily sales from Oct. 19-30 at market prices and is in the process of being settled, the IMF said in a statement yesterday. The average price to India, the biggest consumer, was about,045 an ounce, an IMF official said on a conference call. Gold for immediate delivery gained 0.2 percent.IMF Sells Gold to India
Nov. 3 (Bloomberg) -- The International Monetary Fund sold 200 metric tons of gold to the Reserve Bank of India for about $6.7 billion, its first such sale in nine years.
The transaction, equivalent to 8 percent of global annual mine production, involved daily sales from Oct. 19-30 at market prices and is in the process of being settled, the IMF said in a statement yesterday. The average price to India, the biggest consumer, was about $1,045 an ounce, an IMF official said on a conference call. Gold for immediate delivery gained 0.2 percent.
“The fall in the U.S. dollar seems to be pushing all the central banks to strengthen their portfolio with gold,” said N.R. Bhanumurthy, professor at the National Institute of Public Finance and Policy in New Delhi. “Gold is a safe store of value compared to the U.S. dollar.” ...more
“The fall in the U.S. dollar seems to be pushing all the central banks to strengthen their portfolio with gold,” said N.R. Bhanumurthy, professor at the National Institute of Public Finance and Policy in New Delhi. “Gold is a safe store of value compared to the U.S. dollar.” ...more
For if it profit, none dare call it Treason.
-
- Pirate
- Posts: 45448
- Joined: 03-06-2003 03:00 AM
Waiting for 1111
.... Techno Tribal Positively Primal
Shamanic Anarchistic Archaic Revival....
Shamanic Anarchistic Archaic Revival....
Which will come out on top: paper or gold?
"Printing presses have been pumping out dollars and pounds. Little wonder many are seeking a more trusty store of value"
http://www.timesonline.co.uk/tol/commen ... 908789.ece
"Printing presses have been pumping out dollars and pounds. Little wonder many are seeking a more trusty store of value"
http://www.timesonline.co.uk/tol/commen ... 908789.ece
.... Techno Tribal Positively Primal
Shamanic Anarchistic Archaic Revival....
Shamanic Anarchistic Archaic Revival....
$1116.70 Daily Spot Gold
http://www.kitco.com/charts/livegold.html
Gold Advances to Record in London, New York as Dollar Weakens
"spot gold has risen 26 percent this year"
http://www.bloomberg.com/apps/news?pid= ... 8D1fcwbJqo
http://www.kitco.com/charts/livegold.html
Gold Advances to Record in London, New York as Dollar Weakens
"spot gold has risen 26 percent this year"
http://www.bloomberg.com/apps/news?pid= ... 8D1fcwbJqo
Last edited by Janus232 on 11-11-2009 04:08 AM, edited 1 time in total.
.... Techno Tribal Positively Primal
Shamanic Anarchistic Archaic Revival....
Shamanic Anarchistic Archaic Revival....
Vietnam to allow gold imports - central bank
"The State Bank of Vietnam will allow gold imports with a volume sufficient to interfere in the market in order to stabilise the market, combat speculation and prevent an impact on the interests of the people"
http://www.reuters.com/article/hotStock ... 6620091111
"The State Bank of Vietnam will allow gold imports with a volume sufficient to interfere in the market in order to stabilise the market, combat speculation and prevent an impact on the interests of the people"
http://www.reuters.com/article/hotStock ... 6620091111
.... Techno Tribal Positively Primal
Shamanic Anarchistic Archaic Revival....
Shamanic Anarchistic Archaic Revival....
Last edited by Janus232 on 11-11-2009 10:32 PM, edited 1 time in total.
.... Techno Tribal Positively Primal
Shamanic Anarchistic Archaic Revival....
Shamanic Anarchistic Archaic Revival....
Last edited by Janus232 on 11-15-2009 11:33 PM, edited 1 time in total.
.... Techno Tribal Positively Primal
Shamanic Anarchistic Archaic Revival....
Shamanic Anarchistic Archaic Revival....