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Interesting short article on US move to allow more IMF gold sales

WeissWeiss Posts: 9,935 ✭✭✭✭✭
in Precious Metals
The market shrugged.
We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
--Severian the Lame

Comments

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    The senate still has to approve the bill. While they didn't get any reaction today, I'm sure when the gold sale is actually announced and some is actually sold, it might be good for tiny swing in the price of gold even if all the sales go to Central Banks. Like the gold sales of the 1970's, this will actually be a boost for gold longer term.

    raodrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • MrOrganicMrOrganic Posts: 1,366
    .......with todays market it could swing either way!

    I am disturbed also this isnt bigger news
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  • ProofCollectionProofCollection Posts: 5,381 ✭✭✭✭✭


    << <i>.......with todays market it could swing either way!

    I am disturbed also this isnt bigger news >>



    Possibly for the same reason that the 2 guys found carrying billions in treasury notes seemed to miss the news as well.
  • MrOrganicMrOrganic Posts: 1,366
    So very true!!!!!!!
    Singapore & Hong Kong March/April
    Hong kong/Long Beach JUNE Table #838
    MACAU
    emgworldwide@gmail.com
    Cell: 512.808.3197
    EMERGING MARKET GROUP
    PCGS, NGC, CCE & NCS, CGC, PSA, Auth. Dealer
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