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IMF threatened to dump 200 tonnes of gold

WeissWeiss Posts: 9,941 ✭✭✭✭✭
in Precious Metals
last night. The result was a stampede away from gold. For about a minute image



IMF to sell 191.3 T of gold
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

  • metalmeistermetalmeister Posts: 4,586 ✭✭✭✭✭
    China or India will soak that up in a New York Minute.
    Compared to U.S. 12 to 30 Trillion of Debt obligations
    (depending who you belive) Gold/ Silver look to only
    higher in the future I.M.H.O.
    Cheers
    email: ccacollectibles@yahoo.com

    100% Positive BST transactions
  • CaptHenwayCaptHenway Posts: 32,128 ✭✭✭✭✭
    I notice that gold is holding its price in dollars even as the dollar is getting stronger.
    I consider that to be a good sign.
    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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