![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
IMF going to sell of gold, will China buy it?
Today the IMF announced that it will sell off one-eighth of the agency’s gold reserves, without disrupting the gold market. Both this report and a sharp rise of the US dollar made gold drop below the $ 1000 mark again. The price picked up again after it became clear that China is considering to buy it!
What really amazed me was the fact that the gold price did not drop below the $ 950 mark after the first report. 403 Tons of gold is a hell of a lot of gold! The news that China jumped in within hours did not surprise me at all. The Chinese really want to get rid of their soon to be worthless dollars don’t they?
[...] bank of India for. They bought the gold the IMF was selling, we wrote about this in a previous post. So after 50 years of gold selling by central banks we now see them buying again (in an other part [...]
Great post thx!
Great. Now i can say thank you
I bookmarked this link. Thank you for good job!
I thought it was going to be some boring old post, but I’m glad I visited. I will post a link to this page on my blog. I am sure my visitors will find that very useful.
Resources like the one you mentioned here will be very useful to me! I will post a link to this page on my blog. I am sure my visitors will find that very useful.
Couldn?t be written any better. Reading this post reminds me of my age abide cohort! He ever after kept talking there this. I intention foster this article to him. Fetching definite he pass on be experiencing a company read. Thanks over the extent of sharing!
Should I invest in gold now? Price of gold rised again. Do you think it will rise more?
I had long been seeking pretty much everywhere for the actual acknowledged cash my gold program and yet had substantial hardship locating it. In the end I found this gold selling online site which was everything I needed! .. Sell Gold Scrap