On The Other Hand, Wouldn't Now Be A Great Time For The IMF To Sell Gold.

TYHEE GOLD CORP

(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

BAIRES2

Rank: President [?]

Points: 49091 [?]

Votes: 152 Score: 3.7 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

On The Other Hand, Wouldn't Now Be A Great Time For The IMF To Sell Gold.

in response to

Re: Gold In a Bubble? A Fear Preventing Some (Dumb?) From Buying.

silverharp

posted on Mar 10, 2009 02:58AM

On The Other Hand, Wouldn't Now Be A Great Time For The IMF To Sell Gold.

With so many weighting the buy side of the balance to buy gold now, wouldn't this be a great time for the IMF to be selling gold in the expected next leg up into the $1000 plus range?

Jim Rogers said yesterday on Bloomberg that if they did sell their gold, that'd be great since they're the last to have most of the gold that may want to be sold now. Saying that following a big IMF sale, there'd be little left that would be up for sale...then the gold price would rise dramatically (I've paraphrased him).

Baires

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Please to post a reply