Gold - Worldwide escape from the dollar continues

Thursday, February 09, 2012




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Worldwide escape from the dollar continues

Wednesday, November 25, 2009
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By Daily Crux Editor Justin Brill:

India - whose central bank recently bought half of the 400 tonnes of gold the International Monetary Fund had offered for sale - has indicated it may now buy the remaining 200 tonnes. It is open to making additional purchases in the future.

We don't know where gold is going tomorrow, next week, or next month - but the trend of large gold purchases by foreign countries has clearly begun, and it should help put a long-term floor under its price.

Read full article...

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Topics:		Gold \| India \| Commodities

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