Thread: Gold Buying
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Old 17.08.2010, 10:33
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Taichief Taichief is offline
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Re: Gold Buying

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what you forget is that 68% of individual gold purchases are made by tin-foil hat wearers who fear gold confiscation and the meltdown of the financial system and so owning an IOU on gold makes little sense whereas owning physical gold does.
this is what happened when the IMF tried to stop the rising price of gold by selling off 200tonnes!!....it was snapped up in one purchase by India........
http://www.nytimes.com/2009/11/04/bu...bal/04imf.html

didn't realise the alu barnet was so popular in the colonies...