Thread: Gold Buying
View Single Post
Old 17.08.2010, 10:33
Taichief's Avatar
Taichief Taichief is offline
Join Date: Jul 2009
Location: Aargau
Posts: 120
Groaned at 13 Times in 9 Posts
Thanked 32 Times in 16 Posts
Taichief has no particular reputation at present
Re: Gold Buying

View Post
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!! was snapped up in one purchase by India........

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