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Tuesday, 3 November 2009

Gold ever upwards

I note that
"Gold jumped to within 0.4 percent of its peak after the International Monetary Fund sold the metal for the first time in nine years and as investors sought an alternative to a weaker dollar.

Gold futures in India and Dubai surged to records today after the IMF said it sold 200 metric tons of bullion to the Reserve Bank of India for about $6.7 billion. The Washington- based lender agreed in September to sell 403.3 tons of gold as part of a plan to shore up its finances and lend at reduced rates to low-income countries. "
I believe I did forewarn you...

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