IMF to sell 403 tons of gold

kidflash2008 · 09-20-2009, 11:22 AM

If anyone here wants to buy gold, I would suggest waiting. The price will drop when the IMF sells 403 tons of gold to help their lending capabilities:

http://rawstory.com/08/news/2009/09/...-tons-of-gold/

Gold should drop in price because of that news. When it hits a low, then buy the metal.

empirez · 09-20-2009, 11:59 AM

Reply : Mr David Icke says that there soon will be another economic collapse, in some 3-4 months ahead , that will totally dwarf the last one , that might be decling right now. The goverments have spent all their reserves on this last collapse, and will be utter helpless when this terrible and titanic economic catastrophe will be upon us. Sounds like doomsday in my ears... Does anyone have an opinion about this ?

kidflash2008 · 09-21-2009, 10:21 AM

Many governments (except third world countries) do not use the gold standard anymore. That is one of the main reasons inflation (or currency devaluation) exists.

The way to stop an even bigger down turn is to re-regulate the finance industry. They have carte blanche on what they are allowed to do.

I favor bringing back the gold standard so our currency can be worth something.

09-20-2009, 11:22 AM	#1
kidflash2008 Senior Investigator Join Date: Sep 2008 Posts: 1,699	IMF to sell 403 tons of gold If anyone here wants to buy gold, I would suggest waiting. The price will drop when the IMF sells 403 tons of gold to help their lending capabilities: http://rawstory.com/08/news/2009/09/...-tons-of-gold/ Gold should drop in price because of that news. When it hits a low, then buy the metal.

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09-21-2009, 10:21 AM	#3
kidflash2008 Senior Investigator Join Date: Sep 2008 Posts: 1,699	Many governments (except third world countries) do not use the gold standard anymore. That is one of the main reasons inflation (or currency devaluation) exists. The way to stop an even bigger down turn is to re-regulate the finance industry. They have carte blanche on what they are allowed to do. I favor bringing back the gold standard so our currency can be worth something.