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  • Why the IMF's Indian Gold Sale Matters [View article]
    Seeking Alpha is trotting out articles on the IMF sale to India at a rate of knots, all of them failing to answer one question.
    By what process was it decided that India gets 200 tonnes?
    Dying to know the answer to that one.
    (Hillary Clinton been sticking her oar in round the back somewhere ? Who knows.)

    "I always thought that some of it would be sold off-market, but it was a bit of a surprise that as much as 200 tons had been sold off-market," Bank of Nova Scotia director of precious metals sales Simon Weeks told Reuters.
    And this is someone who works for a bank that does the London Gold Fix twice a day.
    www.lbma.org.uk/assocn...

    Place your bets on who gets the rest.
    Japan? Brazil? Mexico? Saudi? Australia? Iceland?
    Nov 03 18:49 pm |Rating: +3 -1 |Link to Comment
  • India Gold Buy Sets Record [View article]
    People have been squawking about IMF gold sales "manipulating" the price of gold down, for as long as any of us can remember. Well, now the first tranche has been sold, and the p.o.g. has gone....hmmm, can't get my Kitco chart to work.

    It was argued by many, that it was a non story for a quiet day in the news room. And guess what. They haven't got a story for quiet days in the news room anymore.

    Ah well, back to shape shifting lizard stories then.
    Nov 03 14:36 pm |Rating: 0 -1 |Link to Comment
  • As Good as Gold? [View article]
    Your arguments are fraudulent. Cheap lawyers would be embarrassed at your spin.
    Gold, like everything else, needs to be bought and sold at the right time.
    Anybody who bought gold in 1998 would have paid $314.60 tops.Now do your figures.
    Your 1980 figures don't show that March 17th that year was bottom price at $480.00. Compare to Mar 17th this year and do your sums.
    Prices in 2007 went from $836.50 to $608.30.
    Those who traded tulip bulbs at the right time in the 17c made money.
    Dec 23 11:42 am |Rating: +2 -1 |Link to Comment
  • Peter Schiff: Outlook for the Gold Market [View article]
    "Commodities of Mass Destruction" that's a new one on me.
    Love the irony in your comment, shame you haven't been keeping up on current affairs following the stunning victory in Iraq !


    On Dec 22 08:36 PM leemajors1964 wrote:

    > I don't beleive the dollar will be allowed to collapse. The Japanese,
    > Chinese and OPEC are expected to tow the line. I am sure the aggreement
    > with them is well understood. Contrary to what the austrians think
    > the dollar is backed by hard assets-- lead, uranium and plutonium.
    Dec 23 10:23 am |Rating: +3 -1 |Link to Comment
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