Wednesday, September 26, 2012
Gold Prices at $1,800 You Ain't Seen Nothing Yet...
A frequent reader of mine wrote in with a question. He asks:With the latest drop in the equity market, presumably because of the U.S. debit, why doesn't the Federal Reserve sell off some of its gold reserves? I understand that it has +/- 7,000 tonnes in stock. Could it not also settle its debts with China where the demand for gold is on the rise?Am I correct in saying that everyone who is reputed to be in gold decided to sell at the same time there is not enough gold in stock to meet all
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