Entries Categorized as 'Gold'

Futures and Options on GoldBEES

Date April 26, 2010

NSE is introducing Futures and Options on the Gold ETF – GOLDBEES – from April 30. This is quite interesting because no commodity has options on them in India, so in a way this is a first. If you are long Gold, for instance, and are only minorly bu…

RBI Buys 200 Tons Of Gold From The IMF

Date November 8, 2009

The Reserve Bank of India has bought 200 tons of gold from the IMF. The deal was done around $1045 per ounce, which means they’ll pay a little less than $7 billion for it. The IMF had announced that it would sell around 400 tons of gold – that’s 400,00…

Gold is a Reasonable Investment: GW

Date September 29, 2009

George Washington writes in at Naked Capitalism on whether Gold is a Reasonable Investment.

It’s an excellent compendium of links, articles and opinion on Gold. Some points:

Gold, considered a hedge against inflation, does well in deflationary envir…

IMF wants to sell 408 tons of gold, China’s thinking of buying

Date September 21, 2009

IMF plans to sell 12.5% of its gold reserves, 403 tons worth:

The International Monetary Fund has approved a sale of 403 metric tonnes of gold reserves, in a move likely to raise $13bn (£8bn) of cash to replenish its coffers for lending to low-income…