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…
Entries Categorized as 'Gold'
RBI Buys 200 Tons Of Gold From The IMF
November 8, 2009
Gold is a Reasonable Investment: GW
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
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…
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