Wall Street King and Commodity Legend Jim Rogers Jim Rogers, chairman of Rogers Holdings, said he is concerned some institutional gold reserves may be sold , namely the IMF gold stocks...
“I own some gold, but I am not buying at the moment because the IMF, which is one of the largest owners of gold in the world, is desperate to sell its gold,” Rogers said in an interview with Bloomberg radio this morning “I’m not selling my gold.”
The IMF “is trying to get permission from everybody,” Rogers said. “If and when they sell their gold, they may set a bottom. Who knows? It may go down to $700. They got a lot of gold to sell. If it does, I hope I’m brave enough and smart enough to buy more.”
If the IMF sell it,than it shows how desperate they are and the chinese will buy it all. Bad dollars for good Gold.
ReplyDeleteShould we buy some puts in Gold???????
ReplyDeleteYou can point to someone else as to what to do, but there are always three fingers pointing back at you.
ReplyDeletewhy is the IMF selling it's gold reserve?
ReplyDeleteFunny thing is, the IMF's gold won't even see the market HAHAHAHAHAHA!
ReplyDeleteI would be interested in comments about the IMF selling its physical gold and then trying to create electronic gold with iron-clad guarantees so that it controls the new wealth. Adrian Salbuchi mentions this in the "Global Financial Collapse" videos.
ReplyDeleteSalbuchi Part 1
www.youtube.com/watch?v=UlDNMB6wYmI
Part2
www.youtube.com/watch?v=78ddURofMWs