Who are you going to sell it to at a higher price?
I dunno. The IMF maybe?
Here is some trading guidelines I snitched straight out of their website..
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imf.org
The IMF's policy on gold is governed by the following principles:
As an undervalued asset held by the IMF, gold provides fundamental strength to its balance sheet. Any mobilization of IMF gold should avoid weakening its overall financial position.
The IMF should continue to hold a relatively large amount of gold among its assets, not only for prudential reasons, but also to meet unforeseen contingencies.
The IMF has a systemic responsibility to avoid causing disruptions to the functioning of the gold market.
Profits from any gold sales should be used whenever feasible to create an investment fund, of which only the income should be used.
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i.e.
Those "ponzidaq.bet" bagholder bankers have 3217 metric tons of the stuff for some reason. -G-
Meanwhile.... we have highly valuable USD's. No ponzi scheme there, just ask the Chinese.
The World’s Biggest Ponzi Scheme
kitco.com
/snippet
In the past five years, the world economy has grown the fastest since World War II. We believe the trend is only going to continue, if not accelerate due to the free-flow of excess capital and uneven distribution of global wealth. Long term equity bears should reassess their bearish position.
We like gold because of its international status as money. Gold has survived the test of time like no other form of money has. While we are bullish on gold strictly because it is undervalued relative to current copper and oil prices, we are not married to it, as we anticipate the pendulum will swing the other way as gold eventually becomes overvalued relative to equities, real estate, and other commodities. By then it will be time to make a switch. As Warren Buffet puts it succinctly, the rule of successful investing is “Buy Low, Sell High”.
/end snippet
See? no "ponzi scheme", just the 'ol usual buy low sell high. Take your lead from Warren. |
