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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.96-1.8%Nov 14 4:00 PM EST

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To: Cogito Ergo Sum who wrote (60676)2/4/2010 9:52:24 PM
From: TobagoJack  Read Replies (1) of 217825
 
indian politicians took in a lot of scrap gold before they closed the deal with imf for the sovereign buy averaging 1047

sovereigns wanted the gold

russia played too many games

china asked for small discount

india jumped the gun on both

given the dynamic, my guess is that all physical gold are welcomed somewhere at prices south of 1047. maybe 1k is the magic number.

no matter, chump difference for parachutes on the doomed monetary plane.

central issue: debt
key point: gold is immutable and eternal money
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