Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: gold$10k who wrote (15608)	2/25/2010 6:08:25 PM
From: Wade	Read Replies (1) of 48092

I still need help to find this recent article( may be 2-3 weeks old), which speculated that the reason why Chinese didn't buy gold from IMF during the 1st round auction was that they refused to lease it out because it was the condition from IMF. But, Indian Central bank went for it. I didn't know what to say about it when I read it. I found another article last night: gata.org It wrote about this comment from an Indian banking official: "So, despite the interest being very low, gold is a safe bet," the official said, referring to the low returns the bank receives through custodians for lending out some its gold. Now, suddenly Chinese wanted to buy gold from IMF in open market, which starts ringing bells to my ears. This is got to be an interesting spin. LOL

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