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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (16030)3/27/2007 1:27:11 PM
From: TobagoJack  Respond to of 218535
 
<<yellow metal still makes up a significant portion of the total foreign reserves of certain central banks, according to IMF statistics>>

... IMF is wrong, as Greater China + Japan + Korea holds north of USD 2.5 trillion of forex reserve, and golbal CB gold hoard pale in comparison.

Unless IMF is valuing gold differently, and at a substantial premium to the current inexpensive physical gold market, made cheap due to unlimited fire power of the paper gold market.