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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (175087)9/19/2009 1:47:07 PM
From: tyc:>  Read Replies (1) | Respond to of 314136
 
>>"and selling it today for four times that."

To whom ? If governments sell gold to the public, they are in effect reducing the public's cash holding. Their strategy has been the opposite; i.e. to increase the supply of money in circulation.

The IMF plan to sell gold is different. It will raise cash which will they will supply to needy nations, whose propensity to spend is greatest. It will be stimulative to world economies, I think.


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