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


To: energyplay who wrote (55251)9/21/2009 5:53:58 AM
From: TobagoJack  Respond to of 217678
 
agreed, drama, either way, and fascinating only to a few, the aware, faithful, or otherwise mesmerized



To: energyplay who wrote (55251)9/21/2009 6:37:51 AM
From: TobagoJack  Respond to of 217678
 
imf is supposedly selling gold to help the poor and more probably to help the newly poor

china can ostensibly buy the gold to help the same poor, or more likely, the newly rich

transfer of gold can be seen as a win win win for all, the poor, the newly poor, and the newly rich :0)



To: energyplay who wrote (55251)9/21/2009 2:22:27 PM
From: RJA_2 Recommendations  Read Replies (1) | Respond to of 217678
 
>>What happens if China decides to buy only a little or none of the IMF gold ?

IMHO:

As long as done under rules per the CB gold sales agreement (which this sale has been described as being under), max 400 tons/yr for all CB's and IMF, this is actually less gold sales than the prevous two 5 yr agreements limit of 500 tons annually.

See POG chart for how market handled those sales.

And if China does buy it, well, better.