India Takes The Gold Bull By The Horns

- November 5th, 2009

Buying 200 tonnes of gold from the IMF, almost half of the 403 tonnes earmarked for sale, India has effectively set a floor price for the desired metal. Where does one go from here? Who will buy next and when? India has shown the way, and charted out a clear path for the road ahead … Continued

Buying 200 tonnes of gold from the IMF, almost half of the 403 tonnes earmarked for sale, India has effectively set a floor price for the desired metal. Where does one go from here? Who will buy next and when?

India has shown the way, and charted out a clear path for the road ahead with its US$ 6.7 billion gold purchase.

Read the rest of this article on Gold Investing News.

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