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[Most Recent Quotes from www.kitco.com]

[Most Recent Quotes from www.kitco.com]





Mints coin it as consumers scramble for gold

Alex Stanczyk (April 6th, 2009) Writes:

Alex’s Notes: Do not take this as “everyone” is buying gold. Very few are. the fact is, the gold market is so small, that 1% of what is in equities and other paper instruments would cause the price to absolutely skyrocket to clear the market.

One thing I have noticed over my time being involved in the gold industry: Anytime that it seems the gold price is about to seriously break out, there is an announcement of an intention to sell IMF gold. The funny thing is, that gold will never see the streets, as it will instantly get bought up by a Central Bank.

It usually does however, have the effect of temporarily pushing the price down. Oh how easily the sheople are duped.

*****

Mon Mar 30, 2009 9:27pm EDT

By Sarah Marsh and Jan Harvey

VIENNA/LONDON (Reuters) - In the heart of Vienna in a Biedermeier building commissioned by Emperor Franz I,

...

Mints coin it as consumers scramble for gold

Alex Stanczyk (April 6th, 2009) Writes:

Alex’s Notes: Do not take this as “everyone” is buying gold. Very few are. the fact is, the gold market is so small, that 1% of what is in equities and other paper instruments would cause the price to absolutely skyrocket to clear the market.

One thing I have noticed over my time being involved in the gold industry: Anytime that it seems the gold price is about to seriously break out, there is an announcement of an intention to sell IMF gold. The funny thing is, that gold will never see the streets, as it will instantly get bought up by a Central Bank.

It usually does however, have the effect of temporarily pushing the price down. Oh how easily the sheople are duped.

*****

Mon Mar 30, 2009 9:27pm EDT

By Sarah Marsh and Jan Harvey

VIENNA/LONDON (Reuters) - In the heart of Vienna in a Biedermeier building commissioned by Emperor Franz I,

...

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