GOLD
Posted: Sun Nov 08, 2009 8:47 pm
Who here is buying gold trought their forex broker?
I am extremely bullish for long-term.
- USD inflation will come trought, many countries are dumping it from their banks.
- we are seeing a disconnect betwen the Gold and the currencies, reverse movement on the USD for example is not affecting the metal's price like before
- India just bought 200tons from the IMF, they paid premium price because of the many bids from other countries = extreme bullish
For those who still have money in the bank, I believe this is a move to make. Physical gold is also the preferred option. https://online.kitco.com/bullion/completelist.html
I am extremely bullish for long-term.
- USD inflation will come trought, many countries are dumping it from their banks.
- we are seeing a disconnect betwen the Gold and the currencies, reverse movement on the USD for example is not affecting the metal's price like before
- India just bought 200tons from the IMF, they paid premium price because of the many bids from other countries = extreme bullish
For those who still have money in the bank, I believe this is a move to make. Physical gold is also the preferred option. https://online.kitco.com/bullion/completelist.html