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R[b]eport: Germany’s Bundesbank Set to Announce Major Gold Purchase, India and China to Announce Additional Purchases of Gold
(Russia Today) Interviewed today by the Russia Today channel about problems in the world financial system, international journalist Max Keiser remarked that sources at Germany’s central bank, the Bundesbank, have told him that the Bundesbank is about to join other central banks in announcing gold purchases. Germany will be annoucing a new gold purchase, while China and India will be annoucning additional purchases with more countries likely to follow suit. Keiser also notes that the US dollar is no longer the “safe haven” it has been in the past, noting that any upticks are small and short-lived. He attributes these upticks only to its legacy as a reserve currency. You can watch the interview here:
Related:
Gold at $10,000 an ounce? 10 reasons it could happen within the next 12 months…
Gold breaks $1,195 ounce…It’s not just India or China…everybody is looking at how much money they will invest in gold
The Case for Gold in One Simple Paragraph – Update
Standard Chartered says there are no sellers of Gold right now, only buyers
Back to the Poorhouse for China: Relatively Miniscule Amount of Gold and Facing Huge Losses on Dollar, Ex-PBOC Adviser
How much longer can gold rise? Is it in a bubble? Is the trade too crowded?
Is Gold Really in a Bubble? Gold vs S&P 500 Chart
Gold Scarcity:
World Gold Supply Runs Out, Barrick Shuts Hedge Book, Gold Prices to Skyrocket now that “Peak Gold” has been reached
On Central banks bailing out of the dollar and buying gold:
India to Buy Remaining Hoard of IMF Gold as Central Banks Scramble to Exit Fiat Currency
Goldman Sachs: Central Banks are becoming Net Buyers of Gold
Russia, India, Sri Lanka beat China to the Punch, Bailing on US Dollar and Buying Gold…Physical Gold Scarce
Gold ends up on continued Central Bank interest, near record…
Now Comes Russia: Ditching the Dollar and Buying Gold…the Gold Grab is on
Gold Grab Continues Sri Lanka Buying Gold ‘To Diversify Reserves’
Contemplating India’s Gold Purchase, Look for China to Come in Next
The Great Gold Grab Continues: India beats China to the Punch and Buys IMF Gold to Boost Reserves as Dollar Drops
Gold shines as central banks scorn greenback
Tiny Mauritius Next Country to Buy Gold to Diversfy out of Fiat Currency
Russia Adds 15 Tons of Gold in October to Add 30 More Tons by Year End
On the Dollar:
The Demise of the Dollar. What the Greatest Investors in the World Say. The Definitive Guide on the Race to Debase Currencies, Dollar Devaluation and Gold
This entry was posted on Friday, November 27th, 2009 at 8:33 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
