April 28, 2009 Mid-Day Metals Review "Swinglines"

The significance of the IMF-RBI gold sales

Much has been written in the last two days about the surprising purchase by the RBI (Reserve Bank of India) of some 200 tonnes of gold bullion, valued at about $6.7 billion, from the IMF (International Monetary Fund).Is this really a significant event?Judging by the price of gold since the... Continue Reading

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