REPORT COPYRIGHT VIOLATION IN REPLY
|
Message Subject
|
Europe's central banks halt gold sales - Financial Times
|
Poster Handle
|
Anonymous Coward |
Post Content
|
Okay, gold and silver prices are slightly down.
How does that happen?
Central banks always get it wrong. That's a pretty decent rule of thumb for investing.
George Soros made a fortune backing the market against the Bank of England, back when the pound dropped out of the ERM. Then later Gordon Brown sold off half Britain's gold reserves - the price of gold promptly started rising, and has continued to do so ever since.
Now the central banks have stopped selling off gold. That's a pretty good indication that the price of gold is about to drop like a stone.
Quoting: Anonymous Coward 896179ARE YOU ON DRUGS ??
|
|
Please verify you're human:
|
|
Reason for copyright violation:
|