imf plan for gold on wednesday?
 

http://www.stockhouse.com/Columnists...-for-real-Thom


worth reading, where do you stand? this might be a counter measure for calls on comex deliveries. let's hope massive calls for delivery ko's them.

Re: imf plan for gold on wednesday?
 

That's how they operate. The prices drop and 'guess who' with deep pockets buys it all up? I think any deflation in the price of gold will be temporary as I don't see how the govt can escape hyperinflation and dollar collapse which will send gold prices soaring. If they are doing this now then the guys who want the gold must conveniently know that economically much worse stuff is in the pipeline. Gold is security and they have the power to get it at the best price before shtf. I think it's all another ruse.

Re: imf plan for gold on wednesday?
 

Absolutely great reading and of course the price of gold will crash if they announce to dump all their gold in short time.

On the other side a clear proof, that the heavily manipulate markets and there are enough smart investors, having enough pocket money and looking forward buying up 3000 tons worth roughly USD 75 billion @ USD 777/oz.! It will take a while to buy this up....lets say a couple of weeks....

If they really dump that gold you can be sure that the next big move up in gold will be dramatically. I do not agree, that gold will fall below 600 forget this....

greetings, silverman

Re: imf plan for gold on wednesday?
 

Guess we'll find out if this is true very shortly.

Plenty of Gold bouliion for sale out there. People usually just by the contracts and sell them. Hardly any gold is ever delivered. Rumors on this board about hoarding, from what I can tell by looking around, are overblown. The price hit a high in Oct/Nov but its down almost $10/oz. since then.

If you want to buy it and own it go for it. Contracts for purchase should get you delivery by sometime in Jan/Feb(?). Check it out.

Re: imf plan for gold on wednesday?
 

I was thinking of buying some today, but now I'll wait to see, maybe next week. :original:

Re: imf plan for gold on wednesday?
 

Yes! My hope is we all will demand physical gold ownership and not believe they are "holding" our gold, backed with paper and a promise.

Re: imf plan for gold on wednesday?
 

I had a sleep and made my mind again. I can't imagine, they will do this. For more than 10 years western central banks agreed not to sell more than 400 to 500 tons of gold per year.

And now comes IMF and shall announce to drop 3000 tons into the market? If they really do so THEY HAVE TO! Since they need money too and this might be as well to rescue COMEX! These might be the only two reasons.

If they really drop it by ones into the market WE ALL KNOW that they have the clear intention to kill the PM market. I believe one phone call to China and they are more than happy to buy it up immediately.

3000 tons of gold is still pocket money for China.

Greetings, silverman