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SPDR GOLD TRUST ETF (GLD) 112.94 green arrow $0.64 (0.57%) 04:57AM (15 mins delay)


The Significance of the IMF-RBI Gold Sale

Nov 05, 2009 - 3:52 AM EST

Tim Iacono submits:

Much has been written in the last few 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?


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Source: Seeking Alpha (Nov 05, 2009 - 3:52 AM EST)



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