Real Wealth #249 11/03/2009
Gold Presses $1080 an ounce on news of huge Indian purchase from IMF reserves!
Gold has traded as high as $1080 an ounce today as news hit the market that
“It’s positive in many ways,” said James Moore, an analyst at TheBullionDesk.com in
This Indian transaction is literally the biggest single central-bank purchase that we know about for at least 30 years in such a short period and the only comparable event was the
The IMF’s executive board approved sales of 403.3 tons back on Sept. 18, pledging to avoid disrupting the market. The board last year backed the sale, about an eighth of the organization’s total stockpile, as part of a plan to shore up its finances. Meanwhile
I’m not the only that believes that
I’ve gone on record as stating gold is heading for $1,200 by years end and could run to $2,500 even $5,000 in the next 3 plus years.
If you haven’t added physical gold to your Self directed IRA or to your investment portfolio please don’t wait. Call 1-866-697-4653 one of my gold specialists at Finest Known. They know what I’m recommending and are very easy to work with.
P.S. Another way to play the gold market is to subscribe to my Gold & Energy Options Alert. The track record since inception is nothing short of spectacular. For more information click here.
Please see risk disclosure link below.
All rights reserved.