Godlike Productions - Discussion Forum
Users Online Now: 2,147 (Who's On?)Visitors Today: 643,698
Pageviews Today: 1,120,960Threads Today: 468Posts Today: 7,870
01:30 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Fed Dumping Gold To Avoid Default?

 
Mad Scientist (aka AmJedi)
Offer Upgrade

User ID: 45078308
United States
10/09/2013 09:44 PM
Report Abusive Post
Report Copyright Violation
Fed Dumping Gold To Avoid Default?
[link to mobile.bloomberg.com]

Gold fell the most in a week, dropping below $1,300 an ounce, after the dollar extended gains and as imports slumped in India, the world’s biggest consumer.
The Bloomberg U.S. Dollar Index, a gauge against 10 major trading partners, rose to a one-week high, curbing demand for the precious metal as an alternative asset. Purchases of gold and silver by India were worth $800 million in September compared with $4.6 billion a year earlier, the Commerce Ministry said today.


This would be a good a explanation. They know we are going to breach the debt ceiling so they dumped the gold onto the market in attempt to forestall collapse.
(GLP aka American Jedi)

Listen here you beautiful bitch, I'm about to fuck you up with some truth.
Kenny Powers

If you steal the dreams of others long enough, sooner or later you'll end up in a nightmare.
American Jedi

Intellectuals solve problems, geniuses prevent them.
Albert Einstein

Satis Eloquentiae, Sapientiae Parum....

"The last of the old?"

"No, the first of the new."





GLP