The Last Angry Man’s Problem With IMF Gold Sales

Filed in BP, economy, Gold, Gold Investing, gold-sales, inflation, money supply, o by on December 30, 2010 0 Comments

Adrian Ash of writes that “the International Monetary Fund said it has completed the gold bullion sales program begun in October 2009,” and now 403 tonnes of gold have been sold. I bring this up all the time because the whole thing pisses me off because we gave those IMF bastards the gold to The Last Angry Man’s Problem With IMF Gold Sales originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

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Gold Sales Stopped at EU Central Banks

Filed in Bank Gold, euro, Gold, Gold Prices, gold reserves, gold-sales, silver by on September 27, 2010 0 Comments

In adherence to the guidelines of the Central Bank Gold Agreement of Europe, in addition to Switzerland and Sweden, central banks in the region will stop selling gold reserves. That will put an end to over ten years of selling the gold by the banks. The CBGA puts a cap on collective sales by the banks. This could provide even more support to gold, which already enjoys strong support, and is

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New Gold (AMEX:NGD) Turns it Around in Second Quarter

New Gold (AMEX:NGD) turned things around for the second quarter of 2009, where they has a net loss of $199.3 million, or $0.77 a share. This quarter they generated net earnings of $17.4 million, or $0.04 a share. Included in the net earnings in the latest results was a pre-tax gain of $5.5 million in relationship to foreign exchange translation. Revenue for the quarter was $112.4 million,

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