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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
 Posted - 07/28/2007 : 21:21:53
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Where's the gold?
Hugo Salinas Price
IMF DATA ON WORLD GOLD
Key Excerpt:
Ownership of world gold:
CBs and IMF: 8.65 % of world gold stock
Private hands: 91.35% of world gold stock.
If this is correct than the central banks of the world would be better off holding their meager supply of gold than dumping it on the markets.
Of course, that is using logic, which much like common sense, has dropped out of sight in recent years.
(Don't tell anyone but I think logic and common sense might be hiding on this forum. Shhhhh. )
I should have chosen "Cut-n-Paste" as a forum name, since that is what I do, mostly.
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Where's the gold?
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