The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life. – Theodore Roosevelt
China making a move would be huge. Their gold reserves are a much smaller percentage of their total compared to everyone else. If they started reserving gold toward the same percentage as India, that would remove a lot of gold from the market and the price would go up substantially.
"The man who speaks to you of sacrifice, speaks of slaves and masters. And intends to be the master." -- Ayn Rand
India buys half of IMF's gold for sale; who's next
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Posted - 11/03/2009 : 11:25:12
