Hello, I was watching an older video of Rogers where he states the IMF's sale of gold would bring the price down. However, the opposite has been happening, any explanations? Was Rogers just wrong?
I just read today India is negotiating to buy the OTHER 200 tons from the IMF.
The silver [is] mine, and the gold [is] mine, saith the LORD of hosts. Hag 2:8 [/b] He created it. He controls it. He gave it to us for His use. Why did we turn from sound scriptural currency that PROTECTS us?
I think the fact that large amounts of IMF gold was bought so publicly and quickly by India, negated the price reduction caused the increased supply. It's as if India and, to an extent, China are being advised by Peter Schiff and Jim Rogers.
...It's as if India and, to an extent, China are being advised by Peter Schiff and Jim Rogers.
Either that or China and India are advising Schiff and Rogers.
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities.
JIm Rogers predictions on IMF gold sales and price
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Posted - 11/26/2009 : 15:53:24
