1. QUOTE from:
    India buys half of IMF's gold for sale; who's next?
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    It also fuelled speculation that other governments -- including Beijing -- may be ready to diversify their reserves even at near-record gold prices, helping soak up IMF supply that the fund may otherwise be forced to sell on the open market. "Central banks in India and China will be happy to accumulate gold at these levels. I will not be surprised to see even some Southeast Asian banks buying gold" Aaron Smith, Asia head of the $1.65 billion technical trading fund Superfund, told Reuters. Full Article at IBN Live
    Central banks in India and China will be happy to accumulate gold at these levels. I will not be surprised to see even some Southeast Asian banks buying gold
    SOURCE: IBN Live 1 month ago
All quotes from:
India buys half of IMF's gold for sale; who's next?
  1. This transaction is an important step toward achieving the objectives of the IMF's limited gold sales program, which are to help put the fund's finances on a sound long-term footing and enable us to step up much-needed concessional lending to the poorest countries
    SOURCE: IBN Live 1 month ago
  2. Now people may think China will buy the other half
    SOURCE: IBN Live 1 month ago
  3. The fact that they've sold the gold to India would suggest there's going to be fewer official sales by the IMF on the market. So that might be a positive theme for the gold price
    SOURCE: IBN Live 1 month ago

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