Myth465 Posted January 19, 2010 Share Posted January 19, 2010 My guess it that India believes its less worthless then the USD Link to comment Share on other sites More sharing options...
ERICOPOLY Posted January 20, 2010 Share Posted January 20, 2010 An excerpt from a mutual fund report: Secondly, the supply of gold is outstripping its demand. Why then is the price of gold continually rising? Why are central banks (like India's) paying more and accumulating more of this worthless relic? That kind of sounds like central bankers are infallible. After all, they are... so their actions must mean something about the value of gold. Link to comment Share on other sites More sharing options...
Guest Broxburnboy Posted January 21, 2010 Share Posted January 21, 2010 An excerpt from a mutual fund report: Secondly, the supply of gold is outstripping its demand. Why then is the price of gold continually rising? Why are central banks (like India's) paying more and accumulating more of this worthless relic? That kind of sounds like central bankers are infallible. After all, they are... so their actions must mean something about the value of gold. Fact, not wishful thinking or dollar devaluation denial: Gold demand has increased and continues to increase: http://www.zerohedge.com/article/brace-yourself-coming-gold-shortage Link to comment Share on other sites More sharing options...
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