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In October, India bought 200-220 tons of gold from the IMF, sending gold prices $100 higher.
Now the little African nation of Mauritius is getting in on the act as well, buying two tons of gold from the IMF.
http://af.reuters.com/article/investingNews/idAFJOE5AG08B20091117
Apparently, they paid 1,115/oz for it. They didn't seem to mind the record high price. And when gold prices went up to another record-high of $1,140 on Monday, they were probably thinking they got it for a bargain.
Silver has actually done better than gold (as usual). It is up to $18.40/oz and is expected to hit $25 by early 2010.
http://www.321gold.com/editorials/davis/davis111609.html
All of this simply means that the dollar is expected to continue its downard spiral. Everybody is made at the US for its hypocrisy. They talk about a "strong dollar" being in our best interests, but in their actions, they continue to make war on the dollar, sending it down the toilet.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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