Gold surged over $30 an ounce on news that India purchased gold bullion from the International Monetary Fund.
http://www.google.com/hostednews/afp/article/ALeqM5gpy6qZffFaeQTCC8teVyT9Nka0JQ
The next relevant question is: who is next? Central bankers from China? Russia? India, again? Japan? Other Asian countries? The Middle East? Brazil?
Probable answer: all of the above.
Tuesday, November 3, 2009
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