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Usually, when someone puts up that much quantity of commodity for sale, you expect a drop in price. But here the opposite has happened. Shows how weak the dolla
by arvindnatarajan 17y ago
Usually, when someone puts up that much quantity of commodity for sale, you expect a drop in price. But here the opposite has happened. Shows how weak the dollar is. What makes a government like India's which has its own huge budget deficits buy that much gold when it is trading at over $1,000 in a single transaction?
Peter Schiff's response here: http://www.youtube.com/watch?v=Aicc3siQiHQ http://www.youtube.com/watch?v=Aicc3siQiHQ