Investment Ideas, Video Interviews And Media Appearances - Unofficial Blog Of The Legendary Investor
May 19, 2009
Will the IMF Sell Its Gold?
The fact is that IMF is trying to get permission from everybody to sell gold. I don't know it will succeed or not. But if and when IMF sells its gold, gold prices may go to a bottom. Who knows? It may go down to US$700. IMF has got a lot of gold to sell. If it does, I hope I'm brave enough and smart enough to buy more.