Sunday, 16 November 2008

Iran switches reserves to gold

The G20 got together this weekend to stimulate and regulate. At the same time Iran is buying gold. The future rally in gold might come sooner than expected.

I think its pretty significant news when one of the world largest oil producers is switching its reserves to gold.

http://www.guardian.co.uk/business/feedarticle/8025778

1 comment:

Mark Herpel said...

China is moving currency reserves into gold, the Saudi's just completed $3.5 bullion in gold buying during the past two weeks. Dump the dollars and buy some gold.
Mark
editor@dgcmagazine.com