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Sunday, November 15, 2009

India's central bank buy gold from IMF

On November 3, 2009, India's central bank bought more than 7 million ounces of gold from the International Monetary Fund.

Timothy Green, author of The Ages of Gold, says this is "the biggest single central-bank purchase we know about for at least 30 years in such a short period."
And that's why right now is exactly the time to be buying gold-related stocks, especially those that collect royalties on existing gold mines...
Instead of owning a mining business or trying to hoard physical gold... it can be much, much safer and more lucrative to simply own a stake in the real estate where the best mines are located...

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