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US gold hits record high $1,081.70/oz on IMF sale
Reuters
Tuesday, Nov 3rd, 2009
U.S. gold futures scaled an all-time high $1,081.70 an ounce on Tuesday, surpassing the previous record set Oct. 14, boosted by technical buying and news of a gold sale by the International Monetary Fund (IMF) to India.
For the latest detailed report, click on [GOL/].
GOLD
* December gold GCZ9 up $23.10, or 2.2 percent, at $1,077.10 an ounce at 11:13 a.m. EST (1613 GMT) on the COMEX division of NYMEX.
* Ranged from $1,055.50 to $1,081.70.
* Gold futures buying increased after the IMF sold 200 tonnes of gold to the Reserve Bank of India. [ID:nN02468120]
* News led to expectations that IMF's remaining 203.3 tonnes for sale will be concluded with minimal impact to open market. [ID:nDEL484779]
* Gold boosted on the notion that India could buy more from the IMF, and news that gold producers could accelerate hedge buybacks should support - Heraeus.
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42 Responses to “US gold hits record high $1,081.70/oz on IMF sale”
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November 3rd, 2009 at 11:57 am
I want silver to make its correction. has to happen.
Larry McElhinney Reply:
November 3rd, 2009 at 3:32 pm
Yes you are correct. It does seem very likely that the price of Silver will correct upwards.
GOLD $1400
SILVER $28
Near term.
SilverVSGold Reply:
November 3rd, 2009 at 7:25 pm
When dollar crashes, the gold and silver may go back to their face values, of $20/ounce for gold and $1/ounce for silver dollars. This is because the face value of older coins, such as pre-1933 gold and even modern silver eagle is considered the real value, even by customs agents.
They go by face, not market for declarations as far as I found out.
If anyone is interested in cheap pre-1933 US Silver coins, feel free to check out: http://www.silverbarter.com
SilverVSGold Reply:
November 3rd, 2009 at 7:29 pm
I meant pre-1965 coins, not 1933, sorry.
daggaz Reply:
November 4th, 2009 at 5:11 am
you are retarded.
wherever i may roam Reply:
November 3rd, 2009 at 4:50 pm
gold will hit $2000
http://ihatejade.com/?id=ul1bg.....mnrwkr0ps7
November 3rd, 2009 at 12:27 pm
ALL fiat currency eventually goes back to it’s intrinsic value, which is INK AND PAPER. Now the question is: Will you wish someday that you traded in your ink and paper for gold and silver, or for lead, brass, food, toilet paper, guns, etc.?
Paul Revere Reply:
November 3rd, 2009 at 6:36 pm
Seeds, land, water and love.
Swede1 Reply:
November 4th, 2009 at 12:48 am
yeah!!! I second that!
Work. Buy. Consume. Die Reply:
November 5th, 2009 at 1:43 am
in the event of paper being worthless, who is going to buy gold/silver? how do you use it? will someone explain?……..
November 3rd, 2009 at 12:59 pm
Looks like India is dumping the dollar for gold. I’d much rather have the gold than a bank owned scrip too. As soon as everyone exchanges the dollar for gold, it’s bye bye dollar and woe to those suckers that still have dollars! Dump them or spend them NOW while you still can. You have been warned!
November 3rd, 2009 at 1:12 pm
When does Citi bank go down? Is that the trigger for massive breakdown of financial system? CIT and CAPMARK are bankrupt and the DOW goes up.
The lies can not continue….
November 3rd, 2009 at 2:05 pm
Not all “money” is created equal. This chapter explains why the “money” our Federal Reserve System creates is the worst / most dishonest form of money ever invented. (The following free chapter, available in HTML and PDF format, is taken from the book “Dishonest Money: Financing the Road to Ruin”)
http://www.dishonestmoney.com/.....money.html
November 3rd, 2009 at 2:17 pm
Nice one IMF. Sell your gold, boost your coffers, and then later steal it back. Cute.
Times-they-are-a-changing (not) Reply:
November 3rd, 2009 at 5:56 pm
Does anyone know where the IMF got the gold in the first place?
No Weanie Reply:
November 3rd, 2009 at 6:11 pm
From the USA Incorporated…..we incur debt with federal reserve notes and they want their interest paid back in gold…..simple
Transfer of wealth……..The IMF owns us…..think I’m kidding? Do some research….I’ll try to post some links later……
No Weanie Reply:
November 3rd, 2009 at 6:14 pm
I’m replying to my reply….OK, we trade them our gold for their paper. Does that make sense???? NO, but we have been in bankruptcy for a long time now….at least since 1933…….see HJR 192 where FDR pledged our country, our homes, and OUR future labor to pay for this bankruptcy.
I could go on, but I have to talk about our SLAVERY to the banksters.
Goldfinger Reply:
November 3rd, 2009 at 6:12 pm
From Fort Knox. Nixon gave it to them along with free blow jobs.
November 3rd, 2009 at 2:42 pm
Dick Cheney Refuses to anwser 72 FBI Questions
http://www.cbsnews.com/stories.....1257.shtml
LRRP 1968 Reply:
November 3rd, 2009 at 5:45 pm
Of course he refuses, he doesn’t want to go to Guantanamo
November 3rd, 2009 at 3:03 pm
You can’t put all you finances in guns,food,solar etc you still need something that stores value
Goldfinger Reply:
November 3rd, 2009 at 6:12 pm
Gold and young pussy always are in demand.
Madman Reply:
November 3rd, 2009 at 7:43 pm
Yep, then they open their mouth, and f**K up the whole thing.
Work. Buy. Consume. Die Reply:
November 5th, 2009 at 1:47 am
MAYBE YOU SHOULD STICK YOUR GOLDFINGER UP YOUR ASS…….
November 3rd, 2009 at 3:41 pm
Max-
I thought that guns, food, etc., DID store value. I also stockpile silver, and some gold. But LOTS of guns, and ammo. I keep just enough in the bank to run my business for 6 weeks. If I ever guess wrong, I may have to convert some metal back to FRN’s, but it hasn’t happened in 19 years, yet. “Good luck in the coming turmoil”, as my friend, Biker, says!
Max Power Reply:
November 3rd, 2009 at 6:09 pm
Guns to a certain degree, but food no, still a good thing to have but you don’t eat something that stores value. If i have 50g’s im not gonna spend it all on food and supplies, im gonna invest a certain portion in gold and silver because they have maintained some sort of intrinsic value for millenia. nuff said
No Weanie Reply:
November 3rd, 2009 at 6:15 pm
I “heart” on Patriotgal…..she’s my kinda gal…..and YES, I’m a gal
November 3rd, 2009 at 3:41 pm
There is no more that can be done in the states, its like the titanic hit the iceburg and is sinking fast and instead of getting in the lifeboats yall are bitchin at each other, the ship is not coming back up people. margarita island is full of opportunity cheapest cost of living in the world, 4 cent a gallon gas free health care no taxes, no hurricanes, all food is organic by law. for more info check out http://www.escapethestates.com I have plenty of references from people I have moved down here, jump on the underground railraod and find out what it is like to live in a country that has alot more freedom then the united states. Put your money in a different currency and get out with it and dont look back. soon the dollar will be worth nothing, then you are stuck like a turd in the toilet. thanks for listening, if you need help contact me, My wife and I have plenty of knowledge about living here on margarita island we moved here 3 years ago with 3 small children and 3 dogs. We had to get our kids away from the toxic foods and environment. We can help you escape the states no matter what situation you are in, venezuela does not abide with extradition laws to the USA.
Times-they-are-a-changing (not) Reply:
November 3rd, 2009 at 5:58 pm
How’s the water shortage? Or is that media baloney?
hydrologist Reply:
November 3rd, 2009 at 6:14 pm
I heard you are having a bit of a water drought down there. Even if gas is cheap, you can’t drink it, bathe in it, or boil food in it. You sound really weird to me.
Work. Buy. Consume. Die Reply:
November 5th, 2009 at 1:53 am
Russ is a real estate agent, and he is just trying to make a living. what are YOU people doing? at least he had the balls to leave this shit-hole………
November 3rd, 2009 at 5:27 pm
I hope this whole ordel does go down fast, that is to our advantage, if we let them drag it out over 2 years they will be able to take us down and consume us a few at a time. Like Lindsey Williams said “we will be so poor in 2 years we will not be able to revolt”
But I do have the same feeling as Mike Reverio that this government will go bankrupt and collaspe, I think everyone needs to stop paying taxes and push the government into bankruptcy, they are completely criminal and they do absolutey nothing satisfactory for me.
No Weanie Reply:
November 3rd, 2009 at 6:24 pm
Dudes, we officially declared bankruptcy a long time ago. Please read HJR 192….where FDR pledged our homes, our future earnings, etc for the US Corporate bankruptcy. (Yes, you read that right, we declared bankruptcy at least since 1933…..please read the House Joint Resolution 192 where ALL our gold was given to the IMF (international banksters) AND everything was given to the Federal Reserve. Look at a Fed Reserve Note…..i.e., Note=promise to pay……we can no longer pay in real money (gold/silver)…..
Look, I can go on & on….Patriotgal is right….get RID of your so called dollars and buy something you can barter with. We can no longer sustain dollars with no backing. It costs 4 cents to print a dollar and 4 cents to print a $100 dollar bill. Still think those fed reserve notes are worth something?????
Spend those babies, buy gold, silver, barter items……..please, you will need them.
No Weanie Reply:
November 3rd, 2009 at 6:28 pm
Reply to my own reply again………OK escapethestates…….who’s your daddy? Hugo Chavez? I like ol’ Hugo, but didn’t Venezula devalue their currency just a few years back? I don’t think it will matter when this all comes down…..South America uses fiat currency too and they are also under the control of the international banksters. Just saying…..
Swede1 Reply:
November 4th, 2009 at 12:54 am
Be careful, gold is good but remember, there is a chance we can have a repeat of FDR with the gold confiscation…FDR did not honor gold.
Swede1 Reply:
November 4th, 2009 at 1:00 am
Your right! the red inked “promisory note” disappeared during Nixon when he took what was left of te dollar and that was the silver. the dollar was not even deemed a “dollar” after that happened, it was called “currency” from then on. Our dollars are now backed by scotch tape..!!
November 3rd, 2009 at 6:17 pm
I don’t listen to Lindsey Williams. I listen to Linsey Lohan. She said to get drunk and eat lots of drugs before your money is total shit. Mike Rivera? WTF? I listen only to Geraldo Riviera. He knows how it bee. He says to move to Brooklyn. Any thoughts?
No Weanie Reply:
November 3rd, 2009 at 6:30 pm
Lindsey Lohan is spending her fed reserve notes…….hehehehehe……I gotta disagree tho on Geraldo……he is a media whore…bought and paid for……just saying
November 3rd, 2009 at 7:41 pm
India knows the dollar is gonna drop… 6.7 billion in gold purchased… that means they are leaving the dollar pretty soon.
November 3rd, 2009 at 9:20 pm
THE NEW WORLD IS HERE YOU FAKE PORK BELLY WANNA BE JOE BLOW UP YOUR ASS DOLL WIGS. EAT SOME MORE!!!!!! SOMEONE FORCE FEED THESE GLEN BECK SPANKS MORE DOLLARS. YUM YUM YUM YUM YUM YUMMY MONEY MMMMMMMMM MORE GOOD YUM YUM YUM YUM GOOD. WHERE’S MR. PARTY BITCH WITH HIS CHAINS. LIKE THEY SAY BLINK BLINK HEEEHAW I’M STILL TWELVE
November 4th, 2009 at 4:08 am
ahahahah
STUPID MORONS
THE ROTSCHILD AND THE ROTSFELLAS AND THOSE MURDERING SKN KAS IN THE JEWVATICAN MALE HOMOSEXUAL WHORES HOUSE
ARE RUBBBING THEIR HAND IN GLEEE
AT THE STUPID GOYIM ONE MORE !!!!!!!!!!!!!!!!
AHAHAHAH STUPID BRAIN WASHED IDIOTS !!!!!!!!!!!!!!!
Work. Buy. Consume. Die Reply:
November 5th, 2009 at 2:05 am
the americansheeple.com………hilarious [and scary]