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Gold Price Spike Says it’s Not All About U.S.
Submitted by Admin on Mon, 11/09/2009 - 16:33
The jump in the price of gold Tuesday to a record $1,083.30 per ounce, following the announcement of the $6.7 billion sale of 200 metric tons of gold by the International Monetary Fund (IMF) to India’s central bank, should serve as a clear indication to U.S. investors that they are no longer the center of the economic universe. It is evident that occupants of closed systems become more unstable over time. This includes investors within the United States, and potentially more important, the occupants within the Beltway in Washington D.C.