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johnnybravo
Senior Member
Joined: 17/Jan/2007
Online Status: Offline
Posts: 533
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   Posted: 10/Mar/2008 at 4:09pm |
Originally posted by kulman
Baat jab sone ke baare mein ho....CatCall usually is very quick to post his comments. A true sajjan.
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Is he related to 'LION' ? 
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Saab Moh Maya hai!
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valueman
Senior Member
Joined: 29/May/2007
Location: India
Online Status: Offline
Posts: 1134
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Posted: 10/Mar/2008 at 5:06pm |
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Did my first symbolic e-investing in Gold today .
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To achieve satisfactory investment results is easier than most people realize ; to achieve superior results is harder than it looks .
Benjamin Graham.
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catcall
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 1076
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Posted: 10/Mar/2008 at 5:28pm |
Originally posted by PrashantS
i think in India Gold is always an asset ...people dont care much if it is 9000 Rs or 13000 Rs ....sona or hira girls best friend |
In India, gold is considered as an investment in a different sense , rather it is something we tend to sell off only if we go bankrupt!!.The point I am making is that if gold is bought for investment, buying in Gold ETF allows you to treat it as one, (seperate from the traditional family silver) and one tends to be much more comfortable in selling it than in the physical form...
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There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing!
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valueman
Senior Member
Joined: 29/May/2007
Location: India
Online Status: Offline
Posts: 1134
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Posted: 10/Mar/2008 at 6:07pm |
Originally posted by catcall
Originally posted by PrashantS
i think in India Gold is always an asset ...people dont care much if it is 9000 Rs or 13000 Rs ....sona or hira girls best friend |
In India, gold is considered as an investment in a different sense , rather it is something we tend to sell off only if we go bankrupt!!.The point I am making is that if gold is bought for investment, buying in Gold ETF allows you to treat it as one, (seperate from the traditional family silver) and one tends to be much more comfortable in selling it than in the physical form...
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Spot on .
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To achieve satisfactory investment results is easier than most people realize ; to achieve superior results is harder than it looks .
Benjamin Graham.
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catcall
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 1076
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Posted: 08/Apr/2008 at 10:00pm |
IMF to sell 12.5% of gold stake in efficiency drive
By Robert Daniel, MarketWatch Last update: 4:45 a.m. EDT April 8, 2008
TEL AVIV (MarketWatch) -- The International Monetary Fund said it would sell more than 14.2 million ounces of gold, currently valued at more than $13 billion, and cut substantial costs as part of an efficiency drive.
In a statement on Monday, Managing Director Dominique Strauss-Kahn said the IMF had made "difficult but necessary choices" to close an income shortfall and make the agency more efficient through a "new and sustainable income and expenditure framework."
With the changes, the IMF's income model would be based largely on generating funds from various sources rather than relying on lending, the agency said.
Reuters reported that the IMF holds about 113.5 million ounces of gold, so the gold to be sold amounts to 12.5% of its holdings. The metal would be sold "in a transparent manner with strong safeguards" to avoid disrupting the market, the IMF said.
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There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing!
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rakeshmehta48
Senior Member
Joined: 01/Dec/2007
Location: United Arab Emirates
Online Status: Offline
Posts: 544
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Posted: 08/Apr/2008 at 10:52pm |
Gold market initially took this news as negative. June Gold traded to a low of USD 911 from a high of 929.
As of now, its 918
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Fund Management is Most Important
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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Posted: 08/Apr/2008 at 10:57pm |
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These banks have i history of selling at prices that become long term bottoms. I think a few years back when gold was below 300 dollars one big bank had sold out of a huge position.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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gopal
Senior Member
Joined: 26/Jan/2008
Online Status: Offline
Posts: 913
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Posted: 08/Apr/2008 at 10:57pm |
Originally posted by catcall
IMF to sell 12.5% of gold stake in efficiency drive
By Robert Daniel, MarketWatch Last update: 4:45 a.m. EDT April 8, 2008
TEL AVIV (MarketWatch) -- The International Monetary Fund said it would sell more than 14.2 million ounces of gold, currently valued at more than $13 billion, and cut substantial costs as part of an efficiency drive.
In a statement on Monday, Managing Director Dominique Strauss-Kahn said the IMF had made "difficult but necessary choices" to close an income shortfall and make the agency more efficient through a "new and sustainable income and expenditure framework."
With the changes, the IMF's income model would be based largely on generating funds from various sources rather than relying on lending, the agency said.
Reuters reported that the IMF holds about 113.5 million ounces of gold, so the gold to be sold amounts to 12.5% of its holdings. The metal would be sold "in a transparent manner with strong safeguards" to avoid disrupting the market, the IMF said.
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Originally posted by rakeshmehta48
Gold market initially took this news as negative. June Gold traded to a low of USD 911 from a high of 929.
As of now, its 918 |
Dear all,
It was on TV news that to sell this Gold will first require clearance from USA, UK & germany governments. After that it will require clearance from another 150 countries government at least out of its full membership of about 185 countries. The news also informed that completing this process will take up about a year. The process plans to sell gold slowly over a period of 4 -5 years. So do not fear it will not actually impact as much as all are fearing
Edited by gopal - 08/Apr/2008 at 11:00pm
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Women are like the stock market Coz they're irrational n can bankrupt u if u're not careful
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