Can investment in gold can probably be seen as hedge against equity crash? As in current times. As the movement of both seems to be inversely related to each other.
Joined: 01/Dec/2007
Location: United Arab Emirates
Online Status: Offline
Posts: 544
Posted: 08/Apr/2008 at 11:30pm
Originally posted by basant
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.
It was Bank of England.
And that too they pre announced Total and qtrly quantities to be sold.
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