Wednesday, November 25, 2009

Boom Boom Gold

Whaooo ..just heard a rumor in market that RBI is going to buy gold once more..Reason they know that dollar is going to come down in near future and all there dollar denoted assets are going to come down, so inorder to hedge it they are buying the gold ,so that any increase in gold value should counter with dollar dropping .Question is how much Gold should RBI buy to counter the dollar free fall atleast for near term.

Will explain with facts in coming posts

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