tag:blogger.com,1999:blog-18601284.post6768150805733914446..comments2009-11-09T08:21:35.594+05:30Deepak Shenoyhttp://www.blogger.com/profile/04209677935830502120noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-18601284.post-60230599298159795132009-11-09T07:52:10.433+05:302009-11-09T07:52:10.433+05:30The price of Gold is continuously rising. Further buying of Gold will not be appropriate as there is also change for falling in the price. It can buy it at that time.thilaganeshhttp://profitearninginvestorsteam.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-18601284.post-20585308817292726112009-11-08T20:31:15.581+05:302009-11-08T20:31:15.581+05:30just was thinking how come Deepak has not put a post on RBI buying gold..though there you are..<br /><br />Two points to note however ...I think it is a smart move on RBI part and they have surprised the entire world to be the first to buy it at all time high prices (just 10 days ago)...IMF was announcing that they will sell gold 404 tons in September and China was suppossed to pick it up but only if given a discount on market prices, RBI seems to have bought at much higher prices now...<br /><br />I think the government all over the world have always tried to manipulate the price of gold as gold increases over $1000 it threatens the fiat currency fractional currency regime and they try various means to deflate the price and this sale announcement from IMF could have been one of them, I am sure China would have been surprised as to how India beat them to the post..<br /><br />Not surprisingly RBI has not mentioned anything about the gold buy in its weekly bullet in, it could be true that they have sold US treasuries and bought the gold...quite possible now with the dollar index hitting a new low every month...Veeranoreply@blogger.com