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Monday, August 8, 2011

Will US Sell Its Gold Reserves?

Its tough time for U.S. as its raises country's debt limit, S & P downgrades its ratings & a fear of double dip recession. U.S. Federal Reserves Sits on the World's Largest Gold Reserves

To overcome this issue, why not sell some of its gold? This would overcome the issue & keep the U.S. Government going.

Currently, most of has the view that the Gold would go higher & everyone is got bullish. However, if U.S. government sells its gold, things would be upside down as the gold rates would decline due to excess supply in the market.

So Are you Bullish or Bearish on Gold? Whats Your View? - Post here as comment. Thanks

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