Qaddafi Gold Reserve Nigerian Spammers? - GoFuckYourself.com

Barry-xlovecam · 03-23-2011, 09:46 AM

Will Qaddafi's liquidations of his gold holdings cause a run in the gold markets?

Quote:

Meanwhile, stay on alert for those ubiquitous Internet offers of ?gold for sale? coming from various African spam ?boiler rooms.? They might just be substantive offers, this time around. The BBC reports that Libya possesses gold reserves that might be worth more than $6 billion. These are not insubstantial gold reserves, as they rank the country in the global ?Top 25? of holders, according IMF data. The gold stash could potentially be used to finance Col. Gaddafi's fast-fading government at a time when it has become subjected to international financial sanctions. The BBC speculates that it might be possible to transport the gold to other African countries and sell it. Our bet: not at current market prices, or anywhere near them. Thus, when your e-mail inbox swells with ?gold below spot? messages, you might have just landed on Gaddafi-sourced bullion.

http://www.resourceinvestor.com/News...-Not-Spam.aspx

Deputy Chief Command · 03-23-2011, 09:51 AM

that article is 100% speculation ..

Machete_ · 03-23-2011, 09:56 AM

Barry-xlovecam · 03-23-2011, 05:15 PM

Gold is not speculative at all

.

u-Bob · 03-23-2011, 06:27 PM

Quote:

Originally Posted by Barry-xlovecam

[INDENT]Gold is not speculative at all

and the USD isn't either?

Barry-xlovecam · 03-23-2011, 08:27 PM

Well, there is not enough inflation in the dollar the past 10 years to justify today's gold prices. Just another bubble that is going to pop one day.

03-23-2011, 09:51 AM	#2
Deputy Chief Command Deputy Chief Command Industry Role: Join Date: Nov 2005 Posts: 4,482	that article is 100% speculation .. __________________

03-23-2011, 09:56 AM	#3
Machete_ WINNING! Industry Role: Join Date: Oct 2002 Posts: 14,579

03-23-2011, 05:15 PM	#4
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	Gold is not speculative at all .

03-23-2011, 08:27 PM	#6
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	Well, there is not enough inflation in the dollar the past 10 years to justify today's gold prices. Just another bubble that is going to pop one day.