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Monday, February 08, 2010

Re: [Technical-Investor] Will PIGS sell their GOLD RESERVES?

 

To India. Why not?
 


From: Ray Seth <rayseth@gmail.com>
To: Technical-Investor@yahoogroups.com
Sent: Mon, February 8, 2010 6:43:11 PM
Subject: Re: [Technical-Investor] Will PIGS sell their GOLD RESERVES?

 

Pledge them to whom?

On Sun, Feb 7, 2010 at 6:52 AM, Sajeeth K <reachSajeeth@ gmail.com> wrote:


Dear Sir,
     These countries may also follow what India did in the 90s'. Pledge them instead of selling them.
 
 

With warm regards,
Sajeeth.K


On Sun, Feb 7, 2010 at 2:00 AM, Abhijit Selukar <abhijit.selukar@ gmail.com> wrote:
 

Just checked the gold's share in nation's reserves.

http://en.wikipedia.org/wiki/Gold_reserve

  • Portugal Holds around 75% of its reserves in Gold
  • Greece around 70% of its reserves
  • Italy around 60% and
  • Spain around 40%
Will PIGS sell them to reduce deficit?

Regards,
Abhijit.







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