Old Project Avalon Forum (ARCHIVE) - View Single Post - The dangers of investing in precious metals??

greenelephant · 12-29-2009, 10:28 AM

OK, butwhat does everyone think of foreign governments buying huge reserves of PM's (China, India, and Russia). India for example buying a bulk purchase recently for approx $20 billion. I totally agree PM's have no long-term future ahead whatsoever, but with all these aquisitions the Asian countries are buying to safeguard themselves against the $US dollar. DO you think there may be a short term trend in PM's in the near future?

I realise I may be fussing over minor issues and not seeing the big picture, but I just want to rule out any doubt

thanks

12-29-2009, 10:28 AM	#8
greenelephant Avalon Senior Member Join Date: May 2009 Location: Bedfordshire, UK Posts: 36	Re: The dangers of investing in precious metals?? OK, butwhat does everyone think of foreign governments buying huge reserves of PM's (China, India, and Russia). India for example buying a bulk purchase recently for approx $20 billion. I totally agree PM's have no long-term future ahead whatsoever, but with all these aquisitions the Asian countries are buying to safeguard themselves against the $US dollar. DO you think there may be a short term trend in PM's in the near future? I realise I may be fussing over minor issues and not seeing the big picture, but I just want to rule out any doubt thanks Last edited by greenelephant; 12-29-2009 at 11:42 AM.