argentina to boost up gold reserves!!!, page-2

Its finally happening, this is what we've been witing for. I'm not surprised

Quote form your post Sabretoothed:
"Gold also climbed on investor demand for an alternative to currencies."

``It shows a growing lack of respect for all currencies,'' said Dennis Gartman, an economist and editor of the Gartman Letter. ``You can't have a bull market in gold until it starts going up in all currencies, and that's what it's doing now.''

Gold priced in yen have climbed 12 percent this year and 4.2 percent since Aug. 31.

Argentina's Reserves
"Argentina's central bank may increase gold reserves as a hedge against inflation and protection against a financial crisis, Juan Ignacio Basco, bank head of market operations, said yesterday in London. Increased reserves helped South America's second-biggest economy stabilize its currency and revive investor confidence after a $95 billion debt default triggered a plunge in the peso in 2002."

As I said in my previous posts, when you see these kind of statements in media, you have better be in gold stocks.

Cheers
Zackman