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news to shake a gold market

  1. sergeant
    6,205 Posts.
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    22/09/08
    18:39
    Post #: 4298866
    GS and MS have successfully become banks today...in other words they will have to make money from being deposit takers and being regulated by the fed rather than borrowing money...ie borrowing gold (amongst other activities) from the CB's to sell and raise cash to invest in alternate, higher yielding assets..... This is monumental news and should send gold through the roof...


    http://www.bloomberg.com/apps/news?pid=20601087&sid=aoHW3zyqTeAA&refer=home
    Value at posting: $0.00
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    lightbulb Created with Sketch.  Great analysis
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