CENTRAL BANK OF BANGLADESH BOUGHT GOLD FROM IMF ABOVE 1240 u$s / OZ

REMEMBER THE INDIAN PURCHASE FOR 1050$

BANGLADESH BANK IS HOARDING LIKE CRAZY AND IS MAKING MONEY.

THEY ARE BUYING GOLD FOR 1240$ NEAR THE TOP RECORD HIGH? MMM...MAKES ME THINK THE SEE EVEN HIGHER PRICES !


STRONGMAN SHELFORD



Gold rose for the first time in three days in London on Bangladesh’s purchase of 10 metric tons of bullion from the International Monetary Fund and on speculation that the earlier declines will spur physical demand.

Bangladesh’s central bank bought the metal for about $403 million based on market prices prevailing on Sept. 7, the IMF said yesterday. Gold, trading 1.3 percent below a record, fell the most in six weeks yesterday. Bullion is headed for a sixth weekly gain, the longest winning streak since September 2007. It usually moves inversely to the dollar, which was set for the biggest weekly gain in a month against the euro.


[link to www.bloomberg.com]