Wednesday, May 4, 2011

The Only Thing We Have to Fear is Fear Itself

(Link) View more Franklin Delano Roosevelt Sound Clips and Franklin Delano Roosevelt Inaugural Address Sound Clips

Follow the money.

Headline: Mexico, Russia, Thailand Add $6 Billion of Gold to Reserves, IMF Data Show

Mexico, Russia and Thailand added gold now valued at about $6 billion to their reserves in February and March as prices advanced to a record, the dollar weakened and Treasuries lost investors money.

Mexico bought 93.3 metric tons since January, adding to holdings of about 6.9 tons, according to International Monetary Fund data. Russia increased its reserves by 18.8 tons to 811.1 tons in March and Thailand expanded assets by 9.3 tons to 108.9 tons in the same month, the data show.


Source: bloomberg.com

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