Tuesday, April 15, 2014

4-15-2014 Newshound Guru Kaperoni

4-15-2014   Newshound Guru Kaperoni    Article:   "Iraq announces its intention to buy more gold in the coming months"   [Anyone have a clue why they're so intent on buying that much gold lately?]  They want to support monetary policy.  This includes stabilizing the exchange rate (which would mean meeting IMF conditions) and selling gold to citizens in dinar which will strengthen the currency by reducing the money supply.  This is all good.