Tuesday, November 17, 2009

Tiny Mauritius Tells US To Shove Its Dollar, Buys 2 Metric Tons Of Gold From IMF At $1,115 An Ounce

Map of Mauritius

Image via Wikipedia

by Tyler Durden

The latest development in the gold bubble saga, and one which will likely cause the precious metal's price to spike even higher, comes from thetiny island of Mauritius which according to Dow Jones has purchased 2 metric tons of Gold from the IMF for $71.7 million. The price works out to approximately $1,115 per ounce.

Tiny Mauritius Tells US To Shove Its Dollar, Buys 2 Metric Tons Of Gold From IMF At $1,115 An Ounce

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Apture