Vinny’s Blog

Sorry guys I was absent for a while you see my blog is mostly about economy and little about travel and photography and I want to keep it that way also because these 2 subjects are very independent. No matter which political party/country/religion you belong to economy affects everyone the same regardless of your background. [...]

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Per me, Value of USD will decline it’s not a question of IF but it’s more like WHEN……….
It’s well known that China has lots of US dollars 1.8 Trillion dollars to be exact, Japan has approx 1 Trillion, India approx 250 billion and Russia approx 450 billion.

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Believe me I did not want to write anything today. I went to a racetrack past weekend and I have tons of photos to sort through and actually wanted to write something about that experience becaue it’s more fun. But so much is happening in the markets this week that it’s impossible for me to [...]

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I had been busy a lot and that is why since beginning of September I could not dig much on economy. This weekend I decided I will write something and phew ! the weekend just flew by. Friday I returned a little late from work.

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Here are two articles that compliment each other.
IMF is planning to sell gold.
http://www.marketwatch.com/news/story/imf-sell-125-gold-stake/story.aspx?guid=%7B193AB663%2D768C%2D49EB%2DA5E0%2DA944F35661AB%7D
And Indians are just waiting for the price to go down so they can buy all they want.
http://in.news.yahoo.com/reuters_ids_new/20080408/r_t_rtrs_nl_general/tnl-india-gold-demand-low-buyers-eye-pri-223dd93.html

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