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News Link • Economy - International

International Monetary Fund to sell over 403 tons of gold

• AFP
The International Monetary Fund said its executive board endorsed the sale of 403 tons of gold, worth an estimated 13 billion dollars, to boost its lending capacity to poor countries.

The IMF said in a statement the sales would be “in a volume strictly limited to 403.3 metric tons, with these sales to be conducted under modalities that safeguard against disruption of the gold market.”

 

2 Comments in Response to

Comment by Brock Lorber
Entered on:

If they sell it?  How about finding out if they have it in the first place.

How would a non-taxing extra-governmental organization get their hands on 403 tons of gold?

Comment by Ernest Hancock
Entered on:

NOW WE NEED TO WATCH AND SEE _IF_ THEY ACTUALLY SELL IT!

They have been doing this for years to drive down gold. Has anyone documented that they actually _sell_ the Gold that they say they "Approved" for sale?


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