Bankrupt IMF completes gold sale (30Dec10)

The bankrupt IMF (better known as "International Money Fund") has completed it's sale of 400Tonnes of gold it allegedly had.



Selling gold to suppress the gold price. An old trick. Lets hope that the buyers have brains enough to insist upon delivery to their country, rather than allowing the IMF to 'store' it for them in an account.

IMF Buys US Gold for $42.20

The Real World of Money radio show with Andrew Gause and Patrick Timpone.

This excerpt details Special Drawing Rights, SDRs.

Andrew is a currency historian and nationally recognized expert on the U.S. Monetary System. He has two books: "The secret World of Money" and "Uncle Sam Cooks The Books"

Gold Trades Near Record as Indian Central Bank Buys From IMF

Claudia Carpenter
Bloomberg
November 3, 2009
Gold traded within 0.5 percent of a record after India’s central bank bought 200 metric tons of the metal from the International Monetary Fund, heightening speculation about more official purchases.

“It’s positive in many ways,” said James Moore, an analyst at TheBullionDesk.com in London. “It suggests central banks, rather than being net sellers, are now looking at becoming net buyers. It’s a surprise because everybody was talking about China being the buyer.”

December-delivery gold climbed as much as $12.90, or 1.2 percent, to $1,066.90 an ounce on the New York Mercantile Exchange’s Comex division and was at $1,058.70 at 8:45 a.m. local time. The record was $1,072 an ounce on Oct. 14.

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Via Infowars.com