Bloomberg turns IMF 5 billon loss to $2.79 Billion Windfall Profit

Discussion in 'Gold' started by projack, Apr 12, 2011.

  1. projack

    projack Well-Known Member Silver Stacker

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    Bloomberg turns IMF 5 billon loss to $2.79 Billion Windfall Profit on Gold Sale,
    To Sandrine Rastello in Washington at [email protected]
    And Christopher Wellisz at [email protected]

    Dear Sir
    http://www.bloomberg.com/news/2011-...windfall-profit-on-gold-sale-debates-use.html
    India paid $1045 for 203 tones of gold. That was more than half of the sale. Today's price is over $400 higher than that. This single on market price sales alone is over 2.6 billion in losses. The rest of the sales were a bit higher, but still a substantial loss.
    Congratulation on Bloomberg stupidity
    Best Regards My Name
     

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