IMF finishes its gold sales program.

Discussion in 'Gold' started by intelligencer, Dec 22, 2010.

  1. intelligencer

    intelligencer Active Member

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  2. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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  3. projack

    projack Well-Known Member Silver Stacker

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    The IMF already lost billions on the first sale went to India for $1045.
    The rest of the gold also mostly went for third world countries. Exactly to those countries they wanted to lend the money with low interest rate. Most likely (this is only speculation) they just give them the gold free on market price and let them to pay low interest rate.

    Basically if India wants to sell 2/3 of the purchased gold now to the public they have the rest 66 tons of gold free from the genius financial expert from the IMF.
     

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