It has been a bad week for the International Monetary Fund. The executive board of the Fund agreed earlier this week to a plan which would see the Fund sell about 403 metric tons of its gold (13 million ounces or so) to raise…
April 11th, 2008 | Dan Denning | 0 comments | ContinuedAll Posts Tagged With: "imf"
Gold Rises Despite IMF Gold Sales Plan
The International Monetary Fund (IMF) may look to sell some of its 3,217 tonnes of gold - the third largest hoard in the world - failed to deter investors from buying gold in Asia overnight. With the IMF looking to cover a budget deficit of $400 million per year, the US Congress would still need to approve the plan…
February 13th, 2008 | Adrian Ash | 2 comments | Continued