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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: The Vet who wrote (22340)2/7/2005 7:43:06 AM
From: sea_urchin  Read Replies (1) of 81137
 
Mr Vet > If the debts were denominated in gold, that makes sense. However if they are denominated in USD why not just print up some more paper and sell that to pay off the debt.

I don't see how the debts of poor nations can be denominated in gold? In fact, I would imagine they could be denominated in whatever currency the poor nations can get their hands on. So, if the IMF chooses to sell off some of its gold holdings in preference to creating debt (printing money), I can't see anything wrong with that. Unfortunately for gold holders, however, a big seller in the gold market isn't much help to the gold price.
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