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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: ForYourEyesOnly who wrote (4377)3/16/1999 5:38:00 PM
From: lorne  Read Replies (1) of 81023
 
Gold in the IMF
imf.org
•Gold holdings provide the IMF with operational maneuverability both as regards the use of its resources and through adding credibility to its precautionary balances. In these respects, the benefits of the IMF's gold holdings are passed on to the membership at large, to both creditors and debtors.

•The IMF should continue to hold a relatively large amount of gold among its assets, not only for prudential reasons, but also to meet unforeseen contingencies.

•The IMF has a systemic responsibility to avoid causing disruptions to the functioning of the gold market.

•Profits from any sales of gold should be retained and only the income deriving from the investment of those profits used for any operations that might be agreed.
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