Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Casaubon who wrote (45844)	12/9/1999 10:45:00 PM
From: lorne	Read Replies (1) \| Respond to of 116763

Hi Casaubon. The following site may help explain how they arrive at book value for gold. Gold in the IMF September 5, 1999 Before the Second Amendment of the Articles of Agreement of the IMF in April 1978, the role of gold in the international monetary system was central and pervasive. The Second Amendment contained a number of provisions that, in combination, were intended to achieve a gradual reduction of the role of gold in the international monetary system and in the IMF. However, gold is still an important asset in the reserve holdings of a number of countries, and the IMF remains one of the largest official holders of gold in the world. ------------------------------------------------------------------------ Holdings of Gold The IMF holds 3,217,341 kilograms of gold (103.4 million fine ounces) at designated depositories, valued in the IMF's financial statements at SDR 3.6 billion on the basis of SDR 35 per ounce (except for a minor amount accepted by the Fund in 1992 in partial settlement of a member's overdue obligations, and valued at the then-prevailing market price). imf.org