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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: ldo79 who wrote (5294)5/16/2007 4:10:17 PM
From: inchingup  Respond to of 50676
 
"He added that there was a 165 million dollar deficiency for the 2007 fiscal year. The IMF predicted the deficit would grow to about 224 million dollars the following fiscal year."

...and to cover this deficiency they are going to sell $8.5 billion in gold?

Doesn't pass the sniff test.



To: ldo79 who wrote (5294)5/16/2007 4:33:46 PM
From: paul ross  Respond to of 50676
 
Could this mean an intermediate bottom in gold?.....IMF/CB's never sell at the top......Britain CB sold a bunch of gold within weeks of the bottom in 2001....



To: ldo79 who wrote (5294)5/16/2007 5:54:51 PM
From: ecrire  Read Replies (1) | Respond to of 50676
 
I have not seen this confirmed anywhere. I know Gordon Brown and some others in the IMF have favored selling some IMF gold but, last I heard, the U.S. and Germany are opposed and will veto such a plan.


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