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Connection Between the IMF's Proposed Gold Sale and 'Nessie'?

Posted on April 08, 2008

Gold prices correctly shrugged off the announcement of the International Monetary Fund [IMF] that wants to sell 403.3 tons of gold, worth some $11 billion, tocover annual losses of $400 million. While this transaction appearsarithmetically strange from the outset, the idea is not exactly new.Like the Loch Ness monster IMF gold sales have been a reliable pagefiller in the past couple of years.A Google search for IMF gold sales 2007 lists 77,100 documents and leads to Doug Casey's treatment ofyesteryear's idea of the IMF. Casey could simply copy his 2007 iteminto this year's list of columns and...

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doug casey , gold