IMF Gold Sale

Yeah but the IMF is just going to loan it to the Asian countries in hopes of getting them really indebted so that they will owe a ton of money to the IMF over time. Then rinse repeat when the Asian countries can't repay them and then they will renegotiate the deal for longer time etc. It's sad really.

Read Confessions of an Economic Hit Man by John Perkins. Haven't read it yet but have heard him discuss this on a radio program.

 

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They may not have to move it at all...at least not right away. If they paid full spot for the product, they may have negotiated a deal for the IMF to continue holding it for some period of time. They may just move a little at a time.

 

This is an outrage. Exporting countries are supposed to buy Treasuries with their excess dollars. Haven't they heard that gold is a useless relic- it doesn't pay dividends, you can't eat it, and all that. It makes you think they don't have faith in the dollar. There not on to something are they?

 

I don't know if John Perkins is for real or not. He seems to have gotten most of his stuff from G. Edward Griffin.

 

It probably won't be moved at all unless it is stored in the US or England.

 

After December if the dollar continues to fall gold could continue to rise. At that time all accounts are settled for the year, and some as early as September. The quote " Gold is a store of value" will be driven home !

Pep

 

I woke up this morning and accidently glanced at my gold/silver widget. It said $1108.00?

I had to take a second look....holy cow!! It really is $1108.00!!!!

 

i forgot which article i read and which site (financialsense.com, goldseek.com, financialarmageddon.com, GATA.org, etc.) but some of IMF's gold is physically spread among the major countries' central banks.

so buying and selling gold becomes just a matter of bookkeeping, no need to fly the gold most of the time.

 

But hasn't it been a trend lately for those who buy gold to want to take delivery of these PM's?

Hasn't there been too many stories of overselling what you don't have? Isn't that why some countries have been trying to take back their physical gold?

 

Well what about this morning with the uptick to $1133? I wonder what the rate of inflation is?

 

Inflation

Way more than most people would believe !
Numbers do not lie, liars use numbers.
The Consumer price index does not contain food or fuel of any type for inflation. The same goes for the PPI or Producer Price index.
Average people are starting to worry about having food and shelter. People are buying gold because of real inflation not what is perceived by the CPI fraud.
The lower the number the less they pay seniors. The less they pay seniors health care starts to become out of reach.
Medicare is being scammed at a vast rate. The only way the crooks will not be brought into the open is to stop the program and start a new one with fewer available doctors and waiting and waiting until you just expire.
Many children receive S/S benefits for health care because of the loss of one or both parents.

Pep

 

Rate of inflation didn't change..rate of buyers did..