IMF to sell 403 tonnes of gold to help poor

http://au.news.yahoo.com/thewest/a/-/world/6077841/imf-to-sell-403-tonnes-of-gold-to-help-poor/ This might make us all poor!

 

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Goody... This might actually cool gold down for long enough for me to consider getting one or two pieces that I'm not willing to buy at the moment because of the gold price....

 

GOOD! I want Gold and Silver to DROP LIKE A ROCK!!! $8/oz silver would be great again when I can ACTUALLY buy this time!

some big company needs to drop alot of silver on the market to feed the poor too!

 

BTW when is this suppose to start happening?

 

reading through the article it sounds like this has been in progress for several months already and will a while to complete... I imagine it can't be that easy to find a buyer for $13 Billion in gold

 

maybe I should sell my 1/4 oz panda, I wouldn't want anything less than 250$ for it

 

I'll give you $187 for it

 

haha

 

um no

 

what's the numismatic value for that coin anyways?

 

This is old news, already discounted into the price. Latest I've seen is that it will be sold through private placement and not dumped on the market so it shouldn't have much of an impact on the price.