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Monday, April 07, 2008
Now the IMF is Having Problems: It's Selling Off Its Gold!
You might think that the International Monetary Fund is exempt from financial problems. Not true. The IMF needs cash, and the best way to raise it is by selling of some of its gold, about $6 billion worth. This sale of their gold represents about 12% of their holdings. They are taking advantage of the fact that gold is selling around $1000 an ounce.
Posted by Stockerblog at 10:20 PM
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