April 02, 2009
IMF Gold Sales May Give China Chance to Diversify
The G20 summit hopes to pump $1 trillion (US dollars) into the IMF and World Bank. Word is the IMF will be allowed to sell some of its gold reserves to fund initiatives to help the world's poorest over the short term. Speculation by some analysts are that IMF gold sales will be off-market and outside the West's Gold Agreement and give nations such as China burdened with excess dollar reserves a chance to diversify into gold...
Labels: currencies, gold, panic of 2008
# posted by Sinomania! : 4/02/2009 12:12:00 PM
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