Banro - From Gold Explorer to Mine Developer

Banro Gold: Proven and Probable Reserves Increase to 4.52 Million Ounces at Twangiza

Hub Home

> Log In

Demo Video
Private Messages
Edit My Profile
View/Edit Portfolio

Email Updates

AGORACOM News Flash

AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

Aim to develop and manufacture the best technology graphite in the world
Additional shareholder value will come from investment in commercialized graphene through joint venture partner, Grafoid Inc.

Read More | *SPONSOR

INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

AGORACOM Maintenance Alert: Friday Evening Downtime for About an Hour Read More

LOMIKO METALS (TSXV:LMR) Graphite and Zinc Price Outlook is Favourable Through 2013 Read More | *SPONSOR

Message: IMF says its gold sales likely will be staggered

Reply New Message

Back To Forum Go to List View

Fosfate

Rank: [?]

Treasurer

Points: [?]

425

Rating: [?]

Votes: 10 Score: 3.1

Currently 3.1/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

IMF says its gold sales likely will be staggered

posted on Jul 30, 09 09:35AM

By Lesley Wroughton
Reuters
via Forbes.com
Wednesday, July 29, 2009

Moghadam told a conference call the sales would take place through the central bank mechanism "all the time" and could take two to three years.

He said he hoped negotiations on the new Central Bank Gold Sales Agreement will also be finalized by October. The current five-year agreement expires in September.

The IMF said on Wednesday it would use some of the proceeds from the sale of IMF gold to increase lending to poor countries by up to $17 billion through 2014.

The IMF holds 103.4 million ounces (3,217 tonnes) of gold, which had a market value of about $12 billion as of March 31.

#	Title	Rating	Author / Date
2	Re: IMF says its gold sales likely will be staggered	7	booshleague Jul 30, 09 09:57AM
3	Re: IMF says its gold sales likely will be staggered	1	Fosfate Aug 04, 09 02:05PM
4	Re: IMF says its gold sales likely will be staggered	5	booshleague Aug 04, 09 04:26PM
5	Re: IMF says its gold sales likely will be staggered	6	Fosfate Aug 05, 09 02:05PM
6	Re: IMF says its gold sales likely will be staggered	4	teedot Aug 06, 09 09:45AM