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Message: IMF takes up gold sales to expand lending

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tectol

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Re: IMF takes up gold sales to expand lending

in response to Re: IMF takes up gold sales to expand lending by troth78

posted on Sep 24, 09 07:05AM

I believe if the gold from the IMF is quickly bought by central banks this will be a bullish sign for gold in monts to come , even Barrick was rumoured to be interested in buying some of that gold and i think many other private interest will show interest especialy if it were to be retailed at a discount from spot price though the IMF said they would sell it over a period of time at spot price in order to get the most out ot it .

If larger parties express their interest in buying the whole amount quickly then the IMF might reconsider it's initial strategy .

Regards !

Tec

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