The IMF holds a relatively large amount of gold among its assets, not only for reasons of financial soundness, but also to meet unforeseen contingencies. The IMF holds 103.4 million ounces (3,217 metric tons) of gold, worth about $83 billion as of end-August 2009, making it the third-largest official holder of gold in the world.
The IMF's Executive Board recently approved limited sales of gold. Learn more about Gold and IMF.
Tracking Gold Silver and Precious Metals Markets worldwide
Saturday, June 26, 2010
Value Investor Charles De Vaulx Loves Gold
Famous value investor Charles De Vaulx loves gold vs fiat currencies. When asked if gold is going up based on the "great fool theory," De Vaulx says that those buying paper that can be printed endlessly are the greater fools.
Subscribe to:
Posts (Atom)
Popular Posts
-
An ingot is simply a bar of gold; it may have some standard specification as to size or weight, a .9999 is refined gold (highly refined---t... -
Marc Faber : "I'm not sure that Gold will not make a new high this year, but I think we've bottomed out and some gold min... -
Own Gold Directly Where it is Cheaper, Easier and Safer – Bullionvault.com For the wea...
-
Gold Mining Shares have become very very inexpensive says Marc Faber : I am not sure that gold will make a new high this year but I think... -
Central Banks Purchased 70.3 Tonnes Of Gold In April 2012! : Data from the IMF showed that Argentina purchased 7 tons of gold last year as... -
Peter Schiff : I own a lot of gold i own a lot of gold stocks , over the last 6 months to a year they have not gone up in fact the gold st...
-
Thailand is taking part in the global gold rush. There is so much demand for it that the Thai Gold Traders Association says some shops hav...
-
Silver and Gold prices have taken a nose dive on Thursday and then again today Friday . $1,500 Key Support Level for Gold says Jon Nadler, ...
-
Bob Chapman : gold and silver are going to go up a 100 to a 150 percent within the next 6 months Bob Chapman : ...commercials m...
-
Question : Are We Going Back To The Gold Standard ? Jim Rogers : I think it's unlikely. I know there are lots of people who would...
