Another mysterious IMF gold sale — plugging the London leaks?

8:05p ET Tuesday, May 4, 2010 Dear Friend of GATA and Gold: Another unexplained sale of gold by the International Monetary Fund turned up today in another Reuters story based on another statement from the World Gold Council. This time the sale is said to have been 18.5 tonnes unloaded in March. Two weeks ago [...]

So where’s Yamashita’s silver?

1p ET Sunday, October 18, 2009 Dear Friend of GATA and Gold (and Silver): In reply to Thunder Road Report editor Paul Mylchreest’s new study of the gold market (http://www.gata.org/node/7906), which concluded that the market is either terribly short real metal or is laundering fantastic amounts of improperly obtained gold, perhaps the fabled “Yamashita’s gold” [...]

Congress to Approve IMF Gold Sale This Week

Brian Kelly submits: This week the Supplemental Budget Appropriations Bill goes to committee to reconcile the differences between the House and Senate. While most eyes will be focused on the political horse trading that will surely be a part of the process, we will be focused on Title XIII of the bill. Title XIII, Section [...]

Congress expected to approve IMF gold sale next week

Commodity Online LONDON — The International Monetary Fund’s decisiion to sell its gold reserves could get the necessary approval from the US Congress next week. At the G20 summit in London in April, participating countries agreed the IMF could sell 403.3 metric tons of gold as part of efforts to leverage up to $6 billion [...]

IMF gold sale is from existing agreement

The G20 communique released on April 2nd has confirmed that the sale of International Monetary Fund (IMF) gold quoted by ministers during the G20 conference refers to an existing agreed sale of 403 tonnes, and not to any additional sale. The communique states that: "We have committed, consistent with the new income model, that additional [...]