Thursday, August 11, 2011

What do you think of the IMF selling over 400 tons of gold?

Thanks, I missed that one. Relatively insignificant but interesting. I presume they will just move it from one cage in the bank to another and not actually deliver it to the open market. Might make a difference if they put it on the open market. Math guy, isn't gold measured in troy ounces and a ton of gold is considerably different from a regular ton? Most I've ever dealt with is a few coins. Pretty.

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