IMF denies selling or leasing gold this year
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Submitted by
cpowell on 03:46PM ET Thursday, October 30, 2008. Section:
Daily
Dispatches 6:45p ET Thursday, October 30, 3008
Dear Friend of GATA and Gold:
In response to an inquiry from GATA, the International Monetary Fund today
told the office of U.S. Rep. John B. Larson, D-Connecticut, that it has not
sold, leased, or lent gold this year and, indeed, has not done so since 1999.
The IMF referred Larson's office to three documents for further
information.
1) IMF Gold Sales -- Frequently Asked Questions:
http://www.imf.org/External/NP/EXR/faq/goldfaqs.htm#q22) Gold in the IMF:
http://www.imf.org/external/np/exr/facts/gold.htm3) A press release from May, "IMF Board of Governors Approves Key Element of
IMF's New Income Model":
http://www.imf.org/external/np/sec/pr/2008/pr08101.htmGiven its correspondence with the IMF's press office back in April (
http://www.gata.org/node/6242), GATA
remains skeptical that the IMF has any gold at all, skeptical that the IMF's
gold is much more than a tenuous claim on the gold reserves of some of its
members. But at least as of today the IMF denies having sold or lent gold
lately.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee
Inc.
Hardinvestor
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