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statesidereport

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Re: IMF to Begin On-Market Sales of Gold - (Part Two)

in response to

IMF to Begin On-Market Sales of Gold - (Part Two)

hobbers

posted on Feb 17, 2010 09:37PM

The thought among Sinclair and other gold analysts was that India or China would buy the remaining IMF gold off-market. If the IMF is forced to dump gold on-market without any soverign funds involved, it would certainly cause one to wonder why the East would hold dollars vs gold. Time will tell. One would think China wouldn't wait and would swoop in now.