I go back to my earlier thought: if this is indeed an auction, what happens if there are other bidders?

And I read from tonight's Midas:

India seen as potential buyer of IMF gold

India seen as potential buyer of IMF gold

* India’s gold holdings still behind other major economies
* Closely watches gold prices for buying opportunities

NEW DELHI/MUMBAI: India’s central bank, which has increased its gold holdings to diversify its reserves, looks set to be a buyer again when the International Monetary Fund begins selling 191.3 tonnes of the precious metal amid volatility in major currencies.

The uncertain outlook for two of the world’s major reserve currencies — the dollar and euro — provides a spur for central banks, including India’s, to buy gold. India’s gold holdings lag those of major economies despite a big purchase in October.

http://www.dailytimes.com.pk/default.asp?page=2010\02\25\story_25-2-2010_pg5_44

So we see two of the worlds fastest growing economies anouncing that wil be bidders for actual physical metal, not crimex paper. I wonder; who else will show up?

I think this will be REAL Interesting!! It can't be anything but GREAT for metal minded folks like all of us!