Everyone sells the only things of real intrinsic value that they have, valuable commodities, in this instance Gold, in order to get themselves out of debt trouble. Shows you how valuable commodities are. The only reliable store of value.
"difficult and necessary choices" means to sell the only thing you've got. "Sustainable income" means selling the gold. Somewhat like a foreclosure on the house.
BK
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The IMF said it will sell 403.3 metric tons of gold, currently valued at more than $13 billion, and cut substantial costs as part of an efficiency drive.
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The IMF gold sales 'would come in handy for the gold market -- and I say that as a gold bull.'
— Ross Norman, FastMarkets Ltd.
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In a statement on Monday, managing director Dominique Strauss-Kahn said the IMF had made "difficult but necessary choices" to close an income shortfall and make the agency more efficient through a "new and sustainable income and expenditure framework."
