If you're an American, perhaps you should call your senator's office. Tell them you believe that markets must be allowed to operate freely.

Would it be fair trade if the IMF had accumulated millions of shares in Microsoft or Apple and then suddenly decided to dump them?

Here's an excerpt from an article I read this morning. It clearly shows that the IMF is aware that their actions will affect the market. It also shows that there are Senators who have a vested interest in not seeing this dump. If somehow this were stopped it would be a huge boost to the price of gold.

If you are an American, write to your Senator. Tell him what you think!

HSBC gold expert James Steel told the Telegraph that Congress can effectively block the gold sale. The U.S. holds 17 percent of the IMF’s votes, and any major change requires a super-majority of 85 percent.

"A number of senators representing mining states may not look too favorably on this,” he told the newspaper.

The IMF assured that, "If approved, gold sales would be conducted in a transparent manner with strong safeguards to ensure that they do not add to official sales and avoid any risk of market disruption.”

The IMF also said the sale would take place over several years and would be part of an existing agreement that limits central bank sales to 500 tons a year.