Wednesday, January 31, 2007

IMF urged to sell 400t of gold

A panel of financial states people advised the IMF on Wednesday to sell 400 tons of its gold reserves as part of a new strategy to avert a long-term crunch in its finances.

But the International Monetary Fund should proceed with care in selling any gold to avoid destabilising world markets, the panel members including former Federal Reserve chief Alan Greenspan recommended.

Read Full Article at FIN24.co.za

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