Showing posts with label IMF. Show all posts
Showing posts with label IMF. Show all posts

Friday, June 24, 2011

Bob Chapman : Central Banks Gold Holdings are bogus

Bob Chapman : The Central banks are allowed by the IMF to lease their gold , they lease it let's say to JP Morgan Chase hypothetically and they get 0.3 percent in interest , obviously they are not doing it to get an income or an income stream ...the IMF allows all these central banks if they chose to , to lease gold to say JP Morgan Chase let's say it is a billion dollars worth and let's say it is for ninety days and at the end of ninety days JP Morgan Chase does not return the gold they give the money US Dollars , so effectively the gold has not been leased it has been sold , now the IMF allows them and this is mind bugling all these central banks to carry all their leased gold on their books as still belonging to them even though they got paid for it , and so that's why all the figures that you see for the gold and silver holdings at the central banks around the world all are bogus


Tuesday, October 27, 2009

China bought IMF Gold , November will be volatile

Gold on Hold


NEW YORK (TheStreet) -- George Gero, vice president of global futures at RBC Capital Markets, argues that gold prices will stay in a narrow range but that November will be a volatile month for the precious metal.
Mon 10/26/09 10:41 AM EST -- Alix Steel
Stocks in this video: SGOL | ABX | GLD | FCX | SSRI | SIRV | NEM | AUY


Tags : China Depletion Devaluation Dollar Federal Inflation Oil Paul Reserve Ron Ben Bernanke FED Gold Jim Money Rogers American Bernanke Bush Ci False Fema Flag Gas Military New North Opec Order Street Union Wall World Bartiromo Business CNBC Maria OIL Builders Euro Home Investing Market Soros Stock Yen Yuan

DAILY NEWS ON BOOZE