The Group of 20 has announced that they will pump up the world economy by funding the International Monetary Fund with an infusion of $1 trillion dollars.
It was also agreed that the IMF should sell off a portion of their bullion holdings to provide additional funds to impoverished countries . The IMF currently holds about 100 million ounces of gold. The day of the announcement, gold fell 2.5%. Some estimate that gold will fall to $855 per ounce by the end of April.
More HERE, HERE and HERE.
It was also agreed that the IMF should sell off a portion of their bullion holdings to provide additional funds to impoverished countries . The IMF currently holds about 100 million ounces of gold. The day of the announcement, gold fell 2.5%. Some estimate that gold will fall to $855 per ounce by the end of April.
More HERE, HERE and HERE.
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