G7 approuve vente gold FMI

skipper Inscrit le : 05 Fév 2005 Messages : 8934

je vois plusieurs choses ..

-1 le timing de cette annonce .... est suspect .... juste au moment où le cartel n'arrive plus à controler le cours de l'or ..

-2 si le fmi voulait vendre son or au meilleur prix, il ne ferait pas ce genre d'annonce .. 4 mois à l'avance ...( puisqu'on parle d'une décision qui SERAIT finalisée en avril )
ou alors il en a rien à foot de le vendre moins cher??

-3 enfin et jusqu'à présent, les usa qui ont un vote majoritaire, avaient tjs mis leur véto ..
l'article se garde bien d'évoquer ce point précis ..

bref, on verra bien, mais ça ressemble, pour le moment à l'intoxication habituelle ..

4- enfin et dernier point , chaque fois que FMI a vendu de l'or ... depuis 1999 .. ça n'a pas empeché les cours de monter ..

http://uk.reuters.com/article/marketsNewsUS/idUKL0969041520080209?pageNumber=1

G7 approves IMF gold sales - Italy econ minister

TOKYO (Reuters) - The Group of Seven rich nations on Saturday approved the sale of gold by the International Monetary Fund from April as part of a broad reform of its budget, Italian Economy Minister Tommaso Padoa-Schioppa said.

"There was an acceptance among the G7 that resources should be raised by selling gold," Padoa-Schioppa, who is also the head of the IMF's steering committee (IMFC), told reporters after a meeting of G7 finance ministers in Tokyo.

He said the agreement would be finalised in April and would complement spending cuts being drawn up by the IMF under its new managing director, Dominique Strauss-Kahn.

"The current gold price means a flow of income can be ensured," Padoa-Schioppa said.

Morgan Stanley analyst Stephen Jen said the Fund held 103.4 million ounces of gold worth some $92 billion at current market prices. That was up from $23 billion just five years ago.

"The IMF is rich, if it wants to be," he wrote in a recent note to clients, issued before the G7's approval of the gold sales. "This is arguably a good time to consider selling some of these gold holdings and investing the proceeds in financial securities with positive yields."

A surge in oil prices has boosted gold's appeal as a hedge against inflation.

The precious metal gained more than 30 percent in 2007 as safe-haven buying increased due to the credit market turmoil and worries about the health of the dollar as it fell to record lows against the euro.
Gold continued its upward march this year. Cash gold hit a record high of $936.50 an ounce on Feb. 1, up about 12 percent since the start of the year, and was quoted at $918.00/918.70 an ounce in late New York on Friday.

Padoa-Schioppa noted that in the case of the United States, approval for gold sales would be required by Congress, meaning "the administration must present a proposal and support it".

Padoa-Schioppa said he would step down as president of the IMFC because of the recent fall of the Italian government which meant he would soon lose his job as economy minister.

Asked if he would continue as IMFC head, he said: "I don't believe so, it has to be a minister in office, and soon I will no longer be a minister in office."
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Pépite Bull

skipper Inscrit le : 05 Fév 2005 Messages : 8934

je vous rappelle tout de même que
et tjs sur le timing de cette soit disant information ...

-anglogold et un autre producteur sont en train de couvrir leur hedge ... anglo particuliérement en hate .... vu qu'il va souffrir des pbs d'NRJ en af du sud .. ..
c'est c.on heind'avoir vendu à terme, une production qu'on ne pourra pas livrer ...

http://000999.forumactif.com/les-hard-investors-f7/dehedging-apres-anglogold-qui-a-annonce-recemment-t8021.htm

- et on a cette annonce fmi ds ce timing la???

heu ..... coincidence, bien entendu ;-)))

bref, ça CONFIRME que le cartel
est ds une sacrée m.erde ...

bref, voila une nouvelle extremement BULL ;-)
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Pépite Bull

captain' Inscrit le : 05 Fév 2005 Messages : 5146

skipper Inscrit le : 05 Fév 2005 Messages : 8934

avis de sinclair

http://www.gata.org/node/5988

Jim Sinclair: Any IMF sales will be great for gold
Submitted by cpowell on Sun, 2008-02-10 05:32. Section: Daily Dispatches
By Jim Sinclair
www.JSMineset.com
Saturday, February 9, 2008

China has a trillion dollars in reserves and wishes to offload dollars, and this is a perfect fit. The year of the rat is a year of opportunity for some.

Any sales of gold have nothing to do with the market for gold, as not one ounce will ever see the free market.

The buyers will be gold-poor central banks.

The history of IMF sales in the 1970s is that they allowed huge buyers to enter the market at one price. That attracts the major buyers.

The OTC derivative market is $516 trillion, dwarfing the $92 billion estimated value of the IMF's gold. In today's messed-up financial world $92 billion is chump change.

One large banking entity could easily lose $92 billion on failed derivatives. ...

I do not think the reports of an IMF gold sale mean anything to the gold price trend. The only important fact is that the IMF has just demonstrated its total lack of financial sense, as in exchange for its gold it might end up holding only depreciating paper promises to pay nothing at all backed by nothing whatsoever.

Selling of gold like this occurs only in bull markets and has historically been useless to stop the price increase. In fact in the 1970s these sales pushed gold higher by facilitating demand from huge interests, and will do so even more so now.

Large traders could try to make this look serious but it is not.

This has Chung Phat and Dr. No high-fiving, as it indicates that the price of gold is not even halfway to its upside resting point. This was true in the '70s.

Finally, those who control black gold also control gold gold. Those you feel have caused the problem and are anti-gold are not. To know this you need only the eyes to see and the ability to connect the dots.

This will be looked back on as great for the price of gold, as was the case in the '70s when the same entity, the IMF, proposed and did the same thing, only to stop before the buyers took all their gold. The same will happen if the IMF even starts.

Note that the proposed sales would come when the U.S. economic rescue plan is to occur. The reason is clear
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Pépite Bull

skipper Inscrit le : 05 Fév 2005 Messages : 8934

- l'analyse de C.Powell hyper synthétique, ici

-pas mal de choses à ce sujet sur midas de ce soir qui bien évidemment
note, le timing suspect ( et la néme réedition ) de ce type d'annonce mdr1

- les usa ont un droit de veto sur ce sujet .. et jusqu'à présent ils s'y sont toujours opposés

- si ça se fait ... c'est vraiment signe que le cartel a besoin d'augmenter ses réserves de physique ( un peu comme les réserves obligatoires d'une banque .. Wink

)

- enfin et bien évidemment si ça se faisait ( et certainement pas pour la totalité ) les ventes se feraient hors marché .. comme ça a tjs été le cas ... avec devinez qui qui à l'achat?? aaarf

le cartel, trop heureux de trouver de quoi couvrir ses shorts positions .... mais entre les 3217 T métriques que posséde le fmi et les 10.000 T qui restent à couvrir ... sont pas au bout de leurs soucis ..

traduction google , ici ... allez sur le dernier post de la file

source www.metropolecafe.com

For YEARS (at least 6 times) the IMF has threatened to sell some of its gold, usually 400 tonnes, when the price of gold has surged. They go through the same drill and then the issue is dropped. This time the G-7 has given the IMF the go ahead to sell ALL of its gold. However, the US Congress must approve the sale of any IMF gold, so who knows. There are numerous points to be discussed here and your fellow Café members (in addition to what Chris P sent out in his GATA dispatch) have done a fine job of doing so. Thus, I will turn it over to them….
Bill,
The agreement at the G7 to allow the IMF to sell some of its gold is a confirmation of what I have been pounding the table about recently. The Cartel is against the ropes for supply!
My guess is that each 10 ozs of gold demand can be met with 1 physical oz of gold (and that may be conservative). This is because there are many paper instruments such as futures, pool accounts, GLD, derivatives etc. It is just like fractional reserve banking in the days of the gold standard. Many investors thinking they are investing in gold do not have title to a particular piece of bullion. Just like fractional reserve gold banking it worked fine until depositors got a whiff of a shortage of gold. Then you need 1 oz of physical gold for every 1 oz demanded. Mining supply is declining, CB stocks have been depleted to very low levels, and miners are dehedging. All this was already straining Cartel supplies…then out of the blue South Africa has a power crisis likely to reduce output by at least 20% for many years to come! As investors get a whiff of a "shortage of gold" more people will want to own the real stuff instead of paper alternatives then perhaps 10 ozs of demand may require 2 ozs of physical gold …that small change would DOUBLE the amount of physical gold supply required!! This is why declining supply is such a dramatic development. The loss of gold production may only be tens of tons or maximum 100 tons but if that triggers a shortage that can not easily be met then demand could increase by 1000 tons or more in a very short time.
The Cartel is desperate to get more gold supply to avoid a "gold bank run" equivalent being triggered…or perhaps what we might term "a GOLD RUSH 21"!
If the IMF sells its gold it will not be a "disposal". It will be "transferred" to the Cartel by arranged sale. Look who was eligible for entering the UK Gold Auctions
QUOTE
http://www.hm-treasury.gov.uk/mediastore/otherfiles/GoldReserves.PDF
Those eligible to bid included members of the London Bullion Market Association (both market makers and ordinary members), and central banks and other international monetary institutions holding gold accounts at the Bank of England.
END
Essentially only the Cartel and market insiders got to submit a bid, and from there you can be sure that only the ones from the Inner Sanctum got to have any gold.
Don’t expect the IMF to put any gold on eBay! The gold will be transferred by arranged sale to the desperate Cartel who is gagging on its short positions.
Many investors may be feeling uneasy about this potential IMF gold sale. To me it is FANTASTIC news; it has made my weekend!! This is yet another sign of a lack of available physical gold supply. This is one step closer to an uncontrollable and dramatic rise in the precious metals prices.
Cheers
Adrian
Hi Bill!
So the IMF is threatening to sell some gold again? Hmmm, I seem to remember hearing threats like that before. What a reliable indicator of gold strength it is to have the IMF floating the gold sale balloon yet again.
I think its odd that news comes out without yet having US congressional approval which must occur before any sale takes place. I also think its odd that no specific amount of gold to be sold was reported, yet they did mention the entire bullion holdings of IMF. Is the IMF going to sell every ounce of gold? I dont think so, and in previous discussions on that topic, they always suggested they would sell a chunk of it to raise cash. So why are they releasing this statement now, with so little disclosure on what they plan to do?
Is there another hedge fund that is breaking down, similar to LTCM a few years ago, and the situation is so critical that the only remedy is to break off some of the last big gold holdings to fill the void? Is this yet another obvious ploy to 'talk' gold lower at a time when it has the potential to breakout past the $1000 per ounce barrier? We do not have to look back very far, when the UK sold off their gold reserves and did so in a way that almost guaranteed that they would recoup the lowest value for the gold, and in doing so succeeded in driving the spot gold price down.
I think the crisis affecting South African gold production may be very serious indeed, if the IMF card is to be played for once and for all. The Cartel is running out of aces to play.
Think about this quote: "The IMF is rich, if it wants to be." Just when the hell was the mandate of the IMF to become rich? The IMF appears to be yet another political slush fund to be employed as a blunt weapon whenever the status quo is threatened. Let them sell their gold and reap the whirlwind after realising a short term gain for their agenda. It worked out so well for the UK... not.
cheers!
Mexico Mike
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Pépite Bull

skipper Inscrit le : 05 Fév 2005 Messages : 8934

en clair les ventes wag 4 devraient .. au rythme actuel ne pas dépasser 200T pour l'année wag ( du 1er oct au 30 sept ) ... et si on rajoute les tres hypothétiques 400 T du fmi ... ça nous ferait guére que 100T de plus que le quota autorisé par les accords de Washington agreement ..

ce qui aurait du mal à ''compenser" le déhedging et la baisse de la prod mondiale d'or

source www.metropolecafe.com , Adrian Douglas

Bill,
I don’t know if you saw this:
Weekly European gold sales fall below 2 tonnes
http://www.resourceinvestor.com/pebble.asp?relid=40411
If the current run rate continues the ECB sales are likely to barely reach 200 tonnes for the WAG year. Even if the IMF sale of 400 tonnes gets the go ahead this will not represent any major increase and will not offset falling mine output and increased de-hedging.
Cheers
Adrian
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Pépite Bull

skipper Inscrit le : 05 Fév 2005 Messages : 8934

la manip du jour ... la veille de l'expiration des options gold et silver .. quel timing !
les déclarations du sous secrétaire d'état au trésor Mac Cormick.( le"porte parole" de la désinformation manipulatoire de Paulson ) . qui fait semblant de confondre le trésor et le congrés !
c'est bien le congrés et non pas le trésor US qui doit approuver la vente d'or par le FMI.. ne lui en déplaise ..
congrés à majorité démocrate Wink

vous admirerez également , le changement de ton de la 2eme déclaration, après la fermeture du comex mdr1

quelle bande de guignols !

source www.lemetropolecafe.com

Gold was meandering around $2.50 higher on the day when General Paulson’s pitiful Gold Cartel crew launched a criminal-like assault on gold by announcing the following:
U.S. TREASURY'S MCCORMICK SAYS CONFIDENT CONGRESS WILL SUPPORT SALE OF SOME IMF GOLD
MCCORMICK SAY GOLD SAYS MOST VIABLE WAY TO RAISE MONEY FOR IMF'S INCOME NEEDS
US Treasury to support IMF gold sales if linked to cost-cutting, reforms

Mon, Feb 25 2008, 15:04 GMT
http://www.afxnews.com WASHINGTON (Thomson Financial) - The US Treasury, in a significant policy shift, has decided it will support gold sales from the International Monetary Fund's reserves if they are part of a package of cost-cutting and other reforms of the way the international financial organization operates.
Under Secretary for International Affairs David McCormick will lay out the details in a Washington speech later today. In a pre-address briefing for reporters, he said the Bush administration -- which had until now opposed selling IMF gold reserves -- would support a sale of the scale of roughly 8 pct of the IMF reserves or 12.9 mln ounces as part of a package of reforms which also included significant cost-cutting in IMF operations.
The proceeds would be used to create an endowment from which the income would be used to finance the IMF operations.
McCormick said also that the IMF needs to refocus its mission toward international exchange rate surveillance and global financial stability and away from its traditional lending to emerging market countries.
Those economies are now increasingly able to borrow in the private international financial markets, and the loss of their interest payment revenue is a key source of the IMF's current financial problems.
-END-
Geez, what a surprise … the Treasury announces a change of their official stance on IMF gold sales the day before a pivotal gold/silver option expiry. The retreating desperados pulled another rabbit out of the hat.
To support how calculated and desperate this Treasury announcement was, the DEALERS were the major BUYERS of the April gold contract when it traded sharply lower … down $7 to $12. The funds, sighted as the major buyers last week, were the featured sellers. Thus, the trapped vulnerable dealer/Gold Cartel shorts were handed a gift to lighten up on their vulnerability to the rising price of gold. Love those free markets we have in the US.
As the day wore on, gold staged a comeback after these headlines surfaced and The Gold Cartel had the time to cover some shorts earlier in the trading session:
US'S TREASURY'S MCCORMICK-NO TIMELINE FOR WHEN CONGRESS WILL BE ASKED TO APPROVE IMF GOLD SALES

MCCORMICK-HOPE TO BUILD SUPPORT IN CONGRESS FOR IMF GOLD SALES WHILE BUSH STILL IN OFFICE
McCormick and the gang knew exactly what they were doing … laying out the order of what was to hit the tape and when. Criminal is too kind of a description for this bum … and just who is McCormick? One of Paulson’s cronies, of course…
Hi Bill -
Regarding the US "support" for IMF gold sales... here's the guy who made the comment, David McCormick:

http://www.ustreas.gov/organization/bios/mccormick-e.html

Basically, he started at is position in August 2007 and was hired by Paulson. Classic mis-information play by Paulson to have his support staff appear to be speaking for the USA.

Of course the US Treasury has no say in whether or not the IMF can sell gold. Only the US Congress.

It is so obvoius to see the manipulation with this grand statement right before the COMEX termination date.

Paulson's the name....Manipulation is the game!

"They" are on the run!
Bix

So the Treasury, under General Paulson, scares scores of longs out of the market as they sell in knee-jerk reaction by market participants to an incomplete statement by The Gold Cartel and sycophant, dopey gold market reporters. Instead of imminent supply hitting the physical market, it will be lucky if any gold hits the market by until later in the year. (Whether any of this potential gold supply will ever hit the open market in the end is another matter entirely.)
Now that the Comex closed for the day, this JUST IN:
IMF gold sales timing unclear- Treasury's McCormick

WASHINGTON, Feb 25 (Reuters) - U.S. Treasury Under Secretary David McCormick said on Monday it was still unclear when the U.S. Congress would be asked to approve proposed International Monetary Fund gold sales and the move would depend on implementation of the IMF's reform agenda.

"We've done a fair amount of work already in terms of doing outreach to members of Congress," McCormick told an audience in Washington, saying there was already bipartisan support for the move.

"We would hope that we will be able to build support for action while President (George W.) Bush is still in office. If that turns out not to be the case given the timing then we hope the work we're doing will lay groundwork for the next president," he added.
-END-
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Pépite Bull

skipper Inscrit le : 05 Fév 2005 Messages : 8934

- pas de timing pour les ventes fmi .. => pas de ventes !! mdr1

- mieux encore, si les ventes se faisaient sur le marché .. le montant vendu devrait prendre en compte les limites du quota wag 2 soit 500 t / an ..

- et enfin ... le meilleur ..
ces ventes nécessitent l'approbation du congrés ( démocrate ) qui s'y est d'ailleurs opposé jusquà présent et d'une majorité de 85% des pays membres

http://www.guardian.co.uk/feedarticle?id=7344838

autre confirmation de la part du porte parole du FMI, Massod Ahmed:
les éventuelles ventes du fmi se substitueraient à celles non effectuées ds le cadre du washington agreement .. ( limite 500 T / an)
ce point avait été évoqué ds la file, et nous avons donc confirmation que ces ventes, si elles se font ont pour unique but de pallier au freinage des ventes des BC européennes, de moins en moins enclines à larguer leur réserves de gold ...
et qui ont l'intention de laisser la tache d'intervenir sur gold market aux bloc US et associés , qui possédent par ailleurs un droit de véto sur ces ventes IMF

http://www.moneyweb.co.za/mw/view/mw/en/page55?oid=195417&sn=Detail%20listen%20link
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Pépite Bull

skipper Inscrit le : 05 Fév 2005 Messages : 8934

un topo tres complet sur les relations du systéme monétaire $, l'or et l'or du FMI depuis 1974

http://www.drschoon.com/articles/IMFGoldBringItOn.pdf
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Pépite Bull

skipper Inscrit le : 05 Fév 2005 Messages : 8934

LOL, avec ça, c'est pas prêt de se faire ... pas étonnant qu'ils n'aient pas donné de calendrier pour les ventes .. mdr1

le dernier § en dit long ... magnana per la magnana comme disent nos amis latinos .. aaarf

skipper Inscrit le : 05 Fév 2005 Messages : 8934

je me demandais à quel moment opportun, ils allaient nous ressotir ce truc. voila qui est fait avec un nouveau communiqué ce jour, qui n'apporte bien entendu rien de nouveau ... et pour cause, puisque tout est suspendu au vote du congrès .. et qui n'avait pour but que de relancer l'attaque de ce jour

en revanche il est interessant de se poser certaines questions, notamment sur l'or réellement possédé par le fmi..ou celui de ses partenaires BC .. ce qui comme vous le verrez est lié en la circonstance Wink

www.lemetropolecafe.com

Good Morning Bill (from Qatar)
The news on IMF gold that they don't want you to read
It is not often that the same piece of news is headlined on countless occasions, but once again yesterday, the IMF announced its proposed sale of 403 tonnes of gold (the very same gold that it tried to sell in 1999) and this news is again today's headlines. Bearish news for gold? Well let me write the article and see what you think!
Despite the firm "no" from the Clinton administration in 1999, the IMF today announced that it had made some progress in getting agreement to sell 403 tonnes of gold reserves, which injection of liquidity, if successful, would go some way to help the organization from avoiding the fate of Bear Stearns. The IMF also strongly stressed today that this proposed sale would not add to official central bank gold sales but would basically enable the WAG2 run rate of 500 tonnes per annum to be maintained up to Sept 26th 2009.
This information is important because several studies (Howe, Venoroso, Turk, Chevereux) have all suggested that central bank clandestine swap/loan/lease operations have depleted central bank (2005) official total gold holdings by at least 15,000 tonnes to the extent that this full dehoardind of 1,000 tonnes of official gold sales up till Sept 2006 was in jeopardy. The FED's own gold reserves of 8,1000 tonnes have morphed into a description of "loaned/swapped" gold from a most curious designation of "gold in deep storage", previously appended to this line item in its accounts. Clearly this gold is "vaporous". Whilst indeed the FED was successful in engineering the recent retreat in the gold price, this was only achieved after G8 co operation-no one in their right mind has ever suggested that all central bank gold has been swapped/loaned/leased, just most of it.
But if you are short gold, unfortunately you are not completely off the hook by this news that the gold price may be suppressed by the full WAG2 quota allocation in the next two years. The current IMF gold holdings of 3,217 tonnes came into existence in the seventies by certain quota transfers of gold to the IMF. Did these physical transfers of gold ever take place, or is the IMF gold merely represented by the right to call up such transfers, with the physical vault gold remaining in the custody of the donating central bank (and being double counted for the last 35 years!)? Nobody is saying if these transfers ever occurred, and they certainly cannot happen now if they didn't happen then (because that gold is most certainly gone).
Also, if these transfers did take place, where was the IMF gold physically stored? Again no one is saying. Even if the IMF obeyed its own rules and did not swap/lease/loan this gold, the physical custodians of the gold (people like the British, Americans and the French) may well have been tempted to do just that! So unless you have personally witnessed this IMF hoard of physical vault gold, and satisfied yourself that it is truly unencumbered, do not trust in this notion of IMF gold sales to bring succour to your short position in the gold market.
Regards
Nicholas
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Pépite Bull

captain' Inscrit le : 05 Fév 2005 Messages : 5146

Chavez says IMF is selling gold cheap
source GATA : Le Metropole Members,

Chavez says IMF is selling gold cheap

Submitted by cpowell on 07:39PM ET Saturday, April 12, 2008. Section: Daily Dispatches
From The Associated Press
Saturday, April 12, 2008

http://biz.yahoo.com/ap/080412/venezuela_us_finance_meetings.html?.v=1

CARACAS, Venezuela -- Venezuelan President Hugo Chavez said Saturday that his government could afford to buy some of the International Monetary Fund's gold reserves as the Washington-based lender faces hard times.

Chavez raised that idea with a chuckle as the IMF, the lender of last resort for countries in trouble, considers trimming costs by selling off some of its gold reserves.

"Look at how the U.S. empire must be in unimpeded decline, that the International Monetary Fund ... is selling its crown jewels," Chavez said during a speech at a military parade.

"The International Monetary Fund is selling what gold it has left to be able to pay salaries," Chavez said. "We could give a loan to the monetary fund. ... We could buy some gold bars. ... I think they're selling gold cheap."

Chavez spoke as the IMF and World Bank were holding weekend discussions in Washington. One proposal on the agenda would trim 15 percent of the IMF's staff and sell about $11 billion in the institutions' vast gold reserves.

A vociferous critic of the U.S. government, Chavez also has long opposed the policies of the IMF and the World Bank. He called the IMF "the financial arm of the empire."

The leftist leader spoke during a parade marking the anniversary of a failed 2002 coup that briefly drove him from power. He accuses U.S. President George W. Bush's government of being behind the coup, which U.S. officials deny.

Speaking to troops, Chavez said of the U.S.: "It's an empire in decline, but it's still very dangerous."
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SILVER is KING...Go GOLD...!!!

captain' Inscrit le : 05 Fév 2005 Messages : 5146

First, correspondence between GATA and the International Monetary Fund suggests that the IMF cannot or will not account for the gold it claims to be preparing to sell. That is, the IMF will not specify how much of its gold is held at each its four national depositories, nor disclose whether that gold is audited. Further, the IMF's correspondence with GATA implies that the IMF's gold is actually just a claim on the gold reserves of its member nations, not gold segregated in any way from those national reserves.
Second, the Federal Reserve, in response to GATA's freedom-of-information request for access to documents involving gold swaps, has confirmed that it has such documents, that some of those documents contain secrets about gold, and that the Fed plans to keep these secrets.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

http://www.gata.org/node/6243
_________________
SILVER is KING...Go GOLD...!!!

skipper Inscrit le : 05 Fév 2005 Messages : 8934

HO purée .. traduction rapide pour nos lecteurs anglophobes ..

First, correspondence between GATA and the International Monetary Fund suggests that the IMF cannot or will not account for the gold it claims to be preparing to sell. That is, the IMF will not specify how much of its gold is held at each its four national depositories, nor disclose whether that gold is audited. Further, the IMF's correspondence with GATA implies that the IMF's gold is actually just a claim on the gold reserves of its member nations, not gold segregated in any way from those national reserves.

le FMI ne peut pas ou ne souhaite pas compter le montant des réserves d'or qu'il prétend se préparer à vendre

le FMI ne précise pas quel est le montant des réserves stockées auprès des 4 principaux "gardiens" sur le territoire national , pas plus qu'il ne précise si le montant de ses réserves a fait l'objet d'un audit

l'or du FMI n'est qu'une créance sur l'or des réserves de ses pays membres, et en aucune manière l'or séparé des mêmes réserves nationales

olala c'est un scoop ça .... lisez et relisez bien ....

apres faudra se demander comment tout cela est compté :

créance du fmi : compté une fois
est ce que cette créance du fmi est décomptée des réserves nationales des pays membres??.. car ds le cas contraire, on aurait ENCORE des réserves comptées 2 fois ..

hum

Second, the Federal Reserve, in response to GATA's freedom-of-information request for access to documents involving gold swaps, has confirmed that it has such documents, that some of those documents contain secrets about gold, and that the
Fed plans to keep these secrets.

2- la fed en réponse à la freedom information act du Gata, pour accéder aux documents relatifs aux préts de gold, a confirmé qu'elle avait bien de tels documents, que certains d'entre eux contenaient des informations confidentielles , que la FED entend conserver confidentiels
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Pépite Bull

skipper Inscrit le : 05 Fév 2005 Messages : 8934

http://www.gata.org/node/6241

extrait concernant les réponses du FMI

This month I wrote to the managing director of the IMF, Dominque Strauss-Kahn, with five questions about the IMF's gold. I copied the letter to the IMF's press office by e-mail, and quickly began to get some answers from one of its press officers, Conny Lotze.
My first question was: "Your Internet site says the IMF holds 3,217 metric tons of gold 'at designated depositories.' Which depositories are these?"
Conny Lotze of the IMF replied, but not specifically. She wrote: "The fund's gold is distributed across a number of official depositories," noting that the IMF's rules designate the United States, Britain, France, and India as IMF depositories.
My second question was: "If you'd prefer not to identify the depositories for security reasons, could you at least identify the national and private custodians of the IMF's gold and the amounts of IMF gold held by each?"
Conny Lotze replied, again not very specifically: "All of the designated depositories are official."
My third question was: "Is the IMF's gold at these depositories allocated -- that is, specifically identified as belonging to the IMF -- or is it merged with other gold in storage at these depositories?"
Conny Lotze replied, still not very specifically: "The fund's gold is properly accounted for at all its depositories."
My fourth question was: "Do the IMF's member countries count the IMF's gold as part of their own national reserves, or do they count and identify the IMF's gold separately?"
Conny Lotze replied a bit ambiguously: "Members do not include IMF gold within their reserves because it is an asset of the IMF. Members include their reserve position in the fund in their international reserves."
This sounded to me as if the IMF members are still counting as their own the gold that supposedly belongs to the IMF -- that the IMF members are just listing the gold assets in another column on their own books.
My fifth question to the IMF was: "Does the IMF have assurances from the depositories that its gold is not leased or swapped or otherwise encumbered? If so, what are these assurances?"
Conny Lotze replied: "Under the fund's Articles of Agreement it is not authorized to engage in these transactions in gold."
But I had not asked if the IMF itself was swapping or leasing gold. I had asked whether the custodians of the IMF's gold were swapping or leasing it.
This prompted me to raise one more question for Conny Lotze. I wrote her: "Is there any audit of the IMF's gold that is available to the public? I ask because, if the amount of IMF gold held by each depository nation is not public information, there doesn't seem to be much documentation for the IMF's gold, nor any documentation for the assurance that its custody is just fine. Without any details or documentation, the IMF's answer seems to be simply that it should be trusted -- that it has the gold it says it has, somewhere."
And Conny Lotze ... well, that was 10 days ago, and she has not answered that question yet, and I don't think she is going to. For I'm beginning to find that the only thing that offends a government officer more than a four-letter word is that five-letter word: A-U-D-I-T.
That the International Monetary Fund apparently refuses to account for the gold it claims to have should be potential news for the financial media. We hope they will pursue that issue before they next attempt to scare the gold market with stories about IMF gold sales.
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Pépite Bull