We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
Will gold price drop? IMF sells "On Market"
DiggerUK
Posts: 4,992 Forumite
So, after a lot of noise about who would buy the remaining 191 tons of IMF gold, it is announced that it will be sold, in "...a phased way..." "...avoiding market disruption...." Those, like China and Russia, who made a lot of hints at wanting to buy, will still be given a second chance as the IMF also state that "...While the period set aside exclusively for official sales is now over, the IMF remains ready to respond to interest in gold from official holders...."
This is the IMF statement.
http://www.imf.org/external/pubs/ft/survey/so/2010/NEW021710A.htm
Personally, I think the first thing we will know of the sales, is when the IMF announce the sales are completed.
Keep an eye on the price all the same, could be a price dip, but don't get overexcited.
This is the IMF statement.
http://www.imf.org/external/pubs/ft/survey/so/2010/NEW021710A.htm
Personally, I think the first thing we will know of the sales, is when the IMF announce the sales are completed.
Keep an eye on the price all the same, could be a price dip, but don't get overexcited.
0
Comments
-
The IMF is a red herring, in so much as whilst it could cause some minor speed bumps in the price chart for gold, it is not the 300lb gorilla in the room. The real disruption, somewhat ironically are likely to be the "investors" who have piled on board, coupled with Joe Public who "heard" it was some magic road to riches.Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0 -
I would love to buy some tungsten filled gold bars!As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards