ZLATO – US podporujú IMF k odpredaju

The U.S. Treasury supports allowing the International Monetary Fund to sell some of its $98 billion in gold reserves to help cover a revenue shortfall, the department's top international official said.

``We have a very credible plan for cost reduction that's in the process of being implemented'' at the IMF, David McCormick, Treasury's undersecretary for international affairs, told reporters in Washington. ``For that reason, Treasury supports limited gold sales.''

The Treasury endorsed IMF sales of as much as 12.9 million ounces recommended by Andrew Crockett, former head of the Bank of International Settlements, to set up an investment fund to cover the IMF's budget shortfall, McCormick said.

``In the managing director, there is a leader there that is really building momentum and pushing in all the right directions,'' McCormick said.

Zdroj: Goldseek

26.02.2008

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value."   Alan Greenspan