ZLATO vs IMF

The International Monetary Fund says it plans to sell gold from its reserves, and the announcement at the Group of Seven (G7) meeting in Tokyo confirmed those moves could come as early as April.

The maneuver widely is understood to be aimed at an IMF goal of depressing the price of gold worldwide. The IMF decision did not surprise financial analyst Michael Bolser, who has been predicting such a move for months in his subscription newsletter connected to his Interventional Analysis website.

The IMF goal appears to be to shove the price of gold back down into the $500 per ounce range, Bolser told WND in an exclusive telephone interview.

Bolser said a secondary goal is for the IMF to gain control of as much of the world's gold reserves as possible.

"The vast majority of gold analysts have been in denial that the IMF would make this move," Bolser said. "Now, I expect the gold experts to say the IMF gold sale will have no effect on the price of gold on world markets."

"We don't know how many tons the IMF will sell and when the sale will hit the market," he continued, "because so much of what the IMF does is intentionally hidden from public view through complex contracts and transactions that are typically not clearly disclosed."

"The goal of the Federal Reserve is to get the price of gold down and obtain for the larger central banks legal possession of the gold from the sovereign central banks," Bolser stressed.

Zdroj: www.blacklistednews.com

21.02.2008

"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