Bellhaven Copper and Gold
2.17 billion Pounds of Copper and 449,000 Ounces of Gold
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Bellhaven Copper and Gold > Message
Ronpaul4prez

IMF says US Treasury is Supportive of Gold sales

Posted by: ronpaul4prez on February 25, 2008 10:44AM

 

 More hperbole from the powers that be in their attempts to stem the increase in the price of gold.

None of this gold will reach the public. It will all be sold through central banks and is window dressing to talk the price down, plus US congress has the final say.

 

LONDON, Feb 25 (Reuters) - Gold fell 1 percent on Monday after the U.S. Treasury said it was confident Congress would support the sale of some gold held by the International Monetary Fund, analysts said.

Spot metal fell as low as $933.50 an ounce and was quoted at $937.00/937.90 at 1506 GMT, against $943.70/944.50 in New York late on Friday. (Reporting by Atul Prakash; editing by Peter Blackburn)

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