just punched through 990, page-26

I suggest a couple of posters do some reading on the IMF Gold Sales (part of the new CBGA) - a start at the IMF website would be a good idea.

Then research what China, Russia and other nations are doing regarding Gold reserves.

Should keep you busy for at least a week.......

Suggest many research before posting some very nonsensical posts.

You may just then discover that the IMF sale says more about the IMF financial woes than it does about any future direction of the Gold price for a start. You may also just discover too that the US congress has agreed to the sale - but that it isn't a done deal until it is done by the IMF and not scheduled to take place on the market or to effect the POG. China most likely to be No.1 buyer but they are by no means the only likely buyers, given that the many CBs are now NET buyers of gold or have it on their agenda (eg Korea) - likely will be a mutual agreement amongst the parties for the sale......

Take also for eg what the Ukraine has done with their SDR allocation:

http://www.nrcu.gov.ua/index.php?id=148&listid=98283
28-08-2009 15:54 Ukraine to replenish its gold reserves with USD 1.5 billion

The International Monetary Fund (IMF) will officially implement the recently approved general allocation of special drawing rights (SDR) among its 186 members, equivalent to about USD 250 billion, on August 28, according to a statement by Director of the IMF External Relations Department Caroline Atkinson posted on the fund's official Web site.

Ukraine, in line with its quota in the fund, will receive USD 1.589 billion on August 28 and will transfer the funds to its gold forex reserves. On September 9, the IMF is about to implement a one-time allocation of 21.5 billion SDRs, about USD 33 billion, of which Ukraine will receive another USD 456 million. Unquote

Then you may just want to see what happens when there is an agreement such as the CBGA and the actual sales don't match the agreement - afterall it isn't as if the members MUST sell any gold.

Besides which do you really think that it is in the best interest of the IMF to sell gold at lows - are they as stupid as Gordon Brown???

Happy researching.