imf to sell gold , page-2

403 tons of Gold will raise 11 to 12 billion dollars at present price. It seems a very small amount of money compared to the trillions of dollars the printing press can churn out by the wheelbarrow load.
I imagine there is 2 billion poor people in the World so the dollars raised will not even reach them will it !!!!!!!!!!

On another comment for GOLD read this
http://www.marketwatch.com/news/story/Four-Chinese-banks-approved-Shanghai/story.aspx?guid=%7B2D95B7E5%2D40C5%2D4FC5%2DA14B%2D702EA30732C2%7D

HONG KONG (MarketWatch) -- Four Chinese commercial banks have received approval to trade gold futures on the Shanghai Future's Exchange, according to media reports Thursday. The selected banks include Industrial and Commercial Bank of China Ltd. (HK:1398:
4.11, +0.14, +3.5%) , Bank of Communications Co. (HK:3328:
5.75, +0.41, +7.7%) , China Minsheng Banking Corp., and Industrial Bank Co., Dow Jones Newswires reported, citing a report carried in the Shanghai Securities Journal Thursday. The Shanghai financial journal cited sources which it did not identify.