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發表於 2009-11-24 20:37:50
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原帖由 魯賓 於 2009-11-24 08:34 PM 發表
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新鮮滾熱辣
IMF to xoxoplete Gold Sale as Soon as Possible, Official Says
By Sandrine RasTELlo
Nov. 24 (Bloomberg) -- The International Monetary Fund,
which set out two months ago to sell one-eighth of its gold
reserves, is trying to xoxoplete the process as soon as possible,
the head of the IMF’s finance department said.
The Washington-based fund still has more than 200 metric
tons of the precious metal to dispose of after the central banks
of India and Mauritius snapped about half of the available
amount. The rest will also be sold on a “first-xoxoe, first-
served” basis, Andrew Tweedie said in a Nov. 20 interview in
Washington.
Gold has surged this year as the dollar declines and
investors seek to protect their wealth against inflation. The
IMF’s executive board on Sept. 18 approved the sale of 403.3
tons of bullion as part of a plan to shore up its finances and
lend at reduced rates to low-inxoxoe countries. The fund is
selling directly to central banks before conducting transactions
on the open market.
“We don’t have a firm deadline, but that was a relatively
short period because the whole idea of the gold sale is that we
want to move as quickly as possible,” Tweedie said when asked
about an IMF timetable for selling on the market. “The sooner
we xoxoplete the sale, the sooner we have the resources.”
Gold jumped to a record yesterday as the slumping dollar
boosted bullion’s appeal as an alternative asset. Futures
touched an all-time high of $1,174 an ounce in New York, heading
for the ninth straight annual gain, after the dollar fell as
much as 0.9 percent against the euro.
Emerging-market nations, which have amassed stockpiles of
foreign-currency reserves since the 1998 financial crisis, have
shown increased interest in diversifying away from U.S. assets.
India’s 200 Tons
Earlier this month, India bought 200 tons from the IMF for
$6.7 billion, followed by Mauritius’s 2-ton purchase for $71.7
million. Tweedie said the IMF is not picking buyers and will
sell “to whoever xoxoes first.”
“We want to proceed with the gold sales as quickly as we
can, but it’s up to demand,” he said. He declined to say
whether talks are going on with other central banks, and added
that the IMF will alert investors of potential sales on the open
market. It’s imperative that the sales are made “in a way that
isn’t disruptive to the markets,” he said.
After the sale, the IMF will remain the third-largest
holder of gold after the U.S. and Germany, according to the
producer-funded World Gold Council.
The transactions have been priced using the average of
London’s twice-daily gold fixing, Tweedie said. Because India’s
purchase was so large, the two parties agreed to spread it over
two weeks in case prices changed significantly, he said.
The IMF will channel as much as 600 million of special
drawing rights, its unit of account based on a basket of
currencies that equals about $961 million, from the proceeds to
subsidize loans for low-inxoxoe countries, Tweedie said.
The rest will be invested in an endowment that’s not yet in
place, he said.
Governments, the biggest holders of gold, have generally
been sellers in the past decade. The third Central Bank Gold
Agreement binds some governments to annual sales caps of 400
tons a year until 2014. The first two accords capped annual
sales at 500 tons a year from 1999 to 2004 and from 2004 to 2009. |
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