2010-09-10

10 Metric Tons to the Bangladesh Bank

The IMF sold 10 metric tons of gold to the Bangladesh Bank on September 9th. Total sold to date is around 222 metric tons of the total 403.3 metric tons that the IMF is attempting to dump what they probably don't have on the economy raise money to help "boost the Fund's capacity to provide concessional loans to low income countries."

Side note... a 10 metric ton solid gold cube would have dimension of about 2'-8" on all sides.

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