Archives of “7b” tag

rss

International Monetary Fund (IMF) Needs Money

  
Analysis, Economy, Education, Gold / Silver
#  #  #  #  #  #  #  #  #  #  #

 International Monetary Fund (IMF) issued a statement that it would begin selling large holdings of its gold reserves

IMF: Says will shortly begin ‘on market sales’ for remaining 191 tons of gold; To start selling up to $7B of gold to market

– Gold will be sold in a “phased manner” to avoid disruptions to gold market

– On market sales does not preclude sales of gold to interested central banks.
– Off-market sales would reduce amount of gold to be sold on the market.

So why is the IMF selling its gold? Is it that the monetary fund is looking ahead to more countries needing cash bailouts? Or does the IMF view gold as a worthless commodity in the future?

The announcement did impact the gold price as reflected on this gold chart which shows the reaction.

IMF-GOLD SELLING

China Decreases Holdings of U.S. Treasuries

  
Analysis, Economy, Education
#  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #

China Total holding of US Treasuries: $755.4B v $789.6B prior

Japan Total Holdings of US Treasuries: $768.8B v $757.3B prior 
Oil Exporters total Holdings of US Treasuries: $186.8B v $187.7B prior 
Brazil holdings of US Treasuries $160.6B v $157.1B prior 
Russia holdings of US Treasuries $118.5B v $128.1B prior 
Hong Kong holdings of US Treasuries $152.9B v $146.2B prior 
India holdings of US Treasuries: $29.6B v $31.6B prior

treasuriesWASHINGTON (AP) — The government said Tuesday that foreign demand for U.S. Treasury securities fell by the largest amount on record in December with China reducing its holdings by $34.2 billion.

The reductions in holdings, if they continue, could force the government to make higher interest payments at a time that it is running record federal deficits.

The Treasury Department reported that foreign holdings of U.S. Treasury securities fell by $53 billion in December, surpassing the previous record of a $44.5 billion drop in April 2009.[…] (more…)

Go to top