[george76]

Sri Lanka's reserves had fallen to dangerously low levels as security forces pushed their final offensive against separatist Tamil Tiger rebels.

[MichaelP]

Where did the IMF get all that gold?

Mike

[Hugin]

The real question is why are all those countries dumping dollars in favor of gold?

Gold peaked over 1200 yesterday, and finished at 1193, up 20% in a couple of months. Those predictions of 2k an oz gold are looking better all the time.

[org.whodat]

Actually not what you think:

"In 2008, faced with a shortfall in revenue, the International Monetary Fund's executive board agreed to sell part of the IMF's gold reserves. On April 27, 2008, IMF Managing Director Dominique Strauss-Kahn welcomed the board's decision April 7, 2008 to propose a new framework for the fund, designed to close a projected $400 million budget deficit over the next few years. The budget proposal includes sharp spending cuts of $100 million until 2011 that will include up to 380 staff dismissals.[11]"

[givemELL]

http://www.midasletter.com/commentary/090406-1_Ongoing-IMF-gold-myths-unvravelled.php
Above link: lots of information on the confusing status of IMF gold holdings. It still remains confusing. The current tungsten effect also muddies all gold waters.