Risking being rude, I will repeat," Gold feeds nobody"
spend the money on tangibles.

I won't be selling the little bit of gold jewelry I have to "Cash-4-Gold" or anybody else. It has too much sentimental value to me.

So I don't care how much gold and silver is going for, I will keep my box of trinkets...

Originally posted by tonygal
Can anyone tell me where the IMF got their 200 tonnes of gold?

The majority of IMF Gold , just over 3,000 metric tons , was acquired prior to the Second Amendment of the IMF’s Articles of Agreement 1978..and is subject to restitution (resale to the pledging member countries). Most of this Gold was acquired through member quota subscriptions , loan repayments , and interest payments on IMF credit. Also prior to the SA , the IMF acted as a clearing facility for foreign currency trades. Member-states could purchase foreign currencies with Gold through the IMF , and avoid causing exchange rate fluctuations in the FX.

Subsequent to the Second Amendment , the IMF has acquired 403.3 metric tonnes of Gold. Not subject to restitution , this is the 403.3 tonne allotment that was recently approved for sale. India snatched the first 200 tonnes.

Forget about gold. When you buy it, the price will crater.

Anyway, a chick that says ''sheesh'' and ''stoked'' won't have any problems in America.

Originally posted by tonygal
Can anyone tell me where the IMF got their 200 tonnes of gold?

Does it matter? They sure let go of it in a hurry!

Originally posted by Cabaret Voltaire

Anyway, a chick that says ''sheesh'' and ''stoked'' won't have any problems in America.

Why is that ?

Originally posted by OBE1

Originally posted by tonygal
Can anyone tell me where the IMF got their 200 tonnes of gold?

The majority of IMF Gold , just over 3,000 metric tons , was acquired prior to the Second Amendment of the IMF’s Articles of Agreement 1978..and is subject to restitution (resale to the pledging member countries). Most of this Gold was acquired through member quota subscriptions , loan repayments , and interest payments on IMF credit. Also prior to the SA , the IMF acted as a clearing facility for foreign currency trades. Member-states could purchase foreign currencies with Gold through the IMF , and avoid causing exchange rate fluctuations in the FX.

Subsequent to the Second Amendment , the IMF has acquired 403.3 metric tonnes of Gold. Not subject to restitution , this is the 403.3 tonne allotment that was recently approved for sale. India snatched the first 200 tonnes.

Thanks!

Originally posted by Cabaret Voltaire
Forget about gold. When you buy it, the price will crater.

Let me say you are entitled to your opinion, and I am glad yo are not my finical adviser.

Man, those places give you about 30-50% of what they're worth, so if they paid you 580, you probably could have gotten over 1k easy. Oh well, if that's you in the picture, I don't think you'll do too badly in this economy.


Holla at me!

Originally posted by onepissedoffsaintToday I took the very little amount of gold jewelry I had to a local jeweler. I am talking a few 14k thin bracelets 3 small gold rings and 2 thin gold necklaces one being 10k. I kid you not, I walked out of there with $580.00.

Originally posted by American_Soviets
Man, those places give you about 30-50% of what they're worth, so if they paid you 580, you probably could have gotten over 1k easy.

14k - 58.3% bullion...10k - 41.667%

$580 would be more or less consistent with a gross weight of +/- 1 ounce of 14k jewelry sold @ current pennyweight (dwt) buy prices.

Using a spot basis of $1000 , apparently over 1/2 ounce of actual Gold was traded...but we'd have to know the total bullion weight in ounces to accurately appraise the premium extracted by the jeweler.

Shot in the dark: Unless the trade involved well over 1oz gross 14k , the OP received substantially more than 30-50% melt value.

Originally posted by American_Soviets
Man, those places give you about 30-50% of what they're worth, so if they paid you 580, you probably could have gotten over 1k easy. Oh well, if that's you in the picture, I don't think you'll do too badly in this economy.


Holla at me!

Trust me looks have nothing to do with it lol. I lost my job and recently filed for bankruptcy .

I really wish I held onto it now....!