“The IMF owns about 90 million ounces of gold that at market value today is worth about $150 billion. The gold can be called ‘functionless’ for the IMF. It does not generate interest or investment income and it does not constitute collateral against which the IMF could borrow. Its only apparent purpose is to add to the reassurance of the Central Bankers of member countries that their funds are safe with the IMF.”
https://covid19africawatch.org/wp-content/uploads/2020/04/COVID19-Africa-Watch-Logo-White.png00John Schellhasehttps://covid19africawatch.org/wp-content/uploads/2020/04/COVID19-Africa-Watch-Logo-White.pngJohn Schellhase2020-06-22 00:00:002020-06-24 15:53:56To Bolster Global Health Security, What About IMF Gold?