...either way - it is telling... both about the supposed "TRADITION", and also their stupidity - if they are only buying paper... I'd like to see them trying to convince Chinese to accept some of that nice papers in exchange for their exports, in the near-mid term future!Somehow, I doubt the IMF is buying physical, allocated gold. More paper claims to (re-)hypothecated gold would be my guess.
Sorry about the misinfo....:flushed:http://www.perthmintbullion.com/au/blog/blog/12-05-15/imf_to_buy_gold_not.aspx
apparently this was some bad journalism. Unfortunatley don't think they bought any gold. seemed like some type of translation problem w some Indian article or something.