This paper highlights that the IMF, as Trustee for the Trust Fund, held the first of its series of gold auctions on June 2, 1976, with the sale of 780,000 ounces of gold-the total amount offered-at a common price of US$126.00 a fine ounce. The first gold auction was a success from the point of view of both the market and the IMF. In all, a total of 25 million ounces of gold from the IMF's holdings will be sold at auction over a four-year period.
| ISBN: | 9781463970581 |
| Publication date: | 1st September 1976 |
| Author: | International Monetary Fund |
| Publisher: | International Monetary Fund |
| Format: | Ebook |
This paper highlights that the IMF, as Trustee for the Trust Fund, held the first of its series of gold auctions on June 2, 1976, with the sale of 780,000 ounces of gold-the total amount offered-at a common price of US$126.00 a fine ounce. The first gold auction was a success from the point of view of both the market and the IMF.
Ebook. Not Available.
Finance & Development, September 1976 was written by International Monetary Fund and published by International Monetary Fund