Mark McHugh

IMF Gold Sales Prove Economists Aren't Great Money Managers

Tim,

I can't believe I'm thinking, "$92B - that's all," but here we are. I say, "bring it on", let 'em sell. Shoot the only real wad you've got. Then, they can sit around trying to figure out what the confetti exchange rates should be. Obviously, this is a scare tactic to bring the gold price down. Honestly, it may work (similar stunts have). If the world calls their bluff, they may actually sell, and that may work. But, Until I see a better plan for fiscal crisis than monetary collapse, I'll stick with gold. What I'm not so sure about is how many of my fellow investors will blink.