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The IMF overlooked more than 3.000 ton gold from 2009 till 2015 (21/8/2017)

The IMF overlooked more than 3.000 ton gold from 2009 till 2015 (21/8/2017)
By Nico Simons 3 years ago 13733 Views No comments

August 21, 2017

In their annual report 2015 the IMF stated that the world official holdings in gold are 30.506 ton ( 980.800.000 ounces ) as per 2009. This is very remarkable, because in their annual report 2014 the world official holdings in gold were 27.346 ton ( 879.200.000 ounces). In the annual report 2015 there is no explanation for the difference of 3.160 ton ( 101.600.000 ounces ) with a retrospective effect to 2009.

So in 2015 the official gold holdings 2009 appear to be 3.160 ton higher than before (is 11.6 percent of the total world gold holdings in 2009). It is not only applicable for 2009, but also for 2010 up and till 2014 as follows:

These overlooked tons were added in their annual report 2015 in the specification of the international reserves (appendix 1) retrospective 2009 up to 2014.

IMF Annual Report 2015 the changed figures

IMF Annual Report 2014 the original figures

How the IMF could overlook more than 3.000 ton of gold in the world official holdings of reserve assets is a big question? It is a very substantial difference.

Which country is the owner of the more than 3.000 ton of gold?

Nico Simons is a Dutch investigative journalist on financial issues, especially monetary issues. His articles are regularly published on MoneyInsights.org.

The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.

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