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Subject Official: IMF confirms gold lending by Central Banks, GOLD was SOLD into the market

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Original Message This has to be pinned! It's what we thought all along...

[link to www.gata.org]

8. The demand for gold for fabrication purposes, in particular from the jewelry and electronics industries, has consistently out-paced the supply from current production over the past 20 years. The so-called market deficit--i.e., physical demand lessmine production-has been widening over the years and filled by direct salesfrom official and private sector stocks, and from gold lending by many central banks, which have resulted in salesin the spot market by the bullion banks, who borrowed the gold.’

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