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Imf takes gold as collateral

May 25, 2011

This is on zerohedge http://www.zerohedge.com/article/european-gold-confiscation-sceme-unfolds-european-parliament-approves-use-gold-collateral

The significance of the mood I suppose is that they make it legal to accept gold so that they can take the gold that Greece has as it appears they move closer to default. Fun times.

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