Competition for the IMFâ??s Gold?

Jeff Clark, Senior Editor, Casey’s Gold & Resource Report writes: On February 24, Reuters reported that the Reserve Bank of India was "set to be a buyer" of the 191.3 tonnes (6.74 million ounces) of gold the IMF is selling. Although the bank wouldn't comment directly on the possibility, they did say, "We are closely looking at the gold market... gold is a safe bet."