At what price does the IMF expect to sell gold?
• The Fund will sell gold at the market price when the sales are conducted, and the sales could be phased over time to avoid market disruption as noted above. When the new income model was endorsed by the Board of Governors in May 2008, the price assumed for the purpose of making medium-term income projections was $850 per ounce, which was based on current and historical developments in gold prices at that time. However, in practice, the price realized for the proposed sales may be above or below this assumption depending on market developments.
