The IMF gold has serious geo-political ramifications in the background because of the nature of foreign exchange reserves, credit default swaps and gold.  Wikipedia:

South Korea and Japan are both home to large numbers of United States troops and neither are going to invite a nuclear attack.  The Kuomintang, which the US backed, retreated to Taiwan [...]

Eric Fry here at The Daily Reckoning is “reporting from the Golden State with the tarnished finances”, which was a riddle that I instantly knew was, of course, California. But, for some reason, I never get asked a question when I know the answer. I usually get asked, instead, something like, “For 40% of your [...]

At a Cambridge House Investment Conference I received a question about Bear Stearns.  In my answer I alluded to the possible financial benefit of some from its implosion.  When pressed I had to explain how credit default swaps worked and then we were out of time.  Because the owners of the majority of the financial [...]