IMF Forces Cyprus to Sell €400 Million Worth of Gold!

A breaking Reuters report has revealed that to what should come as no surprise to SD readers, buried in the Troika’s bailout of Cyprus, is a stipulation that Cyprus hand over 10 tons (€400 million)  in gold reserves to the ECB/IMF pirates bureaucrats.

Like every other engineered crisis over the past 10 years, it was all about the gold.

 

As Reuters reports, the ECB/IMF bailout was conditional upon Cyprus’ sale of gold reserves, as well as depositor haircuts:

Cyprus has agreed to sell excess gold reserves to raise around 400 million euros and help finance its part of its bailout, an assessment of Cypriot financing needs prepared by the European Commission showed.

 

As Cyprus is the official template per DieselBOOM, the ECB/IMF thus has their sites set on a combined 5,550 tons of physical gold reserves via Italy, France, Portugal, and Spain alone:

1  United States 8,133.5 76%
2  Germany 3,391.3 73%
3 International Monetary Fund logo.svg International Monetary Fund 2,814.0 N.A.
4  Italy 2,451.8 72%
5  France 2,435.4 71%
6  China 1,054.1 2%
7  Switzerland 1,040.1 11%
8  Russia 957.8 9%
9  Japan 765.2 3%
10  Netherlands 612.5 60%
11  India 557.7 10%
12 Logo European Central Bank.svg European Central Bank 502.1 33%
13  Taiwan 423.6 6%
14  Portugal 382.5 90%
15  Venezuela 365.8 75%
16  Turkey 359.6 16%
17  Saudi Arabia 322.9 3%
18  United Kingdom 310.3 16%
19  Lebanon 286.8 29%
20  Spain 281.6 30%