Here's Why IMF Gold Swaps Amount To Organized Looting Of Sovereign Wealth

"This has some significance because of the speculation that the public sale of gold by the IMF which was secretive and selective, was not a legitimate sale to raise funds, but a means of bailing out the bullion banks who had taken gold on lease and sold it, but were unable to return it because of the tightness of supply in the physical bullion market, increasingly disconnected from the NY based paper market."