Golden opportunity

Dear,

In this time of crisis when resources are scarce, the International Monetary Fund (IMF) is sitting on a pot of gold, a small fraction of which could help the world’s poorest countries stay afloat.

Please take action right now and ask the managing director of IMF to sell some gold reserves to help the poorest countries weather the downturn.

Click here to sign our petition to the IMF and send an email directly to Dominique Strauss-Khan, Managing Director of the IMF:
http://www.one.org/international/gold/o.pl?id=906-4001867-h5qeatx&t=3

Petition text:
Please use the revenue from gold sales to create as much funding as possible for developing countries and ensure that this doesn’t create new debts or have harmful conditions attached.

G20 leaders have called upon the IMF to sell a tiny proportion of their gold reserves to increase the money available to developing countries. Please encourage them to deliver this and to do so in an honourable way – without creating more crippling debt or having harmful strings attached. The only conditions should be that the money is used to fight poverty in a way that enables people to hold their government to account.

Some of the IMF’s gold hasn’t been re-valued in decades and is worth much more now than when it was originally valued. Selling a portion of this at current market prices would generate massive revenue for the IMF, to the tune of billions of dollars. By selling the gold to countries for their national reserve banks, the gold never comes on the open market and won’t impact global gold prices. The IMF could then make this injection of money available to developing countries.

So the stage is set for significant sums to be raised to help fight poverty in the downturn in a way that don’t cost you or me or gold producers. The IMF has until April 25 to come up with a proposal. Please let them know how important this is.

Thank you for taking part,

Roxane Philson, ONE.org