The central bank of India purchased from the International Monetary Fund some $6.7 billion in gold, taking half of the quantity the IMF wants to sell. That is a pretty healthy bet by a country where the populace has been the largest consumer of the metal in the past. I say past because recently they have been net sellers, with imports for jewelry down over 50 percent in the past year. India and China have been stockpiling ...
Full Article: Morgans Decline in Thin Trading - NumisMaster.com
