Commodity Trade Mantra
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Posts Tagged ‘Gold and Diamonds’

China Demands Gold As Collateral For Zimbabwe Loans

China is happy to provide the financing to turn Africa into Disneyland – Monorails & all – but there is one catch… the loans must be backed by gold as collateral, in accordance with rules & regulations when granting any loan. Great way for China to transform its excess USDs to Gold (Also get paid interest while it waits).

Another Phenomenon - Flights Arrive Laden With Gold

It’s raining gold at Kerala’s airport. Every plane landing from the Middle East here now carries 40-80 kg of gold, translating into Customs duties between Rs 86.8 lakh and Rs 1.74 crore – Gold smuggling is back as hiked import duty and restrictions make the precious metal even more precious.

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