Commodity Trade Mantra

Posts Tagged ‘Gold Vault’

Gold Demand Surges As Chinese Seize The Golden Opportunity

Gold demand has surged in China over the last several weeks – a period generally considered out of season. Gold purchases in China are strongly associated with jewelry buying around the Lunar New Year holiday, which fell in early February. But the uncertainty confronting global economies has driven up demand from a different sort of buyer—the hard-nosed investor.

IMF’s Gold Depositories- Nagpur & Shanghai: Indian & Chinese connections

The IMF holds the equivalent of US$27.5 million in gold with Reserve Bank of India in Bombay. IMF has received a letter from the Reserve Bank stating that it has recently opened an office at Nagpur, which is situated about 520 miles from Bombay in the interior of the country & contains a special vault for storing the Bank’s stock of gold.

Half of Italy's Gold is Held in New York Fed Vault; Is Repatriation Possible?

Italy’s central bank, the Banca d’Italia (the world’s third largest official holder of gold), has recently published an important document detailing the storage locations and composition of the country’s gold reserves. The document confirms that Italy’s gold is held across four vault locations, three of which are outside Italy.

Gold War In East V/s West And Both Are Still Winning!

China and every other BRICS nations win as they get to import gold at cheaper and cheaper price levels. The Western central bankers have been winning the paper battle on gold by suppressing gold prices, but they are also losing the most important war, economic dominance.

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