DiggerUK

India, China and Gold

Aiki,
Not exactly what I have been looking for. Got this from IMF site as well.
It doesn't say a lot.

Did India get 1/2 because it bid highest, was anybody else bidding, has anybody else bought, did anybody else want it, did anybody else get a look in?
It's the politics behind it all I'm trying to get to the bottom of.

The IMF gold sale soap opera, has been running for a long time now. And just like a soap it is at the final episode.
But this ain't soap, it's reality. Much more gripping.

India, China and Gold

I have been burning my eyes out on the web for a couple of days now, trying to find the process by which the IMF's gold is sold.

Who decides?
What committees decide?
Were in the IMF site is the sales process outlined?
Were are the minutes?

Anybody got a clue, we woke up a couple of days ago to find out the gold was sold to India, and that's it.

Any bets as to who gets the next tranche.
Australia? Japan? S.Korea? Saudi? Brazil?

Is the Indian Economy Heading for Its Finest Hour?

If all the "black money" in all the tax havens in the world, was repatriated today what exactly would it achieve?
A rally in equities with "A dead elephant bounce" , that's all.

India Has Biggest One-Day Change Ever

The boom in Indian stocks of well over 15%+ will more than likely come to be known as the first recorded instance of "A dead elephant bounce"

We all know what light touch regulation did in the developed countries, what is different this time. The fact that foreign investors can get in on the act?

True, unlike China that has all the forex reserves it needs, India needs investment. But if the Indian home market can't absorb the products who is going to ?

Goods produced don't make a profit, goods sold do.