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overtheedge
Member since May 2012
680 commentaries - 6 followers

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has posted a comment on the article :

How India aims to turn gold into paper and suppress its price, as in the West - Chris Powell - GATA

So let me get this straight. The physical gold (including jewelry) gets deposited, remelted and cast into bars that are then loaned out to folks that sell the gold. But you will get a ROI.

This is just gonna be a bad remake of the movie, "The Chronicles of Rehypothecation."

Commented 4272 days ago

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Beginning of the headline :Current account deficit" is all over the news these days. Be it the general public, investors, foreign institutions, and government agencies, all are aware and talking about the significant deficit that the country is facing. The other factor that they are talking about is gold imports, a concern shared by the Reserve Bank of India. India is the largest consumer of gold in the world. Its aggregate estimated demand for gold was 1,079 tonnes in 2012, almost 26 per cent of the total world demand... Read More

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