India, China, Russia and Several EU Central Banks Buying Gold

India’s central bank is buying 200 metric tons of gold from the IMF.

China, Russia and some EU central banks have also expressed interest in buying gold from the IMF or elsewhere.

Therefore, Bloomberg’s article of today saying that “Central Banks Will Become Net Buyers of Gold, WGC CEO Says” is not controversial.

Given that the IMF has only authorized the sale of 403.3 metric tons of gold at this time, the IMFs sales won’t drive gold prices down. Indeed, the other 203.3 metric tons should go pretty quickly, and there will almost certainly be left over demand from the world’s central banks. Remember, China itself previously considered purchasing the entire 403.3 metric tons.

For the big picture on gold, see this.

Articles by: Washington's Blog

Related Global Research Articles:

  • Monsanto Earnings Fall 34% as Farmers Reject GMO CropsMonsanto Earnings Fall 34% as Farmers Reject GMO Crops

    The biotech giant Monsanto, which is responsible for genetically modifying much of the nation’s and world’s crops, announced that its earnings fell 34% in its first fiscal quarter as South American farmers reject GMO crops. This is even more evidence that the number of individuals and […]
  • ISIS Hacks U.S. Central Command While Obama Is Announcing New Cyber Security LegislationISIS Hacks U.S. Central Command While Obama Is Announcing New Cyber Security Legislation

    Could it really get any more convenient than this? The top story today (January 12) everywhere is that ISIS hackers attacked U.S. Central Command and posted sensitive info on the agency’s official Twitter page. Via The Washington Free Beacon: Hackers with the Islamic State, also […]
  • De grandes marches contre la guerreDe grandes marches contre la guerre

    Voici quelques réflexions en marge de la tuerie qui s’est produite dans la capitale française   LA LIBRE EXPRESSION EST BIEN DIFFICILE J'ai vécu à l'époque de la GRANDE NOIRCEUR. Tout était défendu excepté les actions posées en faveur de l'Église et de l'autorité (légitime ou […]

Disclaimer: The contents of this article are of sole responsibility of the author(s). The Centre for Research on Globalization will not be responsible for any inaccurate or incorrect statement in this article. The Center of Research on Globalization grants permission to cross-post original Global Research articles on community internet sites as long as the text & title are not modified. The source and the author's copyright must be displayed. For publication of Global Research articles in print or other forms including commercial internet sites, contact: [email protected]

www.globalresearch.ca contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of "fair use" in an effort to advance a better understanding of political, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than "fair use" you must request permission from the copyright owner.

For media inquiries: [email protected]