With all the printing of money going on around the world gold investing has become the ultimate safe haven for a hedge against weakening currencies and inflation.
India’s central bank has just purchased 200 tonnes of gold from the International Monetary Fund. The 6.7 billion dollar purchase surprised the markets and was the biggest single central bank purchase over such a short period over the last 30 years.
The IMF plans to sell about 400 metric tonnes of gold this year in order to increase its finances and increase lending to developing countries.
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