|
|
Tue, Nov 3, 2009
The Reserve Bank of India (RBI) has bought 200 tonnes of old from the International Monetary fund for $6.7 billion. India’s holding on gold amongst central banks would be increased as a result of the deal.
The news article is quoted as saying:
Analysts say one of the reasons why the RBI was buying gold from the IMF was to shore up its gold holdings.
Click here to access the entire press release
For upcoming gold investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
The Gold Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
GoldInvestingNews.com maintains a focus on Gold exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry. Also, check for profiles of companies doing great things to improve mining best practices.
Leave a Reply