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Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold

 
Uncle Fuck Stick
WAKE THE FUCK UP !!!!!!!!

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08/22/2013 07:09 AM

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Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
[link to www.zerohedge.com]
The truth behind the saying "never let a crisis go to waste" transcends both time and space, and it most certainly has no problem crossing the border into India, which over the past weeks has found itself in full monetary crisis, and whose currency is plunging to fresh record lows on a daily basis forcing its central bank to scramble with both tightening and QE at the same time. And if the influential Hindu Business Line, is correct, India's crisis is about to become someone's opportunity. Potentially for that someone which over the past two months has found themselves in a huge physical gold shortage as the now constantly negative GOFO rates confirm. Because according to Royal Bank of India sources cited by the HBL, India is now considering leasing out the 200 tonnes of gold it bought from the International Monetary Fund in 2009.

For India, this may be the nuclear option: its central bank, starved for dollars, is considering every initiative to procure short-term dollar liquidity to fund massive USD-denominated investor withdrawals out of the country, which as hammering the Indian Rupee, and which if unmet, threatens the entire financial system in the country.

Indeed, as the HBL reports that the gold will be leased in the international market for dollars so as to shore up the sagging rupee, which plunged below Rs 64 against the US dollar in Tuesday’s trade. A final decision may be taken next month, Finance Ministry sources said.

The move can fetch around $23 billion, David Gornall, Chairman of the London Bullion Market Association, has estimated.

This marks a tidy increase in the Reserve Bank of India’s investment. In November 2009, the RBI purchased 200 tonnes of gold from the IMF, under the Fund’s limited gold sales programme, for $6.7 billion, cash.
$23 billion for a $6.7 billion inv

More at link
Anonymous Coward
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08/22/2013 08:12 AM
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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
bump
Once4All
The Truth Is Clear To Everyone!

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08/22/2013 08:21 AM

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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
It looks like the Indian people are going to get

duped by the elite bankers. If you don't have your gold

then you don't have gold!
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
Anonymous Coward
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08/22/2013 08:21 AM
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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
bump
Patches

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08/22/2013 08:27 AM
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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
I bet China will buy it all ;)
peace
By failing to prepare, you are preparing to fail!
Anonymous Coward
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08/22/2013 08:39 AM
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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
India set to get royally screwed here.
Anonymous Coward
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08/22/2013 08:45 AM
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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
PAy news to make people belive that the dollar will not going to die...
Like the friend form Israel told, t will be all buyed by China to mke its gold yuan more powerfull...
Anonymous Coward
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08/22/2013 08:47 AM
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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
Anonymous Coward
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08/22/2013 08:50 AM
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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
I bet China will buy it all ;)
peace
 Quoting: Patches


"leasing out the 200 tonnes of gold"

leasing means they (India) retain ownership of the gold... and charge RENT for somebody else to look at it.


Get a clue.

India is NOT going to "flood the market with leased gold."

They need the gold to support their nuclear war plans against China and Pakistan.
Anonymous Coward
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08/22/2013 08:52 AM
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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold

This marks a tidy increase in the Reserve Bank of India’s investment. In November 2009, the RBI purchased 200 tonnes of gold from the IMF, under the Fund’s limited gold sales programme, for $6.7 billion, cash.
$23 billion for a $6.7 billion inv

More at link
 Quoting: Uncle Fuck Stick


Explain please where these purchased 200 tonnes from the IMF are???? I mean physically, where are they LOCATED?

Still at the IMF ?? naughty
At the Reserve Bank of India ?? door

I mean, if India got "receipts" for 200 tonnes of gold then I don't see where the problem really is with having India "leasing" it back to the markets..... pphtt
Anonymous Coward
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08/22/2013 09:03 AM
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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
Market Manipulation again....

If you don't have the physical you don't have it.
Sikhed
Cat herder

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08/22/2013 10:06 AM

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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
Market Manipulation again....

If you don't have the physical you don't have it.
 Quoting: Sara13


This^^

So they are not actually leasing it. They are subletting it, as they don't have physical ownership of that gold. LMAO!

How many claims of ownership does that gold have?
doom360
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08/22/2013 10:29 AM
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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
Staged.

The Rothschilds hate the fact that there is so much gold in the hands of the people.

But if the number of rupees needed to buy dollars is falling, the rupee is actually strengthening.
Anonymous Coward
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08/22/2013 10:30 AM
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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
The other problem with Indian gold, is that they cant be sent gold plated tungsten.

Indians use their gold for jewelry and therefore melt it down.
Saddletramp
We Don't Rent Pigs...

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08/22/2013 10:54 AM

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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
The Chinese will be waiting with open arms...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
samanthasunflower

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08/22/2013 10:59 AM

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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
Let me get this straight.

India borrowed 200 tons of gold that doesn't exist, because the original gold was sold years ago.

They are no going to sublet out the gold to someone else.

Anyone who believes this to be okay, I have a wonderful apartment in New York city overlooking the park for you to rent. You won't be able to see it or step in it of course. But if you pay me rent, you will have the right to claim temporary ownership of this wonderful apartment.

Only $3,000 a month and you can have but never see this wonderful apartment.

Last Edited by samanthasunflower on 08/22/2013 10:59 AM
Saddletramp
We Don't Rent Pigs...

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08/22/2013 11:16 AM

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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
Let me get this straight.

India borrowed 200 tons of gold that doesn't exist, because the original gold was sold years ago.

They are no going to sublet out the gold to someone else.

Anyone who believes this to be okay, I have a wonderful apartment in New York city overlooking the park for you to rent. You won't be able to see it or step in it of course. But if you pay me rent, you will have the right to claim temporary ownership of this wonderful apartment.

Only $3,000 a month and you can have but never see this wonderful apartment.
 Quoting: samanthasunflower


I have 200 Unicorns I need to unload...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Seeker of Truth
'Be the love that you are.'

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08/22/2013 11:49 AM

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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
Let me get this straight.

India borrowed 200 tons of gold that doesn't exist, because the original gold was sold years ago.

They are no going to sublet out the gold to someone else.

Anyone who believes this to be okay, I have a wonderful apartment in New York city overlooking the park for you to rent. You won't be able to see it or step in it of course. But if you pay me rent, you will have the right to claim temporary ownership of this wonderful apartment.

Only $3,000 a month and you can have but never see this wonderful apartment.
 Quoting: samanthasunflower


I have 200 Unicorns I need to unload...
 Quoting: Saddletramp

here's another. hf
delusional
'Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind.' - Dr. Seuss
'love has no opposite as it is the divine solvent that ends duality.' - m'Lord
'Be the love that you are' -m'Lord
The amount of love and good feelings you have at the end of your life is equal to the love and good feelings you create during your life.- mine
Yes, the things that others think, say, or do will sometimes hurt you— until they do
not anymore.What will get you from here to there most quickly is total honesty—
being willing to assert, acknowledge, and declare exactly how you feel about a thing.
Say your truth—kindly, but fully and completely. Live your truth, gently, but totally
and consistently. Change your truth easily and quickly when your experience brings
you new clarity.-God

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Anonymous Coward
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08/22/2013 11:52 AM
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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
Its all fun and games til someone actually wants the hard shiny stuff.....
Anonymous Coward
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08/22/2013 11:58 AM
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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
That is the stupidest thing I've ever heard if....leased gold???? Sounds like some feeble attempt at more PM suppression. And a very desperate one at that.
Anonymous Coward
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08/22/2013 12:01 PM
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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
PONZI!
Anonymous Coward
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08/22/2013 12:03 PM
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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
leasing the physs???

How does this work????

Are they "pawning" the gold until they recovery from their liquidity shortage?? Is that how it works???

Or does "leasing" just enable another county's central bank to "cook the books" for the leasing country's liquidity problems??? Lord knows there is no shortage of liquidity problems.
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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
India set to get royally screwed here.
 Quoting: Anonymous Coward 43085544




yeah thats true but it will be ok ..

give us all ur gold foos ..
Anonymous Coward
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08/22/2013 12:14 PM
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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
I think India owns the gold, but they do not have possession of it. It's probably in New York. What the leasing of gold does for India is to raise money (obvious), but what it does for the people leasing their gold is to cover their shorts on gold (not so obvious).

It's clear price manipulation, but it's not sustainable. The price of gold drops from leased gold "being available," but that's like lumping the home rental market with the home real estate when the two are basically different.

It would be like if I were to short the price of a home that I don't own, get the money from the sale, then buy the home when the price drops to close my position. But if I'm called on a margin (i.e. home prices go up) then I can lease a home and offer that to close my position. This in effect "widens" the availability of homes, the rental market lumped with regilar real estate, as an excess surplus of homes on the market and hence drives the price down - this being a metaphor as that is the effect of leased gold.

But, that's pretty dodgey trading, because the whole thing collapses if someone demands to take physical possession of gold. Something that is happening with the BRICS, and whenever prices drop they are buying it, not leasing it.

Some speculate gold will drop to a $1000 this year and I can see how leasing gold can do this. But if it does I would view this as an opportunity to buy more and not to sell physical gold before it happens. The down price will not last because they buyers are amassing more and in their physical possession.
Anonymous Coward
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08/22/2013 12:34 PM
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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
If you don't have the physical you don't have it.
^^^^^^^^^^^^
This ^^^

"Leasing" is just another Flim-Flam, Bamboozle, Swindle, used by the Malignant Psychopaths.

"Just Say No"...to Malignant Psychopath Banksters.
?
MrAverage

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08/22/2013 12:58 PM
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Lovely Gold
Anonymous Coward
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08/22/2013 01:29 PM
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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
[link to www.zerohedge.com]
The truth behind the saying "never let a crisis go to waste" transcends both time and space, and it most certainly has no problem crossing the border into India, which over the past weeks has found itself in full monetary crisis, and whose currency is plunging to fresh record lows on a daily basis forcing its central bank to scramble with both tightening and QE at the same time. And if the influential Hindu Business Line, is correct, India's crisis is about to become someone's opportunity. Potentially for that someone which over the past two months has found themselves in a huge physical gold shortage as the now constantly negative GOFO rates confirm. Because according to Royal Bank of India sources cited by the HBL, India is now considering leasing out the 200 tonnes of gold it bought from the International Monetary Fund in 2009.

For India, this may be the nuclear option: its central bank, starved for dollars, is considering every initiative to procure short-term dollar liquidity to fund massive USD-denominated investor withdrawals out of the country, which as hammering the Indian Rupee, and which if unmet, threatens the entire financial system in the country.

Indeed, as the HBL reports that the gold will be leased in the international market for dollars so as to shore up the sagging rupee, which plunged below Rs 64 against the US dollar in Tuesday’s trade. A final decision may be taken next month, Finance Ministry sources said.

The move can fetch around $23 billion, David Gornall, Chairman of the London Bullion Market Association, has estimated.

This marks a tidy increase in the Reserve Bank of India’s investment. In November 2009, the RBI purchased 200 tonnes of gold from the IMF, under the Fund’s limited gold sales programme, for $6.7 billion, cash.
$23 billion for a $6.7 billion inv

More at link
 Quoting: Uncle Fuck Stick



INDIA HAS THE SECRET KNOWLEDGE TO TRANSFORM LEAD OR COPPER INTO GOLD. ONCE THE SHIT HITS THE FANS BIG TIME, THEIR HOLY MEN WILL COME TO THE RESCUE OF LARGE GOLD STASH NO ONE KNOWS ABOUT.
Anonymous Coward
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08/22/2013 02:01 PM
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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
"leasing out the 200 tonnes of gold"

leasing means they (India) retain ownership of the gold... and charge RENT for somebody else to look at it.


Get a clue.

India is NOT going to "flood the market with leased gold."

They need the gold to support their nuclear war plans against China and Pakistan."


False as once it is "leased" it is gone baby gone.. just ask Germany how their "Paper ownership" of Fed reserve gold is working for them now :)
Necromancer
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08/22/2013 02:07 PM
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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
Am I wrong on the math ? 8+ Trillion plus interest deal ? Where is this going via wire-paper note transaction ? This is a heavy weight player in the World market ? I smell a Goldfish !
Anonymous Coward
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08/22/2013 02:16 PM
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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
This board never ceases to amaze me. Kids, if you are reading this, dont dropout of school like these people!
Anonymous Coward
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08/22/2013 04:08 PM
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Re: Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold
This board never ceases to amaze me. Kids, if you are reading this, dont dropout of school like these people!
 Quoting: Anonymous Coward 21902736


On the contrary.

Kids, this is what public education does people when they grow up.

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