All Posts Tagged With: "adrian ash"

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India Beats China to Walk Away With 200 Tonnes of IMF Gold

India’s central bank is now the proud owner of 557 tonnes of gold. That gives it the tenth largest gold holdings among central banks. But it probably isn’t finished. Gold makes up just six percent of India’s foreign exchange reserves. There’s plenty of room for that to grow.

But don’t forget China. China has $2.3 trillion in foreign exchange reserves…

November 4th, 2009 | Dan Denning | 5 comments | Continued
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Gold in the Art of Bread Consumption

Mr. Harmston is not interested in hearing my “The Federal Reserve is evil and so is the Supreme Court” rant again, especially since it is all I ever rant about, but goes on to reveal that, “The same ounce of gold still buys approximately 350 loaves of bread today.”

February 24th, 2009 | Mogambo Guru | 1 comment | Continued
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The Mining Finance Black Hole

Could this have worked out any better for China? We’re talking about the position Rio Tinto put itself in by taking on US$38 billion in debt to acquire Alcan—and stave off the unwanted advance of an amorous BHP. Now, in a world where refinancing that debt is near impossible for one of the world’s largest miners, it must sue for peace with a strategic partner…

February 13th, 2009 | Dan Denning | 4 comments | Continued
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