Markets

Who Owns the World's Gold? China, Poland & LBMA Forecasts - SD Bullion

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DW NOTE

China holds 2,264 tonnes officially. The world knows this is fiction. Poland has been buying 200 tonnes over three years while its currency devalues and its fiscal position deteriorates — the definition of closing the barn door after the horse has left. The LBMA forecasts what its members need to be true, not what will happen.

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The Indian crude basket hit $123.29 per barrel last week, approaching levels recorded in March 2012, and adding 86% to the price Indian oil marketing companies pay, local media have reported, also noting the effect of a cheaper rupee. Since Indian companies pay for the oil they buy from abroad in U.

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Who Owns the World's Gold? China, Poland & LBMA Forecasts - SD Bullion

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