Posted on 07/11/09
India's big gold buy a hint of things to come
dparkinson@globeandmail.com India's massive purchase of 200 tonnes of gold from the International Monetary Fund, announced this week, served as a loud reminder of a couple of truths about gold. First, for all its other uses, it's essentially a currency. And second, it's a currency that lots of wealthy central banks are sorely lacking.
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