For the 'new world market'.
This should set off some alarm bells !
Oh btw those 'dollars' that got swapped? You guessed it US dollars.
Quote:
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Gold prices continued to rise on Wednesday extending the all-time highs which followed India’s central bank bought 200 tonnes of the precious metal, swapping dollars for bullion as the country’s finance minister warned the economies of the US and Europe had “collapsed”.
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http://www.ft.com/cms/s/0/0eaa4a80-c...44feabdc0.html