India launching global bullion exchange

[Condorlini]

https://www.financialexpress.com/market ... e/2605929/

[speedymeadie]

Hi Cordolini. Interesting that India wants to start a gold exchange as one of the worlds biggest gold buyers. Worryingly is the involvement of the derivative side in gold trading. In the last few months the position in the derivative market for gold has risen by over 500%. Does the world really need another paper market in gold. I would have been happier if they were to start a physical exchange. ATB Speedy

[Costa]

Speedy.

Is that the West bullying those that actually do have the gold? India, Turkey, Russia, China, The Asian peninsula and a host of other countries are all buying/increasing. Maybe they (the west) in throwing their weight are in an economical war with the aforementioned countries.