India’s Central Bank Will Sell Gold on the Market in Exchange for Gold at the Bank of England

Here is my take:  as London runs out of physical gold, they have convinced the Indian central bank to store their physical inventory in London, in exchange for paper gold.  All in the name of monetary "flexibility" for India.

Sounds like a rotten deal for India:  give London real money in return for fake money.

http://libertyblitzkrieg.com/2014/07/02/indias-central-bank-will-sell-gold-on-the-market-in-exchange-for-gold-at-the-bank-of-england/