{"id":12833,"date":"2009-11-05T05:46:03","date_gmt":"2009-11-05T09:46:03","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=12833"},"modified":"2009-11-05T05:46:03","modified_gmt":"2009-11-05T09:46:03","slug":"india-shows-hedge-fund-savvy-with-gold-grab","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2009\/india-shows-hedge-fund-savvy-with-gold-grab.html","title":{"rendered":"India shows hedge-fund savvy with gold grab"},"content":{"rendered":"<p>Business Day &#8211; India is going its own way with a $US6.7 billion ($7.4 billion) gold purchase. The transaction turned heads in markets. While India\u2019s people are major gold hoarders, the government hasn\u2019t been a big one. India really did display the savvy of a hedge fund here. It got what it wanted, surprised markets and will sit back and reap the benefits as gold rallies.<\/p>\n<p>Traders are now betting on who will announce the next big purchase. Will it be China looking to employ its $US2.3 trillion of reserves? What about Japan, which has the second-biggest pile of currency? Or Gulf states working to end dollar hegemony? And let\u2019s not forget about Brazil and South Korea. Well done, India.<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/www.smh.com.au\/business\/india-shows-hedgefund-savvy-with-gold-grab-20091105-hznp.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business Day &#8211; India is going its own way with a $US6.7 billion ($7.4 billion) gold purchase. The transaction turned heads in markets. While India\u2019s people are major gold hoarders, the government hasn\u2019t been a big one. India really did [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-12833","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=12833"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12833\/revisions"}],"predecessor-version":[{"id":12834,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12833\/revisions\/12834"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=12833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=12833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=12833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}