India's central bank has moved a little more than 100 metric tons of gold from the UK to its domestic vaults, the Times of India newspaper reported on Friday, citing sources.
The source revealed that the "public" reason for moving the Gold is that too much is stored overseas and they want it in their country. However the "non-public" reason is now "lack of trust."
India, the source said, has seen the way the West "froze" Russia's Sovereign Wealth Fund and is now literally "stealing" the interest from those frozen funds, to give to Ukraine. India now views the West as brazen thieves and does not want to be victimized by such theft!
"While India has no plans to go to war, as Russia did in Ukraine, prompting the theft of their Interest money, India knows all too well how arrogantly the West imposes "Sanctions" and does not want to be subject to the whims of the West." the source continued.
