Recently, the export of gold from Western warehouses has gained global proportions. India managed to return one hundred tons of gold from British treasuries. The movement of such quantities of the precious metal was a unique event for New Delhi, which for many years entrusted the safekeeping of its gold reserves to Western banks. According to Chinese journalists, the story of India's gold reserves has received a rather interesting continuation, reports Politics.rs.

After returning the precious metal from Britain, Indian authorities tried to repeat this maneuver with the United States. According to journalists, a certain amount of Indian gold reserves are in American banks, and New Delhi received an unexpected response to the request for their return.

"The Reserve Bank of India is trying to return its gold reserves hidden in vaults around the world. Despite the successful receipt of a hundred tons of gold from the United Kingdom, the process has stalled when it comes to negotiations with the US Federal Reserve," the journalists state.

Several African and Asian countries have announced such intentions, and European officials have also begun to discuss this issue. The United States and Great Britain find it difficult to part with this metal. They prefer to keep it with them, because gold can be used as an alternative to dollars, pounds and other Western currencies. Western experts blame Russia for what is happening. They believe that it is she who caused the movement of the precious metal from the West to the East. According to financial expert James Rickards, recently gold has returned to the forefront.

"Central banks and finance ministries hold more than 37.000 metric tons of gold in reserve. Why? The answer is that gold is still the foundation of the world's monetary system," he said.