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But India imports 800-odd tonnes of bullion a year.
They aren't just blocks of bullion in the sky".
He said he fully agreed with Boris Johnson that London homes were not "blocks of bullion".
He told City investors this month: "London homes aren't ... just blocks of bullion in the sky".
The bag had an impressive heft, not unlike a bag full of bullion, one supposed.
Just on Wednesday, the price of bullion dropped $28, to $1,558 an ounce.
tries over the long term to replicate silver's return without having to take possession of bullion.
With more money in circulation that led to a shortage of bullion.
Their purpose was to make the trade monopolistic and thus pour the maximum amount of bullion into the royal treasury.
Rather than entrust the money supply to a guru or a professor, money is limited by the quantity of bullion.
This was because the quantity of bullion that banks had in reserve, relative to the size of the economy, fluctuated.
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