
india
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This Week in Gold: The Growing Global Appetite for Precious Metals
- October 24, 2014
- Posted by: Orkan Ozkan
- Category: Gold, Government, News, This Week in Gold
No CommentsThis week in gold, we saw evidence of the global appetite for gold that just seems to keep getting bigger. Gold buying in India rebounded as the Diwali holiday began, Switzerland is deciding whether to drastically increase its gold reserves, and Russia made its largest gold purchase in over 15 years. Bloomberg also reported that more speculators
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Seasonal Demand: Why is September Important for Gold?
- September 3, 2014
- Posted by: Orkan Ozkan
- Category: Featured, Gold, Learn, News
September has historically been a good month for gold. Why is this? Gold is not a food crop, it doesn’t have seasons…or does it? Gold has strong cultural value as well as monetary use. It was first valued for its luster and aesthetic beauty when it was discovered over 5,000 years ago. This still holds true across
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Despite Gold Lows, Indian Demand High Ahead of Religious Festival
- August 25, 2014
- Posted by: Orkan Ozkan
- Category: Gold, Government, News
Gold fell 0.30% to $1,277 by Monday morning, not far from its two-month low of $1,273.06 hit the previous week. News of a stronger U.S. dollar, a possible interest rate hike coming in early 2015, and the end of quantitative easing this October have lessened gold’s appeal as a safe-haven asset and hedge against inflation for
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This Week in Gold: Ron Paul, India, Retirement, More Geopolitical Woes
- August 8, 2014
- Posted by: Orkan Ozkan
- Category: Gold, Government, News, Retirement, This Week in Gold
This week in gold, Ron Paul explained to CNBC why he still believes in gold, India continued its deep culturally-embedded love affair with the yellow metal, high levels of geopolitical and economic woes shook markets, and a study gave insight into how much is enough to retire happy. Looking back at the week, we are reminded
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Forbes: “India’s appetite for gold defies market conditions”
- August 5, 2014
- Posted by: Orkan Ozkan
- Category: Gold, News
India loves gold – especially if it’s Swiss gold. According to the Swiss government, Switzerland’s total value of exported gold and silver bullion in the month of June was 3.9 billion Swiss franc ($4.3 billion USD), of which India accounted for 1.63 billion francs ($1.8 billion USD, or 42%). In India gold is used primarily in
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Bank of America Merrill Lynch Says the Worst for Gold May be Over
- July 22, 2014
- Posted by: Orkan Ozkan
- Category: Gold, News, Silver
Gold may have lost 2.1% last week, but Bank of America Merrill Lynch is assuring investors that the worst may be over for the yellow metal. Metals strategist Michael Widmer noted to his clients on Monday that gold prices have stabilized this year due to steady demand from emerging international markets such as China and India. Remember
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International Developments Contribute to Gold’s Rise This Week
- May 23, 2014
- Posted by: Orkan Ozkan
- Category: Gold, Government, News
Just as Wednesday’s article suggested, gold responded positively to the news that India elected a new government that may further ease restrictions on gold imports. Gold ready for June delivery was up by $10.50 (or 0.8%), making yesterday’s gold price $1,298.60 an ounce. Silver also rose by 1.2%. Naeem Aslam, chief market analyst at AvaTrade,
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India’s Gold Demand May Double This Year
- May 21, 2014
- Posted by: Orkan Ozkan
- Category: Gold, Government, News
Remember from our article on 5 Interesting Facts about Gold Smuggling that India is the world’s largest consumer of gold, and that most of the world’s gold smuggling occurs there? This is due to strict limitations and high taxes on gold imports. Smuggling allows individuals to bypass those laws. However, gold smuggling may now slow
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5 Interesting Facts about Gold Smuggling
- May 12, 2014
- Posted by: Orkan Ozkan
- Category: Featured, Gold, Government, Learn
Smuggling of items usually occurs in attempt to bypass import and export laws and taxes. In India, the world’s largest consumer of gold, this is certainly the case. India loves its gold and often hoards it as a store of wealth. In June of 2013, a higher duty (tax) on gold jewelry was introduced. Over
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Money Managers and Hedge Funds Hike Gold Wagers
- March 3, 2014
- Posted by: Orkan Ozkan
- Category: Gold, News
Money managers and hedge funds boosted bullish gold wagers to a three month high in February as demand for safe haven assets grew. Fueling interest in gold among smart money players are: A string of soft data that hints at a slowing U.S. economy Melting emerging markets Geopolitical turmoil in Ukraine, Turkey and Argentina Bargain
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