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When CAD is so bad, we should just ban gold imports

Jun 15, 2013

When CAD is so bad, we should just ban gold imports

Given our current account deficit, it may be better to get into physical controls for a while. A gold import ban would would better than an import duty hike #forex reserves #MetalWatch #ECBs #CAD #GoldBug
RBI designing products offering similar returns as gold

Feb 02, 2013

RBI designing products offering similar returns as gold

The problem of gold imports can be solved only when the economy enjoys inflationary and macroeconomic stability #Inflation #gold imports #CAD #GoldBug #gold-linked products
Higher duty will only encourage import of gold illegally: Nomura

Jan 22, 2013

Higher duty will only encourage import of gold illegally: Nomura

Illegal trade was rampant before restrictions on gold shipments were lifted in 1990. #Nomura #gold imports #GoldBug
Gold import duty unlikely to deter buyers but may spur smuggling

Jan 22, 2013

Gold import duty unlikely to deter buyers but may spur smuggling

Despite the duty, the fundamental reasons for buying gold - to hedge against inflation and currency risks- remain as strong as ever. Smuggling remains a concern as Illegal trade was rampant before restrictions on gold shipments were lifted in 1990. #ToWhatEffect #GoldBug #import duty on gold
In its fight against gold, will govt emerge victorious in 2013?

Jan 17, 2013

In its fight against gold, will govt emerge victorious in 2013?

Gold demand from the Indian jewellery fabrication segment is likely to fall to 322 tonnes in the first half of 2013, from 348 tonnes in the same period of 2012 #Gold #GDP #finance ministry #ToWhatEffect #fiscal deficit #YellowMetal #GoldBug
Duty hike: Gold gluttons will keep demand intact

Jan 16, 2013

Duty hike: Gold gluttons will keep demand intact

India's passion for gold is putting such a strain on state finances that the govt may slap higher import taxes on the metal, but demand buoyed by heady inflation and meagre savings will blunt the impact of any rise in duties.

#India #Gold #Import duty #GoldBug #yellow mettal
Memo to PC: Gold is useful because it is useless

Jan 10, 2013

Memo to PC: Gold is useful because it is useless

A peep into why gold has become the ultimate store of wealth for the world, and especially Indians. #Gold #P. Chidambaram #YellowMetal #GoldBug
Mr C, don't mess with gold; it's HER social security

Jan 08, 2013

Mr C, don't mess with gold; it's HER social security

Ministers and sarkari economists have a warped sense about gold. In India, gold forms a useful social function both as social security and collateral for loans #gold imports #Social Security #Budget 2013 #GoldBug
Western central banks maybe holding less gold than they claim

Oct 26, 2012

Western central banks maybe holding less gold than they claim

Do the western central banks hold the amount of gold they claim in their balance-sheets? There is a strong chance that they don't - which has implications for gold prices #Central banks #Gold prices #GoldBug