Welcome to Gold Investor Tuesday, July 29 2014 @ 10:45 AM EDT

Indians still restricted on gold imports but can borrow more against their gold holdings

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  • Tuesday, July 22 2014 @ 02:06 PM EDT
  • Views: 51
Gold There was much "hope" that the incoming Narendra Modi government would ease up the gold import restrictions but if the new finance minister Arun Jaitley is to be believed, restrictions on gold import are likely to remain in place.

"Each step is being continued...efforts are being made to continue each of these steps," Jaitley said while referring to measures taken by the UPA government last year to contain Current Account Deficit (CAD) that touched a record high of 4.7 of GDP or $88.2 billion in 2012-13.

"The measures taken by the government and the RBI helped contain India's current account deficit to $32.4 billion in 2013-14 and build up foreign exchange reserves to a level of $316.4 billion on July 4, 2014," Jaitley said in reply to questions in Rajya Sabha."


Could Sudan become Africa's leading gold producer?

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  • Tuesday, July 08 2014 @ 09:36 PM EDT
  • Views: 85
Gold Sudan has been through a tumultuous (recent) past with the country being split up, based largely on the lines of religion and an ongoing problem with alleged support of terrorism. But the country is the third largest producer of gold in Africa and hopes to leap ahead of Ghana and South Africa before the end of this decade, to become the largest gold producer in Africa.

The Sudanese government, including its minister of mining, Ahmed Mohamed Sadiq al-Karuri, have been pitching the gold industry to visiting mining companies and governments. Any success in increasing mining of gold, and iron, chromium, and copper, would help the country make up for the loss of oil production, which is now located in South Sudan.

South African platinum miners strike to continue

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  • Wednesday, June 18 2014 @ 02:19 PM EDT
  • Views: 119
Other The ongoing strikes at South African platinum mines do not seem to be over anytime soon as the industry's union (ACMU) has made some brand new demands of the mining companies. This does not look good for platinum mining in South Africa, which accounts of 80% of worldwide platinum mining, but should be a positive for the price of the precious metal/commodity.

Let them eat gold

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  • Thursday, June 05 2014 @ 10:18 AM EDT
  • Views: 126
Gold What better way to jazz up that $160 sandwich than to top it off with some (edible) gold leaf? That's what chef Luke Venner has done at his NY based restaurant, BLT Fish. The request only lobster roll features lobster (of course), caviar and is topped with gold leaf. And people say "you can't eat gold".

Rickards lays out case for massive physical gold shortages

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  • Thursday, May 29 2014 @ 01:11 PM EDT
  • Views: 271
Gold Gold monetization has made trading, investing and in a sense manipulating of the precious metal a whole lot easier. But eventually investors won't be satisfied with a piece of paper and will want to hold the physical metal to negate any counter party risk. So says investor, commentator and author Jim Rickards. Jim has written a couple of very successful books; the most recent being The Death of Money and its predecessor, Currency Wars, which was published a couple of years ago. In this interview with Greg Hunter, Rickards lays out his views on some upcoming drastic changes to the current financial system which would affect the lives of billions of people. This is a must watch interview regardless of your views on gold.

Reserve Bank of India eases restrictions on gold imports

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  • Thursday, May 22 2014 @ 04:02 PM EDT
  • Views: 180
Gold Many gold watchers have been looking towards the newly elected Indian Prime Minister, Narendra Modi and his BJP government, to clarify their stand on legal gold imports into India. Now the Indian central bank (RBI), has already started easing some of the gold import restrictions by allowing an additional seven companies/entities to import gold. Reuters reports:

"The RBI eased tough gold import rules on Wednesday by allowing seven more private agencies to ship the precious metal, a move that industry officials say could augment supplies and reduce premiums in the peak wedding season."

"As a result, more than 20 entities, including state-run banks, private banks and agencies will now be allowed to import the metal. "This is a welcome step as it is some sort of relaxation. Supplies will increase in another 8-10 days and premiums will certainly come down," said Bachhraj Bamalwa, director with All India Gems and Jewellery Trade Federation."Some gold that was routed through illegal channels will now be routed legally."

Silver lies, and the liars

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  • Tuesday, May 13 2014 @ 01:36 PM EDT
  • Views: 187
Silver An interview with David Morgan of Silver-Investor.com and Rory Hall of TheDailyCoin.org delving into the realities of silver supply, (industrial/investment) demand and price of paper vs physical silver, especially Canadian silver Maple Leafs and American silver Eagle coins.

Dubai wants bigger piece of the gold refining pie

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  • Monday, May 05 2014 @ 01:17 PM EDT
  • Views: 191
Gold A lot of the physical gold that moves around needs to be refined to reach the desired purity and size of the new buyers - either after the initial refining at the mine, transfer from central banks or as part of the general recycling of gold. The London Bullion Market Association (LBMA) accredited refining industry is highly concentrated in Switzerland with over 3,000 tonnes per year passing through the tiny European country. Johnson Matthey, Valcambi, Metalor, Argor Heraeus and PAMP are the Swiss gold refining behemoths - some of which even retail gold buyers would recognize.

The burgeoning Middle Eastern market for gold has seen Dubai emerge as a hub for precious metal trading, both to meet the (wealthy) local demand as well the Indian and Chinese demand for gold bullion and jewelry. Kaloti Precious Metals already operates a 450 tonne per year gold refinery in Dubai but now has concrete plans to significantly increase its local refining capacity as it also sets up as an accredited refinery on the "Good Delivery List" of LBMA.

Silver faraday cage, for your crotch

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  • Wednesday, April 30 2014 @ 02:23 PM EDT
  • Views: 227
Silver Rates of male fertility have been declining over the last few decades with lifestyle, diet/nutrition and chemical exposure being the most common reasons cited by the experts. More recently, with the huge growth in both cellular and wireless device use, studies have also shown that the electromagnetic (EM) radiation from mobile phones and Wi-Fi devices can also negatively affect male reproductive health. Several studies seem have been done, with many showing a relationship. A British entrepreneur is pitching an Indiegogo campaign to sell special underwear, which uses silver threads woven into the cotton fabric to create a faraday cage, thus preventing male reproductive damage in our EM rich environment. Enter:

Wireless Armour: Men's Underwear Protecting Your Health
Premium men's underwear that protects your health from Electromagnetic radiation. Designed for men who live in the modern world.

Gold bullion investments could be coming to UK pensions

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  • Friday, April 25 2014 @ 11:04 AM EDT
  • Views: 219
Gold Pension plans in the United Kingdom are awaiting a ruling from their financial services industry regulator, the Financial Conduct Authority (FCA), on whether gold bullion will be added to its list of “standard assets”. The FCA defines standard assets as:

“...capable of being accurately and fairly valued on an ongoing basis, readily realized whenever required, up to a maximum of 30 days, and for an amount that can be reconciled with the previous valuation”...

Logically speaking, this should make the approval of gold a no brainer but the final FCA decision is expected later this year. Investment grade gold has been an allowed holding in self-invested personal pensions since 2006 but a positive ruling by the FCA should increase the awareness of available gold bullion investment, with the British investors.
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