Tag: India

Precious Metals Market – India Gold Deposits Climb

Precious Metals Market – India Gold Deposits Climb

By Everett Millman – Gainesville Coins …….   The Indian government’s plan to monetize the country’s vast amount of privately-held gold may finally be taking root, little by little. Known collectively as Gold Monetization Schemes (GMS), these various offers for Indian citizens to put their gold to financial use by depositing into an account were […]

World Precious Metals – Indian Temple Deposits Gold

World Precious Metals – Indian Temple Deposits Gold

By Everett Millman – Gainesville Coins ……….   The government of India may have finally gotten a break regarding its attempts to monetize the country’s vast quantities of “idle” gold. While it is estimated that the public in India holds a staggering 20,000 metric tonnes of gold (or more), a considerable portion of these savings […]

India to Issue Its Own Gold Bullion Coin

India to Issue Its Own Gold Bullion Coin

By Everett Millman for Gainesville Coins….   You may have heard that India has a long tradition of being a virtual “black hole” for gold: the yellow metal consistently flows into the country, but never leaves. This has been the case not just for as far back as recent memory reaches, but all the way […]

The Coin Analyst: India Proposes New Gold Bullion Coin, Monetization Plan

The Coin Analyst: India Proposes New Gold Bullion Coin, Monetization Plan

The Coin Analyst – CoinWeek.com   India has proposed plans to monetize gold, and a new national bullion coin program is in the works. On February 18, 2015, the Central Bank of India lifted its ban on the import of gold coins and medallions. While restrictions still prevent Indian banks from selling gold coins and […]

Gainesville Coins Market Update: May 18-22, 2015

Gainesville Coins Market Update: May 18-22, 2015

By Gainesville Coins….   It was a largely flat week for equities as trading volumes dropped ahead of the holiday weekend in the U.S. Large investors seem to be staying on the sidelines in the stock market, while the bond market remains uncertain after last week’s sell-off. The precious metals gave back much of last […]

1944 Palestine Currency Board 5-Pound Banknote Sells for $12,980

1944 Palestine Currency Board 5-Pound Banknote Sells for $12,980

By Archives International Auctions….   A Palestine Currency Board £5 note dated 1944 and with rare “F” prefix sold for $12,980 at a sale of U.S. and worldwide banknotes, federal bonds and documents and security printing ephemera held March 10 by Archives International Auctions, in the firm’s offices at 1580 Lemoine Avenue in Fort Lee, […]

By April 8, 2015 0 Comments Read More →
NGC Grades Rare 1897B Gold British Trade Dollar

NGC Grades Rare 1897B Gold British Trade Dollar

Numismatic Guaranty Corporation® (NGC) has certified an extremely rare Great Britain 1897B Gold Trade Dollar. Graded NGC PF 61, it is one of only a handful of examples believed to exist and is the only specimen certified by NGC. The prominent United Kingdom auction house Baldwin’s will offer this extraordinary coin as lot 1068 in […]

Consumer Demand for Gold Up 53% in Q2 2013 Led by Strong Growth in China and India

Consumer Demand for Gold Up 53% in Q2 2013 Led by Strong Growth in China and India

The latest World Gold Council Gold Demand Trends report, which covers the period April-June 2013, highlights how recent falls in the gold price have generated significant increases in demand, most notably from consumers in China and India – by far the biggest markets for gold – compared with the same time last year. Globally, jewellery […]

Fed Minutes Split Metals Traders, India’s Festival Gold “Already Stockpiled”

Fed Minutes Split Metals Traders, India’s Festival Gold “Already Stockpiled”

London Gold Market Report from Adrian Ash BullionVault Wednesday, 21 August 08:15 EST BULLION prices recovered most of an earlier dip lunchtime Wednesday in London, with gold trading 1.2% lower for the week so far ahead of policy-meeting minutes from the US Federal Reserve. Asian and European stock markets fell once again, as did commodities […]

Can India Really Cut Gold Imports?

Can India Really Cut Gold Imports?

By Gainesville Coins Blog ……   India is struggling with a record current accounts deficit in the midst of an economic slowdown, and the government says the #1 culprit is gold imports. India is the world’s largest importer of gold, with a total of around 800 tons, worth $58 billion USD, imported last year. In an […]

Gold’s performance reflects continued challenging economic climate

Gold’s performance reflects continued challenging economic climate

Global gold demand in Q2 2012 was 990.0 tonnes (t), down 7% from the 1,065.8t in Q2 2011 according to the World Gold Council’s Gold Demand Trends report. This dip in demand was partly due to the comparison with exceptional demand last year, and also reflects the challenging global economic climate. In this context, gold […]

Will The March 28 Meeting In New Delhi Torpedo The US Dollar?

Will The March 28 Meeting In New Delhi Torpedo The US Dollar?

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com In recent years, when gold and silver prices were knocked down hard, this development was almost always followed by the occurrence or at least the disclosure of events that were horrible news for the US government, economy, or dollar. With the extreme blatant suppression […]

 
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