Just showing a couple pieces of gold and silver that I recently purchased. 10 gram (0.35 ounce) PAMP Suisse gold bar, and Canadian Wildlife Series 1 ounce Moose (2012) and Antelope (2013) coins. The design on the gold bar depicts Fortuna, Roman goddess of fortune. Thanks for watching.
Please note: I am not a precious metals professional, nor do I pretend to be. I'm just some random person on YouTube showing a few coins. Please perform your own due diligence before deciding to invest in precious metals. This video is only for your entertainment, it is not investment advice of any kind. Thanks
Friday, June 7, 2013
India: Govt told to raise import duty on Gold
They made such a request arguing that duty hike on gold in India would spur smuggling of yellow to the southern neighbor at a time when the local market is facing shortage of gold.
India on Wednesday hiked gold import duty from 6 percent to 8 percent to curb its current account deficit.
“At a time when the domestic market is facing gold shortage, the recent duty hike in India might increase gold smuggling to India,” Mani Ratna Shakya, president of Federation of Nepal Gold and Silver Dealers´ Associations, told Republica. “Hence, we have requested the government to hike the duty as soon as possible.”
If customs duty on gold is raised in line with India, the yellow metal will be dearer in the domestic market by around Rs 1,000 per 10 grams. But traders have requested the government to increase the import duty by at least Rs 1,500 per 10 grams to prevent smuggling of gold to India.
“If the government does not raise duty immediately, the duty hike in India, which has made gold expensive there compared to the local market, will encourage smugglers to illegally export the yellow metal to India to get Indian currency which is selling at higher rates in black market,” Shakya added.
http://www.myrepublica.com/portal/index.php?action=news_details&news_id=55836
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
Robert Kiyosaki : For many, a student loan will be the proverbial albatross around their neck for life.
Robert Kiyosaki : For many, a student loan will be the proverbial albatross around their neck for life.
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.
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