Relevant:
- China's HK gold trade hits new annual record, but where's it all coming from?
- Indian Gold Import Exploding In March; Government Looks Towards New Suppression Schemes - Koos Jansen
- Is Asian gold demand really slipping so much? - Lawrence Williams
- 140 tons of smuggled Gold to reach India this year
- Does The WGC Understand The Chinese Gold Market?
2012-07-08 — gata.org
In the recent past, measures such as hiking import duty, dissuading banks from dealing in gold, and discouraging non-bank financial companies from extending their gold loan portfolio have been tried. But if experience is to offer any lessons, such efforts will be in vain. The annual import of gold in 2011-12 is reported to have crossed 900 tonnes.
...
... it would be worth trying how far the existing supplies in the country can be diverted to the financial system so that the unproductive nature of the gold asset is turned into a financially-productive stream. A few of these approaches are considered here.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.