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Missouri politicians aim to simplify use of gold as money

Missouri is the latest US state that is trying to follow Utah's example by allowing physical gold and silver to be used as legal tender. According to the Constitution, gold and silver coins – such as the American Gold and Silver Eagle – should be accepted as legal tender in all of the US, but of course this has long since ...

2012-APR-30 · Roman Baudzus

Gold ETFs thorn in the eye of Indian jewellery traders

In recent months Indian banks have launched a major advertising campaign to persuade Indians of the virtues of paper gold and silver products. It looks like this campaign is bearing fruit, as Indian investors have rapidly increased their purchases of shares in gold ETFs. Traders who operate traditional businesses based on trade in ...

2012-MAR-16 · Roman Baudzus

Dubai explores new ways of selling gold

Gold merchants in Dubai are seeking new ways to offer their gold products to tourists and buyers from India. More and more gold kiosks are being opened which – in contrast to large showrooms – can satisfy many potential customers in a short period of time. Because it takes fewer employees to run such a kiosk, this distribution ...

2012-FEB-14 · Roman Baudzus

Indian dealers remain optimistic about gold sales

Towards the end of 2011 India's gold and silver imports fell. Upon conclusion of the festival season – which started back in October with the Diwali festival of light, followed by the wedding season – local dealers reported that demand for precious metals had decreased more than expected, owing to weakness in the rupee. ...

2012-JAN-16 · Roman Baudzus

 

Gold coins: the United Kingdom´s Gold Britannia

The United Kingdom´s Gold Britannia has been minted by the British Royal Mint since 1987. It appears in four different weights, ranging from 1/10 to 1-ounce coins. Each of the Britannia´s coin weights have a different nominal value, ranging between £10 and £100. 150,000 of the new edition of the Gold ...

2011-DEC-02 · Roman Baudzus

Vietnamese state exerts further control over national gold market

The Vietnamese central bank has announced that it will take over Saigon Jewellery Company (SJC), the country's largest gold dealer. This move will have a strong impact on the local gold market, since SJC has a 90% market share. The Vietnamese government aims to control the national gold market via its central bank. The Bank of Korea has ...

2011-DEC-02 · Roman Baudzus

Indians favouring gold over silver

Silver contracts for December delivery dropped 641 rupees (1.15%) to 55,205 rupees per kilo at India's futures markets. Operators at India's Multi Commodity Exchange informed analysts that the silver price was under sales pressure mainly due to developments overseas. The external value of the US dollar has been appreciating against most ...

2011-NOV-24 · Roman Baudzus


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