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Gold from China to India via Nepal

Gold from China to India via Nepal | Gold and What Moves it. | Scoop.it
From www.bullionstreet.com - December 5, 2012 2:28 PM
Gold prices in China is much lower than in India at Rs 48,000 per ten grams while the same cost around Rs 50,500 in India,prompting smugglers to buy in China and sell it in India.

 

KATHMANDU(BullionStreet): "Nepal, which lies between the two Asian giants of India and China has become the new route of illegal gold supply to India from China.

 

"Gold prices in China is much lower than in India at Rs 48,000 per ten grams while the same cost around Rs 50,500 in India,prompting smugglers to buy in China and sell it in India.

 

"Analysts said major buyers of smuggled gold are Indian exporters to Nepal as some of the export items are under-invoiced and cannot be paid back legally.

 

"Nepali importers are paying Indian traders with gold from China. Smugglers are supplying gold to traders as the yellow metal become a new form of currency ..."

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The Reasoning Behind Basel Three Liquidity Requirement Delays « Jim Sinclair's Mineset

From www.jsmineset.com - January 9, 1:32 PM

My Dear Friends,


The entire reason for the agreed delay of the Basel Three liquidity requirements is the Western financial system’s balance sheets. They are cartoons because of FASB blessing of debatable values for paper assets such as OTC derivatives with absolutely no market relationship.

 

Put succinctly, the Western world financial system simply does not have the ability in terms of real liquidity to meet Basel Three requirements. That is the entire story. The tomes written on this should be but one line – bankrupts cannot meet liquidity requirement now or in two years from now.

 

Add this to the news that a derivative dealer out of Citi has been proposed as Secretary of the US Treasury and my conclusion is that in truth, "Father forgive them because they (our esteemed leaders) really do not know what they have gone and done."

 

Respectfully, 
Jim

Hal's insight:

Heed Jim Sinclair.

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Jim Rickards - Who Will Bail Out the Fed & How High for Gold?

Jim Rickards - Who Will Bail Out the Fed & How High for Gold? | Gold and What Moves it. | Scoop.it
From kingworldnews.com - November 23, 2011 1:53 PM

"The United States now has a system in which the Treasury runs huge deficits and sells bonds to keep from going broke. The Fed prints money to buy those bonds and loses money owning them. Then the Treasury takes IOUs back from the Fed to keep the Fed from going broke. This arrangement resembles two drunks leaning on each other so neither one falls down. Today, with its 50-to-1 leverage and investment in volatile securities, the Fed looks more like a poorly run hedge fund than a central bank." - James G. Rickards on King World News.

 

Please go read the full post. It's information you need to make decisions in this economy.

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