Gold and What Moves it.
81
Tracking all things that relate to and affect the price of gold.
Curated by Hal
Follow
Scooped by Hal onto Gold and What Moves it.
Scoop.it!

Nepal Gold imports up nearly 15%

Nepal Gold imports up nearly 15% | Gold and What Moves it. | Scoop.it
From www.bullionstreet.com - February 12, 3:04 PM
Nepal Gold and Silver Dealers Association said import value of gold shot up by double digit during the six-month period even though daily imports of gold through formal channel remained unchanged at 15 kg.

 

KATHMANDU(BullionStreet): Nepal imported 14.38 percent more gold during the first half of this fiscal as against the same period of last fiscal year.

 

According to Nepal Trade and Export Promotion Center, the nation imported gold worth Rs 13.28 billion in the six-month period to mid-January as against Rs 11.61 billion recorded in the same period last year.

 

The Center attributed the hike to international price hike of the precious yellow metal and depreciation of Nepali currency. ...

Hal's insight:

Now why in the world would they want gold, hmmm? LOL  

  • Comment
  • +
No comment yet.
Sign up to comment
Delete the scoop?

Are you sure you want to delete this scoop?

Yes No
Discover Topics Hal is following
Kuffar News Photography Gear News Just Story It Commodities, Resource and Freedom the Gonzo Trap The Truth Behind the Headlines
and 10 others
Your new post is loading...
Scooped by Hal
Scoop.it!

Gold as a Weapon in the Currency War: Chris Mancini - The Gold Report

Gold as a Weapon in the Currency War: Chris Mancini - The Gold Report | Gold and What Moves it. | Scoop.it
From www.theaureport.com - January 10, 4:43 PM
There is a war raging behind the scenes among the world's currencies. Chris Mancini, an analyst with the $400-million Gabelli Gold Fund, believes that gold will emerge the victor.

 

... TGR: You don't hear many pundits predicting a falling gold price in 2013, yet we continue to see volatility in the space. What's your forecast for the gold price in 2013?


CM: We're very constructive on the gold price in all currencies. All over the world, money is being printed, and gold is the one currency that can't be reprinted or replicated. The money that's being printed will ultimately lose its purchasing power, and gold should retain its purchasing power. Gold should continue to go up relative to currencies that will be losing their value. More debt leads to more money printing, and more money printing leads to continued devaluation of currency. It's a positive macroeconomic environment for gold.


TGR: Some investors don't view gold as a currency. They view it as a metal, a relic.

 

CM: Historically, gold has been the ultimate currency and, at some point in the future, will again be the ultimate currency. It's not legal tender, but that still doesn't mean it's not something that will hold its value over time relative to paper. ...

Hal's insight:

Click over for the full interview.

No comment yet.
Sign up to comment
Delete the scoop?

Are you sure you want to delete this scoop?

Yes No
About Media Follow us How it Works Legal Mobile Developers
Facebook
Twitter
Google +
LinkedIn