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Retail consumers drive Gold demand in India

Retail consumers drive Gold demand in India | Gold and What Moves it. | Scoop.it
From www.bullionstreet.com - February 19, 3:05 PM
India's gold demand surged 41% in the fourth quarter of calendar year 2012. World Gold Council (WGC) data showed the countrys demand at 262 tonnes in the quarter, compared with 185.5 tonnes in the corresponding period previous year.

 

By Dilip Kumar Jha
Retail consumers unabated appetite to own an additional piece of gold has so far nullified the governments efforts to curb its import, in order to control the burgeoning current account deficit (CAD).

India's gold demand surged 41% in the fourth quarter of calendar year 2012. World Gold Council (WGC) data showed the countrys demand at 262 tonnes in the quarter, compared with 185.5 tonnes in the corresponding period previous year. Despite the governments four-fold rise in customs duty to discourage gold import, there was only a 12% decline through 2012, at 864.2 tonnes, compared with 986.3 tonnes in the previous year.

Indias gold demand is largely driven by a combination of retail and urban consumers. ...

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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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