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Title: India Central Bank Prohibits Sales Of Gold Coins Post by: melvster on June 06, 2013, 09:30:27 PM http://www.zerohedge.com/news/2013-06-06/india-central-bank-prohibits-sales-gold-coins
Time for gold 2.0? "Bitcoin is gold with wings ..." Title: Re: India Central Bank Prohibits Sales Of Gold Coins Post by: niothor on June 06, 2013, 09:50:30 PM From the article :
"The Reserve Bank of India has advised banks against selling gold coins to retail customers, Finance Minister P. Chidambaram said on Thursday, a day after he raised gold import duty to try to ease pressure on India's bloated current account deficit." There is no prohibition People crapping titles for clicks Title: Re: India Central Bank Prohibits Sales Of Gold Coins Post by: jag2k2 on June 06, 2013, 10:35:08 PM nm
Title: Re: India Central Bank Prohibits Sales Of Gold Coins Post by: Abdussamad on June 07, 2013, 12:09:38 AM A more reputable source:
http://economictimes.indiatimes.com/markets/commodities/Restriction-in-gold-imports-may-lead-to-increased-smuggling/articleshow/20452371.cms Title: Re: India Central Bank Prohibits Sales Of Gold Coins Post by: johnyj on June 10, 2013, 04:26:36 PM Precious metals are on the way out, India become the last buyer :)
Title: Re: India Central Bank Prohibits Sales Of Gold Coins Post by: ruletheworld on June 11, 2013, 01:52:44 AM Time for a nice Bitcoin push. Or buying gold with Bitcoins. At least it will spur both the economies!
Title: Re: India Central Bank Prohibits Sales Of Gold Coins Post by: baritus on June 11, 2013, 03:22:44 AM Gold isn't a safe haven when everyone is pumping their economy.
Title: Re: India Central Bank Prohibits Sales Of Gold Coins Post by: spike420211 on June 11, 2013, 04:29:27 AM Gold jewelry is bigger in India than anywhere else.
That may make coin restrictions a minor setback. Title: Re: India Central Bank Prohibits Sales Of Gold Coins Post by: bb999 on June 11, 2013, 03:54:52 PM Another possibility is the threat of confiscation/restriction leads to even greater levels of buying now, like what happens with guns/ammo in the US anytime a member of the gov't mentions prohibiting sales.
Title: Re: India Central Bank Prohibits Sales Of Gold Coins Post by: kodo on June 12, 2013, 10:24:26 PM Thanks for posting this, good news for us.
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