India Central Bank Prohibits Sales Of Gold Coins

[melvster]

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 ..."

[1715562863]

1715562863

[niothor]

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

[jag2k2]

nm

[Abdussamad]

A more reputable source:

http://economictimes.indiatimes.com/markets/commodities/Restriction-in-gold-imports-may-lead-to-increased-smuggling/articleshow/20452371.cms

[johnyj]

Precious metals are on the way out, India become the last buyer 

[ruletheworld]

Time for a nice Bitcoin push. Or buying gold with Bitcoins. At least it will spur both the economies!

[baritus]

Gold isn't a safe haven when everyone is pumping their economy.

[spike420211]

Gold jewelry is bigger in India than anywhere else.
That may make coin restrictions a minor setback.

[bb999]

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.

[kodo]

Thanks for posting this, good news for us.