Commodity Trade Mantra

Posts Tagged ‘Gold Loan’

How, What & Why India needs to do to Improvise it's Gold Market

The gold market in India is in a mess. Smuggling continues big time. Seizure of smuggled-in-gold barely accounts for 3% of volumes each year. Almost 90% of the gold in the markets is adulterated. So, can the situation be remedied? Yes, if there is political will, and the willingness to take a fresh look at gold markets. Here are the things that the government should do. Immediately.

New York Federal Reserve Lying About Gold Storage

Although I’m not sure every gold lease requires a movement of physical gold, the statement from the NY Fed they grant to return the exact same bars deposited by the account holder upon withdrawal, is untenable. As we have clearly seen by the repatriation of some German gold from the NY Fed.

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