Commodity Trade Mantra

Posts Tagged ‘Tax on Gold’

Gold Demand in India is Bound to Rise - Here Is Why

One of the major drivers for demand is the growing middle class & the popularity of gold jewelry during wedding seasons. Acceptability of gold in banking and financial transactions is also on the rise. Also, 60% of gold jewelry demand comes from weddings. We have 10 million weddings every year on average. And more than 60% of India’s people are below the age of 25.

Insurance against Event Risks & Inflation is Cheaper: Time to Buy Gold

Gold tends to do well when other assets do badly, but it does best of all when people lose faith in central bankers. Gold’s current price means also means it is now cheaper for investors seeking insurance against other assets falling. Gold prices should recover from this latest pullback as the move higher in real rates is unlikely to be sustained and we see longer-term value around these levels.

What the Next Gold Confiscation Will Look Like

Many have speculated that the US government could once again turn to gold confiscation/nationalization if it became desperate enough. These fears are not unfounded given the abysmal financial situation of the US government that only continues to get worse, coupled with a total lack of political will to cut spending.

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