You are here
Bron Suchecki: Why WGC's India gold policy won't cut imports much
11:45a CET Friday, December 12, 2014
Dear Friend of GATA and Gold:
The World Gold Council's proposal to the Indian government this week probably won't do much to address the government's main concern about gold, rupees leaving the country to purchase the monetary metal and thereby adding to the government's current account deficit.
That's the analysis today from Perth Mint official Bron Suchecki. Suchecki wonders if the gold council is trying to pull a fast one on the Indian government. But that would require believing that the council really wants to increase demand for metal rather than paper.
Suchecki's commentary is headlined "Why WGC's India Gold Policy Won't Make Much Impact on Import 'Problem'" and it's posted at his blog, Gold Chat, here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Free Storage with BullionStar in Singapore Until 2016
BullionStar is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore.
BullionStar's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in BullionStar's bullion vault, which is integrated with BullionStar's shop and showroom, making it a convenient one-stop-shop for precious metals in Singapore.
Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage is FREE until 2016 and will have the most competitive rates in the industry thereafter.
For more information, please visit Bullion Star here:
Join GATA here:
Vancouver Resource Investment Conference
Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia, Cananda
Sunday-Monday, January 18-19,2015
* * *
Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:
Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit: