RBI Likely to Impose Curbs on Gold Coin Sale !!

#1
"Banks were allowed to sell gold by importing it to fight the excess dollar flows. By the same logic, the measure should be reversed now as we are at the opposite end of the spectrum. It was a temporary measure, which unfortunately was made permanent by banks," a top RBI official said.
Refer:
Code:
http://business-standard.com/india/news/central-bank-likely-to-impose-curbsgold-coin-sale/478620
Or
http://www.gata.org/node/11508
"...If Real Money (Gold) gets in more public hands, demand/usage for fake money (paper currency) may get injured."
- Unknown​
 

praveen taneja

Well-Known Member
#2
RBI Finance ministery sab bakwas hai inke bas ka kuchh nahin sab quote waale schedule cast reservation ke sahare top seat pe baith gaye hain rahi sahi kasar in do sardaron ne puri kar rakhi hai:mad:

Pahle P notes ka drama kar markets gira di fir wapis le liya

Fir GAAR ke chakkar mein mkt ka Nass mar diya ab Gold coin pe nazar hai

In se puchho whole world rejecting $ and collecting Gold Be it china Russia Brazil Iran EU contries all are buying and these Idiots sitting in policy making not using brain:mad:

They have reason import rising making $ up in Gadhon se puchho FII jinka koi deen Iman nahin unke pair pakadne ki bajaye NRI deposit pe interest badha do dekho kitna $ yahan faink denge par nahin Italy wale padhe likhe nahin Maa Beta Inko USA ki chamchagiri se Fursat nahin Desh Jaaye Chulhe mein:mad:
 
#3
"...If Real Money (Gold) gets in more public hands, demand/usage for fake money (paper currency) may get injured."
- Unknown​
If only, the people could see this FACT!

Gold & silver have been used as money for centuries because they can't be produced at will, their supply is low & therefore it keeps its purchasing-power in the long-run while all paper-currencies are eventually devalued & destroyed because the issuing money is a very profitable business & the issuers' greed eventually leads them to over-issuing it!

People everywhere should demand that all the sales-taxes, capital-gains-taxes & all such taxes on gold & silver be repealed so that people could protect the purchasing-power of their savings, without fear of being diluted by inflation caused by rampant over-issuance of paper-money by the governments!
 

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