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General Description of Good Delivery Bars LBMA

Weighing: Bars should be weighed in accordance with the procedure laid down by the LBMA (see Annex G "Weighing, Packing and Delivery Procedures for Gold and Silver Bars") Shape: Bars must be cast in open moulds and be ingot-shaped (i.e. with the top surface larger than the bottom surface). A bar should

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Hallmarking of Precious Metals – A Right Approach

The Union Cabinet of India, last month, has approved a proposal by the Consumer Affair Ministry of India to make mandatory hallmarking for precious metal articles. Currently, the Bureau of Indian Standards (BIS), provides certification for hallmarking of gold jewellery, but this is only voluntary. The new proposal aims at

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Should you buy gold savings funds or restict yourself to gold ETFs?

Gold ETFs are a good investment option but you need to have a demat account and a trading account to buy them. If you want to avoid these hassles, you can invest in gold savings funds. These are fund of funds (FoF) that invest in gold ETFs. However, this adds another layer

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Currency wars will boost gold

Gold and silver got whacked again on Friday, prompted this time by news that economic growth in China came in at a disappointing 8.1%. This was down from 8.9% in the previous quarter, and the slowest rate for three years. Chinese consumer prices were up 3.6% in March – below the government’s

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Space: The final gold rush frontier

Last week the company Planetary Resources held a press conference to discuss whether the production of precious metals on Near Earth Asteroids might soon become a reality. Analysts, commodity producers and metals traders agree that Earth's precious metal reserves are steadily decreasing. In South Africa, gold is often extracted at

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2012 Outlook for Gold – Positive Fundamentals Remain and Crucial Diversification

• Introduction – Gold in 2011 • Money Creating Central Banks May Push Gold to New Nominal Record in 2012 • Central Banks Will Continue To Be Net Buyers of Gold • China Foreign Exchange Diversification Should Support Demand • PIIGS Lesson: Iceland Shows How Gold Protects From FX Crises

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Mr. Prithviraj Kothari, MD – RSBL – Record Breaking drop for Gold & Silver in a Single Day

Gold and Silver dropped drastically on Friday. Gold was down by 6 percent and silver 8 per cent. Gold was running at a 15 month low at $1484 and dropped by almost 80 dollars in a single trading day. By Friday evening, gold dropped by Rs.1,050/- per 10 gram and

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Nations are Buying Gold for the same reasons they

THERE IS a tide in the affairs of gold that is changing the entire shape of the gold market, writes Julian Phillips at GoldForecaster. We are not just talking about the demand side but the supply side as well. Neither the gold market nor the Gold Price has factored in these changes yet. And the

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Mr. Prithviraj Kothari, MD – RSBL- Annual Demand For Gold Rises, Despite Rising Prices (2012)

Today we scan and analyse the main highlight of the World Gold Council 4th Qua?rter Report 2012 - It states that demand for gold increased in the 4th quarter despite rising prices and economic slowdown. Let's see WHY and HOW.......... Of all the precious metals, gold is the most popular

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Gold's Inflation Problem

Everybody is fretting about inflation. Central bankers say there's too little, or will be (just you wait). Lesser mortals feel there's way more than the official numbers let on. And finance professionals think there's a lot more ahead. "By the time inflation becomes evident," reckons John Paulson of the $14 billion Paulson &

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