Government of India while the war over gold wins. In August it was imported into the country only 2

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Government of India while the war over gold wins. In August it was imported into the country only 2.5 tonnes of gold (95% decline on a monthly basis), tj es compared to 47.5 tonnes in July, 31.5 in June tonnes and 162 tonnes in May. The main reason is valid for the 80% of imports and 20% of exports. The rule makes traders problems. Is applied so that the first dealer must demonstrate interest by customers of exports, when he wants to bring the metal into the country. This is considered by many as quite difficult and so far resorted to consumption of gold. The Indian government also reportedly eager for the gold they have in their possession temples. The local central bank should be sent to temples challenges require leaders temples to disclose the exact amount of gold they own. It is assumed that the temples tj es of the country tj es could have up to 30 000 tons of gold in various forms. Given the religious and cultural importance of gold in India, it also raises political anger in the country. One example. resulted in the fact that some right-wing parties tj es are encouraged churches to this request the central bank ignored. Similarly, trying to stem the flow of gold into the country and Pakistan, which extended one-month import restrictions. Imports into the country has increased compared to last year by 102% when some importers of gold seek to cooperate with Indian traders, whose situation is not ideal. Smuggling of gold from Pakistan to India has also doubled. tj es
Another striking miners in South Africa have agreed with Harmony Mines to increase salaries. Which offers tj es its employees a wage increase om between tj es 7.5 to 8.0%, which initially refused, but now join the agreement last week, which was similarly agreed and other companies. On the other hand, competitive trade union has decided to refuse this offer and join the strike.
The company tj es Pan American Silver has decided to cancel its major hedge trade on silver and gold. He was settled at 5.3 million. ounces of silver and 24 thousand. ounces tj es of gold at a price of $ 20.43 for silver and gold 1323 USD for 12 months, representing a 20% silver, respectively. tj es 18% of gold production. The reason for termination of these fixed stores is increasing pressure for fast delivery direct metal and metal redemption without intermediaries.
It seems that Romanian protesters who last week protested against gold mining project in Rosia Montana, manage to stop mining. Shares of Gabriel Resources Ltd., Which implements the project, fell the most since 1994, after the country's prime minister said that the legislator should decide as soon as possible to the detriment of the project, whereas the opposition against him is unsurpassed.
Last week took an interesting historical re-discovery. Reportedly worth several billion, which should also contain up to 400 IST. gold coins. Treasure Hunters found nothing other than a sunken pirate ship of 18-century stitches off the coast of Cape Cod (Cape Cod), which is the coastal belt and cape in the easternmost part of the state of Massachusetts in the United States.
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