India has a lot of gold, we think, but how does it compare to what other central banks have stashed away? A ton of gold is worth around $56 million. India has only a TINY amount in comparison. Of course our private hordes of Gold are substantial; including those at temples or buried away. Source: [...]

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Gold is increasingly viewed in two kinds of angles, by seriously literate people all over the world. 1. That there will be inflation, and thus, gold will be our savior. 2. There is no real safe currency anymore, so we must run to gold instead. Either ways, Gold is being bought, so much that it [...]

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I got this as an email from Mr. Prakash Kamath, on a group I’m on. A graph containing the monthly Sensex, Gold and Silver changes over a long time. Silver Returns Since 2003: Gold Returns Since 2003: Sensex Returns Since 1981:   I t…

Posted in Credit Repair, Gold, Nifty, Sensex Comments Off

RBI just hurt Gold Loan companies who had big advertisements on TV and Radio (Mannapuram, Muthoot). From Moneycontrol: The RBI is keen that banks lend more to the agricultural sector. That is the reason why it has said that only direct loans given…

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NSE is introducing Futures and Options on the Gold ETF – GOLDBEES – from April 30. This is quite interesting because no commodity has options on them in India, so in a way this is a first. If you are long Gold, for instance, and are only minorly bu…

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The Reserve Bank of India has bought 200 tons of gold from the IMF. The deal was done around $1045 per ounce, which means they’ll pay a little less than $7 billion for it. The IMF had announced that it would sell around 400 tons of gold – that’s 400,00…

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George Washington writes in at Naked Capitalism on whether Gold is a Reasonable Investment.

It’s an excellent compendium of links, articles and opinion on Gold. Some points:

Gold, considered a hedge against inflation, does well in deflationary envir…

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IMF plans to sell 12.5% of its gold reserves, 403 tons worth:

The International Monetary Fund has approved a sale of 403 metric tonnes of gold reserves, in a move likely to raise $13bn (£8bn) of cash to replenish its coffers for lending to low-income…

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