Gold: Ornaments, Uses, Consumers, Investors, history and Gold Market in India
Top 10 Reasons why Indians Love Gold - Really Funny
History of gold in India
Gold is forever. People consider gold as true asset. Since time immemorial, it is one of the costliest metals. Its glitter attracts people and they love to wear it as ornaments. Gold has no or minimum affect of weather changes on it. Its rarity makes it expensive and every body likes to possess it. It has a universal value that has never changed (with time). Governments and central banks keep it as reserves. most of the persons, rich or poor, like to keep their savings in form of gold.
Indians are in love with Gold:
The predominant population of India is Hindus. They believe gold as a metal of gods and monarchs. Hindu religious books have mentioned gold as a commodity of immense value. People in India wear gold Jewelry for ornamental value on most of the social functions, festivals and celebrations. Hindu culture and their love for gold have influenced people of other religions in India. Therefore, all most all women in India like to wear gold Jewelry irrespective of their religious belief, social and cultural background. A large number of Indian men also wear gold Jewelry in form of chains, bracelets, and rings.
Whenever think gold, think of india, world's biggest consumer.
There are historical reasons for the same. India had been enjoying status of most advanced and rich country in the world for millenniums. India was called golden bird at those times. India had been exporting silk, spices, speaking parrots and many other consumer goods to Romans, Greeks and Egyptians in ancient times. India was the biggest producer of consumer goods at that time. They were the biggest exporters too. India had claimed two third of global exports at that time. They were exporting a lot but had nothing to import. Therefore, they imported gold and gemstones against their export. India has accumulated huge quantity of gold and it continues to do so. India produces huge quantity of gold Jewelry. Adherence to ethics enabled Jewelers trustworthy. Gold also enjoys safe-heaven status for investment.
Trusted house for Gems and Jewelry
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Jadau Kundan Meena Rings, Necklace, Pendant, Earring, Emerald, Manufacturers Wholesalers Retailers Gemstones, Kundan Meena, Fashion, Bridal, Diamond Jewelry. Jaipur Bikaner Hyderabad Kolkata Mumbai.. Global Network
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Gold import and government policy
Official gold import of India has estimated at eleven hundred tones. This figure does not include gold jewelry import and gold smuggled into India. It is generally assumed that India imports more than three thousand tons of gold.
In sixties Indian government had imposed a ban on official import of gold except against value added export of gold jewelry. Therefore, there was no official import those days. The only channel for import was smuggling. In 1992, the government has liberalized its policy and permitted non-resident Indians to bring in five kilograms of gold per person on payment of import duty in hard currency. The government has further liberalized gold import policy and allowed ten kilograms per person. Indian government now allows official gold import.
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Jewellery with Meena is a special class of Indian jewellery.Indian enamelling(Meenakari)work is mainly done in Jaipur, Bikaner, Sardarshaha, Varanasi and Hyderabad with kundan-jadau.Surana family pioneered the art under the Royal patronage of Jaipur
Gold and Gold jewelry
India has witnessed income tax slab up to ninety seven percent at one point of time. This resulted in large-scale tax evasion. The tax reforms of the last several years have indeed reduced the level of evasion. Parallel economy of black money is continuing in the country even today. One cannot keep cash that is black money in Banks. If they do so; they cannot hide it from the tax authorities. The most convenient way to keep unaccounted wealth is in the form of gold Jewelry.
Black money is still a concern for Indians. It is increasing due to corruption.
Moreover, Indian rupee had been continuously depreciating against hard currencies in the twentieth century. It encouraged investors investing in gold at that time. Despite price fall in dollar terms gold has shown an up-trend in Indian rupee on the long-term basis. Therefore, Indians continue to believe gold as a safe tool of investment and hedge against inflation.
Gold price in India is higher than the international price because of import duty. Kolar is the only gold mine in India that produces small amount of gold. Due to huge consumption of gold in producing Jewelry and inadequate production, India continues to depend upon import.
Gold Jewelry
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Some other reasons of popularity of gold
Large population of India lives in villages. Many of them, in recent past, were too poor to have proper living arrangements. These poor people had negligible assets. They wanted to keep it in their physical possession all the times, because they had not even residences to keep it. Hence, wearable gold Jewelry was the only option for them. Floods and droughts were continual phenomenon of their lives. Those forced many villagers to flee to safer places. It was easy to carry gold Jewelry while fleeing in distress. They used to sell or mortgage it while in crisis and purchase it in good times.
Approximately ten million marriages occur in India every year. India has a tradition of gifting gold in the marriages. Rich, middle and poor all classes bestow gold in form of Jewelry upon their daughters. Rich and middle classes also have a trend of presenting gold Jewelry to the near relatives of the bride and the groom in marriages. These marriages require about one thousand five hundred tons of gold every year. It is evident that gold demand in India cannot easily go down.
Agriculture is the base of Indian economy. Gold Jewelry is popular among farmers too. Gold jewelry sales spurt after a bumper crop.
There are many religious, social and cultural festivals in India. Affluent people generally present gold ornaments in these festivals to females in their family.
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Gold shopping Festival of India: Dhan Teras and Akha Teej
India is a place of festivals. And India has a love for gold. Hence, both festival and gold is amalgamated in India.
Indian people love to buy gold especially when in festive mood. Akshaya Tritiya (Akha Teej) and Dhan Teras are special days among festivals of India for buying gold and silver.
North Indian people prefer to buy gold and silver on Dhan teras and Diwali whereas South Indians on Akha Teej. Bothe these festival days are considered auspicious for buying gold and silver in India.
People of India believe that gold and silver bought on these days of festival brings wealth and happiness. It is almost customory to buy gold and silver on Akha Teej, Dhan Teras and Diwali.
About Kundan Meena Jadau Jewelry
Gold Jewelry
The jewelers use gold in diamond and color stones studded jewelry (studded with ruby, sapphires, coral, emerald, pearl, tourmaline etc) besides plane gold Jewelry. They also use it while producing Kundan Meena Jadau Jewelry. India consumes as well as exports gold, diamond and Kundan Meena Jadau Jewelry and articles. All these require lot of gold.
India has grown as a major player in the software and BPO markets. Indian software engineers are highly rated in developed countries (US, EU, Canada, Japan etc). Non-resident Indians are very rich. They are the main sources of hard currency required for gold imports.
Some other uses: Rich people use golden embroidery in their expensive dresses. Some ayurvedic and homoeopathic medicines contain gold. Some people embed gold in the foundation of a new house. They consider it very auspicious. Some people place some gold in mouth of a dead body at the time of funeral. Painters use gold in their paintings. It is a common trend in India to gold-paint idols, temples and monuments. Gold painted handicraft items are also popular in India. Thin flaps of gold (barak or tabak) are also used in expensive sweets. Gold has some industrial uses too.
It seems that Indian Gold demand will remain high with economic prosperity of the Indians.
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BEAUTIFUL DESIGNER GOLD TONE LARGE PAIR OF HOOP EARRINGS FASHION JEWELRY INDIA
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2CT PEACH-PINK INDIA PADPARADSCHA MINED OV SAPPHIRE 14KT YG POSEY RING SZ 7 NR
Current Bid: $143.54
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ELEGANT HEART & BEADS EAST INDIA 22K 24K Gold GP Baht Thai Necklace 18"
Current Bid: $24.95
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Shifting from gold to infrastructure
However, change in attitude may benefit India this particular time. It seems that gold price will go down globally in near future. India, China and Middle East have been the major buyers of gold in recent years. China has been exporting much and has huge trade surplus. It has been buying gold out of that surplus. However, its export and trade surplus has also been declining. Crude price soared in recent past that enabled Middle East countries to purchase more gold. Now crude price has shown a low of $ 33 (19 Dec. 2008). Fall in crude price has seriously affected their purchasing power. Moreover, Saudi prince has lost huge money in City Bank down fall. IMF has also declared its intention to sell one thousand tons of gold. All these will affect gold demand and its price.
India has accumulated huge quantity of gold but it lacks in infrastructure. India needs huge investment in infrastructure sector. They are looking for foreign investment in this field that is not likely to come easily. India cannot maintain its growth rate without huge investment in infrastructure. It also needs to put money in agriculture sector but there is not enough money.
It is better for the Indian government to encourage people to convert their gold investments into infrastructure investment. If they come with a policy for the same it can change the economic destine of Indians.
Related hubs:
Can india bail out America and rest of the world... Part 1
Can india bail out America and rest of the world... Part2
Comments
Minikoro Miners Association do hereby state that we are Ready, Willing and Able to Sale AU Metal Gold Dust of non criminal origin subject to a mutual contractual agreement with all pertaining documentation.
Commodity: AU Metal Gold Dust
Fineness: Not lower than 22 carats.
Quantity: 50/200 kilos (option) with rolls and extensions. (First tranche)
Negotiable 1 year contract with monthly tranches of any amount.
Delivery: To be Negotiated. We can start with lesser quantity as first tranche
Price: $35.000.00 usd. (FREE from all Liens and Encumbrances).
Payment: By SWIFT Wire Transfer or as agreed between Buyer / Seller.
Documents: Seller shall provide all relevant documents
Shipment: Buyers will be responsible for shipment cost or as otherwise agreed.
We shall assist in effecting delivery to buyers designated location in case buyer cannot come to Sierra Leone.
We effectively handle shipment to any designated refinery/location as a licensed shipper
After Assay Outturn Report is acceptable to both the Buyer / Seller, the both parties will then proceed to the Buyer Bank (subject to Banks working day timetable) whereupon the Seller will receive the agreed price of $30,000.00 usd per kilo.
In the event of buyer not coming to Sierra Leone, seller will send a representative from Sierra Leone to buyer refinery to represent the seller.
We make good our promises!
Marketing Manager,
Emmanuel Conteh
skype:diamondgld4
Hi Time traveller2,
Thanks for commenting. Gold is important everywhere in the world. However, it is significantly important in Indian economy and culture.
I knew the Indian people wore a lot of gold, but never realized how important gold was in your country. Very interesting hub.
Good Day,
With due respect, I introduce myself, we are dealers of Gold bar and gold dust, Diamond, and used raw materials and other used materials obtainable in Africa. I seek for buyer and represent companies in procurement of whatever is their need.
I represent a lot of Local miners Co-operations or associations that jointly put their products together for sale, in Guinea and other parts of Africa and its sub regions.
Respond if you are interested for more details. We can extend the quantity if you have more capacity.email:joshuakone560@yahoo.fr.
Yours Faithfully
Mr Joshua Kone.
Dear Sir or Madam
We are gold dealers company here in Guinea.We also operate in Sierra
Leone ear Sir/madam,
that is the west cost of Africa.we are looking for serious
buyers for our gold.Because now this our precious business is full of
lie stories and bad people,we are only intrested in buyers that are
realy serious.On our side we have all legal required paper that will
enable us to export gold to your final destination.Our CIF condition
clearly explain it self on our FCO.
The gold is in Dust the peurity is 95.2 carat.
The Price is $38000 per kilo.any intrested person could contact us so
we can discous the terms and conditions.
Thanks
Mr Moses Sesay
Dear Sir/Madam
We are please to introduce ourselves as one of the main supplier of
the below Commodity. We are looking for interested Buyers.a God
fearing person that can not put us to shame, we agree on the price we
suply you and you do exactly what we agreed on, If you are interested.
Please contact us now or you can also introduce us to other interested
Buyers.My Name is Abdul Mohamed, A Native Of baloto in Siguiri village Guinea
West African Country. I am a Member of the Community and Head of
Sales, Marketing, advertising, communication and
sourcing agent for our Gold Dust AU.Prior To The Latest Privilege
Accorded to Local Gold Miners In Guinea Since 2007 To Market And Sell
Gold Dust, Au Themselves, This is My Offer To All Gold Dust Prospective
Buyers Willing To Establish Meaningful Business Transaction That Is
Viable And Durable.and we have a representative who has a Belgian
passport so we dont need a visa
to travel any were,
We can offer the following Commodity.
Gold Bars /Dust 23kg ,
Commodity..................... ...........Aurum Utalium (Au)
Form.......................... ...............Gold Dust/Gold Bars
Quality/Purity................ ..............22Carat+......Dust
Finess........................ ................96.5%
Location...................... ............... Guinee
Origin........................ ................. Guinee
Price per Kg................................$28, 500 USD/KG (Taxesinclusive)Dust
Commodity...................................... Aurum Utallum
Form...............................................Gold Bars,
Purity................................................ 92.4 % like minimum
Value 96.6% like maximum value.
Price Per Kg...................................30,000 USD(Taxes inclusive)BARS
Quantity Available................................ 26 Kgs.
Please,If you are interested in transacting business with us kindly
contact us.Subject to your satisfaction, We have map out a procedure
in favour of buyers
since Gold business this days is full of stories,
buyer have to come down or send his rep., to come down to Guinea
Conakry and test the Gold in Central Bnak of Guinea.After the test,
the buyer is expected to pay the Government taxes to enable the
seller get all required papers for shipment and before the buyer pays
the Government taxes, Seller will give buyer Gold dust to hold as a
Gaurrantee eqivalent to the Government taxes that the buyer will
spend.
OUR REGARD
ABDUL MOHAMED
CONTACT;+224-244-87932
Email:investmentpureminerals@gmail.com
Dear Sir
We saw your offer through one of the Metals buyer then I decided to contact you
Such as Gold Dust, Gold Bar, Diamond, Copper, Aluminium; Cast
We are representing a group of mining associations in Mali (West Africa) engaged in gold mining. We are looking for partners all over the world. These are our characteristics and conditions,
FOB OFFERS
1_ Buyer or his representative has to come and verify the evidence of the product Mali.
2 _ Buyer have to pay cash after assy in Mali, but if buyer dont want to pay buyer have to support expenses of exportation as : custom fees, fiscal fees, insurance, fret , transit from Ghana to his destination ( Refinery)
3 _ All those fees must be paid to the shipper by the buyer after sample test and weight accordingly .
4 _ Seller or his representative have to follow the buyer with the consignment to the refinery and take in consider the quantity of impurity to be deducted from the initial total quantity.
5 _ all expenses made by buyer must be refunded from what he will pay to seller after refinery.
6 _ after the first transaction, buyer and seller will sign a revolving of 100 – 200 Kegs monthly.
7 _ In case of intermediary who links us to a buyer, his commission will be mentioned in a particular agreement in accordance of the parties per kilograms.
If you are interested by our proposal, please let us know in order for us to deal officially with
REPLY bamakomining@yahoo.com
Looking to hear from you
Bamako Export Office Mali
Marketing Manager
Mr Musa Sule
Export Office email bamakomining@yahoo.com
Mining website www.maliminingexport.webobo.biz
Skype Id musagold185
Check before you hook yourself with scammer if you need gold come to Mali and check us at sogotrad-sarl
moussadjila@rediffmail.com
Thanks
Am Dr Beniah alfa Elochukwu, am from guinea conakry, am a local mining in guinea conakry l have gold dust for sale at the moment.any buyer get contact me directly.
email address: edrbeniah@yahoo.com
Rgads,
Dr BENIAH.
+224 24 08 27 32
Very good post, i was really searching for this topic as i wanted this topic to understand completely and it is also very rare in internet that is why it was very difficult to understand.
Thank you for sharing this information.
Regard
Gold Silver Tips
Very Interesting Hub! Keep up the good work!
DEAR GOLD DUST/BAR AND UNCUT DIAMONDS BUYERS,
WE ARE THE DIRECT SELLERS OF MINERALS HERE IN GUINEA-CONAKRY, WEST AFRICA. BELOW ARE OUR AVAILABLE GOODS FOR SALE ON COMPETITIVE RATES: GOLD DUST AND BARS (PURITY: 96.98%) ROUGH AND UNCUT DIAMONDS (5000+CARRAT) AND ALL KINDS OF SCRAP METALS LIKE COPPER SCRAP, HMS1&2, BATTERY SCRAP AND USED RAILS.
CONATCT US VIA EMAIL IMMEDIATELY IF INTERESTED IN ANY OF OUR GOODS FOR MORE DETAILS AND EXPLANATIONS.
BEST REGARDS
MR.GILBERT FOULA
+224 66636553
GILBERTFOULA100@YAHOO.COM
Dear sir/madam:
We are global business consultant and business services located in Accra Ghana-west Africa. We provide project and marketing consulting services.
We also offer business consulting services for international companies seeking to invest in Ghana. They come to us because we care about what's important to them: flexibility, cost-saving options, customer service, data quality, security, competitive pricing, accuracy, meeting deadlines, quick turnaround times, and the all-important intangible of going the extra mile.
The local miners need to sell their gold to purchase some mining equipments. The available gold for sale is 50kg:
Product:
Au metal (gold)
Origin: Ghana
Type: alluvial
Carat: 22
Purity: 92 %
Quantity; 50kg
Price is $32,500 per kilo.
The price is not only competitive but extremely moderate and the best in the market. If you notice or study the LBMA / LME has gone up, it made a huge increase in the past few days. Gold price for July 15, 2011 is currently worth $1,580 per ounce. There is 35 ounces in a kilogram so a kilogram of gold is worth $55,317.
Shipment of gold will be made through a license shipping agent. All shipments must be accompanied by proper export documentation, including certificate of origin, ownership certificate, airway bill and previous assay report.
Should you have the opportunity of providing mining equipment for them? I believe you can get them to do a long term supply contract with you.
In case you are not in the position to buy, you can still stand as a middle person and have your commission after linked them with buyer within your location.
I wait for your urgent action on this gold business. Should you be interested, please contact us for details.
My Contact ( samokoh2011@yahoo.cn )
Yours truly,
Mr. Sam Okoh
Kind Attn: Buyers
We are searching in America,Europe and Asia for Alluvial Gold Dust Brokers/Buyers.So we are looking for buyers and an agent to sell our Gold Dust.If you are interested please contact me as soon as possible for more details, your commission is protected immediately after the contract is signed with us as an agent/broker.
Product- AU GOLD DUST
Purity- 93% OR BETTER
Quality- 22+ CARATS
Quantity- 50KG Trial Shipment and contract to be sign after.
PRICE:$36,000.00 PER KILOGRAM FOB and $38,000 CIF
PAYMENT CIF: 20% AFTER DELIVERY AND SUCCESSFUL INITIAL RANDOM TEST SAMPLE,THEN BALANCE PAYMENT OF 80% AFTER REFINERY SMELTING AND ASSAY REPORT.
TERMS OF PAYMENT FOB: The payment of the product will be done at the buyer’s destination after refinery. However 10% of the total cost will be paid by buyer to seller to cover Export Expenses and Documentation, and after buyer has been satisfied with the quality of goods and all the procedures, shipment will be effected within 72 hours. The balance of 80% will be paid based on the refinery’s report, 2 to 3 working days after goods has been delivered to buyer’s refinery.
OTHER TERMS AND CONDITIONS: A contract agreement stipulating terms and conditions of this transaction will be signed between seller and buyer. Buyer must arrive in Ghana to sign all business and legal documents in respect of the transaction and also use the chance to interact with management and physically ascertain the product.
Seller’s mandate will accompany buyer and the product to his destination upon receipt of the Export and Documentation Expenses.
PROCEDURE FOR CIF:
(1) Seller delivers CIF to UK/USA,BELGIUM,MALAYSIA,HOLLAND,UK,MACAU and HONG KONG.
(2) Buyer meets Seller representative and do random test of Gold Dust.
(3) On successful random test, Buyer to pay 20% of total value of Products as cost of shipment.
(4) Seller representative and Buyer take Gold Dust to refinery for smelting and assay.
(5) Following satisfactory assay report from refinery, Buyer to make balance 80% payment to Seller via bank transfer.
WE CAN SELL (FOB) THROUGH PMMC AND ASAP VASA.
Waiting for your email and call if you agree to any of the procedure on my contact details below:
Phone: 00233267507768
Email: E-mail:robertwilliams20008@yahoo.co.uk
Sincerely Yours,
Mr.Robert Williams.
At the moment the price of gold has sky rocketted.
Clenam Mining Company Limited,
P.O.BOX C247 Cantonments Accra - Ghana.
Spokes-Person: Mr. John Hagan.
Tel: +233265723610.
E-mail: johnhagann (AT) yahoo.com
Dear Sir/Madam,
I am the spokes-person of Clenam Mining Co. Ltd. We are small scale local Mainers located in the Western Region of Ghana which was one of the AU Gold producing Area in Ghana. We got your contact information through your business profile, and after going through it, we decided to go into long term business relationship with you and your Company. We need a serious Buyer and have in stock about 282Kg of Ghana AU Gold Dust; Quality is (22+ Karats), and prepared to supply any quantities you may need. it may interest you to know that we represent other unregistered local miners.
OUR PRODUCT DETAILS AS FOLLOWS:
PRODUCT------ALLUVIAL GOLD DUST /BARS.
QUANTITY----------282 KG OF GOLD DUST/BAR.
QUALITY-----------------22 CARAT 96.5%
ORIGIN-------------------- GHANA.
Further, we currently seek outside-based serious investors on a partnership basis in order to increase our production capacity. If you are interested in this proposal, or have any further questions, kindly contact me at the numbers listed above or via e-mail and would be glad to be in strong relationship with you. We are proud to say that, Ghana Au Gold is absolutely the best product in Africa and the world.
We are expecting your responds as soon as practicable.
Best Regard,
Mr. John Hagan.
am john koffi a ghana base in mumbai india, I work as a representative of community gold miner in ghana am in mumbai india to promot our gold,This community needs forging partner who will come here and help to develop recourses,
The community also needs a buyer or honest person who can come here and introduce him or her self to the community also sign a contract with the community before the person can take the community gold dust to his or her country with any of the community representative and sale it then bring the money to the community for development of the community
This is the current quantity and quality also price of the community gold dust
1. 500Kgs Gold Dust
2. 22+carat plus
3. $16.500 USD for one Kg
call me on 9967428940 john
Hello !
Am Mr Keita A native of Bamako the republic of Mali , male I work as a representative of community gold miner here in Mali Bamako,
This community needs forging partner who will come here and help to develop recourses,
The community also needs a buyer or honest person who can come here and introduce him or her self to the community also sign a contract with the community before the person can take the community gold dust to his or her country with any of the community representative and sale it then bring the money to the community for development of the community
This is the current quantity and quality also price of the community gold dust
1. 500Kgs Gold Dust
2. 22+carat plus
3. $16.500 USD for one Kg
Any interested person should contact this email keita68@hotmail.fr for further information or call +223 777 610 66,
Regard Mr Keita Glaudy
Mali Community Gold Dust
Hi Eric,
Thanks for visiting and commenting on this hub. I am not a gold trader. Hence, can not buy the gold dust.
Jyoti Kothari
we are god dust seller mining company here in Ghana, we have 200kg of gold dust for sale. any interesting buyer should contact us for more details. email ankomah_sons@yahoo.com
00233247429100
looking forward to hear from any interesting buyer.
regard.
Eric
Hi Issa,
Thanks for visiting, commenting and requesting a deal.
Jyoti Kothari
Dear Sirs,
First of all let me start by introducing myself ,My name is Mr Issa Mohammed the Head of External and field relations department of Kabala mining company (SL)LTD in Sierra Leone west africa,
I got your email id in an advanced google search .
Our Noble company is a new registered company in sierra leone ,Initially we started with consulting services for the local miners later we went into agreement and we bacame there marketing representatives which lasted up to this extent .
My main purpose of writing you is because we just acquired a land in kabala district of sierra leone that we want to go into mechanised mining so we are looking for investors that will come and boost our project by getting us machines and all required equipments for the mining exercise.
We have carried out the geological survay on the land and the reports states that there is rough diamonds ,gold dust ,iron ore ,tin and platinum in the land .We will highly appreciate it if you can come to our aid or if you are a consultant that knows some potential investor please consult them for us and your percentage will be discussed on a round table between you ,our company and the investors company.
We also have available some kilogrammes of au gold dust that we want to sell ,which is 75kg and about 6000carrats of diamonds stones but we will sell it to the investor that will come into partnership with our noble company.
We will apppreciate it if our request is considered.
I look forward to hearing from you soon .
Kindest Regards
Mr Issa Mohammed
Mobile:00232-3398-4045
Tel:00232-7734-8023
Skype:issa.mohammed2
Hi Garima,
It will be better if India will shift to infrastructure from gold. India has enough gold in her stock and it needs money for building infrastructure.
However, people are shifting to gold presently because of recession.
Thanks,
Jyoti Kothari
Hi,
INDIA WILL SHIFT TO GOLD FROM INFRASTRUCTURE SOON. NICE HUB. THUMBS UP 1
GARIMA
Hi Readers,
I have seen some people commenting only with a purpose to sell. These are unsolicited comments. There is no harm in linking your site in the comment section but there should be some thing related to hub.
Please do not comment with sole purpose of advertising.
Thanks,
Jyoti Kothari
Hi,
It is reported to me and I have verified that this hub is copied in other site. Similarly many other hubs are copied in the same site.
I request Hubbers to check whether their hubs are copied in another sites and report to Adsense at
https://www.google.com/adsense/support/bin/request to fight with copyright infringements.
Thanks,
Jyoti Kothari
Hi,
You are right. Indians are importing and buying gold not since centuries but millenniums. India was called golden bird even few centuries ago.
Intruders looted Indian wealth for centuries, yet India has tons and tons of gold in its possession.
Thanks for your comments.
Jyoti Kothari
Possibly India has the most of world's total gold reserve. Federal stock of US Government is pea nut in comparison to Indian house hold stock of gold.
Excellent article.
Dear Sir,
We came across your contact on a Trade Directory.
We are mandated to look for serious buyers of Gold dust and Agro-Allied products by small and medium scale miners in Ghana.
We wish to assure you that as the consultants to small scale mining groups in Ghana, who are in a comfortable position to supply gold dust and Agro products,we have the capacity to meet any large quantities. We are keen to develop our markets through you. To this end, we seek your assistance and cooperation for our mutual benefits.
We have aggressive rates and can provide proof of product as necessary. For soft quotes, we need buyers LETTER OF INTENT. Once we receive the LOI, we will process with the FULL CORPORATE OFFER within 48 hours.
The LOI must contain the following information.
Quantity
Quality
Terms of payment
As at now, we have 250 kgs of alluvial gold concentrate, normally referred to as gold dust, 92.7 per cent purity, 22 karats ready in stock for sale.
All correspondence regarding this transaction should be addressed directly to us. We hope this information will retain your attention and the subsequent processing of the required documents so that we can work together.
Call me as soon as you accept this offer on +233541514621.
EMAIL: adugold2@ymail.com
Best regard
Mr.Phillip Kwame
Ghana Minerals gold dust pls du call .
My Dear,
We are large scale miners located at Tarkwa and Prestea in the Western Region of Ghana West Africa. We are incorporated under the Companies Code 1963, Act 179 with RC No: 63, 7787 (Registrar Companies, In Ghana) We are duly registered with the Minerals Commission as well as with the Precious Minerals Marketing Company Limited, known as a Government body (PMMC). We have an export permit issued by the PMMC and a Certificate of Non –Criminal Origin issued by the High Court, of Ghana.
We sell alluvial gold dust mined from our concessions. We currently seek outside- gold buyers and serious Investors to stand as a partnership basis in order to increase our production capacity.Currently we offer for sale 250 kilogram’s gold dust
Alluvial Dust Quality: 22.7 Carat (94% Purity) Price: $12,000.00
1.Proof with confirmed Geological survey Assaying report We are to Draft Contract to guide you on our terms and conditions.
2.IF the buyer agrees the shipment will be done Through PMMC . the full payment Of the
gold will be made to the Bank of Ghana through the PMMC account in orders of my shipper company name.
3.The buyer is required to come and meet the seller’ for a face to face meeting with for the purpose of inspecting and conducting a preliminary assay on the total stock of the gold.
4. If the transaction is done outside PMMC a good faith down payment of 10% which shall be used for all things including the following: Documentation, Government Taxes, Freight and Handling charges for the shipment of the said gold. We need mining equipment,
Customer should confirm if they are ready willing and able to supply. If required further clarifications do feel free to contact the
manager Mr. Richard Gad: Email (engrrichmond@aol.com) Mobile +2330541928202 http://engrrichmond.en.ec21.com
your sincerly .
marketing maneger
Mr. Richard Gad .
Jyoti,
I am fond of Gold Jewelry but did not know that much about it. This is very informative hub. How did you collect all this information?
Should I buy this time gold? Will price rise ? will we invest in stock?
Anjali
dear,
This may benifit you in the future. Welcome to India.
I have visited hub pages first time. This hub is very interesting and motovated me to sell my gold stocks. I will prefer to invest in India.
Johnson
India is the 4th largest world economy. However, I believe it was insulated from the recent economic global meltdown. Possibly this is because Indian people were wise to invest in gold rather than speculative stocks, etc.
Yes, gold is a medicine too that's why indians include it in rich food varieties. It is also used in ayurvedic medicines.
Very interesting.
Gold is necessary for body chemistry: it is found in blood, hair, nails, the most of it around the heart. It is very healthy to wear golden jewelry because body takes from jewlery this very needed element. It is used for healing depression, arthritis, apparently for improving heart conditions, for immunity and fertility (especially for men) etc.
India looks astonishing with using so many gold in the architecture. If you can include some pics of gold in India architecture,in your hub, I would be very thankful.
Thank you for this hub, thumbs up.
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Gold news
- Global Metals Production Recovers
Worldwatch Institute assesses growth of worldwide metals production and the challenges of conservation. The global production of key metals increased more than 14 percent in 2010 marking a robust recovery from the sharp decline spurred by the 2009 global recession. Production totaled 1.48 billion tons in 2010, the last year for which data are available, according to research conducted for the W - 5 weeks ago
- GOLD DUST AND GOLD BARS FOR SALE
GOLD DUST / GOLD BARS FOR SALE I am Prince Kwabena Mensah from Obuasi Community here in Ghana.I Am a Representative of the local Gold miners here in Obuasi Community Ghana. We have the capability of producing between 50-100 kilos of Gold Dust Monthly. ( The product Available Below ) Commodity : Gold Dust / Gold Bars Available Quantity : 300kg Origin : Ghana Qu - 2 months ago
- Solid Gold Success Story
Solid gold Canadian entrepreneurial success story unveiled as BMG CEO Nick Barisheff celebrates tenth anniversary of first bullion fund It's hard to believe that bullion was once an unloved asset class, but Bullion Management Group Inc. (BMG) founder, President and CEO Nick Barisheff fought a multi-year uphill battle that led to the creation of BMG's first bullion fund 10 years ago today. " - 2 months ago
- Gold Price Lost $20.20 or 1.3 Percent to Close at $1,548.60
Gold Price Close Today : 1,548.60 Change : -20.20 or -1.3% Silver Price Close Today : 27.76 Change : -.60 or -2.2% Platinum Price Close Today : 1,426.30 Change : 1.60 or 0.1% Palladium Price Close Today : 603.50 Change : 13.55 or 2.2% Gold Silver Ratio Today : 55.79 Change : 0.49 or 1.01% Dow Industrial : 0.0 Change : 0.00 or NaN% US Dollar Index : 82.20 Change : -0.20 or -0.2% Franklin will be away until June 4th and wont be publishing commentary until that time. Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com 1-888-218-9226 10:00am-5:00pm CST, Monday-Friday © 2012, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose. No, I don't.
- Gold Price Closed $11.50 Higher Today Stopping at Comex $1,568.80
Gold Price Close Today : 1,568.80 Change : 11.50 or 0.7% Silver Price Close Today : 28.37 Change : .23 or 0.8% Platinum Price Close Today : 1,424.70 Change : 4.10 or 0.3% Palladium Price Close Today : 589.95 Change : 2.55 or 0.4% Gold Silver Ratio Today : 55.30 Change : -0.04 or 1.00% Dow Industrial : 12,454.83 Change : -74.92 or -0.6% US Dollar Index : 82.40 Change : 0.13 or 0.2% Franklin will be away until June 4th and wont be publishing commentary until that time. Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com 1-888-218-9226 10:00am-5:00pm CST, Monday-Friday © 2012, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose. No, I don't.
- Gold Price Closes Down 1.5 Percent this Week Higher Lows than Last Week Confirming Solidarity
Gold Price Close Today : 1,568.80 Gold Price Close 18-May : 1,591.60 Change : -22.80 or -1.5% Silver Price Close Today : 2837 Silver Price Close 18-May : 2869 Change : -0.32 or -1.1% Platinum Price Close Today : 1,424.70 Platinum Price Close 18-May : 1,457.10 Change : -32.40 or -2.3% Palladium Price Close Today : 589.95 Palladium Price Close 18-May : 603.25 Change : -13.30 or -2.3% Gold Silver Ratio Today : 55.30 Gold Silver Ratio 18-May : 55.48 Change : -0.18 or 1.00% Dow Industrial : 12,529.75 Dow Industrial 18-May: 12,442.49 Change : 87.26 or 0.7% US Dollar Index : 82.27 US Dollar Index 18-May : 81.50 Change : 0.77 or 0.9% Here's a quick note on the silver and GOLD PRICE from The Moneychanger in Alaska: With Wednesday's closes below both Thursday and Friday, we saw a decline to a higher low than last week. This confirms the solidity of last week's low prices in the GOLD PRICE and the SILVER PRICE, meaning there is a very low risk of buying now. The GOLD/SILVER RATIO is the gold price divided by the silver price, & shows how many ounces of silver it takes to buy one ounce of gold. The Ratio shows us the Primary (20 year) Trend of gold's value against silver. When the Ratio's trend is dropping, silver is gaining value against gold. This trend targets a gold/silver ratio of 16 ounces of silver to one of gold within the next 5 - 10 years. That implies that silver will massively, vastly outperform gold before this bull market ends. When both metals are rallying, the ratio often (but not always) drops, confirming the rally. The DOW IN GOLD DOLLARS measures the Dow Jones Industrial Average in gold dollars (0.048375 troy oz. by law). The DiG$ depicts the Primary (20 year) Trend of stocks against gold. When the DiG$ is dropping, gold is gaining value against stocks in a trend that should last 15 - 20 years. The DiG$'s chart is identical to the Dow in ounces of gold, but gives us one unvarying measure all the way back to 1896. Because it shows the primary trend ("tide") of gold against stocks, for investors it is the single most important financial chart in the world today. Since its August 1999 high at G$925.42 (44.8 ounces), the DiG$ has trended down, targeting a G$41.34 - G$20.67 (2 - 1 oz. of gold will buy the whole Dow). The DOW IN SILVER OUNCES shows how many ounces of silver are needed to buy the entire Dow. The DiSoz is trending down with a target of under 36 ounces. The US DOLLAR INDEX is a average exchange rate for the US dollar against the Euro, Yen, Pound sterling, Canadian Dollar, Swiss Franc, and Swedish Krona, weighted for each country's trade with the US. It gives a general measure of the US dollar's performance against all other currencies. Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com 1-888-218-9226 10:00am-5:00pm CST, Monday-Friday © 2012, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose. No, I don't.
musa keita 8 days ago
KFDMININGGROUP (K.M.G) . WE WORK WITH GOLD MINES OFFERING HIGH QUALITY PRODUCT AND GOOD SERVICES, WE HAVE GOLD BARS AND DUST, AND WE ARE LOOOKING FOR A SERIOUS BUYER HWO WILL BUY IN A LAGER QUANTITY here in mali west africa.the gold dust is 22carat and the purity is 92.6pasentage.the gold price is 25000usd.we are looking a serious buyers who willcome down here in mali west africa to purchase the gold in our mining. we can deliver gold anywhere in the world like in europe and united state of american and asia .
IF YOU WOULD BE INTERESTED TO BUY OUR PRODUCTS OR YOU KNOW OF ANY COMPANY DEALING WITH GOLD,AND THEY ARE READY TO PURCHASE IN BULK KINDLY CONNECT US TO THEM WE’RE READY TO MOVE OUR PRODUCT SO THAT YOU CAN COME AND VIEW THEM, KINDLY COMMUNICATE TO US VIA THE EMAIL BELOW.
MUSAKKEITA@YAHOO.COM OR ,
KFDMAINEGROUP@YAHOO.COM,
SKYP MUSA.KEITA91
THANKS LOOKING FORWARD FOR YOUR PROMPT RESPOND.
REGARDS,
MUSA.