Message Font: Serif | Sans-Serif
No. of Recommendations: 1
"MUMBAI (MarketWatch) — Uncertainty over currencies and high inflation are among the key factors often cited, if not celebrated, by gold investors to explain the spectacular rise of the precious metal in recent years, including its jump to record highs above $1,900 an ounce in 2011.

It seems the government of India, which just slapped its first import-duty increase on gold in two years, now also wants to benefit from those trends.

The idea: Using India’s position as the world’s largest consumer of gold to at least partly plug the gaping hole in the government’s finances and the nation’s current-account deficit, both cited as factors in last year’s slide in the rupee."

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.