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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

Interesting Gold Article

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traevin
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 Posted 05/17/2012  12:55 pm Show Profile   Bookmark this topic Add traevin to your friends list Get a Link to this Message Number of Subscribers
Ed_B
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 Posted 05/17/2012  6:56 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
"A three-week nation-wide strike among jewellers after the government announced plans to double import tax to 4 percent on bullion and double the duty on non-standard gold and gold jewellery to 10 percent hit retail demand.

The 10 percent excise duty on non-branded jewellery was later withdrawn by the government".


Yeah, I read about this both on Yahoo and elsewhere. Yet another example of the saying that "the best way to get less of something is to tax it".

I would imagine that seasonal buying ups and downs plus the recent slowing in the Asian economies may have had some effect on this as well.
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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum



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