Topic: India Central Bank Prohibits Sales Of Gold Coins (Read 1029 times)
Thanks for posting this, good news for us.
Another possibility is the threat of confiscation/restriction leads to even greater levels of buying now, like what happens with guns/ammo in the US anytime a member of the gov't mentions prohibiting sales.
Gold jewelry is bigger in India than anywhere else.
That may make coin restrictions a minor setback.
That may make coin restrictions a minor setback.
Gold isn't a safe haven when everyone is pumping their economy.
Time for a nice Bitcoin push. Or buying gold with Bitcoins. At least it will spur both the economies!
Precious metals are on the way out, India become the last buyer 
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From the article :
"The Reserve Bank of India has advised banks against selling gold coins to retail customers, Finance Minister P. Chidambaram said on Thursday, a day after he raised gold import duty to try to ease pressure on India's bloated current account deficit."
There is no prohibition
People crapping titles for clicks
"The Reserve Bank of India has advised banks against selling gold coins to retail customers, Finance Minister P. Chidambaram said on Thursday, a day after he raised gold import duty to try to ease pressure on India's bloated current account deficit."
There is no prohibition
People crapping titles for clicks
http://www.zerohedge.com/news/2013-06-06/india-central-bank-prohibits-sales-gold-coins
Time for gold 2.0?
"Bitcoin is gold with wings ..."
Time for gold 2.0?
"Bitcoin is gold with wings ..."
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