Showing posts with label GOLD. Show all posts
Showing posts with label GOLD. Show all posts
IMPACT OF IMPORT DUTY ON GOLD ... AND HOW TO CALCULATE ...
Impact: Gold to attract additional duty of Rs 520 per 10 grams
COMEX GOLD 1335
USDINR 61
SPOT VALUE = 1335* 61 = 81435
SPOT VALUE PER 10 GM = 81435/3.11 [TROY OUNCE ] = 26190
IMPORT DUTY 10% = 2619
TOTAL GOLD VALUE = 26190 + 2619 = 28809
OTHER COST = 0.10 = 28 RS
FINAL PRICE OF GOLD PER 10 GM = 28837
COMEX GOLD 1335
USDINR 61
SPOT VALUE = 1335* 61 = 81435
SPOT VALUE PER 10 GM = 81435/3.11 [TROY OUNCE ] = 26190
IMPORT DUTY 10% = 2619
TOTAL GOLD VALUE = 26190 + 2619 = 28809
OTHER COST = 0.10 = 28 RS
FINAL PRICE OF GOLD PER 10 GM = 28837
GOLD PRICE WILL CRASH TO US$ 825 AN OUNCE SOON.
USA WANTS TO TEACH A SEVERE LESSON TO ASIAN CENTRAL BANKS, RUSSIA, SINGAPORE, CHINA INDIA, SAUDI KOREA JAPAN FOR abandoning US$ and questioning the supremacy of ANGLO SAXON CURRENCY MANAGEMENT.
THE AMERICAN EXPRESS BANK AND DEUTSCHE BANK ARE INDICATING GOLD TO SETTLE US$1050 AN OUNCE.
OBAMA / CIA HAS ordered a secret mission to reduce the asset value of Asians dramatically to the extend of 2 trillion dollars to penalize Asians for questioning supremacy of US$ currency and put Europe in serious trouble to ensure Germans do not raise as threat to Anglo Saxon Supremacy.
During Ronald Reagan presidency the scheme to exchange US$ 35 for a ounce of Gold was abandoned after USA bought 8000 tons of GOLD using paper printed with words US$. USA refused to exchange back the GOLD for US$ as promised. on the first day of protest demanding gold back people were disposed with no trace. No one came back again demanding gold in exchange for US$.
USA will not sell gold like India which pledged gold for 500 million loan with IMF. USA will print a paper and ask you to supply goods. If you refuse you will die like Saddam. No country in Europe is pledging gold for loan with IMF. Europe also print paper named Euro to buy goods and services.
To crush Iran, Russia, North Korea the resources in these countries should be made very less in value. Iran has amassed gold since Iran was not allowed to deal in US$ or Euro. Gold stock with North Korea is also very high .
So making Gold to a low value of US$ 825 an ounce or even below to US$ 400 an ounce , USA is prepared to do all that is required to contain China, Russia, Iran, North Korea and make them poor.So act carefully. Do not get carried away with false reports in TV.
THE AMERICAN EXPRESS BANK AND DEUTSCHE BANK ARE INDICATING GOLD TO SETTLE US$1050 AN OUNCE.
OBAMA / CIA HAS ordered a secret mission to reduce the asset value of Asians dramatically to the extend of 2 trillion dollars to penalize Asians for questioning supremacy of US$ currency and put Europe in serious trouble to ensure Germans do not raise as threat to Anglo Saxon Supremacy.
During Ronald Reagan presidency the scheme to exchange US$ 35 for a ounce of Gold was abandoned after USA bought 8000 tons of GOLD using paper printed with words US$. USA refused to exchange back the GOLD for US$ as promised. on the first day of protest demanding gold back people were disposed with no trace. No one came back again demanding gold in exchange for US$.
USA will not sell gold like India which pledged gold for 500 million loan with IMF. USA will print a paper and ask you to supply goods. If you refuse you will die like Saddam. No country in Europe is pledging gold for loan with IMF. Europe also print paper named Euro to buy goods and services.
To crush Iran, Russia, North Korea the resources in these countries should be made very less in value. Iran has amassed gold since Iran was not allowed to deal in US$ or Euro. Gold stock with North Korea is also very high .
So making Gold to a low value of US$ 825 an ounce or even below to US$ 400 an ounce , USA is prepared to do all that is required to contain China, Russia, Iran, North Korea and make them poor.So act carefully. Do not get carried away with false reports in TV.
GOLD RESERVE
Gold has been rising since 2001 and its near vertical rise over the last two years helps explain some of the recent fascination, but political actions have Helped as well. In the United States, Rep. Ron Paul and others have called for a return to the gold standard. Elsewhere, Venezuelan President Hugo Chávez recently nationalized his country’s gold industries, and some analysts have said countries should dip into their gold reserves to alleviate the sovereign debt crisis. With all these recent stories, we wanted to see which countries actually have the most gold in their reserves, based on information from the World Gold Council.
Venezuela Tonnes: 322.9 % of reserves: 60.8%
#10: India
The world’s second most populous country barely made the top 10 list…[even though it] consumes more gold than any other Tonnes: 557.7 % of reserves: 8.7%
#9: Netherlands Although known for being a fairly liberal society, the Netherlands is fairly conservative in its financial reserves… Tonnes: 612.5 % of reserves: 58.9%
#8: Japan Gold only constitutes a very small percentage of Japan’s overall reserves. Like another Asian country on this list, Japan holds a significant number of U.S. dollars in its reserves… Tonnes: 765.2 % of reserves: 3.3%
#7: Russia As the world’s number five gold producing nation, Russia’s gold reserves have grown significantly over the last couple years… Tonnes: 836.7 % of reserves: 7.7%
#6: Switzerland Beyond watches, chocolate and pocket knives, Switzerland is best known as a financial center… Tonnes: 1,040.1 % of reserves: 17.8%
#5: China [Although China is] the world’s most populous nation…[its] gold holdings are only 1.6% of its total reserves…[given the fact that] it has more than $3 trillion in U.S. dollars in its reserve. Tonnes: 1,054.1 % of reserves: 1.6%
#4: France The French National Bank, Banque De France, is home to the country’s gold holdings… Tonnes: 2,435.4 % of reserves: 66.2%
#3: Italy Italy is the only top 10 country to also make the prestigious “PIIGS” list of Eurozone countries with sovereign debt problems (Portugal, Italy, Ireland, Greece and Spain), although Portugal just missed the list at number 12… Tonnes: 2,451.8 % of reserves: 71.2%
#2: Germany The largest economy in the Eurozone also has the largest reserve of gold… Tonnes: 3,401.0 % of reserves: 71.4%
#1: United States The United States holds nearly 30% of the 27,372.6 tonnes of gold in all sovereign reserves. Although Fort Knox is the iconic location of U.S. gold, more gold actually is stored in the Federal Reserve Bank of New York’s underground vault, although not all of it belongs to the U.S. government Tonnes: 8,133.5 % of reserves: 74.2%
Venezuela Tonnes: 322.9 % of reserves: 60.8%
#10: India
The world’s second most populous country barely made the top 10 list…[even though it] consumes more gold than any other Tonnes: 557.7 % of reserves: 8.7%
#9: Netherlands Although known for being a fairly liberal society, the Netherlands is fairly conservative in its financial reserves… Tonnes: 612.5 % of reserves: 58.9%
#8: Japan Gold only constitutes a very small percentage of Japan’s overall reserves. Like another Asian country on this list, Japan holds a significant number of U.S. dollars in its reserves… Tonnes: 765.2 % of reserves: 3.3%
#7: Russia As the world’s number five gold producing nation, Russia’s gold reserves have grown significantly over the last couple years… Tonnes: 836.7 % of reserves: 7.7%
#6: Switzerland Beyond watches, chocolate and pocket knives, Switzerland is best known as a financial center… Tonnes: 1,040.1 % of reserves: 17.8%
#5: China [Although China is] the world’s most populous nation…[its] gold holdings are only 1.6% of its total reserves…[given the fact that] it has more than $3 trillion in U.S. dollars in its reserve. Tonnes: 1,054.1 % of reserves: 1.6%
#4: France The French National Bank, Banque De France, is home to the country’s gold holdings… Tonnes: 2,435.4 % of reserves: 66.2%
#3: Italy Italy is the only top 10 country to also make the prestigious “PIIGS” list of Eurozone countries with sovereign debt problems (Portugal, Italy, Ireland, Greece and Spain), although Portugal just missed the list at number 12… Tonnes: 2,451.8 % of reserves: 71.2%
#2: Germany The largest economy in the Eurozone also has the largest reserve of gold… Tonnes: 3,401.0 % of reserves: 71.4%
#1: United States The United States holds nearly 30% of the 27,372.6 tonnes of gold in all sovereign reserves. Although Fort Knox is the iconic location of U.S. gold, more gold actually is stored in the Federal Reserve Bank of New York’s underground vault, although not all of it belongs to the U.S. government Tonnes: 8,133.5 % of reserves: 74.2%
IMPACT OF IMPORT DUTY ON GOLD ... AND HOW TO CALCULATE :)
IMPORT DUTY ON GOLD Changed To 2% of Value From Flat Rs300 per 10 GRAMS
Impact: Gold to attract additional duty of Rs 246 per 10 grams
Impact: Gold to attract additional duty of Rs 246 per 10 grams
COMEX GOLD CMP 1665
USDINR RRR 50.90
SPOT VALUE = 1665* 50.90 = 84748.5
SPOT VALUE PER 10 GM = 84748.5/3.11 [TROY OUNCE ] = 27250.32
CUSTOM DUTY OLD 300 RS NEW = 545
TOTAL GOLD VALUE = 27250 + 545 NEW DUTY = 27795
OTHER COST = 0.10 = 27.79 RS
FINAL PRICE OF GOLD PER 10 GM = 27822.79
Subscribe to:
Posts (Atom)