“The government’s import restrictions are hurting the populace. The only organisation not worried, as of now, are gold backed exchange traded funds. Worried investors are veering towards the country’s 14 gold exchange traded funds (ETFs), which together have garnered 40,000 kilo of the precious metal. Gold ETFs debuted in India about six years ago. The first gold ETF launched in 2007 by Benchmark Mutual Fund (now Goldman Sachs) was followed by 13 others in quick succession. The 14 mutual fund houses present in this segment are managing gold assets worth nearly $2.2 billion (Rs 120 billion).”
http://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=176882&sn=Detail
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
How humanitarians trumped neo-cons in Libya
How to Follow the Big Money
Atlanta: Anti-Police Rebellion, Rocks And Bricks Thrown At Police Cars
My First Checkpoint Refusal
Bitcoin helps Iranian shoe store overcome international trade sanctions
A Secret Catalogue of Government Gear for Spying on Your Cellphone
Half of U.S. millenials would give up voting rights to forgive student loans
One-Third Of Europe's Unemployed Are Spanish
Root backdoor found in surveillance gear used by law enforcement
WaPo and Bezos: The Hope and the Reality
One of the world’s largest financial services firms is mining bitcoins
Obama says NSA snooping prevents terrorist attacks
How to Generate Income From the Needs of a Hungry World
Popular dolls transmit kids’ conversations to US military contractor
Psychology group bans members from national security interrogations