You are here
Banks obstruct supply as gold demand soars in Nepal
Gold in Short Supply as Buying Rush Continues
From the Kathmandu Post
Kathmandu, Nepal
Sunday, August 9, 2015
KATHMANDU -- With bullion prices sliding to record lows, customers have been queuing up in front of dealers to buy gold to make jewellery. Traders said that although banks had started issuing gold from the last few days, demand outstrips supply. Falling prices and the onset of the festive season has fuelled the rush, said traders.
"Demand has soared three to four times compared to last month as prices have dropped significantly, but banks have not been issuing as much gold as is required," said Nirmal Krishna Shrestha, proprietor of Gems Ornament Emporium at Bishal Bazaar, New Road. Only banks are authorized to import gold with the quota fixed at 15 kilograms daily. ...
... For the remainder of the report:
http://www.ekantipur.com/the-kathmandu-post/2015/08/09/money/gold-in-sho...
Free Storage with BullionStar in Singapore Until 2016
Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore.
Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop-shop for precious metals in Singapore.
Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage is FREE until 2016 and will have the most competitive rates in the industry thereafter.
For more information, please visit Bullion Star here:
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015
http://noic2015.eventbrite.com/?aff=gata
The Silver Summit and Resource Expo 2015
Hyatt Regency Hotel, San Francisco
Monday-Tuesday, November 23-24, 2015
http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2015
Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:
https://jeffersoncompanies.com/landing/2014-av-powell
Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
