Archive for May, 2009


Calcutta Telegraph
Cash in on gold
Calcutta Telegraph, India
To buy gold coins from a bank you need to fill up a form for every purchase. This form requires mentioning your PAN. Thus, if you don't have a PAN, you cannot buy a gold coin from a bank. Secondly, banks will not buy back the gold coin once sold.

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Questions about GM's future cloud car-shopping
The Associated Press
Steve Fischer, 56, a gold coin dealer from Los Angeles, was in the market for a new Corvette convertible. He was aware of GM's looming bankruptcy filing, but is confident the company will bounce back. "They're not going to disappear," he said.

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The Curious Problem of Gold and Silver Coins as Legal US Tender
Seeking Alpha, NY
Say, for example, you wanted to buy a house that costs $400000 in paper money using gold coins. Could you specify the purchase price as $20000 payable in gold coins? That would surely create some interesting questions as far as the Internal Revenue

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NSEL launches Indian Bullion Market Association
Economic Times, India
IBMA will set up the process for the approval of local refineries and domestic brands of gold and silver bars and to make them tradable on the NSEL platform. IBMA will also introduce a system of gold coin sales and silver coins made by local refineries

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Consumers with old jewelry have golden opportunity
Indianapolis Star, United States
Most of the several hundred ounces of gold the Wisconsin company expects to buy this weekend will be refined and remade into US gold coins or bars, the two forms of gold most in demand now, said Benjamin King, co-owner of Gold Buyers.

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