Gold Silver Reports – ✅ Japan received radio signals suggesting that North Korea may be preparing for a missile launch test, Kyodo News reported, citing multiple government officials.
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Gujarat elections: 8 lakh litres liquor, Rs1.6 crore cash seized so far
Gold Silver Reports – With two weeks to go for Gujarat elections, about 8.77 lakh litres of liquor, Rs1.60 crore in cash and gold and jewellery worth over Rs8 crore have been seized by the election commission-appointed surveillance and expenditure monitoring teams in the state.
Trump Softens Tone on North Korea, Urges Deal on Nuclear Weapons
Gold Silver Reports – Trump Softens Tone on North Korea, Urges Deal on Nuclear Weapons – President Donald Trump toned down his harsh rhetoric toward North Korea during a visit to Seoul, telling reporters the Pyongyang regime should “come to the table” to make a deal and refusing to rule out direct talks.
No Lasting Impact of Demonetisation on Gold Consumption
Gold Silver Reports – No Lasting Impact of Demonetisation on Gold Consumption – Gold has long been the sump of cash in India. No wonder that gold demand plummeted in the post demonetisation months. But the demand soon bounced back to previous levels in a few months (see table).
One Year After Demonetisation – Cash is Still King
Gold Silver Reports – Soon after demonetisation was announced on 8 November last year, it was projected as part of a broader push towards a cashless economy. Several ministers and government officials claimed that this would nudge Indians to rely on non-cash or digital payments.
Link Aadhaar to Catch Benami Properties
Gold Silver Reports – Link Aadhaar to Catch Benami Properties – In several addresses to the nation (called Mann Ki Baat), Prime Minister Narendra Modi has repeated his plans to root out black money from the system by cracking down on benami properties.
Bitcoin Contentious Bid for Legitimacy
Gold Silver Reports – Bitcoin Contentious Bid for Legitimacy – Instead of bringing clarity, an impressive price surge last week accentuated the differences within the financial industry about the future of the bitcoins. Opinions range from those asserting that we are witnessing the birth and maturation of a new global currency to those who argue that the phenomenon is a “fraud,” with a large middle either reserving judgment or arguing that it will last but currently may risk being in the midst of a speculative price bubble.