Category Archives: Narendra Modi

Precious Metals & Bullion News: Press, Public Criticize India Gold Scheme

By Everett Millman – Gainesville Coins …… About five years ago in India, the newly-elected government of Prime Minister Narendra Modi continued with the previous administration’s new legal measures designed to ease the imbalance of gold flows into the country. Demand from Indian households (many of them rural farmers) brings hundreds of tons of gold across […]

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Gold & Precious Metals News – India May Loosen Rules On Bullion Banking

By Everett Millman – Gainesville Coins …… India is routinely the world’s leading country in terms of annual gold demand. Collectively, the Indian public holds an astounding amount of physical gold—over 20,000 metric tons, by most estimates! For context, that’s more than double the gold reserves of the United States, which is itself more than double […]

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2017 India Gold Imports Already Exceed 2016

By Everett Millman – Gainesvillecoins.com …… For generations, India has been known as one of the world’s primary sources of gold demand. However, last year its gold imports fell off considerably due to a variety of new policies by the Indian government regarding gold ownership, taxation, and even the supply of paper money in the […]

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2017 India Gold Imports Already Exceed 2016

By Everett Millman – Gainesvillecoins.com ……   For generations, India has been known as one of the world’s primary sources of gold demand. However, last year its gold imports fell off considerably due to a variety of new policies by the Indian government regarding gold ownership, taxation, and even the supply of paper money in […]

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CoinWeek News Wire for June 23, 2017: Gold Coins, Bitcoin, Crime Alert…

By Coinweek …. CoinWeek News Wire for June 23, 2017 Brain Food 1.) Does Japan’s five-yen coin need a foreigner-friendly redesign? The five-yen coin is the only denomination without its value written in numerals. The only indication of its worth is in the kanji characters 五円, which mean “five yen,” and so foreign visitors who […]

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CoinWeek News Wire for June 2, 2017

By Coinweek …. CoinWeek News Wire for June 2, 2017 Brain Food 1.) Princeton University Now Has Rare Peter Donald Byzantine Coins According to Princeton University Library, there are 5, 280 coins in the Peter Donald Byzantine collection. The London-based numismatic scholar’s items are one of the most comprehensive private collections in the world … […]

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CoinWeek News Wire for April 28, 2017

By Coinweek …. CoinWeek News Wire for April 21, 2017 Brain Food 1.) The Hidden Science Of The New British Pound Coin There is however one security feature that the Royal Mint are being particularly cagey about, and that is the feature that they deem to make the coins the most difficult ever to forge. […]

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CoinWeek News Wire for December 9, 2016

By Coinweek ….   CoinWeek News Wire for December 9, 2016 Brain Food 1.) Plough uncovers major hoard of Roman coins A WONDERFUL collection of 120 Roman Imperial coins was unearthed in the Isle of Axholme. The so-called Owston Ferry Hoard was discovered in 1952 by Mr. A. T. Pitchfork. Ploughing a field in the village, […]

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World Currency News – India Demonetizes 500 & 1,000 Rupee Banknotes

There was more than one surprise on election night… By CoinWeek Staff Reports …. While much of the world–and certainly much of the world’s press–was otherwise occupied on election day, shortly before midnight on Tuesday, November 8, Indian Prime Minister Narendra Modi announced that the Indian 500 rupee (Rs 500, or ₹500) and 1,000 rupee […]

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World Currency News – India Demonetizes 500 & 1,000 Rupee Banknotes

There was more than one surprise on election night… By CoinWeek Staff Reports …. While much of the world–and certainly much of the world’s press–was otherwise occupied on election day, shortly before midnight on Tuesday, November 8, Indian Prime Minister Narendra Modi announced that the Indian 500 rupee (Rs 500, or ₹500) and 1,000 rupee […]

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Gold Markets Report – Gold Again Loses Ground to the Dollar

Gold Markets Commentary for Thursday, November 18, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $8.00 at $1,208.50 USD today so on the week gold has lost $10.60 with a top to bottom spread of $15.50. This market continues weak as the dollar again moves higher […]

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CoinWeek News Wire for August 19, 2016

By Coinweek …. CoinWeek News Wire for August 19, 2016 Brain Food 1.) Gold Is Hot This Year. So Are Fakes “If we sit and wait around for the government to take care of it, we’ll all be in real trouble,“ said Terry Hanlon, president of Dillon Gage Metals, a wholesale precious-metals trader… 2.) A […]

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New Indian Gold Coins Emerge on World Bullion Scene

By Joshua McMorrow-Hernandez for Coinweek ……. Indian Overseas Bank (IOB) announced that it will begin issuing the Indian Gold Coin, a new bullion offering that will come in denominations of 5, 10, and 20 grams. The 0.999-fine 24-karat coins will be India’s first-ever national gold coins and boast two culturally iconic images: a portrait of […]

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