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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
Indian government is looking to drop gold import duties to 6%. A significant reduction from the current 10% import tax.
This past Monday, the Singapore Exchange unveiled its first sharia-compliant gold futures contract. Which is designed to meet all requirements for Islamic finance -- allowing buyers in the Muslim world to get into this market.
Malaysia-based HelloGold has launched a sharia-compliant online platform using a mobile app. The firm has partnered with Asian retailer Aeon Credit Service to offer the product to Aeon's 20,000 employees in Malaysia, and plans to extend this to Aeon's 4.5 million customers in the country by February. "We expect to sell about 10,000 ounces of sharia-compliant gold by the end of next year,"
Gold miners also got some more good news this week -- in the emerging exploration destination of Nigeria. Where mines minister Kayode Fayemi said the federal government has secured $150 million from the World Bank to support a national mining investment fund.
Officials at Indonesia's mining ministry confirmed that miners including Freeport-McMoRan have now halted copper concentrate exports. In accordance with rules that mandated a complete stop to concentrate shipments as of January 12.
@hunter#PiercePointshttp://tinyurl.com/zbnd6lr Current reversal in dore gold buying in India due to import taxation issues has caused India’s gold refiners to fall to 25% of capacity - 75% of refining output idle. Ramifications to miners supplying the dore - Ghana, DR and Peru most affected. #gold#India