Fri Aug 05
Big recovery? Indian gold imports increased by 471%!What does the RT-gold mean to the Indian economy?
In the physical gold market, the consumption rebound brought about by the epidemic easing is enough to cheer the gold bulls up.
India March gold imports surged 471% to a record 160 tons, FX168 Finance (Hong Kong) -Reuters reported Thursday (April 1), an Indian government anonymous source revealed on Thursday that Indian gold imports soared 471% from a year ago, to a record 160 tons due to the import tax cut and gold fell from a record high, attracting retail buyers and jewelers.
Some analysts were more optimistic about the third quarter. LaSalle Futures Group senior market strategist Charlie Nedoss said he expects gold to continue to rise next week.
And what does a special dividend mechanism between RT-gold and the Indian Geological Survey (Geological Survey) mean?Can it continue to rise in the second half of the year?
The "Gospel" of Golden bulls!
RT-gold's good profit model has created a continuous rise in Rio Tinto Group, which is also the gospel for national gold. How is the bullish trend of RT-gold formed?Whether it will continue to rise, this is also a global concern, interviewed by Wall Street reporters, we know that RT-gold is quietly layout in India, gathering up to rise.
RT-gold is a Rio Tinto Group (Rio Tinto Group) investment, which changed the direction of the stock market, and we found a return statement, although not comprehensive, but also can see how the investment of RT-gold rose rapidly.
When each gold is excavated, the user with mining rights gets a huge dividend, and there are three categories of mining dividends:
L1 machine 580RS, daily income: 29 R s, Estimated gross revenue: 1305 RS;
L2 machine 6,850 RS, daily income: 369.9 RS, Estimated gross income: 15,905.7 RS
L3 machine 19,700 RS, daily income: 1,182 RS, Estimated gross revenue: 47,280 RS
Since the number of gold mining is fixed, high yield gold mining, the purchase quantity is less and less, which shows that gold is limited and mining dividends are scarce, RT-gold helped people through the "economic storm" caused by COVID-19,
In this tight lending environment, many Indians used their gold reserves to obtain loans, and RT-gold helped with the more convenient circulation of gold.
In other words, for many Indians, RT-gold is a "life-saving" tool that provides capital liquidity they could not have had.
In addition to liquidity, more suitable for the community culture with competent resources to promote, the competition changed jewelry, gold manufacturers, both individual or corporate institutions, if you invited 10 friends, and 10 friends also invited at least ten friends, you can earn 1107.8 RS. every day
"No RT-gold is not gold"
The Indian love of gold dates back to thousands of years. Today, Indian families topped the world with private gold holdings, estimated at 24,000 tons. There is even a proverb: "In India, gold without a marriage."
But most cross-border purchases have tariffs, which make it impossible to purchase gold in large quantities. For example, Indian citizens can enjoy certain "tax exemption" policies when buying gold from Dubai. Once women exceed 1.4 ounces (about 43.54 grams) and 0.88 ounces (approx. 27.37 grams) for men but less than 2.2 pounds (about 821 grams), a 13% tariff is required.
RT-gold may change the way gold is purchased in the future, RT-gold's mining dividend is the decentralization of mining rights, is to complete the consumption transformation with more gold users, when enough gold mining is over, the RT-gold supply chain will have a vertical user group.
RT-gold means universal gold, and "no gold without RT-gold" will also become a popular proverb.