India Fails to Lower Tax on Gold

Gold 400 oz Bars

India surprised everyone. They did not remove the tax on gold and in fact increased it. India is the number-one consumer of gold jewelry. Sales have declined recently because many expected the tax to be lifted. A near 10% tax on gold has been rather high. Nevertheless, the government sees this as a capital outflow.

Latest Posts

Correlations Explained

May 20, 2024
It is crucial to understand correlations as EVERYTHING fluctuates! There is absolutely nothing that remains constant. You MUST understand that correlations are NOT one for one, and often show changes in advance of turns. [...]
Read more

MIT Abandons DEI Program

May 20, 2024
We are equal in all ways besides talent. The Massachusetts Institute of Technology (MIT) announced that it will end its diversity, equity and inclusion (DEI) programs because they simply do [...]
Read more
logo

Tags

2016 U.S. Presidential Election (325) 2024 US Presidential Election (88) Armstrong in the Media (85) Banking Crisis (138) Basic Concepts (148) Britain (149) Canada (85) Central Banks (117) China (115) Civil Unrest (242) Climate (335) Climate Change (175) Corruption (422) Disease (90) Dow Jones (289) ECM (126) Economics (257) European Union (360) Euro € (126) France (89) Germany (139) Gold (1597) Great Reset (90) Interest Rates (165) Market Talk (1255) Migrant Crisis (84) Nature (122) Pension Crisis (80) Politics (935) Press (98) Real Estate (96) Rule of Law (315) Russia (132) Russia-Ukraine War (81) Socrates (98) Sovereign Debt Crisis (145) The Hunt for Taxes (340) Trump (95) Ukraine (115) Uncategorized (545) Understanding Cycles (162) USA Current Events (145) USD $ (91) War (404) World Economic Conference (80)
© 2023 finagg.com. All rights reserved.
About Partners Privacy Policy