Gold Smuggled Into India Being Funneled Through Bangladesh Tangible Investments and GoCoins.com buy and sell rare coins, precious metals, fine art and jewelry.   BBB - Better Business Bureau
 info@gocoins.com Tangible Investments, LLC. | 1910 S Coast Hwy | Laguna Beach, CA 92651 facebook twitter YouTube LinkedIn Google+ Instagram Pinterest Email  
Gold Smuggled Into India Being Funneled Through Bangladesh
Posted May 8th, 2014

Los Angeles CA, May 8 (Tangible Investments) - by James O’Dell - Precious metals prices retreated across the board on Wednesday with gold easing $17.80 or 1.36 percent to close at $1,289.60 an ounce, after Russia's President Putin announced that he was ordering his troops to pull back from the Ukraine border while he called for pro-Russian separatists to postpone a referendum to secede from Ukraine scheduled for Sunday. Silver dipped $0.27 or 1.38 percent to close at $19.30 an ounce, while the gold/silver ratio inched up to 66.82.
 
Gold prices have steadied on Thursday with investors picking up bargains as the dollar tumbled ahead of a key policy meeting of the European Central Bank (ECB). "Today sees the ECB meeting at which ECB President Mario Draghi will have to nail his colors to the mast," said Commerzbank in a note. "If the press conference were to spark any EUR-USD response, this would doubtless also impact on the gold price."
 
Meanwhile, the Financial Express of Dhaka, Bangladesh, reported on Wednesday that there has been a massive increase in gold smuggling into Bangladesh over the past year. The National Board of Revenue has revealed that while just 25 kg of smuggled gold was seized in Bangladesh in 2012, which was prior to India instituting its draconian tariffs of more than 10 percent on gold imports last year.
 
Since then, however, 520 kgs were seized in 2013, and in the first three months of this year, 220 kg have already been seized from just two of the nation's international airports. The gold smugglers detained at Dhaka and Chittagong airports confirmed that India was in fact the final destination for the gold said officials. Law enforcement officials in Bangladesh view the smuggling as a potential risk to national security as multiple international smugglers are involved, as well as a suspect staff at the Civil Aviation Authority.
 
Preserve your wealth and secure your retirement by making a tangible investment in physical Gold and Silver in 2014. Call Toll Free 1.800.741.5014 and allow the friendly staff at Tangible Investments (learn about us here), owned and operated by world-renowned coin expert Silvano DiGenova, to assist you in your next purchase or sale. We hope you will share our site with your friends on Twitter and Facebook, but whatever you do, don't leave the site before claiming your Free Coin.



Gallery or Rarities

View our Selection of Rare Coins

Why Choose Tangible Investments?
Contact Form
Name*

Email*

Message


CAPTCHA Image   Reload Image
Security Code*
Subscribe to Our Newsletter
Professional Memberships
Professional Memberships BBB - Better Business Bureau ICTA - Industrial Council for Tangible Assets NGC - Numismatic Guaranty Corporation PNG - Professional Numismatic Guild ANA - American Numismatic Association PCGS - Professional Coin Grading Service
Follow Us
facebook
twitter
YouTube
LinkedIn
Google+
Instagram
Pinterest
Email
Contact Us
Call: 888.655.9255
Email: info@gocoins.com

Hours of Operation
Monday - Friday 10 AM to 5 PM
Saturday 10 AM to 4 PM
Sunday Closed

Huntington Beach:
16121 Beach Blvd.
Huntington Beach, CA 92647

Laguna Beach:
1910 S Coast Hwy
Laguna Beach, CA 92651

Click Here for Directions
Click Here for Directions
HOME      ABOUT US      BUY FROM US      SELL TO US      LOANS      CONSIGN/AUCTION      SERVICES      MEDIA      CONTACT US
Copyright © 2019 Tangible Investments, LLC. All Rights Reserved. Privacy Policy | Terms & Conditions 
PCGS CO-FOUNDER - MORE THAN $2 BILLION TRANSACTED - 200 YEARS COMBINED EXPERIENCE
Coins & Currency - Gold - Silver - Platinum - Watches - Jewelry
Tangible Investments, LLC. | 888.655.9255 | info@gocoins.com
Huntington Beach: 16121 Beach Blvd. | Huntington Beach, CA 92647
Laguna Beach: 1910 S Coast Hwy | Laguna Beach, CA 92651