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Posts Tagged: “South Korea“
South Korea’s New Way to Pursue Safety
While gold bullion is most often sold in bar or 1oz coin form, the Korean retail market is benefitting from gold’s latest success with a very atypical marketing strategy. It has been traditionally thought that investors prefer larger increments of bullion because they simplify calculations and have a lower transaction cost than buying the same amount of gold in smaller increments. Demand for traditional bars and coins in South […]
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South Korea Announces Crackdown on Crypto; Bitcoin Price Plunges
When it comes to Bitcoin, you can count on one thing – volatility. The price of Bitcoin plunged more than 11% Thursday morning, dipping below the $14,000 level after the South Korean government announced plans to more tightly regulate cryptocurrencies.
India Gold Imports Nearly Triple in August Despite Tax Increase and Government Regulations
Despite rising prices, a tax increase, and government attempts to tighten regulation of the jewelry industry, gold continues to flow into India. Gold imports into the country nearly tripled year-on-year in August. An estimated 60 tons of the yellow metal flowed into the Asian nation last month, up from 22.3 tons in August 2017. This […]