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<p>[QUOTE=&quot;desertgem, post: 1621351, member: 15199&quot;]One news fact that I haven&#039;t seen mentioned is that India ( reported as world&#039;s largest gold buyer) has raised the tax on gold imports to 6% from previous 4% &#039;to reduce a record current- account deficit, and moderate demand for PM. About 80% of India&#039;s account deficit is due to gold imports&#039;.</p><p><br /></p><p>So a question becomes, will this decrease the purchases, frighten Indians into paying the extra tax and buying more, or increase the local premium when buying/selling within India, etc.? I think this has the possibility of affecting the POG more than many other factors. IMO.[/QUOTE]</p><p><br /></p>

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