Today remove gold taxes

Mar 13, Colombo: In an effort to boost the jewellery industry in the country, the government has removed the taxes and other levies applicable on gold imports, effect from March 1, 2010, the Central Bank announced. The Bank hopes that the removal of all applicable import taxes and other levies on gold imports will reduce the gold prices in the market and contribute to promote gold and jewellery industry in the country. Accordingly, commercial banks and other authorized persons can now increase their gold imports to meet the industry requirements, it said. Gold prices rose sharply in recent times as investors have looked for safe alternative investment vehicles due to fears of global recession. The prices rallied throughout February and into early March closing at US$ 1102 for an ounce today

Monday, February 15, 2010

gold make

Where to Buy Gold


Deciding where to buy physical gold products is a very important decision. This article provides guidance to help you decide where to make gold purchases. The knowledge you need to find the best place for you to buy gold consists of general knowledge and knowledge specific to gold



Use the same common sense approach you use to make any major purchase. After determining exactly what you want to buy make a list of potential sellers. Write the seller’s details down. These details include the seller’s physical address, contact information, and web site address. Next, write a small set of criteria based on which you will select your top three sellers. Some criteria to consider are as follows. How long the company has been in business. Their terms and conditions related to payment procedures, return policy, and buying back. Recommendations from those you know and trust that have done business with the company. Find or make your own gold price comparisons for the items you want.



Use the Internet to search out any information you can find on others experience with the company. Don’t be afraid to call the company and tell them you are evaluating them and ask any questions you need answered. It is important to find a person at the company that will be your main contact. By this point you will be able to pick your top two or three companies.



One approach is to test your sellers buy making a small purchase from each of the selected sellers. Another approach is to make a purchase each month from a different seller. In any case, determine all the costs involved in each purchase including taxes, shipping and insurance before completing the transaction. Based on this experience you will have found some good companies to deal with. Ideally you will develop a long term relationship with a good company.



Here are some gold specific things to keep in mind when deciding where to buy gold. Look for coin shops near you that you can visit. Look at government and private Mints. eBay is an alternative suited to some. As gold becomes more popular you will see many more advertisements for gold products. Be very careful about these offerings and remember the process given above. If it seems too good to be true – it is!
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