What is Sovereign Gold Bond (SGB) and when it was introduced by GOI?

The quantity of gold for which the investor pays is protected, since he receives the ongoing market price at the time of redemption/ premature redemption. The SGB offers a superior alternative to holding gold in physical form. The risks and costs of storage are eliminated. Investors are assured of the market value of gold at the time of maturity and periodical interest. SGB is free from issues like making charges and purity in the case of gold in jewellery form. The bonds are held in the books of the RBI or in demat form eliminating risk of loss of scrip etc.

Mandatory Hallmarking of Gold Jewellery is going to come into force from 16th June 2021

Under Hallmarking scheme of Bureau of Indian Standards, Jewellers are registered for selling hallmarked jewellery and recognise testing and Hallmarking centres. BIS (Hallmarking) Regulations, were implemented w.e.f. 14.06.2018. Hallmarking will enable Consumers/Jewellery buyers to make a right choice and save them from any unnecessary confusion while buying gold. At present, only 30% of Indian Gold Jewellery is hallmarked.

A Discourse Upon Coins by Bernardo Davanzati-1588

The Sun and Internal Heat do Separate, as it were by Distillation, the best juices and Substances in the Bowels of the Earth; which being percolated into proper Veins and Mines, and there congeal'd, grown solid, and ripen'd, they are in time made Metals: whereof the most rare and perfect are Gold and Silver, resembling the two great Luminaries of the World in Splendor and Colour. Fire nor Rust will not consume them; they are not subject to be destroy'd by Moths, Worms, or Rottenness; nor do they waste much by Use.

IFSCA notifies International Financial Services Centres Authority (Bullion Exchange) Regulations 2020

IFSCA has been entrusted with the responsibility of operationalization of this Exchange. In this regard, International Financial Services Centres Authority (Bullion Exchange) Regulations 2020 were approved by the Authority in its meeting held on October 27,2020. The said regulations have been notified and published in the Gazette of India on December 11, 2020.

To define the dollar as a fixed weight of gold’- A Bill Introduced in US Congress – 03/22/2018

following the date of enactment of this Act, the United States Government shall take timely and reasonable steps to disclose all of its holdings of gold, together with a contemporaneous report of any United States governmental purchases or sales, thus enhancing the ability of the market and of market participants to arrive at the fixed dollar-gold parity in an orderly fashion.

Understanding Money- in Marx’s Capital

Understanding Marx’s Capital: Today we see the logical conclusion of this process: not only have coins of gold and silver been replaced by less precious metals; not only have coins themselves been replaced by paper notes; but now we represent money as mere digital information – as numbers on a screen. No longer is there a need for physical tokens of value to exchange hands; instead we have electronic bank transfers.

Requiring Gold Coin, Gold Bullion and Gold Certificates to Be Delivered to Government of America – 5/04/1933

Executive Order 6102 April 5, 1933 Franklin D. Roosevelt President of the United States of America By virtue of the authority vested in me by Section 5 (b) of the Act of October 6, 1917, as amended by Section 2…