GJ Town India

The relevance of gold as Russia’s strategic asset   The World Gold Council has published the report on Russia Gold as, the relevance of gold as a strategic asset Russia edition. The report is focusing  on Untapped gold demand in Russia with insight.   The investment market for gold in Russia has remained relatively undeveloped for many years, in contrast to the relatively rapid demand growth witnessed in China and Europe, where demand for gold bars and coins has multiplied more than tenfold in both markets over the last 15 years. One significant barrier to potential gold market development in Russia is the disincentive created by the hefty rate of VAT (value-added tax) – at 20% applied to bullion bar purchases.  But we believe awareness of gold as an asset among Russian citizens is strong and demand for gold would likely grow, particularly if investors had access to a trusted range of products and fair and transparent pricing.   These findings are reinforce...

WGC releases retail gold insights: Russia investment   World Gold Council unveils Retail gold insights: Russia Investment. The report says, the gold investment market in Russia has ample headroom for growth. Investors feel strongly positive towards gold. They recognise its attributes and want a part of it. And as such, gold should be able to engage with this receptive audience.   On the one hand, the popularity of savings accounts is over-riding: regarded as safe and wealth protecting, they are by far the most popular investment choice. But alongside this we see the rise of crypto-currencies considered by some to be a high risk investment.   The punishing rate of VAT has doubtless held back the tide in gold investment, and the expected abolition of VAT is likely to revitalise the market. And any shift towards gold could be further enhanced by challenges in the domestic and global economy. Consumers are deeply concerned about how to protect their wealth in the face o...