Fears of flooding Wasit markets adulterated gold

Fears of flooding Wasit markets adulterated gold


Wasit / Jabbar Bjay

Expert warned specialized trade gold jewelry from the spread of the phenomenon of buying and selling gold used by groups calling itself the "connotations or intermediaries," in several governorates, noting that, these groups are working to buy gold from someone and sell it to another under the name of "commercial" or " gold user ", and between these groups usually families and ordinary people and non - insiders target, he confirmed that the gold is sold in this way fiddled are often filling with copper or soap or wax in order to increase the weight.


Ali said Shammari in an interview (range), " The recent period has seen the widening phenomenon of buying and selling gold used or old in a number of provinces , including the province of Wasit from one person to another, low prices attractive to buyers , " noting that "these groups which are mostly women launched itself (semantics or intermediaries) are actually not fully aware of the affairs of gold and jewelry, but focused primary concern on material gain. "
Shammari said, "These groups will be dealing mostly with women and simple society, with the buy and sell this type of gold which is far less about the prevailing price, since it is old or user and sometimes it calls to nominate a commercial gold , " explaining that " gold , which is sold in this way is mostly fiddled and are sometimes filling material copper or soap or wax in order to increase the weight. "
He pointed Shammari, that "many of the cases occurred in goldsmiths markets Wasit province, where it was detected jewelry gold stuffed with copper and other soap in order to increase the weight , " noting that "this type of gold sold at a price ranging between 225 225 thousand dinars, the weight of including wages and drafting work while the price of ordinary Almthagal gold is 275 thousand dinars , except for drafting wages
and work. "
He added that "one piece of gold weighing five Mthaqil, where he found the weight and half of the wax stuffed inside, which means that the buyer lost up to 350 thousand dinars in this piece," pointing out that "such cases when receiving, leaving the consequences of controversial big can not resolved under the law that there is no support or official Msthompsk between the buyer and seller as in the metaphor officially arrived sales. "
He called expert specialist gold trade, citizens in general and women in particular , to "pay attention to this phenomenon and not to fall into Hbailha by those groups that have taken recently active in the community
simple."
Promised economists and specialists, in the first of February , 2014, the central bank 's move to sell gold coins to investors and segments of society is a step "good leader", stressing that it, will control the gold market and help support the Iraqi economy, while noting that the increase in turnout buy gold "shows the recovery of the living conditions of the citizens," stressed that the Iraqi market imports about "5 tons of gold per month, the largest amount in the history of
Iraq."
Revealed the International Monetary Fund on Sunday 27th of January 2013 the current, for reducing Iraq 's treasury of gold by a quarter, to reach 29.9 tons during November 2012 last, after it was raised to four - fold for the first time in years during September and October the past.
The Central Bank of Iraq has decided, in (January 2014 23), "coined a variety of gold bullion" to sell them on gold dealers and investors and segments of Iraqi society, as he emphasized that "this action represents one of the monetary policy of the Bank 's tools."

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