Alsumaria News" reveal "manipulation" of gold prices in Iraq

Alsumaria News" reveal "manipulation" of gold prices in Iraq


09/14/2013 - 13:22 | Source: Economy and Business Author: Ahmad Valley, Sam Mahmoud




Alsumaria News / Baghdad revealed vendors went about the existence of "manipulation" to prices by the shop owners sentence, which leads to make its price in Iraq than the price in the region and in the world market, to directly affect the shopkeepers singular and citizens, noting that "manipulation includes ounce and remittances and wages. " yellow metal, which forms the base cash used by the International Monetary Fund "IMF" and the Bank for International Settlements "BIS", in addition to its presence in all ancient civilizations, currency or metal for the manufacture coffins of kings and thrones, turning Iraq into a tool for profit-taking in Links and multiply, via imported by traders and then sell it to shopkeepers singular, to be sold to citizens in the markets allocated to gold., but that this process is not as simple as hiding a lot under the color of brilliant gold Buraq, not Casterad other goods, in which case enter a spiral of Titles phantom in order to reap more profits, as the journey begin from Dubai, where he goes traders Iraqis there to buy their wares, each according to his dealings in cash or on credit, and after the completion of all accounts and receive merchant of his goods (gold against gold, in addition to wages that do not exceed three dollars per gram), begin steps toward doubling its price. "went against the gold," means that a trader takes 100 grams of gold formulated, and pay Suit 100 grams of gold, "fracture", any user or damaged, and pays wages formulation of 100 grams, which is calculated Dollars and love, for example, taxi each gram of two dollars, so the resulting $ 200 fare amount mentioned. says one gold sellers (singular), and Mohammed Fayek for "Alsumaria News" that "shopkeepers sentence, and call them the people of the sentence, after buying gold from Dubai without Any differences and additions to the price, they start adding them here and double the wages under the slogan of many, to delude the goldsmith that the goods arrive at high prices, "adding that" there are jewelers went to Dubai and shopped them to self-Profile, having tired of bills the people of wholesale catastrophic. " and that "the Titles start of the differences, a novelty introduced in Iraq after 2003 when entering the gold Gulf him, which means that a trader takes a difference for every gram gold, ie if shopped him 100 grams, will not be receiving 100 grams as in Dubai and all the other places, but he took over 100 three grams or four, depending on his mood at that moment, "explaining that" this percentage is taken for reasons flimsy, including that gold is not Bayar required, (a Gulf from the same goods imported by himself), or under the pretext that there are flaws with the quantity received, What will change weight after cleaning. " and added that "this difference is borne by the goldsmith and paid from profits, and therefore must be calculated account when selling leads to price increases," noting that "if the rejection of this deal, will say, His sentence: I leave the goods and go to another shop, the shop the other looks like the first, and so on. " shows Faik, said that "the first steps towards what he called the" theft ", begins the difference paid by the jeweler for each gram of the shop owner sentence, like a tax imposed upon him." and pointed out that " owners sentence in Dubai do not ask is wages and their gold only, without any other additives. " and the method of calculating the gold depends on the price of the World "ounce", which are subject to arithmetic operations several, as each country is divided and extracted its price its currency and local according to price an ounce at the time, but in Iraq In addition to these operations wage transfers, any transfer of gold to dollars, and then convert dollars to Dubai. , and an ounce and a unit of measurement of mass, and equal for precious metals such as gold 31.10 grams and is called in English Troy Ounce, which divides the price of an ounce in dollars (which ranges since the period between 1330 and 1400 dollars ), the proportion of an ounce 31.10, then beat in the price of the dollar in Iraq, and then Taatloh other calculations, and added a leopard, a price wire the $ 10,000 out of Iraq. says Faik "The price of transfer, which is added to the calculations is what makes the price of gold very high, as are additional $ 50, for example to the 10,000 thousand dollars, and one kilogram of gold if the equivalent of 40,000 thousand dollars would increase $ 200 per kilogram, "noting that" handle tens of kilograms and not in small quantities. " He continues, "In contrast add when the process selling tiger above the price of an ounce official, for example, if the price in 1330 When the people of wholesale 1335, and this does not exist anywhere, not even in Dubai, and they excuse the pretext of the market, rising and descending, "noting that they" add this tiger in addition to Tiger hawala, imagine the size of addendum. " and here demonstrates Faik that "these additions are not free of other additives do not know the causes, and all go additional profits to the owners of the sentence, and here not charged nor Otahjm, but this is the truth, because Dubai is not a place a secret, and treated drafted Exposed for all, all jewelers know details . "For his part, between the workers in one of the shops sentence in the River Road that "all are taken from the differences and remittances, both in sales or during the repayment jeweler what his trust of the debt is profit for the owner of the shop." said Mohammed Salman, having apologized shopkeepers sentence for Modern security reasons, "Alsumaria News" that "the shop owner insists that what takes is required of him during the process of transfer of gold, but in fact additional profit, pay him rent and workers' salaries and electricity bills." and that "everything that is happening inside the shop and away for customers is one of the secrets of the shop, but what gets the process of stealing a clear lead to profits in some cases, to 40 thousand dollars in all goods brought, "revealing that" in one month import store owner and two servings of Dubai, so the profit then between 80 and 100 thousand dollars a month. " refers Salman out that it "did not stop here but also to wages, which multiply continuously, and that contribute to its high price, too," noting that "the wages up to the shop owner and does not exceed three dollars, and this price for models of modern . " and said that "some models up to us at a cost of no more than the dollar and half dollar, sold three or four dollars for a jeweler, and the Model, which will cost three dollars is sold by six or six dollars and a half," noting that "some models come vehicle stones large, a outside the weight of gold without wages, sells here holders wholesale wages amounting per gram $ 8, while calculating small stones with the weight of gold, which is up to us outside of weight, all of these additional profits, or rather steal. " In this regard, says Faik that "some models تخجلنا with the citizen, because of the stones which are calculated with the weight, and sell us to the citizen in turn, and when we buy نخرجها of formulated gold, decreases the price is shocking. " and explained that "some stones sell with a weight of gold, because it is calculated we went when purchased from wholesale, so when buy must نخرجها from the golden piece and weigh only gold without stones. "


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