Highly motivated to buy gold bullion

by **Proven** Thu Sep 03, 2015 7:45 am

Proven

Proven: NNP TEAM; Posts : 1858
Join date : 2012-12-21

Post n°1

Highly motivated to buy gold bullion

by Proven Thu Sep 03, 2015 7:45 am

Highly motivated to buy gold bullion

3/9/2015 0:00

Baghdad Joseph Zayer

met with the process of selling gold bullion launched by the Iraqi Central Bank to boost liquidity large turnout by citizens and interested in dealing with the precious metal.

According to the Director General of the release and cabinets in the Iraqi Central Bank's «morning» remarks the very good turnout and still sell bullion operations continuous, and this turnout reflects citizens' awareness of their role in supporting the Iraqi economy and the strengthening of government hedges to mitigate the impact of the financial crisis and transit.

Dr. Ihsan Shomran Yasiri He noted that the bank did not put non-small margin on the price of ingot is currently only one percent, which represents an administrative cost in line with the Bank's policy to encourage the citizens of the Optional savings to diversify its means and put forward different options for him, where the bank also continues to sell bonds after that extended the completion date of sales to the end of the month of September.

In a statement released earlier, and I followed the «morning» by the Central Bank of Iraq explained that he put bullion in order to diversify the public savings and ensure that they get the gold 24 carat The statement continued, «the Iraqi Central Bank has contracted with a leading global coined bullion companies Stamping gold bullion weights ( 5, 10, 15, 20, 25 and 50) g and put up for sale through banks and through its center in Baghdad for employees ». The statement continued, «the bank will basic alloy of big weights (100 250 500 and 1000) and GM launched soon. Bank has called for banks to submit their requests to the General Directorate for issuance and cabinets to buy quantities you wish to purchase for its own account or on behalf of the public. The selling price was determined on the basis of cost and out of Baghdad International Airport plus administrative uploads by 1 percent

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by **Proven** Thu Sep 03, 2015 8:13 am

Proven

Proven: NNP TEAM; Posts : 1858
Join date : 2012-12-21

Post n°2

Re: Highly motivated to buy gold bullion

by Proven Thu Sep 03, 2015 8:13 am

I just thought of something. In 1932/1933, FDR confiscated gold, then devalued the currency. Now in Iraq, the people are being sold gold with the plan to revalue the currency.

Selling gold to reduce liquidity:

According to the Director General of the release and cabinets in the Iraqi Central Bank's «morning» remarks the very good turnout and still sell bullion operations continuous, and this turnout reflects citizens' awareness of their role in supporting the Iraqi economy and the strengthening of government hedges to mitigate the impact of the financial crisis and transit.