India scraps restrictions on gold imports

http://www.ft.com/intl/fastft/243352/post-243352

China opens Beijing to gold imports, cutting into Hong Kong's transit role

The hoarding of gold by the Chinese is about to get even more opaque.  When they announce how much they have accumulated, gold prices will soar.

http://www.scmp.com/business/commodities/article/1493507/china-opens-beijing-gold-imports-cutting-hong-kongs-transit

India's CAD, rupee fears drive RBI to crack down further on gold imports, price to rise

The Indian government is doing everything in its power to dishoard its citizens of their private gold holdings.  The false cover is that importing gold is accretive to their current account deficit, and further weakens their currency, the rupee.

It's a cover because importing gold balances out the net worth of its citizens against a backdrop of a debauched sovereign currency; hoarding hard assets does not contribute to the currency's weakness.  In fact, a central bank accumulates gold to strengthen its foreign exchange value.

The most effective way to reduce a country's current account deficit is to export more goods and services, and to reduce its over-spending.  The fact that the Indian government would impose controls and taxes on its own citizens is troubling and indicates corruption, which has been running rampant.

India is no longer a British colony, but it sure acts like it in this regard.  Kowtowing to the crooked global banking system which financializes every market sector, is not an act of a sovereign nation, but one of subservience at the expense of the masses.

Contrast that to the Chinese government, which encourages Chinese banks and citizens to convert paper currency into physical gold holdings, and one gets a sense of which country is preparing for the demise of USDollar hegemony.

http://www.indianexpress.com/news/indias-cad-rupee-fears-drive-rbi-to-crack-down-further-on-gold-imports-price-to-rise/1145115/

India rupee at 11-month closing low; 57 levels likely soon

One can fill in the blank with Currency "X" is falling.  The problem occurs when every country devalues their currencies in a "beggar thy neighbor" war.

http://www.reuters.com/article/2013/06/03/markets-india-forex-idUSL3N0EF2K320130603

Gold Imports by India Seen Topping 100 Tons for a Second Month

http://www.bloomberg.com/news/2013-05-08/gold-imports-by-india-seen-topping-100-tons-for-a-second-month.html

China gold imports to keep growing after hitting record high

http://www.firstpost.com/economy/gold-hungry-china-braces-for-surge-in-imports-761179.html?utm_source=fwire&utm_medium=hp

China Imports Record Amount Of Gold In December On Price Drop

http://www.zerohedge.com/news/2013-02-05/china-imports-record-amount-gold-december-price-drop

Chinese November Gold Imports Soar To 91 Tons; 2012 Total 720 Tons

http://www.zerohedge.com/news/2013-01-10/chart-day-chinese-november-gold-imports-soar-91-tons-2012-total-720-tons

China’s Gold Imports Jump as Country May Become Biggest User

http://www.bloomberg.com/news/2012-05-08/china-s-gold-imports-advance-as-country-may-become-biggest-user.html

China’s gold imports jump sixfold

http://www.ft.com/intl/cms/s/0/2dca01d8-093d-11e1-a20c-00144feabdc0.html#axzz1dCmNUUDs

India to import 350 tons of gold, 1200 tons of silver

http://www.commodityonline.com/news/India-to-import-350-tons-of-gold-1200-tons-of-silver-40594-3-1.html

Gold Imports by China Soar Almost Fivefold as Inflation Spurs Investment

http://www.bloomberg.com/news/2010-12-02/china-gold-imports-jump-almost-fivefold-as-inflation-outlook-spurs-demand.html

China’s gold imports jumped almost fivefold in the first 10 months from the entire amount shipped in last year as concern about rising inflation increased its appeal as a store of value, said the Shanghai Gold Exchange. 

Imports gained to 209 metric tons compared with 45 tons for all of 2009, Shen Xiangrong, chairman of the bourse, told a conference in Shanghai today. China, the world’s largest producer and second-biggest user, doesn’t regularly publish gold-trade figures and rarely comments on its reserves. 

Gold imports this year by India have already exceeded 2009 levels as consumers boost jewelry purchases, the World Gold Council said Nov. 17. Imports totaled 624 tons by the end of the third quarter, compared with 559 tons in all of 2009, according to the council.