Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Richnorth who wrote (83112)	3/9/2002 10:35:17 PM
From: long-gone	Read Replies (1) \| Respond to of 117013

BBC Tuesday, 26 February, 2002, 12:49 GMT India's gold jewellery rip-off Not all weddings have been 22-carat Most gold jewellery advertised in India as 22-carat is of a lesser quality, a survey by the Bureau of Indian Standards (BIS) has revealed. The BIS found over 80% of the shops surveyed were passing off anything between 13.5 and 18 carats as 22-carat gold. At present there are 300 jewellers who have gone in for certification, a very small percentage, but we are expecting as consumers are becoming aware they'll start asking for it and jewellers will be compelled to come for certification DR Kohli BIS Gold jewellery is the most common gift at weddings and is part of the bride's dowry, especially in rural India, where parents believe the metal will give daughters some financial security. Assistant Director General of the BIS, DR Kohli, told the BBC's World Business Report that jewellers can rip off consumers because hallmarks were only introduced for the first time last year. "We are now asking people to buy hallmarked jewellery only because then they can be sure of the quality they are buying," he said. "At present there are 300 jewellers who have gone in for certification, a very small percentage, but we are expecting as consumers are becoming aware they'll start asking for it and jewellers will be compelled to come for certification." India's gold standard India is the world's largest market for gold, consuming 855 tonnes a year, 95% of which is used for jewellery. The demand for gold rises during the wedding season - from December to May - apart from a one-month break from mid-December. The BIS tested gold jewellery sold in Calcutta, Bombay, Delhi, Bangalore, Madras, Ahmedabad, Hyderabad and Jaipur. Using a sample of fifteen shops in each city, the BIS found only 14 of the 120 sold gold as advertised. The survey's results have reportedly slowed gold sales. Demand fell by nearly 20% in the fourth quarter of 2001 to 185.1 tonnes. news.bbc.co.uk

To: Richnorth who wrote (83112)	3/9/2002 10:39:33 PM
From: Eclectus	Read Replies (1) \| Respond to of 117013

It would now appear that claims based on Biblical writings are to be considered as "suspect" and therefore any intransigence on Israel's part may be gratuitous. Come on. Do you really believe everything you read? Israel has thousands of years of history. The bible is not the only place Israel is substantiated. Secular history is full of accounts. In fact, decades ago some people believed that the Hitites were a fictional people. A "Biblical tale", if you will until archeology proved the Bible correct. Eclectus P.S. Why the "Rarebird a.k.a Eclectus..."?