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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (93956)	8/28/2012 5:23:48 AM
From: Snowshoe	Read Replies (2) \| Respond to of 218658

Yet another gold smuggler story... 90-pct of Philippines' small-scale gold lost to smuggling, end up in China interaksyon.com Traders and officials say the biggest factor behind the spike in the gold smuggling trend the past year are newly imposed taxes. Since 2011, every sale of gold has been subject to a 2 percent excise tax, and a 5 percent withholding tax, usually borne by traders. Opposing the tax, many traders have turned to the black market, officials say.