Friday, April 30, 2010

Indian Post Office Selling Gold Coins With Own Logo On The

As reported by the Economic Times, the Indian postal service is selling 24-karat gold coins with the postal service's logo on them. Sold on a test basis since October 15th 2008, sale of the coin is going national.
India Post, the government's postal department, on Friday announced sale of gold coins with its own logo at hundreds of post offices across the country.

Besides, it also announced plans to expand the network of post offices where these gold coins would be sold from 466 currently, to 700 post offices during May 2010....

The Department also announced a special one-month discount of six per cent to mark the launch of new coins with the 'India Post' logo.

Commenting on the launch, Reliance Money Infrastructure Director Vikrant Gugnani said, "We expect this move to grow the demand for gold significantly."

I point out an obvious suggestion, given the U.S. Postal Services's permanent deficits...
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4 comments:

  1. buy gold coinsMay 31, 2010 at 7:02 AM

    While a good quality gold coin will always come with a guarantee of purity, it is always advised to buy gold coins from a reputed seller. At present, gold coins are being sold by banks, govt.

    ReplyDelete
  2. Gold Exploration IndiaNovember 11, 2010 at 8:39 AM

    Nice information!
    Gold Exploration India

    ReplyDelete
  3. ahnnNovember 23, 2011 at 9:38 PM

    As long as people buy and sell gold coins, gold will always be in demand. Great info!

    ReplyDelete
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