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May 27, 2016

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Quality : HD
Title : Get Out.
Director : Jordan Peele
Release : February 24, 2017
Language : en.
Runtime : 103 min
Genre : Thriller.

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‘Get Out’ is a movie genre Thriller, was released in February 24, 2017. Jordan Peele was directed this movie and starring by Daniel Kaluuya. This movie tell story about A young black man visits his white girlfriend’s cursed family estate. He finds out that many of its residents, who are black, have gone missing in the past.

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India targets gold hoards and temple treasures in trade deficit battle

May 27, 2016

India aims to recycle 20,000 tons of privately-owned gold in a monetization scheme to reduce record bullion imports and trade deficit. India overtook China this year as the world’s biggest consumer of gold.

The Indian government woos a staggering US$ 778 billion of gold with individuals, ancient temples and trusts, to tackle the current account deficit (CAD) – the gap between export and import revenues.

Imported gold contributed 28% of CAD for financial year ending March 2013. India’s expected deficit of $20.6 billion for 2015-16 favorably compares with $28 billion (1.4 % of GDP) in 2014-2015. But with fluctuating global prices, the Modi government intends to more significantly cut trade deficit, and rein in inflation.

If all goes merry and bright with the new Gold Monetization Scheme, deposited gold will be stored as ingots, then minted as gold coins, sold to earn foreign exchange, and loaned to jewelry merchants as in Mumbai’s Zaveri Bazaar.

Zaveri Bazaar’s Sheikh Memon Street in the dusk of a December evening seemed like other crowded lanes in the Crawford Market shopping area, except its shops own a few hundred millions dollars of gold.

Lalit Jain and Ashish Mehta do business near one such jeweler declaring intention to ‘buy old gold, diamonds, silver and pearls’. From the ground floor of the Bank of India Bullion Exchange Branch building, Jain’s Mahavir Hallmarking Centre has its striking white décor cleanly appropriate to its role in this gilded road: certifying purity of gold.

Mahavir Hallmarking made history this November serving the first three customers in India who signed up for the gold monetization scheme. These Gold Savings Account holders earn a tax-free interest, while the melted gold gets recycled back to the jewelry industry. Depositors can choose between getting back their gold quantity or its cash value at the end of fixed deposit terms.

“The GMS (Gold Monetization Scheme) is a good idea and can reduce the current account deficit”, Lalit Jain told Asia Times, with insider view as vice president of the Indian Association of Hallmarking Centres. “But banks have to play key role in spreading awareness, and the scheme needs to address some issues.”

One such issue is over 95% of gold in India being bought with cash, says Jain. Gold depositors then might have the taxman showing keen interest in source of that gold – something bashful black money holders would rather avoid.

The Indian government may mull over a mild tax amnesty to gold depositors. Or, more radically, ban all cash purchases in gold. That could interestingly impact India’s ravenous appetite for the noble metal. Gold imports hit a record high of 1,000 tons worth US$36 billion in 2015.

India’s official gold reserves are 557.7 tons in December 2015, according to latest World Gold Council statistics, compared with the 20,000 tons of privately owned gold.

20,000 tons is a stupendous quantity, considering that less than 175,000 tons of gold have been mined since the start of civilization – with over 90% of it after January 24, 1848, when a New Jersey sawmill operator James Marshall struck something valuable at Coloma, on the South Fork American River, and started the California Gold Rush.

The world’s oceans are said to contain 15,000 tons of gold; the entire US official gold holdings are 8,133 tons, with 4,600 tons of it in Fort Knox. Over 20,000 tons of India’s sleeping gold can change the dynamics of the world’s bullion market.

“Of India’s 20,000 to 22,000 tons of gold in private ownership, temples may have about 1,000 tons,” Lalit Jain and Ashish Mehta said. Vast quantities of gold are in small holdings across the country.

Well-known ancient temples cumulatively receive hundreds of tons gold that devotees donate every year. It is a tradition of renunciation stretching across millennia.

The 1700-year old Tirupati Balaji Temple in southern India has an estimated 200 tons of gold. The temple trustees have committed 1.5 tons of it for the Gold Monetization Scheme.

“Our gold is intact as periodical interest accrues in metal rather than in cash, and we still hold (own) the gold,” a temple official told the Economic Times.

The temple uses donations of gold and cash for public services like education. The gods have no practical use for gold from humans, but they need such shared merits earned from serving fellow beings.

Mumbai’s 200-year old Siddhivinayak temple plans to deposit 40 kg of its 160 kg of gold under the new Gold Monetization Scheme, and use the INR 6.9 million (US$ 102,697) in annual interest to fund medical aid for economically weaker people.

On December 13, Shirdi town’s Saibaba Temple committed 200 kg of its 380 kg gold holdings to the GMS. The annual interest of about US$ 500,000 will fund two free hospitals that the temple trust runs to serve 35,000 people a year.

More gold treasures may be awaiting discovery. In 2011, a US $22 billion trove of gold, diamonds, precious stones and artifacts was found in the 9th century Padmanabha Swamy temple in Thiruvananthapuram in south India. This, the world’s single-largest treasure trove, was in five vaults opened after 130 years. The government wants such gold idling for centuries back in the economy.Watch Full Movie Online Streaming Online and Download

India’s other plans include a gold exchange such as in China and Turkey, the world’s other great guzzlers of gold with monetization schemes.

Turkey’s successful gold recycling pulled in 240 tons worth US$ 10.4 billion in 2013, said a World Gold Council report. At the Grand Bazaar in Istanbul, the jewelry shops beyond the Light of Ottomans Gate feed a Turkish lust for gold similar to India. Turkey allows withdrawing 1-1.5g of 24ct hallmarked gold through Kuveyt Türk Bank’s 500 gold ATMs.

Over seven million Chinese and overseas traders, 8,000 corporate clients have traded through the Shanghai Gold Exchange since it opened in October 30, 2002.

Gold exchanges ensure more transparency and fair prices, but India’s immediate exchange plan is for people and trustees exchanging their stored gold for interest from term deposits, and to recycle the gold.

By committing nearly two tons of gold this December, three of India’s well-known temples have gifted a $62 million starting boost to the scheme that enables keeping the gold cake while enjoying the interest – and giving the economy a healing trade deficit cut.

Source: atimes.com

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India’s rich temples may open gold vaults for PM Modi

May 27, 2016

MUMBAI/NEW DELHI, April 10 (Reuters) – The two-century-old Shree Siddhivinayak temple in Mumbai devoted to the Hindu elephant-headed god Ganesha bristles with close circuit cameras and is guarded by 65 security officers.

It is one of India’s richest temples, having amassed 158 kg of gold offerings, worth some $67 million, and its heavily guarded vaults are strictly off limits.

India is the world’s biggest consumer of gold and its ancient temples have collected billions of dollars in jewellery, bars and coins over the centuries – all hidden securely in vaults, some ancient and some modern.

A few years ago a treasure of gold worth an estimated $20 billion was discovered in secret subterranean vaults in the Sree Padmanabha Swamy temple in Kerala state.

Now, Prime Minister Narendra Modi wants to get his hands on this temple gold, estimated at about 3,000 tonnes, more than two thirds of the gold held in the U.S bullion depository at Fort Knox, Kentucky, to help tackle India’s chronic trade imbalance.

Modi’s government is planning to launch a scheme in May that would encourage temples to deposit their gold with banks in return for interest payments.

The government would melt the gold and loan it to jewellers to meet an insatiable appetite for gold and reduce economically-crippling gold imports, which accounted for 28 percent of India’s trade deficit in the year ending March 2013.

India’s annual gold imports of 800 to 1,000 tonnes could be cut by a quarter if temples decided to participate in the scheme, say government and industry sources.

“We would be happy to deposit our gold to nationalised banks if the policy is beneficial, safe and earns good interest,” said Narendra Murari Rane, chairman of the trust for the Siddhivinayak temple, portions of which are gold-plated.

But some Hindu devotees are not happy with the idea that their offerings could be melted down.

A Mumbai-based gold merchant, who said he and his father had donated around 200 kg of gold to Siddhivinayak and other temples over the years, said it would be a sin for the temples to earn interest on the gold offered to the gods.

“I make donations to God; not to any temple trust,” the 52-year-old merchant said.

Modi would also like to convince Indians to open their family vaults, which hold an estimated 17,000 tonnes of gold in jewellery and other heirlooms.

But it will be much harder to convince Indian families, who sometimes have little faith in financial institutions, to break tradition and hand over gold passed down the generations.

India’s love affair with gold spans centuries is rooted in the Hindu religion. One of the biggest annual buying seasons is the Diwali 老虎证券 festival around October to November. Gold marriage dowries are widespread and with 70 percent of the population rural, gold is financial security.

INTEREST RATE KEY

Key to Modi’s plan will be the interest rates offered for gold deposits.

A similar gold monetization plan launched in 1999 proved ineffective, in part because the interest rates offered on gold deposits were regarded by temple officials as too low.

Under that scheme India’s top lender the State Bank of India offers 0.75 percent to 1 percent and only 15 tonnes of gold has been deposited so far.

Temple officials at Siddhivinayak and Shri Saibaba Sansthan in Shirdi, both in the western state of Maharashtra, say they expect interest rates in the new scheme to be much higher and so would consider participating.

The government plans to reveal rate details when it launches the new scheme. Siddhivinayak’s Rane said he expected at least 5 percent interest on gold deposits.

Rajendra Jadhav, executive officer of the Shri Saibaba Sansthan temple trust, said rates will also be key to his temple’s decision. He declined to say how much gold the temple, dedicated to a 19th century saint, had in its vaults.

A successful gold monetization programme could go a long way in helping India reduce its trade imbalance.

India raised the import duty on gold, the country’s biggest non-essential import, and imposed other restrictions in 2013 after the current account deficit hit a record $190 billion.

If India can cut imports, that would pressure gold prices that fell to a four-month low last month before recovering. Lower gold prices will help India cut its import bill.

However, a successful scheme could also expose the government to potential risks, if gold prices were to take off and depositors decided to withdraw at the same time.

“There is going to be a lock-in period under the new gold monetizing scheme,” said Sudheesh Nambiath, an analyst at precious metals consultancy GFMS. “Banks will have to replenish the stocks with imports later (if temples withdraw gold).”

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The ecstasy of gold: Five treasure finds of recent memory

May 24, 2016

1. The Staffordshire Hoard

A sheet gold plaque with birds of prey is seen as part of the famous Staffordshire Hoard of Anglo Saxon material, presented at the British Museum, in central London, Tuesday Nov. 3, 2009. The hoard, that has been declared Treasure, was found by Terry Herbert, a metal detectorist in July this BlueHost优惠码 year, and is the largest Anglo Saxon hoard ever found in the UK comprising over 1,500 individual items. A committee will determine its market value and interested museums can try to acquire items. The finder and landowner receive the sum in full. (AP Photo/Lefteris Pitarakis) LEFTERIS PITARAKIS

Discovered by Terry Herbert on July 5, 2009, near Hammerwich, Staffordshire, England, as he was searching some recently ploughed farmland with a metal detector, the gold artifacts are valued at $4.6 million.

Over the next five days, enough gold was recovered to fill 244 bags, the largest hoard of Anglo-Saxon gold and silver ever found. Eventually, a full excavation revealed 3,5000 items, most from the 7th and 8th centuries from the Kingdom of Mercia.

Why and how the treasure ended up there has yet to be determined. The trove was purchased by the Birmingham Museum & Art Gallery and the Potteries Museum & Art Gallery.

2. The gold coins of Caesarea

Found in February of 2015, scuba divers exploring the sea floor near Caesarea National Park in Israel thought they had found a children’s toy when they discovered the first gold piece.

But there was more to the find, and nearly 2,000 coins were recovered of various denominations –the earliest of which had been minted in the late 9th century.

Easily the largest collection of gold coins discovered in Israel, a historian posited the wealth may have been in transit to pay the Fatimid military garrison stationed nearby.

So high is the value, the word “priceless” is used to describe the find.

3. The Wreck of the San Jose

Found by a group of US investors in 2015 off the coast of Cartagena, Colombia, this Spanish galleon is thought to have sunk 307 years ago in 2015.

Total findings include $1 billion in gold, silver and jewelry, sent from South American colonies to the king of Spain. The ship was attacked by the British Navy during the War of Spanish Succession, killing all 600 on board.

The treasure is to be put on display in a museum in Cartagena, but a legal dispute between the Colombian government and the finders continues, and the treasure remains at sea.

4. The Wreck of the Capitana

Found in 2013, a Florida family in recovered $1 million in gold coins and jewels made for the king of Spain, Phillip V, including a rare “Tricentennial Royal,” from 1715, in the shallow waters near Fort Pierce.

Capitan-General Don Juan Esteban de Ubilla and his 11 ships sank and died during a hurricane while sailing from Havana.

The find is estimated to be worth at least $1 million. The Tricentennial Royal is valued at $500,000 alone.

5. Ohio Baseball Card collection

In a slight twist of the theme, but no less impressive, is the discovery of 100 year old baseball cards found in an attic in Defiance, Ohio in 2012.

Karl Kissner and his cousin found the cards, which belonged to their grandfather, Carl Hench, who died in the 40s.

They theorize that Hench stored the cards inside his attic and forgot about them –his daughter kept the house until her death in 2012, leaving it to her 20 nephews and nieces.

The cards sold at auction for $556,000.

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Buy Gold and Hold Onto Cash Before the Next Market Crisis

May 24, 2016

2016 has been a great year for gold. The precious metal has risen about 17% so far this year. Right now is the best time to invest in gold for the long-term investor.

Elliott Wave theory is a form of technical analysis that posits that investors move between periods of bullish and bearish thinking in a reasonably consistent pattern. This theory is based on Ralph Nelson Elliott’s discovery that market prices move in recognizable, repeating patterns, and that these patterns reflect a basic natural harmony manifested in the inherent herding behavior of crowds. Elliott discovered that these crowd behavior cycles appeared at every time scale. Although they were repetitive in structure, they were not always repetitive in amplitude or the time it took them to form.

Applying this principle, bullish sentiment moves prices up in five moves of alternating peaks and valleys, eventually pushing price of gold to a new high. This is followed by three bearish moves pushing prices lower.

Our current analysis is that gold has hit the bottom of its recent downtrend and that the price gains it has made since 2016 are forming a new substantial uptrend. The price of gold is in an uptrend with a bullish Elliott Wave structure.

Today, the first best investment opportunity is to be in is gold. Yes, you read that right. Gold will be a top-performing investment over the next three to five years. Gold is one of only a few asset classes that will maintain their value during a financial crisis. It has done so previously in the past. There will be times during the next crisis when different asset classes will come into focus, though.

If you are holding any stocks, this current rally is likely the last chance to liquidate your holdings in them. You can also purchase some gold if you don’t own it already, but you should also hold a significant chunk of cash in order to own prepare for opportunities in other assets that will arise.

There are times when making money in stocks should not be your priority; the main goal should be to sit tight with your cash and wait. Do not fall for the various so-called experts who advocate being fully invested in stocks right now. If you have not made your fortune in the stock market’s run-up of the past seven years, you certainly aren’t going to do it right now.

Whom would you rather follow, the so-called experts, or the people who have actually made money time and again? Two such investors are Jim Rogers and Warren Buffett. Buffett’s Berkshire Hathaway (BRK.A) has more than $56.16 billion in cash and cash equivalents. Being an astute investor, he is holding large amounts of cash New York Jets limited jersey waiting for the next opportune moment to invest.

Jim Rogers, the famous commodity guru, has a huge investment in gold. Rogers stays away from the markets for long periods of time, entering only when there is widespread panic and fire sale prices on assets.

We foresee another financial crisis, but we also foresee the beginning of an uptrend in gold. Savvy investors should own some gold now but also hold a sizable portion of cash they can employ when everyone else is selling in a panic. These investors will keep their shopping lists ready and pick their favorite asset classes during market downturns. What percentage of your portfolio you should hold in cash depends on your investing philosophy, but in the current scenario, let the percentage of cash you’re holding be at its highest level ever.

Source: TheStreet.com

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