We’ve Never Seen This Before In The Gold Market
By GCRU Gold News on Tuesday, April 7 2015, 00:54 - Permalink
It might prove to be a one-off. But one group in the gold industry this week forged ahead with a unique strategy — which might just change the market.
The group is India’s largest jewellery-maker, Rajesh Exports. Which said that it is taking an unusual step in securing gold supply for its operations.
Buying gold mines.
The firm’s owner, Rajesh Mehta, told reporters in Australia this week that he is visiting the country to vet potential mining acquisitions. Adding that his company has hired investment bankers to identify assets that could “ensure a reliable and permanent gold supply-line to our company”.